Bestsun Energy Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	562.62	643.4	685.86	591	1,104	605.07
Trading Asset Securities	23	-	-	-	-	60.1
Accounts Receivable	224.62	198.46	275.57	409.33	475.61	710.53
Other Receivables	23.56	6.73	30.89	8.91	9.95	15
Inventory	311.76	262.14	284.75	279.49	275.33	302.29
Prepaid Expenses	-	11.61	22.08	29.58	40.47	10.3
Other Current Assets	204.79	170.03	110.28	130.12	130.54	212.07
Total Current Assets	1,350	1,292	1,409	1,448	2,036	1,915
Property, Plant & Equipment	4,362	4,255	4,266	4,180	3,991	3,927
Goodwill	1,348	1,333	1,345	1,345	1,267	1,271
Other Intangible Assets	591.84	615.52	650.32	683.31	715.5	747.07
Long-Term Investments	37.59	41.65	42.15	34.4	35.88	34.56
Long-Term Deferred Tax Assets	91.65	85.17	67.95	74.8	40.14	38.12
Long-Term Deferred Charges	2.77	2.53	1.63	0.81	0.76	5.27
Long-Term Accounts Receivable	-	-	-	-	0.78	7.08
Other Long-Term Assets	80.32	83.03	88.56	58.71	63.99	68.94
Total Assets	7,865	7,708	7,871	7,826	8,152	8,014
Accounts Payable	373.55	297.92	590.4	511.91	351.57	366.1
Accrued Expenses	11.53	54.91	59.52	57.86	67.87	58.32
Short-Term Debt	1,162	434.58	426.52	159.99	282	280.6
Current Portion of Long-Term Debt	408.7	640.93	221.04	478.67	47.5	3.02
Current Unearned Revenue	695.23	993.8	862.41	985.87	1,325	1,299
Current Portion of Leases	-	51.72	15.16	4.77	86.73	23.59
Current Income Taxes Payable	102.8	142.78	75.43	133.26	149.06	132.69
Other Current Liabilities	58.65	82.7	70.77	84.62	67.86	83.9
Total Current Liabilities	2,813	2,699	2,321	2,417	2,378	2,248
Long-Term Debt	735.16	477.9	1,121	1,010	1,098	655.98
Long-Term Leases	93.74	119.29	35.69	0.85	72.63	143.2
Long-Term Unearned Revenue	220.01	243.29	197.68	178.74	167.9	162.46
Long-Term Deferred Tax Liabilities	329.12	310.51	341.13	314.63	279.3	308.93
Other Long-Term Liabilities	21.41	35.96	54.49	75.97	90.87	111.19
Total Liabilities	4,212	3,886	4,071	3,997	4,087	3,629
Common Stock	990.68	990.68	990.68	1,013	1,013	1,093
Additional Paid-In Capital	372.68	418.63	417.79	495.69	494.25	910.57
Retained Earnings	2,097	2,223	2,199	2,233	2,383	2,540
Treasury Stock	-	-	-	-100.06	-19.25	-361.05
Comprehensive Income & Other	51.44	37.23	30.41	31.74	38.87	55.83
Total Common Equity	3,512	3,670	3,638	3,673	3,910	4,238
Minority Interest	140.48	151.72	162.08	154.88	155.41	146.5
Shareholders' Equity	3,653	3,822	3,800	3,828	4,065	4,384
Total Liabilities & Equity	7,865	7,708	7,871	7,826	8,152	8,014
Total Debt	2,400	1,724	1,819	1,654	1,587	1,106
Net Cash (Debt)	-1,814	-1,081	-1,133	-1,063	-482.84	-441.23
Net Cash Per Share	-1.35	-0.81	-0.85	-0.79	-0.35	-0.31
Filing Date Shares Outstanding	990.68	1,341	1,341	1,341	1,359	1,363
Total Common Shares Outstanding	990.68	1,341	1,341	1,341	1,359	1,389
Working Capital	-1,462	-1,407	-911.82	-968.51	-341.18	-332.31
Book Value Per Share	3.55	2.74	2.71	2.74	2.88	3.05
Tangible Book Value	1,572	1,722	1,643	1,645	1,927	2,220
Tangible Book Value Per Share	1.59	1.28	1.23	1.23	1.42	1.60
Buildings	-	629.31	607.14	608.55	582.22	492.86
Machinery	-	1,219	1,167	977.27	801.58	742.34
Construction In Progress	-	149.44	192.56	235.97	378.54	449.59

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.