Shenzhen Nanshan Power 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	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	141.59	478.98	316.19	675.5	689.6
Short-Term Investments	-	232.17	225.28	180.5	-
Trading Asset Securities	341	-	226	440.01	632.87
Accounts Receivable	131.27	67.91	112.06	136.05	74.65
Other Receivables	361.73	131.83	19.23	18.31	27.04
Inventory	37.97	80.23	86.16	85.28	88.5
Other Current Assets	277.32	97.01	34.46	53.2	395.09
Total Current Assets	1,291	1,088	1,019	1,589	1,908
Property, Plant & Equipment	576.8	390.64	391.11	603.86	649.35
Other Intangible Assets	2.04	1.35	19.29	19.8	20.47
Long-Term Investments	431.01	445.39	390.62	384.11	207.6
Long-Term Deferred Tax Assets	4.26	0.63	1.17	1.17	1.11
Long-Term Deferred Charges	6.57	5.8	3.89	1.22	1.72
Other Long-Term Assets	2.19	80.8	223.91	7.2	2.01
Total Assets	2,314	2,013	2,049	2,606	2,790
Accounts Payable	42.66	14.02	4.34	142.53	172.45
Accrued Expenses	33.29	35.24	50.23	40.1	52.81
Short-Term Debt	172.09	268.62	341.24	879.96	858.44
Current Portion of Long-Term Debt	-	-	1.4	-	-
Current Unearned Revenue	0.13	0.05	-	-	-
Current Portion of Leases	-	4.47	2.53	6.01	-
Current Income Taxes Payable	-	9.14	-	-	-
Other Current Liabilities	43.09	109.63	13.07	17.32	24.82
Total Current Liabilities	291.27	441.16	412.81	1,086	1,109
Long-Term Debt	168.42	-	58.83	28.02	-
Long-Term Leases	24.67	2.13	-	2.26	-
Long-Term Unearned Revenue	41.91	61.52	67.87	82.15	88.08
Long-Term Deferred Tax Liabilities	9.85	-	-	-	-
Other Long-Term Liabilities	0.36	-	119.05	15.05	15.05
Total Liabilities	536.48	504.81	658.55	1,213	1,212
Common Stock	602.76	602.76	602.76	602.76	602.76
Additional Paid-In Capital	362.77	233.04	233.04	233.04	233.04
Retained Earnings	680.97	518.16	496.26	492.1	652.26
Comprehensive Income & Other	31.06	131.42	127.24	127.24	127.24
Total Common Equity	1,678	1,485	1,459	1,455	1,615
Minority Interest	99.71	22.54	-68.48	-62.31	-36.95
Shareholders' Equity	1,777	1,508	1,391	1,393	1,578
Total Liabilities & Equity	2,314	2,013	2,049	2,606	2,790
Total Debt	365.18	275.21	403.99	916.25	858.44
Net Cash (Debt)	117.41	435.94	363.47	379.75	464.03
Net Cash Growth	-73.07%	19.94%	-4.29%	-18.16%	-30.19%
Net Cash Per Share	0.19	0.72	0.60	0.63	0.77
Filing Date Shares Outstanding	603.2	602.76	602.76	602.76	602.76
Total Common Shares Outstanding	603.2	602.76	602.76	602.76	602.76
Working Capital	999.61	646.97	606.57	502.93	799.22
Book Value Per Share	2.78	2.46	2.42	2.41	2.68
Tangible Book Value	1,676	1,484	1,440	1,435	1,595
Tangible Book Value Per Share	2.78	2.46	2.39	2.38	2.65
Buildings	-	276.87	277.04	401.58	403.54
Machinery	-	1,615	1,593	2,436	2,829
Construction In Progress	-	6.98	3.45	4.86	6.09

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