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 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	2,214	2,302	859.62	1,100	1,348	931.84
Trading Asset Securities	2	2	1	1	1	-
Accounts Receivable	11,344	10,660	10,372	8,484	8,741	8,425
Other Receivables	285.28	291.74	182.83	151.11	1,178	1,208
Inventory	148.15	291.77	305.36	141.15	266.44	411.18
Prepaid Expenses	-	24.55	26.51	-	-	2.25
Other Current Assets	697.99	738.1	857.38	1,151	212.87	964.74
Total Current Assets	14,691	14,310	12,605	11,028	11,749	11,943
Property, Plant & Equipment	66,918	66,887	63,039	59,211	55,498	51,374
Goodwill	4.62	4.62	4.62	4.62	4.62	54.39
Other Intangible Assets	2,030	2,055	1,830	1,721	906.05	822.13
Long-Term Investments	1,658	1,594	1,556	1,520	1,275	842.55
Long-Term Deferred Tax Assets	136.66	136.16	119.09	90.25	282.81	74.74
Long-Term Deferred Charges	431.46	422.88	408.66	324.87	250.76	45.64
Other Long-Term Assets	3,753	3,366	3,401	2,852	1,746	1,668
Total Assets	89,622	88,775	82,964	76,751	71,712	66,825
Accounts Payable	3,913	3,978	3,524	3,285	3,477	3,130
Accrued Expenses	17.94	79.66	61.73	152.7	106.59	94.07
Short-Term Debt	10,955	9,445	6,821	7,074	6,791	13,564
Current Portion of Long-Term Debt	7,905	5,536	11,015	4,327	4,841	2,891
Current Unearned Revenue	179.36	498.03	424.39	390.4	366.71	361.73
Current Portion of Leases	-	889.87	207.37	832.68	303.05	27.21
Current Income Taxes Payable	212.19	115.91	86.53	77.05	77.91	65.77
Other Current Liabilities	1,136	1,339	1,192	1,314	1,358	1,290
Total Current Liabilities	24,319	21,883	23,332	17,453	17,322	21,423
Long-Term Debt	31,217	33,926	30,788	36,460	31,188	26,310
Long-Term Leases	6,623	5,621	3,507	2,711	2,837	692.14
Long-Term Unearned Revenue	110.38	212.92	309.22	248.96	61.22	68.76
Long-Term Deferred Tax Liabilities	106.73	110.23	126	140.62	340.89	167.21
Other Long-Term Liabilities	5.39	5.08	1.79	1.8	18.43	3,811
Total Liabilities	62,382	61,758	58,064	57,016	51,768	52,472
Common Stock	3,627	3,627	3,627	2,790	2,790	2,790
Additional Paid-In Capital	10,587	10,587	10,386	7,038	7,038	7,054
Retained Earnings	3,296	3,022	2,714	1,941	1,339	661.95
Comprehensive Income & Other	65.06	36.74	30.77	29.61	10.7	-
Total Common Equity	17,576	17,273	16,757	11,799	11,178	10,506
Minority Interest	9,665	9,744	8,143	7,937	8,766	3,848
Shareholders' Equity	27,240	27,017	24,900	19,736	19,944	14,354
Total Liabilities & Equity	89,622	88,775	82,964	76,751	71,712	66,825
Total Debt	56,701	55,418	52,339	51,405	45,961	43,484
Net Cash (Debt)	-54,485	-53,115	-51,478	-50,304	-44,612	-42,552
Net Cash Per Share	-15.06	-14.44	-17.80	-18.27	-15.87	-16.17
Filing Date Shares Outstanding	3,627	3,627	3,627	2,790	2,790	2,790
Total Common Shares Outstanding	3,627	3,627	3,627	2,790	2,790	2,790
Working Capital	-9,628	-7,573	-10,727	-6,425	-5,573	-9,479
Book Value Per Share	4.85	4.76	4.62	4.23	4.01	3.77
Tangible Book Value	15,541	15,213	14,922	10,073	10,267	9,629
Tangible Book Value Per Share	4.28	4.19	4.11	3.61	3.68	3.45
Buildings	-	10,048	9,009	8,140	7,687	7,335
Machinery	-	82,278	73,031	68,132	63,414	54,732
Construction In Progress	-	4,721	7,337	5,993	4,200	5,907

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Utility template. Financial Sources.