SDIC Power Holdings 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	24,547	23,113	10,170	11,358	11,639	8,887
Trading Asset Securities	25	79.94	211.23	199.16	208.94	111.36
Accounts Receivable	11,125	10,998	15,847	14,040	9,114	9,866
Other Receivables	1,191	1,432	1,012	899.49	699.51	371.15
Inventory	1,001	1,312	1,681	1,296	1,217	1,270
Other Current Assets	1,011	850.25	921.09	979.61	442.59	1,191
Total Current Assets	38,900	37,785	29,843	28,773	23,322	21,697
Property, Plant & Equipment	239,715	238,555	229,353	216,563	207,462	195,949
Goodwill	106.47	106.47	146.29	146.29	108.25	109.02
Other Intangible Assets	6,405	6,464	6,385	6,116	5,665	5,588
Long-Term Investments	10,875	10,192	10,282	10,395	10,038	9,697
Long-Term Loans Receivable	-	542.78	3,680	1,628	1,222	1,137
Long-Term Deferred Tax Assets	874.83	867.27	974.51	1,041	1,055	945.56
Long-Term Deferred Charges	90.79	11.56	5.7	0.16	12.66	27.99
Other Long-Term Assets	19,540	19,055	15,867	12,701	9,414	6,255
Total Assets	316,508	313,580	296,537	277,363	258,300	241,406
Accounts Payable	6,040	7,144	8,114	6,418	4,548	4,732
Accrued Expenses	507.92	1,318	1,390	821.03	881.99	700.19
Short-Term Debt	18,296	20,061	9,279	9,412	11,299	12,104
Current Portion of Long-Term Debt	13,057	14,861	18,802	12,343	10,353	9,897
Current Unearned Revenue	59.76	71.91	9.75	7.99	3.84	5.08
Current Portion of Leases	-	660.33	159.6	51.39	96.07	33.61
Current Income Taxes Payable	1,714	691.23	984.44	548.42	514.65	381.92
Other Current Liabilities	16,861	16,643	17,827	16,209	17,066	10,132
Total Current Liabilities	56,536	61,450	56,565	45,811	44,762	37,987
Long-Term Debt	123,778	120,798	126,709	125,630	117,693	113,007
Long-Term Leases	3,504	3,485	1,349	828.37	465.73	345.75
Long-Term Unearned Revenue	160.11	144.04	134.63	137.99	157.04	159.96
Pension & Post-Retirement Benefits	-	481.07	527.01	487.22	484.45	477.48
Long-Term Deferred Tax Liabilities	989.21	953.91	787.67	645.75	523.43	399.87
Other Long-Term Liabilities	3,622	2,479	1,391	1,705	592.49	930.69
Total Liabilities	188,590	189,791	187,463	175,246	164,678	153,308
Common Stock	8,004	8,004	7,454	7,454	7,454	7,454
Additional Paid-In Capital	17,436	17,258	10,810	10,810	10,810	10,810
Retained Earnings	42,772	40,689	37,172	34,398	29,903	27,238
Comprehensive Income & Other	6,502	6,690	6,550	6,404	6,347	5,972
Total Common Equity	74,716	72,642	61,987	59,067	54,514	51,475
Minority Interest	53,203	51,147	47,087	43,051	39,107	36,623
Shareholders' Equity	127,918	123,788	109,074	102,117	93,621	88,098
Total Liabilities & Equity	316,508	313,580	296,537	277,363	258,300	241,406
Total Debt	158,635	159,866	156,298	148,265	139,907	135,389
Net Cash (Debt)	-134,063	-136,673	-145,916	-136,708	-128,059	-126,391
Net Cash Per Share	-16.75	-17.27	-19.58	-17.85	-16.37	-16.62
Filing Date Shares Outstanding	8,004	8,004	7,454	7,454	7,454	7,454
Total Common Shares Outstanding	8,004	8,004	7,454	7,454	7,454	7,454
Working Capital	-17,636	-23,665	-26,722	-17,038	-21,440	-16,290
Book Value Per Share	8.62	8.36	7.55	7.16	6.55	6.14
Tangible Book Value	68,204	66,071	55,456	52,804	48,741	45,778
Tangible Book Value Per Share	7.81	7.54	6.68	6.32	5.77	5.38
Buildings	-	195,129	194,064	192,809	191,681	175,949
Machinery	-	115,229	108,132	100,550	88,679	85,272
Construction In Progress	-	38,854	30,267	17,298	12,333	11,225

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