Bestsun Energy Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	560.8	531.31	643.4	685.86	591	1,104
Trading Asset Securities	33	3	-	-	-	-
Accounts Receivable	211.99	162.32	198.46	275.57	409.33	475.61
Other Receivables	20.38	21.7	6.73	30.89	8.91	9.95
Inventory	298.53	348.43	262.14	284.75	279.49	275.33
Prepaid Expenses	-	-	11.61	22.08	29.58	40.47
Other Current Assets	134.99	216.18	170.03	110.28	130.12	130.54
Total Current Assets	1,260	1,283	1,292	1,409	1,448	2,036
Property, Plant & Equipment	4,301	4,337	4,255	4,266	4,180	3,991
Goodwill	1,270	1,270	1,333	1,345	1,345	1,267
Other Intangible Assets	577.32	586.94	615.52	650.32	683.31	715.5
Long-Term Investments	256.55	256.04	41.65	42.15	34.4	35.88
Long-Term Deferred Tax Assets	96.43	94.76	85.17	67.95	74.8	40.14
Long-Term Deferred Charges	2.64	2.98	2.53	1.63	0.81	0.76
Long-Term Accounts Receivable	-	-	-	-	-	0.78
Other Long-Term Assets	89.51	90.61	83.03	88.56	58.71	63.99
Total Assets	7,853	7,921	7,708	7,871	7,826	8,152
Accounts Payable	323.68	360.5	297.92	590.4	511.91	351.57
Accrued Expenses	11.53	43.45	54.91	59.52	57.86	67.87
Short-Term Debt	996.3	1,150	434.58	426.52	159.99	282
Current Portion of Long-Term Debt	240.5	199.7	640.93	221.04	478.67	47.5
Current Unearned Revenue	629.44	933.08	993.8	862.41	985.87	1,325
Current Portion of Leases	-	-	51.72	15.16	4.77	86.73
Current Income Taxes Payable	150.18	144.77	142.78	75.43	133.26	149.06
Other Current Liabilities	57.56	59.75	82.7	70.77	84.62	67.86
Total Current Liabilities	2,409	2,891	2,699	2,321	2,417	2,378
Long-Term Debt	910.06	596.56	477.9	1,121	1,010	1,098
Long-Term Leases	-	-	119.29	35.69	0.85	72.63
Long-Term Unearned Revenue	231.71	233.58	243.29	197.68	178.74	167.9
Long-Term Deferred Tax Liabilities	312.08	317.61	310.51	341.13	314.63	279.3
Other Long-Term Liabilities	164.16	177.71	35.96	54.49	75.97	90.87
Total Liabilities	4,027	4,217	3,886	4,071	3,997	4,087
Common Stock	990.68	990.68	990.68	990.68	1,013	1,013
Additional Paid-In Capital	374.37	372.68	418.63	417.79	495.69	494.25
Retained Earnings	2,258	2,146	2,223	2,199	2,233	2,383
Treasury Stock	-	-	-	-	-100.06	-19.25
Comprehensive Income & Other	57.53	51.75	37.23	30.41	31.74	38.87
Total Common Equity	3,680	3,561	3,670	3,638	3,673	3,910
Minority Interest	145.66	143.95	151.72	162.08	154.88	155.41
Shareholders' Equity	3,826	3,705	3,822	3,800	3,828	4,065
Total Liabilities & Equity	7,853	7,921	7,708	7,871	7,826	8,152
Total Debt	2,147	1,946	1,724	1,819	1,654	1,587
Net Cash (Debt)	-1,553	-1,412	-1,081	-1,133	-1,063	-482.84
Net Cash Per Share	-1.16	-1.05	-0.81	-0.85	-0.79	-0.35
Filing Date Shares Outstanding	1,341	1,341	1,341	1,341	1,341	1,359
Total Common Shares Outstanding	1,341	1,341	1,341	1,341	1,341	1,359
Working Capital	-1,150	-1,608	-1,407	-911.82	-968.51	-341.18
Book Value Per Share	2.74	2.65	2.74	2.71	2.74	2.88
Tangible Book Value	1,833	1,704	1,722	1,643	1,645	1,927
Tangible Book Value Per Share	1.37	1.27	1.28	1.23	1.23	1.42
Buildings	-	-	629.31	607.14	608.55	582.22
Machinery	-	-	1,219	1,167	977.27	801.58
Construction In Progress	-	-	149.44	192.56	235.97	378.54

Source: S&P Global Market Intelligence. Utility template. Financial Sources.