Xinjiang Torch Gas 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	239.41	273.34	268.28	227.17	354.08	558.43
Trading Asset Securities	6.53	6.53	-	-	-	-
Accounts Receivable	183.09	156.26	154.62	140.43	207.13	201.41
Other Receivables	3.23	2.1	-	-	4.86	2.02
Inventory	56.8	65.53	81.08	88.45	75.74	62.72
Prepaid Expenses	-	-	0.36	0.3	0.21	0.67
Other Current Assets	94.13	133.99	95.62	78.54	44.9	34
Total Current Assets	583.19	637.76	599.97	534.88	686.93	859.23
Property, Plant & Equipment	990.86	977	963.57	953.51	761.03	791.74
Goodwill	275.65	275.65	219.96	219.96	103.66	103.66
Other Intangible Assets	524.54	534.83	492.46	502.23	193.95	148.48
Long-Term Investments	80.89	29.77	31.76	24.46	24.26	30.78
Long-Term Deferred Tax Assets	58.25	60.11	49.34	46.36	38.71	37.03
Long-Term Deferred Charges	9.78	9.6	9.57	9.38	0.44	0.75
Other Long-Term Assets	42.97	80.24	36.36	41.58	48.96	91.65
Total Assets	2,566	2,605	2,403	2,332	1,858	2,063
Accounts Payable	63.92	82.34	85.09	76.85	64.26	46.92
Accrued Expenses	9.61	27.11	24.64	18.47	32.74	33
Short-Term Debt	42.41	9.64	-	18.64	-	-
Current Portion of Long-Term Debt	2.57	3.37	0.02	6.61	100.12	33.96
Current Unearned Revenue	413.63	475.07	445.21	412.24	273.04	247.31
Current Portion of Leases	-	-	2.37	4.56	-	-
Current Income Taxes Payable	12.68	16.8	7.27	23.35	0.22	4.7
Other Current Liabilities	78.66	99.26	77.46	85.33	48.58	43.35
Total Current Liabilities	623.48	713.58	642.05	646.06	518.97	409.24
Long-Term Debt	-	-	14.25	48.16	-	354
Long-Term Leases	5.33	6.98	7.88	9.84	-	-
Long-Term Unearned Revenue	1.94	1.99	2.19	2.38	2.58	2.74
Long-Term Deferred Tax Liabilities	88.62	85.55	75.94	79.99	16.17	18.21
Total Liabilities	719.37	808.1	742.3	786.44	537.72	784.19
Common Stock	141.5	141.5	141.5	141.5	141.5	141.5
Additional Paid-In Capital	403.21	403.21	485.51	485.51	485.51	485.51
Retained Earnings	1,039	993.62	862.02	771.68	667.2	622.22
Comprehensive Income & Other	41.23	38.07	35.41	24.12	26.01	29.9
Total Common Equity	1,625	1,576	1,524	1,423	1,320	1,279
Minority Interest	222.09	220.47	136.27	123.12	-	-
Shareholders' Equity	1,847	1,797	1,661	1,546	1,320	1,279
Total Liabilities & Equity	2,566	2,605	2,403	2,332	1,858	2,063
Total Debt	50.31	19.99	24.51	87.82	100.12	387.96
Net Cash (Debt)	195.62	259.89	243.77	139.35	253.97	170.47
Net Cash Growth	-1.73%	6.61%	74.94%	-45.13%	48.98%	3.76%
Net Cash Per Share	1.39	1.84	1.73	0.99	1.80	1.20
Filing Date Shares Outstanding	140.97	139.89	141.5	141.5	141.5	141.5
Total Common Shares Outstanding	140.97	139.89	141.5	141.5	141.5	141.5
Working Capital	-40.29	-75.82	-42.07	-111.17	167.96	449.99
Book Value Per Share	11.53	11.27	10.77	10.06	9.33	9.04
Tangible Book Value	824.47	765.91	812.01	700.61	1,023	1,027
Tangible Book Value Per Share	5.85	5.48	5.74	4.95	7.23	7.26
Buildings	-	-	371.74	296.9	237.16	226.52
Machinery	-	-	379.1	343.26	309.01	298.35
Construction In Progress	-	-	61.63	103.02	65.47	65.51

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