Ningbo Energy Group Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	671.61	839.89	684.86	1,055	865.62
Trading Asset Securities	323.92	323.67	486.01	494.67	372.37
Accounts Receivable	1,595	1,553	1,537	670.66	1,134
Other Receivables	930.95	758.19	666.13	614.96	28.91
Inventory	155.8	146.9	171.66	272.02	359.95
Loans Receivable Current	38	119.4	-	-	210
Other Current Assets	220.7	139.1	149.13	289.01	316.17
Total Current Assets	3,936	3,880	3,695	3,396	3,287
Property, Plant & Equipment	5,490	4,997	4,865	4,262	3,106
Goodwill	15.09	13	10.85	10.85	10.85
Other Intangible Assets	390.7	401.33	408.63	388.06	496.54
Long-Term Investments	3,309	2,934	2,917	2,803	2,102
Long-Term Deferred Tax Assets	239.14	191.51	151.69	108.99	93.24
Long-Term Deferred Charges	11.14	14.48	17.61	12.89	13.39
Long-Term Accounts Receivable	-	-	1,510	1,005	852.09
Other Long-Term Assets	3,606	2,779	206.81	221.47	24.45
Total Assets	16,997	15,210	13,782	12,208	9,986
Accounts Payable	302.96	318.53	251.33	613	259.62
Accrued Expenses	71.65	63.15	54.62	45.47	44.41
Short-Term Debt	2,867	2,964	2,493	2,643	1,999
Current Portion of Long-Term Debt	1,674	1,688	887.69	960.69	263.08
Current Unearned Revenue	27.42	6.97	19.06	17.95	43.87
Current Portion of Leases	6.76	4.36	31.38	-	8.72
Current Income Taxes Payable	24.63	23.88	25.79	34.31	28.91
Other Current Liabilities	497.52	654.68	544.72	417.37	354.16
Total Current Liabilities	5,472	5,724	4,308	4,731	3,002
Long-Term Debt	4,307	3,886	4,142	2,127	2,220
Long-Term Leases	25.73	4.74	6.13	12.49	15.44
Long-Term Unearned Revenue	175.72	146.55	131.97	130.96	122.9
Long-Term Deferred Tax Liabilities	12.66	4.11	3.66	1.76	6.81
Other Long-Term Liabilities	482.5	272.03	202.5	207.38	210.87
Total Liabilities	10,475	10,037	8,794	7,211	5,578
Common Stock	1,118	1,118	1,118	1,118	1,118
Additional Paid-In Capital	1,359	1,361	1,351	1,651	1,412
Retained Earnings	2,018	1,853	1,736	1,479	1,326
Treasury Stock	-	-	-14.09	-30.94	-51.47
Comprehensive Income & Other	1,019	8.03	3.99	6.73	13.6
Total Common Equity	5,514	4,340	4,195	4,224	3,819
Minority Interest	1,008	832.87	793.14	772.54	589.55
Shareholders' Equity	6,522	5,173	4,988	4,997	4,408
Total Liabilities & Equity	16,997	15,210	13,782	12,208	9,986
Total Debt	8,880	8,548	7,561	5,743	4,506
Net Cash (Debt)	-7,884	-7,384	-6,390	-4,193	-3,268
Net Cash Per Share	-6.75	-6.62	-5.75	-3.78	-2.96
Filing Date Shares Outstanding	1,118	1,118	1,118	1,118	1,118
Total Common Shares Outstanding	1,118	1,118	1,118	1,118	1,118
Working Capital	-1,536	-1,844	-613.34	-1,335	285.16
Book Value Per Share	4.93	3.88	3.75	3.78	3.42
Tangible Book Value	5,108	3,926	3,775	3,825	3,311
Tangible Book Value Per Share	4.57	3.51	3.38	3.42	2.96
Buildings	1,730	1,666	1,329	1,075	917.97
Machinery	4,707	4,157	3,634	2,755	2,444
Construction In Progress	453.11	482.03	855.86	1,289	592.41

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