Shenzhen Nanshan Power 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	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	171.13	141.59	478.98	316.19	675.5	689.6
Short-Term Investments	-	238.23	232.17	225.28	180.5	-
Trading Asset Securities	403.48	341	-	226	440.01	632.87
Accounts Receivable	98.75	131.27	67.91	112.06	136.05	74.65
Other Receivables	361.97	361.73	131.83	19.23	18.31	27.04
Inventory	40.1	37.97	80.23	86.16	85.28	88.5
Other Current Assets	275.88	39.08	97.01	34.46	53.2	395.09
Total Current Assets	1,351	1,291	1,088	1,019	1,589	1,908
Property, Plant & Equipment	567.23	576.8	390.64	391.11	603.86	649.35
Other Intangible Assets	1.91	2.04	1.35	19.29	19.8	20.47
Long-Term Investments	415.34	431.01	445.39	390.62	384.11	207.6
Long-Term Deferred Tax Assets	4.26	4.26	0.63	1.17	1.17	1.11
Long-Term Deferred Charges	6.04	6.57	5.8	3.89	1.22	1.72
Other Long-Term Assets	2.62	2.19	80.8	223.91	7.2	2.01
Total Assets	2,349	2,314	2,013	2,049	2,606	2,790
Accounts Payable	40.88	42.66	14.02	4.34	142.53	172.45
Accrued Expenses	4.35	41.31	35.24	50.23	40.1	52.81
Short-Term Debt	172.12	172.09	268.62	341.24	879.96	858.44
Current Portion of Long-Term Debt	4.86	4.16	-	1.4	-	-
Current Unearned Revenue	5.08	0.13	0.05	-	-	-
Current Portion of Leases	-	3.18	4.47	2.53	6.01	-
Current Income Taxes Payable	9.7	0.59	9.14	-	-	-
Other Current Liabilities	66.5	27.14	109.63	13.07	17.32	24.82
Total Current Liabilities	303.48	291.27	441.16	412.81	1,086	1,109
Long-Term Debt	168.32	168.42	-	58.83	28.02	-
Long-Term Leases	24.82	24.67	2.13	-	2.26	-
Long-Term Unearned Revenue	40.33	41.91	61.52	67.87	82.15	88.08
Long-Term Deferred Tax Liabilities	14.29	9.85	-	-	-	-
Other Long-Term Liabilities	0.36	0.36	-	119.05	15.05	15.05
Total Liabilities	551.6	536.48	504.81	658.55	1,213	1,212
Common Stock	602.76	602.76	602.76	602.76	602.76	602.76
Additional Paid-In Capital	362.77	233.04	233.04	233.04	233.04	233.04
Retained Earnings	692.58	680.97	518.16	496.26	492.1	652.26
Comprehensive Income & Other	31.81	160.8	131.42	127.24	127.24	127.24
Total Common Equity	1,690	1,678	1,485	1,459	1,455	1,615
Minority Interest	107.19	99.71	22.54	-68.48	-62.31	-36.95
Shareholders' Equity	1,797	1,777	1,508	1,391	1,393	1,578
Total Liabilities & Equity	2,349	2,314	2,013	2,049	2,606	2,790
Total Debt	370.11	372.52	275.21	403.99	916.25	858.44
Net Cash (Debt)	204.5	348.3	435.94	363.47	379.75	464.03
Net Cash Growth	95.32%	-20.10%	19.94%	-4.29%	-18.16%	-30.19%
Net Cash Per Share	0.34	0.58	0.72	0.60	0.63	0.77
Filing Date Shares Outstanding	601.27	602.76	602.76	602.76	602.76	602.76
Total Common Shares Outstanding	601.27	602.76	602.76	602.76	602.76	602.76
Working Capital	1,048	999.61	646.97	606.57	502.93	799.22
Book Value Per Share	2.81	2.78	2.46	2.42	2.41	2.68
Tangible Book Value	1,688	1,676	1,484	1,440	1,435	1,595
Tangible Book Value Per Share	2.81	2.78	2.46	2.39	2.38	2.65
Buildings	-	299.34	276.87	277.04	401.58	403.54
Machinery	-	1,788	1,615	1,593	2,436	2,829
Construction In Progress	-	3.11	6.98	3.45	4.86	6.09