Farasis Energy (Gan Zhou) 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	4,448	5,449	6,175	11,328	11,315	4,978
Trading Asset Securities	59.67	81.29	84.52	136.52	122.11	598.92
Cash & Short-Term Investments	4,507	5,530	6,259	11,464	11,438	5,577
Cash Growth	-30.07%	-11.65%	-45.40%	0.24%	105.07%	-4.43%
Accounts Receivable	1,711	1,664	2,826	3,927	1,932	1,837
Other Receivables	244.59	203.65	339.15	98.88	31.11	105.56
Receivables	1,956	1,868	3,165	4,026	1,963	1,943
Inventory	2,095	2,039	2,718	3,599	7,279	2,855
Other Current Assets	476.99	456.88	798.37	651.25	1,029	1,080
Total Current Assets	9,034	9,894	12,940	19,740	21,709	11,455
Property, Plant & Equipment	10,182	10,147	10,873	8,281	8,252	7,574
Long-Term Investments	945.98	847.83	817.1	581.05	1,013	855.72
Other Intangible Assets	630.69	640.73	625.44	365.01	334.15	330.85
Long-Term Deferred Tax Assets	875.82	887.18	940.18	829.92	585.5	364.89
Long-Term Deferred Charges	59.7	65.69	89.29	103.18	50.53	26.66
Other Long-Term Assets	69.01	320.11	341.55	244.36	182.86	329.39
Total Assets	21,797	22,802	26,627	30,145	32,127	20,936
Accounts Payable	2,775	3,294	5,702	9,985	11,603	5,287
Accrued Expenses	113.12	423.62	517.97	544.68	482.66	225.62
Short-Term Debt	2,003	2,185	1,861	1,909	2,132	-
Current Portion of Long-Term Debt	922.22	753.21	711.43	705.87	824.31	535.18
Current Portion of Leases	-	5.79	12.83	567.31	6.54	5.28
Current Income Taxes Payable	111.62	0.27	5.48	18.48	9.23	12.32
Current Unearned Revenue	81.28	199.96	270.65	72.02	107.06	954.78
Other Current Liabilities	1,534	1,944	2,277	1,671	2,013	1,656
Total Current Liabilities	7,541	8,806	11,358	15,474	17,177	8,676
Long-Term Debt	1,088	587.63	819.74	1,174	1,892	2,191
Long-Term Leases	2,997	1,346	1,638	1,619	8.02	8.96
Long-Term Unearned Revenue	382.73	391.7	377.17	677.1	571.11	585.72
Long-Term Deferred Tax Liabilities	16.92	16.87	10.41	18.32	53.25	63.13
Other Long-Term Liabilities	642.41	2,389	2,512	797.97	409.09	137.73
Total Liabilities	12,668	13,538	16,716	19,760	20,111	11,662
Common Stock	1,222	1,222	1,222	1,222	1,218	1,071
Additional Paid-In Capital	12,929	12,929	12,929	13,078	12,885	9,363
Retained Earnings	-5,156	-5,016	-4,270	-3,938	-2,070	-1,143
Comprehensive Income & Other	134.25	129.7	30.24	22.43	-15.71	-16.34
Total Common Equity	9,129	9,265	9,912	10,385	12,017	9,274
Minority Interest	-	-	-	-	-	-0.03
Shareholders' Equity	9,129	9,265	9,912	10,385	12,017	9,274
Total Liabilities & Equity	21,797	22,802	26,627	30,145	32,127	20,936
Total Debt	7,011	4,877	5,043	5,975	4,862	2,740
Net Cash (Debt)	-2,503	652.74	1,216	5,490	6,575	2,837
Net Cash Growth	-	-46.33%	-77.85%	-16.51%	131.77%	-32.19%
Net Cash Per Share	-2.04	0.53	0.99	4.50	6.10	2.65
Filing Date Shares Outstanding	1,222	1,222	1,222	1,222	1,218	1,071
Total Common Shares Outstanding	1,222	1,222	1,222	1,222	1,218	1,071
Working Capital	1,494	1,088	1,582	4,266	4,532	2,779
Book Value Per Share	7.47	7.58	8.11	8.50	9.87	8.66
Tangible Book Value	8,499	8,624	9,286	10,020	11,682	8,943
Tangible Book Value Per Share	6.95	7.06	7.60	8.20	9.59	8.35
Buildings	-	4,577	3,201	2,558	2,395	2,403
Machinery	-	9,118	7,458	7,251	6,539	4,554
Construction In Progress	-	56.89	2,888	519.7	619.78	1,307