Dalian Thermal Power 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	31.15	87.8	83.99	159.07	322.66	522.08
Accounts Receivable	27.66	54.7	55.75	48.2	46.79	55.66
Other Receivables	287.55	335.18	345.84	0.86	199.28	3.68
Inventory	126.67	59.14	119.05	88.34	222.99	117.48
Other Current Assets	25.89	99.35	63.91	404.3	121.06	272.45
Total Current Assets	498.91	636.18	668.54	700.76	912.77	971.34
Property, Plant & Equipment	1,970	2,068	2,131	1,941	1,864	1,702
Other Intangible Assets	-	-	-	-	0.82	0.84
Long-Term Deferred Tax Assets	0.01	0.01	-	14.54	15.54	17.16
Long-Term Deferred Charges	0.23	0.35	0.57	1.35	1.97	2.84
Other Long-Term Assets	12.17	12.82	13.69	15.51	15.43	16.3
Total Assets	2,481	2,717	2,813	2,673	2,810	2,710
Accounts Payable	403	485.38	430.22	474.71	396.12	198.37
Accrued Expenses	0.21	13.62	12.48	11.07	11.57	75.64
Short-Term Debt	776.55	589.88	514.07	499.97	237.2	473
Current Portion of Long-Term Debt	315.37	274.53	99.8	121.2	418.9	0.9
Current Unearned Revenue	38.82	284.86	278.4	293.52	289.81	297.37
Current Portion of Leases	-	0.21	0.2	0.18	0.72	-
Current Income Taxes Payable	0.01	-	-	5.67	5.67	7.75
Other Current Liabilities	11.5	36.07	34.95	38.2	19.36	25.66
Total Current Liabilities	1,545	1,685	1,370	1,445	1,379	1,079
Long-Term Debt	604.39	590.8	852.02	740.62	779.7	868.6
Long-Term Leases	7.12	6.94	7.15	7.48	8.84	-
Long-Term Unearned Revenue	27.58	30.4	34.05	37.31	43.01	17.07
Long-Term Deferred Tax Liabilities	1.8	1.86	2.02	2.14	2.27	2.41
Total Liabilities	2,186	2,315	2,265	2,232	2,213	1,967
Common Stock	404.6	404.6	404.6	404.6	404.6	404.6
Additional Paid-In Capital	102.17	102.17	102.17	102.17	102.17	102.17
Retained Earnings	-219.11	-106.53	39.4	-66.16	90.39	236.84
Comprehensive Income & Other	6.94	2.67	1.94	0.54	-	-
Shareholders' Equity	294.61	402.91	548.12	441.16	597.16	743.61
Total Liabilities & Equity	2,481	2,717	2,813	2,673	2,810	2,710
Total Debt	1,703	1,462	1,473	1,369	1,445	1,343
Net Cash (Debt)	-1,672	-1,375	-1,389	-1,210	-1,123	-820.42
Net Cash Per Share	-4.13	-3.40	-3.43	-2.99	-2.78	-2.04
Filing Date Shares Outstanding	404.6	404.6	404.6	404.6	404.6	404.6
Total Common Shares Outstanding	404.6	404.6	404.6	404.6	404.6	404.6
Working Capital	-1,047	-1,048	-701.57	-743.76	-466.58	-107.35
Book Value Per Share	0.73	1.00	1.35	1.09	1.48	1.84
Tangible Book Value	294.61	402.91	548.12	441.16	596.34	742.78
Tangible Book Value Per Share	0.73	1.00	1.35	1.09	1.47	1.84
Buildings	-	258.04	258.04	267.25	591.08	576.96
Machinery	-	1,752	1,739	1,506	1,466	1,412
Construction In Progress	-	3.51	2.29	13.28	477.35	442.74

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