CSD Water Service 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	315.42	670.62	672.12	590.69	290.31	232.79
Trading Asset Securities	-	-	-	-	-	1.03
Cash & Short-Term Investments	315.42	670.62	672.12	590.69	290.31	233.82
Cash Growth	-28.56%	-0.22%	13.79%	103.47%	24.16%	-45.24%
Accounts Receivable	1,604	1,650	1,830	1,475	1,018	788.94
Other Receivables	15.73	61	67.79	136.6	145.29	134.05
Receivables	1,620	1,711	1,898	1,612	1,164	922.99
Inventory	62.77	56.17	23.06	43.65	21.07	35.99
Prepaid Expenses	-	1.35	0.03	-	0.33	0.54
Other Current Assets	103.05	29.46	129.14	51.06	40.42	42.64
Total Current Assets	2,101	2,469	2,722	2,297	1,516	1,236
Property, Plant & Equipment	312.74	335.85	313.59	306.99	272.87	79.3
Long-Term Investments	319.47	301.95	270.43	305.04	253.45	197.2
Goodwill	209.21	209.21	253.53	253.53	253.53	257.03
Other Intangible Assets	824.27	860.5	913.17	957.27	924.88	849.79
Long-Term Accounts Receivable	35.86	36.45	-	24.16	51.05	-
Long-Term Deferred Tax Assets	102.23	88.11	53.62	43.24	35.8	29.59
Long-Term Deferred Charges	7.68	7.29	4.31	7.34	7.09	6.96
Other Long-Term Assets	313.48	324.03	369.04	347.84	384.32	488.77
Total Assets	4,226	4,632	4,900	4,543	3,699	3,145
Accounts Payable	718.05	820.97	860.13	712.04	621.44	664.41
Accrued Expenses	7.01	104.27	73.78	38.95	43.93	56.63
Short-Term Debt	585.22	789.48	729.73	513.63	628.32	358.35
Current Portion of Long-Term Debt	135.69	77.24	103.93	70.42	43.5	-
Current Portion of Leases	-	61.58	51.37	49.26	15.22	-
Current Income Taxes Payable	16.79	10.66	25.46	15.18	18.37	14.45
Current Unearned Revenue	145.96	113.72	27.68	93.13	35.19	60.97
Other Current Liabilities	90.12	112.34	116.57	117.77	127.79	175.11
Total Current Liabilities	1,699	2,090	1,989	1,610	1,534	1,330
Long-Term Debt	536.7	562.48	601.29	706.89	708.01	342.86
Long-Term Leases	254.74	287.84	328.93	358.7	53.53	173.44
Long-Term Unearned Revenue	22.72	23.93	21.41	28.98	38.47	81.81
Long-Term Deferred Tax Liabilities	32.52	33.25	33.49	31.41	28.66	9.27
Other Long-Term Liabilities	19.04	16.35	17.98	16.14	21.28	43.39
Total Liabilities	2,565	3,014	2,992	2,752	2,384	1,981
Common Stock	255.32	255.32	255.32	255.32	202.3	202.3
Additional Paid-In Capital	564.38	564.38	657.27	657.25	291.87	339.63
Retained Earnings	743.7	698.07	853.3	738.42	667.39	494.35
Comprehensive Income & Other	-	-1.7	10.36	10.36	10.08	-1.7
Total Common Equity	1,563	1,516	1,776	1,661	1,172	1,035
Minority Interest	97.93	101.78	132.13	129.01	143.45	129.35
Shareholders' Equity	1,661	1,618	1,908	1,790	1,315	1,164
Total Liabilities & Equity	4,226	4,632	4,900	4,543	3,699	3,145
Total Debt	1,512	1,779	1,815	1,699	1,449	874.65
Net Cash (Debt)	-1,197	-1,108	-1,143	-1,108	-1,158	-640.83
Net Cash Per Share	-4.46	-4.36	-4.48	-4.51	-5.71	-3.17
Filing Date Shares Outstanding	255.32	255.32	255.32	255.32	255.32	202.3
Total Common Shares Outstanding	255.32	255.32	255.32	255.32	202.3	202.3
Working Capital	402.13	378.32	733.78	687.07	-17.94	-93.94
Book Value Per Share	6.12	5.94	6.96	6.51	5.79	5.11
Tangible Book Value	529.92	446.36	609.55	450.55	-6.75	-72.24
Tangible Book Value Per Share	2.08	1.75	2.39	1.76	-0.03	-0.36
Buildings	-	238.69	204.48	201.1	25.84	21.39
Machinery	-	161.48	124.79	117.31	51.29	40.18
Construction In Progress	-	0.62	0.75	4.22	192.1	48.09
Order Backlog	-	894.67	-	-	-	-

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