GEPIC Energy Development Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	3,486	2,396	2,071	1,733	507.86	1,444
Accounts Receivable	2,691	2,939	2,687	1,709	1,644	1,587
Other Receivables	-	-	-	0.02	0.33	0.24
Inventory	265.46	157.53	210.05	11.73	10.22	5.28
Prepaid Expenses	-	45.29	0.49	1.1	4.63	-
Other Current Assets	391.84	280.61	293.98	389.35	50.31	54.15
Total Current Assets	6,834	5,819	5,262	3,844	2,217	3,090
Property, Plant & Equipment	29,597	27,822	26,435	16,909	14,305	14,857
Goodwill	18.12	18.12	18.12	18.12	18.12	18.12
Other Intangible Assets	254.17	259.61	264.68	202.45	202.63	206.02
Long-Term Investments	1,082	1,079	1,007	801.96	781.75	718.53
Long-Term Deferred Tax Assets	17.6	17.63	16.62	17	8.99	18.21
Long-Term Deferred Charges	0.31	0.35	0.4	0.75	0.83	-
Long-Term Accounts Receivable	-	-	-	14.24	14.24	14.24
Other Long-Term Assets	711.67	876.77	920.74	35.08	234.61	114.82
Total Assets	38,515	35,892	33,925	21,843	17,784	19,037
Accounts Payable	1,262	1,076	1,911	1,179	218.95	186.88
Accrued Expenses	75.6	140.59	146.31	85.3	66.71	74.39
Short-Term Debt	1,121	220.15	310.14	129.94	139.98	521.78
Current Portion of Long-Term Debt	2,202	1,841	1,230	2,273	1,513	1,064
Current Unearned Revenue	1.03	0.33	0.91	-	-	0.09
Current Portion of Leases	-	40.97	51.37	8.89	1.94	-
Current Income Taxes Payable	223.32	11.28	75.48	9	6.3	13.38
Other Current Liabilities	1,022	897.48	783.79	362.37	116.98	127.41
Total Current Liabilities	5,907	4,228	4,509	4,047	2,064	1,988
Long-Term Debt	14,563	14,906	15,481	8,194	7,561	9,428
Long-Term Leases	148.63	178.74	212.99	215.76	58.85	96.98
Long-Term Unearned Revenue	3.9	2.07	-	-	-	0.58
Long-Term Deferred Tax Liabilities	7.13	6.3	5.96	6.01	0.61	-
Other Long-Term Liabilities	-	4.93	3.05	3.65	12.36	28.89
Total Liabilities	20,629	19,326	20,211	12,467	9,696	11,543
Common Stock	3,244	3,244	1,601	1,601	1,360	1,360
Additional Paid-In Capital	6,065	6,064	6,431	4,495	3,540	3,527
Retained Earnings	5,278	4,255	3,271	2,152	1,904	1,820
Comprehensive Income & Other	3.92	3.92	9.82	10.28	10.05	8.15
Total Common Equity	14,590	13,567	11,312	8,257	6,814	6,715
Minority Interest	3,295	2,999	2,401	1,119	1,274	779.43
Shareholders' Equity	17,886	16,566	13,714	9,376	8,088	7,495
Total Liabilities & Equity	38,515	35,892	33,925	21,843	17,784	19,037
Total Debt	18,034	17,187	17,285	10,822	9,274	11,111
Net Cash (Debt)	-14,548	-14,791	-15,214	-9,088	-8,766	-9,667
Net Cash Per Share	-4.53	-4.77	-4.90	-6.68	-6.45	-7.11
Filing Date Shares Outstanding	3,244	3,244	1,601	1,601	1,360	1,360
Total Common Shares Outstanding	3,244	3,244	1,601	1,601	1,360	1,360
Working Capital	927.1	1,591	753.09	-203.18	153.75	1,102
Book Value Per Share	4.50	4.18	7.07	5.16	5.01	4.94
Tangible Book Value	14,318	13,289	11,029	8,037	6,593	6,491
Tangible Book Value Per Share	4.41	4.10	6.89	5.02	4.85	4.77
Buildings	-	15,922	15,889	12,946	12,833	11,767
Machinery	-	21,476	21,340	11,204	10,262	10,020
Construction In Progress	-	3,047	425.86	2,354	97.87	1,254

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