Huadian Energy Company 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	5,010	3,642	3,345	3,282	5,551	5,701
Accounts Receivable	1,520	1,034	1,465	1,436	1,843	1,796
Other Receivables	27.51	77.4	87.76	52.04	199.84	263.34
Inventory	556.6	900.13	970.66	726.74	863.31	1,330
Prepaid Expenses	-	1.23	0.85	0.75	0.5	0
Other Current Assets	421.73	237.49	241.99	494.37	333.47	193.04
Total Current Assets	7,536	5,891	6,111	5,992	8,791	9,284
Property, Plant & Equipment	17,686	17,562	16,588	16,922	18,076	18,666
Goodwill	270.95	270.95	270.95	270.95	270.95	301.81
Other Intangible Assets	4,933	4,978	5,038	4,421	4,493	4,410
Long-Term Investments	1,210	994.97	801.85	762.26	867.16	1,805
Long-Term Deferred Tax Assets	196.45	196.85	187.48	175.85	114.58	114.69
Long-Term Deferred Charges	302.46	315.99	409.41	418.11	324.25	317.94
Long-Term Accounts Receivable	-	-	-	-	-	17.14
Other Long-Term Assets	1,119	726.8	593.82	152.19	70.99	161.62
Total Assets	33,255	30,936	30,001	29,114	33,008	35,077
Accounts Payable	1,335	1,120	1,507	1,520	1,465	2,560
Accrued Expenses	114.93	784.06	859.86	990.77	1,437	627.47
Short-Term Debt	7,481	5,268	5,546	5,121	3,975	6,726
Current Portion of Long-Term Debt	3,334	1,616	2,882	1,565	3,113	3,257
Current Unearned Revenue	401.86	1,093	1,156	1,067	1,346	1,088
Current Portion of Leases	-	7.11	6.04	3.61	2.04	3
Current Income Taxes Payable	365.35	194.39	166.58	331	433.2	702.91
Other Current Liabilities	1,230	3,907	1,568	941.2	1,137	1,202
Total Current Liabilities	14,262	13,990	13,692	11,540	12,909	16,168
Long-Term Debt	8,426	7,413	5,619	5,821	6,954	8,719
Long-Term Leases	2.96	1,142	2,311	3,055	3,936	2,548
Long-Term Unearned Revenue	309.4	299.99	258.88	287.52	245.43	257.08
Long-Term Deferred Tax Liabilities	171.96	173.04	175.27	174.28	170.42	165.2
Other Long-Term Liabilities	2,925	1,923	1,912	2,006	2,052	1,959
Total Liabilities	26,098	24,942	23,968	22,883	26,268	29,816
Common Stock	7,907	7,907	7,907	7,907	7,907	1,967
Additional Paid-In Capital	438.13	438.13	438.13	337.27	216.67	3,489
Retained Earnings	-4,491	-5,093	-5,293	-5,458	-5,367	-4,437
Comprehensive Income & Other	1,126	874.46	663.62	702.05	665.75	665.72
Total Common Equity	4,980	4,127	3,716	3,488	3,422	1,685
Minority Interest	2,177	1,867	2,317	2,743	3,318	3,576
Shareholders' Equity	7,157	5,994	6,033	6,231	6,740	5,261
Total Liabilities & Equity	33,255	30,936	30,001	29,114	33,008	35,077
Total Debt	19,244	15,447	16,364	15,566	17,981	21,253
Net Cash (Debt)	-14,234	-11,805	-13,019	-12,284	-12,430	-15,552
Net Cash Per Share	-2.17	-1.77	-1.57	-1.35	-6.36	-7.91
Filing Date Shares Outstanding	7,907	7,907	7,907	7,907	7,907	1,967
Total Common Shares Outstanding	7,907	7,907	7,907	7,907	7,907	1,967
Working Capital	-6,726	-8,099	-7,581	-5,547	-4,118	-6,884
Book Value Per Share	0.63	0.52	0.47	0.44	0.43	0.86
Tangible Book Value	-224.5	-1,121	-1,593	-1,203	-1,341	-3,026
Tangible Book Value Per Share	-0.03	-0.14	-0.20	-0.15	-0.17	-1.54
Buildings	-	10,491	10,519	10,441	10,518	10,350
Machinery	-	33,813	33,172	32,662	32,981	31,400
Construction In Progress	-	2,826	1,019	487.32	497.56	1,379

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