Henan Lantian 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	635.67	560.33	1,262	1,717	1,213	1,188
Accounts Receivable	167.09	182.56	171.37	143.47	163.83	86.77
Other Receivables	18.32	5.54	9.28	5.1	2.1	8.24
Inventory	241.12	225.16	215.2	194.99	197.59	134.96
Prepaid Expenses	-	-	49.32	32.98	29.51	27.37
Other Current Assets	393.03	484.9	158.94	231.57	203.72	233.63
Total Current Assets	1,455	1,458	1,866	2,325	1,809	1,679
Property, Plant & Equipment	3,172	3,154	3,074	3,055	3,059	2,710
Goodwill	225.12	225.12	225.12	225.12	225.12	19.4
Other Intangible Assets	818.89	828.06	870.76	913.77	952.15	216.98
Long-Term Investments	99.25	99.25	93.97	91.62	90.82	90.73
Long-Term Deferred Tax Assets	77.13	74.44	70.83	70.87	75.92	76.97
Other Long-Term Assets	65.71	81.07	14.54	35.99	36.74	354.36
Total Assets	5,913	5,921	6,216	6,718	6,249	5,147
Accounts Payable	178.98	170.24	228.06	210.76	367.85	320.55
Accrued Expenses	27.93	30.19	43.51	55.79	58.8	49.59
Short-Term Debt	675.8	675.43	620.47	430.48	610.81	761.01
Current Portion of Long-Term Debt	-	4.3	-	28	28	23
Current Unearned Revenue	452.69	525.58	491.55	669.15	781.73	679.27
Current Portion of Leases	-	-	2.49	1.46	2.57	0.83
Current Income Taxes Payable	-	17.4	12.26	14.75	14.27	16.99
Other Current Liabilities	83.7	94.84	92.48	101.88	136.72	97.9
Total Current Liabilities	1,419	1,518	1,491	1,512	2,001	1,949
Long-Term Debt	676.67	671.5	649.04	894.99	122	55.07
Long-Term Leases	1.22	0.61	1.55	2.23	2.91	1.51
Long-Term Unearned Revenue	195.21	197.26	202.36	205.96	204.59	200.15
Long-Term Deferred Tax Liabilities	182.09	182.4	191.81	201.82	212.72	31.02
Other Long-Term Liabilities	-	0.2	-	-	-	-
Total Liabilities	2,474	2,570	2,536	2,817	2,543	2,237
Common Stock	714.64	714.64	714.63	692.8	494.86	462.7
Additional Paid-In Capital	1,350	1,350	1,349	1,176	1,374	1,017
Retained Earnings	1,215	1,129	1,455	1,858	1,746	1,385
Comprehensive Income & Other	92.68	91.46	95.79	111.35	47.59	44.07
Total Common Equity	3,372	3,285	3,614	3,837	3,662	2,909
Minority Interest	66.29	65.63	66.12	63	43.77	1.31
Shareholders' Equity	3,439	3,351	3,680	3,900	3,706	2,910
Total Liabilities & Equity	5,913	5,921	6,216	6,718	6,249	5,147
Total Debt	1,354	1,352	1,274	1,357	766.28	841.42
Net Cash (Debt)	-718.02	-791.52	-11.26	359.45	446.3	346.57
Net Cash Growth	-	-	-	-19.46%	28.78%	-
Net Cash Per Share	-0.97	-1.07	-0.02	0.50	0.66	0.54
Filing Date Shares Outstanding	715.03	748.56	714.63	692.8	692.8	647.78
Total Common Shares Outstanding	715.03	748.56	714.63	692.8	692.8	647.78
Working Capital	36.14	-59.51	375.58	812.46	-191.42	-270.18
Book Value Per Share	4.72	4.39	5.06	5.54	5.29	4.49
Tangible Book Value	2,328	2,232	2,518	2,698	2,485	2,673
Tangible Book Value Per Share	3.26	2.98	3.52	3.89	3.59	4.13
Buildings	-	-	199.07	183.45	181.48	168.87
Machinery	-	-	220.41	216.32	207.09	191.9
Construction In Progress	-	-	146.45	81.54	552.59	350.16

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