Jiangsu Jiangnan Water Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	902.47	868.13	1,016	777.3	1,166	1,888
Trading Asset Securities	51.88	36.4	269.76	212.24	239.09	241.84
Accounts Receivable	1,054	898.91	635.78	578.51	336.8	117.92
Other Receivables	9.79	10.46	58.44	12.98	8.31	21.28
Inventory	49.3	53.87	49.61	46.32	42.12	22.35
Prepaid Expenses	-	-	-	8.38	9.44	10.8
Other Current Assets	32.75	24.21	25.9	59.24	54.48	4.97
Total Current Assets	2,100	1,892	2,056	1,695	1,857	2,307
Property, Plant & Equipment	1,667	1,713	1,691	1,753	1,723	2,336
Other Intangible Assets	973.32	1,017	1,074	1,132	838.53	168.14
Long-Term Investments	1,341	1,334	253.68	232.91	229.82	437.34
Long-Term Deferred Tax Assets	116.25	130.67	114.29	111.92	96.35	91.41
Long-Term Deferred Charges	3.32	6.07	7.1	9.86	13.68	12.86
Long-Term Accounts Receivable	839.3	887.68	900.29	919.46	958.13	101.43
Other Long-Term Assets	2.26	1.11	-	0.07	-	0.2
Total Assets	7,042	6,981	6,096	5,854	5,716	5,455
Accounts Payable	926.52	949.56	661.32	581.26	452.81	375.36
Accrued Expenses	53.54	99.94	84.67	95.66	83.91	69.72
Short-Term Debt	29.99	27.62	39.84	-	-	-
Current Portion of Long-Term Debt	9.72	9.96	6.22	175.46	168.61	109
Current Unearned Revenue	239	227.45	315.99	428.09	500.2	468.12
Current Portion of Leases	-	2.79	0.87	2.98	2.75	-
Current Income Taxes Payable	38.54	35.06	31.65	52.41	30.93	38.94
Other Current Liabilities	92.51	103.15	107.73	100.57	105.03	98.84
Total Current Liabilities	1,390	1,456	1,248	1,436	1,344	1,160
Long-Term Debt	635.55	634.5	597.86	416.04	584.43	743.68
Long-Term Leases	2.45	2.26	0.63	0.26	4.13	-
Long-Term Unearned Revenue	457.44	497.62	518.96	507.24	482.98	470.93
Long-Term Deferred Tax Liabilities	6.55	5.71	3.89	2.96	4.87	2.89
Total Liabilities	2,492	2,596	2,370	2,363	2,421	2,377
Common Stock	935.21	935.21	935.21	935.21	935.21	935.21
Additional Paid-In Capital	767.72	761.23	391.47	391.47	391.47	391.5
Retained Earnings	2,814	2,642	2,355	2,116	1,920	1,700
Comprehensive Income & Other	33.54	47.12	44.54	48.11	49.17	50.54
Total Common Equity	4,551	4,385	3,727	3,491	3,296	3,078
Shareholders' Equity	4,551	4,385	3,727	3,491	3,296	3,078
Total Liabilities & Equity	7,042	6,981	6,096	5,854	5,716	5,455
Total Debt	677.71	677.14	645.42	594.74	759.92	852.68
Net Cash (Debt)	276.65	227.39	640.71	394.8	645.54	1,277
Net Cash Growth	271.32%	-64.51%	62.29%	-38.84%	-49.45%	41.97%
Net Cash Per Share	0.30	0.24	0.69	0.42	0.70	1.36
Filing Date Shares Outstanding	935.21	935.21	935.21	935.21	935.21	935.21
Total Common Shares Outstanding	935.21	935.21	935.21	935.21	935.21	935.21
Working Capital	710.29	436.45	807.58	258.53	512.38	1,147
Book Value Per Share	4.87	4.69	3.98	3.73	3.52	3.29
Tangible Book Value	3,577	3,368	2,652	2,359	2,457	2,909
Tangible Book Value Per Share	3.83	3.60	2.84	2.52	2.63	3.11
Buildings	-	1,167	1,134	1,097	1,093	-
Machinery	-	631.41	602.02	580.8	573.15	-
Construction In Progress	-	111.88	108.22	184.9	64.16	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.