SPIC Green Energy 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	2,815	859.62	1,100	1,348	931.84	500.81
Trading Asset Securities	2	1	1	1	-	-
Accounts Receivable	10,649	10,372	8,484	8,741	8,425	7,188
Other Receivables	190.58	182.83	151.11	1,178	1,208	93.77
Inventory	296.05	305.36	141.15	266.44	411.18	289.74
Prepaid Expenses	-	-	-	-	2.25	0.38
Other Current Assets	837.04	883.89	1,151	212.87	964.74	974.05
Total Current Assets	14,789	12,605	11,028	11,749	11,943	9,047
Property, Plant & Equipment	65,433	63,039	59,211	55,498	51,374	43,583
Goodwill	4.62	4.62	4.62	4.62	54.39	87.11
Other Intangible Assets	2,061	1,830	1,721	906.05	822.13	678.69
Long-Term Investments	1,599	1,556	1,520	1,275	842.55	740.57
Long-Term Deferred Tax Assets	133.34	119.09	90.25	282.81	74.74	38.19
Long-Term Deferred Charges	389.06	408.66	324.87	250.76	45.64	398.14
Other Long-Term Assets	3,443	3,401	2,852	1,746	1,668	1,518
Total Assets	87,853	82,964	76,751	71,712	66,825	56,090
Accounts Payable	3,436	3,524	3,285	3,477	3,130	2,994
Accrued Expenses	14.43	61.73	152.7	106.59	94.07	71.43
Short-Term Debt	4,761	6,821	7,074	6,791	13,564	9,549
Current Portion of Long-Term Debt	7,508	11,015	4,327	4,841	2,891	3,164
Current Unearned Revenue	132.02	424.39	390.4	366.71	361.73	285.1
Current Portion of Leases	-	207.37	832.68	303.05	27.21	97.38
Current Income Taxes Payable	152.85	86.53	77.05	77.91	65.77	61.66
Other Current Liabilities	1,982	1,192	1,314	1,358	1,290	1,046
Total Current Liabilities	17,987	23,332	17,453	17,322	21,423	17,268
Long-Term Debt	36,892	30,788	36,460	31,188	26,310	22,625
Long-Term Leases	5,602	3,507	2,711	2,837	692.14	-
Long-Term Unearned Revenue	111.57	309.22	248.96	61.22	68.76	43.12
Long-Term Deferred Tax Liabilities	121.56	126	140.62	340.89	167.21	118.06
Other Long-Term Liabilities	1.53	1.79	1.8	18.43	3,811	4,739
Total Liabilities	60,716	58,064	57,016	51,768	52,472	44,793
Common Stock	3,627	3,627	2,790	2,790	2,790	2,146
Additional Paid-In Capital	10,386	10,386	7,038	7,038	7,054	5,501
Retained Earnings	3,366	2,714	1,941	1,339	661.95	161.91
Comprehensive Income & Other	83.68	30.77	29.61	10.7	-	-
Total Common Equity	17,462	16,757	11,799	11,178	10,506	7,809
Minority Interest	9,675	8,143	7,937	8,766	3,848	3,488
Shareholders' Equity	27,137	24,900	19,736	19,944	14,354	11,297
Total Liabilities & Equity	87,853	82,964	76,751	71,712	66,825	56,090
Total Debt	54,764	52,339	51,405	45,961	43,484	35,434
Net Cash (Debt)	-51,947	-51,478	-50,304	-44,612	-42,552	-34,933
Net Cash Per Share	-14.76	-17.80	-18.27	-15.87	-16.17	-16.08
Filing Date Shares Outstanding	3,627	3,627	2,790	2,790	2,790	2,146
Total Common Shares Outstanding	3,627	3,627	2,790	2,790	2,790	2,146
Working Capital	-3,197	-10,727	-6,425	-5,573	-9,479	-8,222
Book Value Per Share	4.81	4.62	4.23	4.01	3.77	3.64
Tangible Book Value	15,396	14,922	10,073	10,267	9,629	7,043
Tangible Book Value Per Share	4.24	4.11	3.61	3.68	3.45	3.28
Buildings	-	9,009	8,140	7,687	7,335	7,401
Machinery	-	73,031	68,132	63,414	54,732	42,563
Construction In Progress	-	7,337	5,993	4,200	5,907	8,637

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.