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 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	1,187	1,059	868.13	1,016	777.3	1,166
Trading Asset Securities	45.2	45.24	36.4	269.76	212.24	239.09
Accounts Receivable	877.69	949.55	898.91	635.78	578.51	336.8
Other Receivables	9.36	11.91	10.46	58.44	12.98	8.31
Inventory	69.76	49.05	53.87	49.61	46.32	42.12
Prepaid Expenses	-	-	-	-	8.38	9.44
Other Current Assets	147.22	139.13	24.21	25.9	59.24	54.48
Total Current Assets	2,337	2,254	1,892	2,056	1,695	1,857
Property, Plant & Equipment	1,620	1,653	1,713	1,691	1,753	1,723
Other Intangible Assets	947.3	958.99	1,017	1,074	1,132	838.53
Long-Term Investments	1,395	1,370	1,334	253.68	232.91	229.82
Long-Term Deferred Tax Assets	144.04	148.22	130.67	114.29	111.92	96.35
Long-Term Deferred Charges	2.32	2.91	6.07	7.1	9.86	13.68
Long-Term Accounts Receivable	-	-	887.68	900.29	919.46	958.13
Other Long-Term Assets	859.28	839.67	1.11	-	0.07	-
Total Assets	7,305	7,226	6,981	6,096	5,854	5,716
Accounts Payable	833.08	1,028	949.56	661.32	581.26	452.81
Accrued Expenses	43	58.38	99.94	84.67	95.66	83.91
Short-Term Debt	203.16	29.99	27.62	39.84	-	-
Current Portion of Long-Term Debt	19	11.5	9.96	6.22	175.46	168.61
Current Unearned Revenue	277.39	233.05	227.45	315.99	428.09	500.2
Current Portion of Leases	-	-	2.79	0.87	2.98	2.75
Current Income Taxes Payable	33.19	62.54	35.06	31.65	52.41	30.93
Other Current Liabilities	83.83	90.97	103.15	107.73	100.57	105.03
Total Current Liabilities	1,493	1,514	1,456	1,248	1,436	1,344
Long-Term Debt	661.73	634.62	634.5	597.86	416.04	584.43
Long-Term Leases	-	0.52	2.26	0.63	0.26	4.13
Long-Term Unearned Revenue	42.45	44.01	497.62	518.96	507.24	482.98
Long-Term Deferred Tax Liabilities	9.31	9.07	5.71	3.89	2.96	4.87
Other Long-Term Liabilities	396.53	408.16	-	-	-	-
Total Liabilities	2,603	2,611	2,596	2,370	2,363	2,421
Common Stock	935.21	935.21	935.21	935.21	935.21	935.21
Additional Paid-In Capital	767.26	767.66	761.23	391.47	391.47	391.47
Retained Earnings	2,970	2,884	2,642	2,355	2,116	1,920
Comprehensive Income & Other	29.53	29.4	47.12	44.54	48.11	49.17
Total Common Equity	4,702	4,616	4,385	3,727	3,491	3,296
Shareholders' Equity	4,702	4,616	4,385	3,727	3,491	3,296
Total Liabilities & Equity	7,305	7,226	6,981	6,096	5,854	5,716
Total Debt	883.9	676.62	677.14	645.42	594.74	759.92
Net Cash (Debt)	348.79	427.85	227.39	640.71	394.8	645.54
Net Cash Growth	95.62%	88.15%	-64.51%	62.29%	-38.84%	-49.45%
Net Cash Per Share	0.38	0.46	0.24	0.69	0.42	0.70
Filing Date Shares Outstanding	937.43	891.1	935.21	935.21	935.21	935.21
Total Common Shares Outstanding	937.43	891.1	935.21	935.21	935.21	935.21
Working Capital	844.06	739.88	436.45	807.58	258.53	512.38
Book Value Per Share	5.02	5.18	4.69	3.98	3.73	3.52
Tangible Book Value	3,755	3,657	3,368	2,652	2,359	2,457
Tangible Book Value Per Share	4.01	4.10	3.60	2.84	2.52	2.63
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

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