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 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	66.51	130.59	87.8	83.99	159.07	322.66
Accounts Receivable	40.73	66.57	54.7	55.75	48.2	46.79
Other Receivables	201.32	285.42	335.18	345.84	0.86	199.28
Inventory	10.21	89.35	59.14	119.05	88.34	222.99
Other Current Assets	7.82	28.08	99.35	63.91	404.3	121.06
Total Current Assets	326.58	600.01	636.18	668.54	700.76	912.77
Property, Plant & Equipment	1,915	1,954	2,068	2,131	1,941	1,864
Other Intangible Assets	-	-	-	-	-	0.82
Long-Term Deferred Tax Assets	0.04	0.04	0.01	-	14.54	15.54
Long-Term Deferred Charges	0.17	0.19	0.35	0.57	1.35	1.97
Other Long-Term Assets	11.74	11.95	12.82	13.69	15.51	15.43
Total Assets	2,254	2,566	2,717	2,813	2,673	2,810
Accounts Payable	203.19	145.63	438.04	430.22	474.71	396.12
Accrued Expenses	0.1	98.06	60.96	12.48	11.07	11.57
Short-Term Debt	945.56	868.67	589.88	514.07	499.97	237.2
Current Portion of Long-Term Debt	73.55	133.13	274.53	99.8	121.2	418.9
Current Unearned Revenue	19.76	288.1	284.86	278.4	293.52	289.81
Current Portion of Leases	-	0.22	0.21	0.2	0.18	0.72
Current Income Taxes Payable	2.32	-	-	-	5.67	5.67
Other Current Liabilities	6.55	34.71	36.07	34.95	38.2	19.36
Total Current Liabilities	1,251	1,569	1,685	1,370	1,445	1,379
Long-Term Debt	566.67	656.67	590.8	852.02	740.62	779.7
Long-Term Leases	6.8	6.72	6.94	7.15	7.48	8.84
Long-Term Unearned Revenue	24.54	25.95	30.4	34.05	37.31	43.01
Long-Term Deferred Tax Liabilities	1.73	1.73	1.86	2.02	2.14	2.27
Total Liabilities	1,851	2,260	2,315	2,265	2,232	2,213
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	-106.4	-201.25	-106.53	39.4	-66.16	90.39
Comprehensive Income & Other	2.8	1.3	2.67	1.94	0.54	-
Shareholders' Equity	403.18	306.82	402.91	548.12	441.16	597.16
Total Liabilities & Equity	2,254	2,566	2,717	2,813	2,673	2,810
Total Debt	1,593	1,665	1,462	1,473	1,369	1,445
Net Cash (Debt)	-1,526	-1,535	-1,375	-1,389	-1,210	-1,123
Net Cash Per Share	-3.70	-3.73	-3.39	-3.43	-2.99	-2.78
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	-924.45	-968.5	-1,048	-701.57	-743.76	-466.58
Book Value Per Share	1.00	0.76	1.00	1.35	1.09	1.48
Tangible Book Value	403.18	306.82	402.91	548.12	441.16	596.34
Tangible Book Value Per Share	1.00	0.76	1.00	1.35	1.09	1.47
Buildings	-	258.78	258.04	258.04	267.25	591.08
Machinery	-	1,770	1,752	1,739	1,506	1,466
Construction In Progress	-	1.05	3.51	2.29	13.28	477.35