Farasis Energy (Gan Zhou) Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	-	6,175	11,328	11,315	4,978
Trading Asset Securities	-	84.52	136.52	122.11	598.92
Cash & Short-Term Investments	4,881	6,259	11,464	11,438	5,577
Cash Growth	-22.01%	-45.40%	0.24%	105.07%	-4.43%
Accounts Receivable	-	2,826	3,927	1,932	1,837
Other Receivables	-	339.15	98.88	31.11	105.56
Receivables	-	3,165	4,026	1,963	1,943
Inventory	-	2,718	3,599	7,279	2,855
Other Current Assets	-	798.37	651.25	1,029	1,080
Total Current Assets	-	12,940	19,740	21,709	11,455
Property, Plant & Equipment	-	10,873	8,281	8,252	7,574
Long-Term Investments	-	817.1	581.05	1,013	855.72
Other Intangible Assets	-	625.44	365.01	334.15	330.85
Long-Term Deferred Tax Assets	-	940.18	829.92	585.5	364.89
Long-Term Deferred Charges	-	89.29	103.18	50.53	26.66
Other Long-Term Assets	-	341.55	244.36	182.86	329.39
Total Assets	-	26,627	30,145	32,127	20,936
Accounts Payable	-	5,702	9,985	11,603	5,287
Accrued Expenses	-	517.97	544.68	482.66	225.62
Short-Term Debt	-	1,861	1,909	2,132	-
Current Portion of Long-Term Debt	-	1,355	1,268	824.31	535.18
Current Portion of Leases	-	12.83	5.29	6.54	5.28
Current Income Taxes Payable	-	5.48	18.48	9.23	12.32
Current Unearned Revenue	-	270.65	72.02	107.06	954.78
Other Current Liabilities	-	1,633	1,671	2,013	1,656
Total Current Liabilities	-	11,358	15,474	17,177	8,676
Long-Term Debt	-	819.74	1,174	1,892	2,191
Long-Term Leases	-	3,350	1,619	8.02	8.96
Long-Term Unearned Revenue	-	377.17	677.1	571.11	585.72
Long-Term Deferred Tax Liabilities	-	10.41	18.32	53.25	63.13
Other Long-Term Liabilities	-	799.97	797.97	409.09	137.73
Total Liabilities	-	16,716	19,760	20,111	11,662
Common Stock	-	1,222	1,222	1,218	1,071
Additional Paid-In Capital	-	12,929	13,078	12,885	9,363
Retained Earnings	-	-4,270	-3,938	-2,070	-1,143
Comprehensive Income & Other	-	30.24	22.43	-15.71	-16.34
Total Common Equity	9,623	9,912	10,385	12,017	9,274
Minority Interest	-	-	-	-	-0.03
Shareholders' Equity	9,623	9,912	10,385	12,017	9,274
Total Liabilities & Equity	-	26,627	30,145	32,127	20,936
Total Debt	6,844	7,399	5,975	4,862	2,740
Net Cash (Debt)	-1,963	-1,140	5,490	6,575	2,837
Net Cash Growth	-	-	-16.51%	131.77%	-32.19%
Net Cash Per Share	-1.61	-0.93	4.50	6.10	2.65
Filing Date Shares Outstanding	1,222	1,222	1,222	1,218	1,071
Total Common Shares Outstanding	1,222	1,222	1,222	1,218	1,071
Working Capital	-	1,582	4,266	4,532	2,779
Book Value Per Share	7.87	8.11	8.50	9.87	8.66
Tangible Book Value	8,981	9,286	10,020	11,682	8,943
Tangible Book Value Per Share	7.35	7.60	8.20	9.59	8.35
Buildings	-	3,201	2,558	2,395	2,403
Machinery	-	7,458	7,251	6,539	4,554
Construction In Progress	-	2,888	519.7	619.78	1,307

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.