Shenzhen Energy Group 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	10,870	8,621	7,795	8,763	7,374	6,944
Short-Term Investments	9,417	10,132	4,500	7,051	5,321	2,370
Trading Asset Securities	3,743	2,350	2,306	1,453	1,061	476.65
Accounts Receivable	15,662	14,439	14,686	13,572	13,167	10,756
Other Receivables	583.2	1,351	1,188	1,233	750.59	2,175
Inventory	1,273	1,119	1,207	1,370	1,562	1,573
Restricted Cash	-	1,092	1,025	814.31	997.95	822.61
Other Current Assets	2,805	1,749	1,527	1,305	1,691	1,542
Total Current Assets	44,354	40,853	34,233	35,561	31,925	26,661
Property, Plant & Equipment	83,275	82,767	80,096	73,057	66,820	65,142
Goodwill	2,951	2,951	3,054	2,869	2,856	2,727
Other Intangible Assets	22,432	22,498	21,263	20,007	18,163	16,446
Long-Term Investments	13,296	13,844	13,150	11,961	11,495	11,897
Long-Term Deferred Tax Assets	846.01	826.15	895.55	955.84	946.26	839.74
Long-Term Deferred Charges	429.29	485.27	599.77	583.69	503.84	392.16
Long-Term Accounts Receivable	1,535	1,543	1,529	904.99	517.25	-
Other Long-Term Assets	5,766	6,179	6,550	7,560	8,041	7,844
Total Assets	174,885	171,946	161,371	153,459	141,267	131,948
Accounts Payable	3,528	2,300	2,613	2,437	3,299	2,410
Accrued Expenses	2,263	3,384	2,717	2,515	2,329	2,165
Short-Term Debt	10,202	7,443	5,077	10,444	5,239	5,761
Current Portion of Long-Term Debt	8,788	10,013	10,396	5,417	8,315	4,262
Current Unearned Revenue	996.14	1,034	1,187	627.83	581.96	791.48
Current Portion of Leases	-	282.98	265.44	291.44	186.9	239.11
Current Income Taxes Payable	748.14	255.16	282.64	415.47	357.92	249.76
Other Current Liabilities	10,315	13,373	13,887	12,446	10,946	11,618
Total Current Liabilities	36,841	38,085	36,425	34,593	31,255	27,496
Long-Term Debt	66,344	64,541	62,499	58,896	51,252	50,165
Long-Term Leases	612.29	1,130	1,347	1,280	1,569	1,647
Long-Term Unearned Revenue	67.22	654.29	722.44	716.47	723.86	651.52
Pension & Post-Retirement Benefits	97.03	97.03	97.03	97.03	102.28	47.28
Long-Term Deferred Tax Liabilities	1,626	1,758	1,814	1,793	1,986	2,037
Other Long-Term Liabilities	909.52	327.21	261.93	257.39	58.64	55.48
Total Liabilities	106,498	106,593	103,166	97,632	86,946	82,098
Common Stock	4,757	4,757	4,757	4,757	4,757	4,757
Additional Paid-In Capital	5,210	5,212	4,732	4,659	4,502	3,958
Retained Earnings	20,971	19,799	18,838	17,346	16,715	16,116
Comprehensive Income & Other	22,016	20,561	20,088	19,954	20,221	20,740
Total Common Equity	52,955	50,329	48,416	46,717	46,195	45,572
Minority Interest	15,432	15,024	9,789	9,111	8,126	4,278
Shareholders' Equity	68,387	65,354	58,205	55,828	54,321	49,850
Total Liabilities & Equity	174,885	171,946	161,371	153,459	141,267	131,948
Total Debt	85,947	83,410	79,585	76,327	66,562	62,073
Net Cash (Debt)	-61,917	-62,307	-64,985	-59,060	-52,805	-52,282
Net Cash Per Share	-13.02	-13.10	-13.66	-12.41	-11.10	-10.99
Filing Date Shares Outstanding	4,757	4,757	4,757	4,757	4,757	4,757
Total Common Shares Outstanding	4,757	4,757	4,757	4,757	4,757	4,757
Working Capital	7,512	2,767	-2,192	968.14	670.1	-835.12
Book Value Per Share	7.03	6.90	6.50	6.14	5.93	5.80
Tangible Book Value	27,571	24,880	24,099	23,841	25,177	26,399
Tangible Book Value Per Share	1.70	1.55	1.39	1.33	1.51	1.77
Buildings	-	22,793	22,104	20,668	20,285	19,456
Machinery	-	86,792	79,189	70,684	69,886	65,898
Construction In Progress	-	10,146	12,375	14,223	6,365	6,121

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