Shenzhen Gas Corporation 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	6,284	7,339	5,712	5,836	3,295	3,184
Short-Term Investments	-	250	171.52	-	-	-
Trading Asset Securities	300	300	-	-	10	42.02
Accounts Receivable	5,193	4,832	4,552	4,294	3,949	3,545
Other Receivables	272.42	168.75	230.27	103.66	10.41	83.04
Inventory	1,006	1,013	1,101	1,948	2,265	1,396
Loans Receivable Current	-	-	-	-	78.78	95.2
Other Current Assets	2,096	1,579	1,342	1,371	1,063	898.41
Total Current Assets	15,151	15,481	13,108	13,553	10,671	9,244
Property, Plant & Equipment	23,803	23,892	23,374	21,586	18,610	16,755
Goodwill	3,112	3,049	3,298	3,377	3,360	2,729
Other Intangible Assets	1,951	1,989	2,104	2,460	2,256	2,393
Long-Term Investments	2,036	2,037	1,907	1,940	1,832	1,755
Long-Term Loans Receivable	-	64.83	-	-	-	-
Long-Term Deferred Tax Assets	207.17	210.43	204.69	196.44	161.68	137.79
Long-Term Deferred Charges	1,243	1,209	1,013	758.75	461.3	352.36
Other Long-Term Assets	218.33	284.84	212.67	399.25	848.42	729.6
Total Assets	47,722	48,218	45,221	44,270	38,201	34,096
Accounts Payable	5,582	2,535	1,752	1,804	1,949	1,693
Accrued Expenses	331.79	686.55	657.51	699.44	631.63	774.39
Short-Term Debt	2,544	8,591	10,314	11,557	9,615	7,415
Current Portion of Long-Term Debt	393.83	373.68	136.86	141.39	2,037	96.31
Current Unearned Revenue	2,707	2,681	2,409	2,687	2,249	2,043
Current Portion of Leases	-	65.46	43.47	40.98	24.1	137.13
Current Income Taxes Payable	244.48	144.37	195.04	109.33	163.27	103.6
Other Current Liabilities	5,829	3,452	4,300	4,382	4,492	4,119
Total Current Liabilities	17,632	18,529	19,808	21,421	21,161	16,382
Long-Term Debt	9,548	9,366	6,032	4,638	678.76	2,092
Long-Term Leases	108.61	101.84	104.42	94.19	87.04	614.06
Long-Term Unearned Revenue	481.67	488.67	474.32	385.38	396.29	406.75
Long-Term Deferred Tax Liabilities	386.97	387.94	431.45	459.86	454.63	473.19
Other Long-Term Liabilities	2.42	16.87	6.08	-	28.86	60.48
Total Liabilities	28,160	28,890	26,856	26,998	22,807	20,029
Common Stock	2,877	2,877	2,877	2,877	2,877	2,877
Additional Paid-In Capital	1,927	1,957	1,956	1,934	1,927	1,935
Retained Earnings	10,563	10,296	9,348	8,370	7,303	6,541
Comprehensive Income & Other	1,358	1,362	1,380	1,366	1,043	1,011
Total Common Equity	16,726	16,491	15,560	14,547	13,149	12,363
Minority Interest	2,837	2,837	2,805	2,725	2,246	1,705
Shareholders' Equity	19,562	19,328	18,365	17,272	15,394	14,068
Total Liabilities & Equity	47,722	48,218	45,221	44,270	38,201	34,096
Total Debt	12,595	18,498	16,630	16,472	12,442	10,355
Net Cash (Debt)	-6,011	-10,609	-10,747	-10,635	-9,137	-7,129
Net Cash Per Share	-1.83	-3.24	-3.32	-3.47	-3.14	-2.47
Filing Date Shares Outstanding	2,877	2,877	2,877	2,877	2,877	2,877
Total Common Shares Outstanding	2,877	2,877	2,877	2,877	2,877	2,877
Working Capital	-2,481	-3,048	-6,700	-7,868	-10,490	-7,138
Book Value Per Share	5.81	5.73	5.41	5.06	4.57	4.30
Tangible Book Value	11,662	11,453	10,159	8,711	7,532	7,240
Tangible Book Value Per Share	4.05	3.98	3.53	3.03	2.62	2.52
Buildings	-	5,023	4,954	4,509	4,320	3,784
Machinery	-	23,308	21,409	19,551	16,255	15,199
Construction In Progress	-	4,448	5,042	4,758	3,833	2,633

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