Kingfore Energy Group 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	706.78	914.5	809.09	774.7	687.93	849.15
Trading Asset Securities	52.47	22.47	1.51	82.58	300.91	180.09
Accounts Receivable	380.05	363.8	415.5	361.48	284.01	215.61
Other Receivables	7.93	7.96	14.69	7.13	8.43	9.16
Inventory	63.91	37.71	38.39	38.09	12.76	12.77
Prepaid Expenses	-	6.06	5.81	2.59	7.25	0.64
Other Current Assets	80.28	111.66	96.6	57.44	56.71	75.65
Total Current Assets	1,291	1,464	1,382	1,324	1,358	1,343
Property, Plant & Equipment	633.13	660	612.65	393.39	358.81	319.7
Goodwill	5.32	5.32	5.32	10.93	10.93	0.87
Other Intangible Assets	153.17	157.03	160.38	91.12	82.99	41.33
Long-Term Investments	61.22	60.55	10.57	11.85	11.93	10.86
Long-Term Deferred Tax Assets	29.93	23.54	19	11.32	4.73	10.73
Long-Term Deferred Charges	43.7	49.71	66.57	65.44	73.2	69.43
Other Long-Term Assets	70.71	80.3	20.16	62.73	55.91	20.57
Total Assets	2,289	2,501	2,276	1,971	1,956	1,817
Accounts Payable	214.2	237.88	243.41	156.67	132.36	108.85
Accrued Expenses	20.38	21.31	19.65	23.38	25.81	26.1
Short-Term Debt	7.72	7.72	-	-	21.6	0.9
Current Portion of Long-Term Debt	4.18	2.73	-	-	4.01	-
Current Unearned Revenue	187.83	522.75	424.27	381.17	332.75	315.69
Current Portion of Leases	-	2.1	0.66	0.61	0.28	1.07
Current Income Taxes Payable	30.4	7.91	2.41	1.46	2.08	5.38
Other Current Liabilities	27.53	38.81	38.13	11.61	3.79	2.84
Total Current Liabilities	492.24	841.22	728.53	574.91	522.68	460.83
Long-Term Debt	41.99	40.85	-	-	3.85	-
Long-Term Leases	4.49	5.69	1.62	1.58	0.19	0.5
Long-Term Unearned Revenue	17.64	19.09	19.27	18.15	25.76	38.85
Long-Term Deferred Tax Liabilities	9.3	9.84	10.67	7.8	20.5	17.05
Other Long-Term Liabilities	160.46	157.49	174.94	81.57	62.54	51.64
Total Liabilities	726.12	1,074	935.03	684.03	635.52	568.87
Common Stock	156.81	156.81	130.68	108.9	90.75	90.75
Additional Paid-In Capital	572.63	572.63	598.76	620.54	644.37	644.37
Retained Earnings	744.88	612.18	522.2	491.56	529.25	483.04
Total Common Equity	1,474	1,342	1,252	1,221	1,264	1,218
Minority Interest	88.16	84.82	89.59	65.78	56.6	29.52
Shareholders' Equity	1,562	1,426	1,341	1,287	1,321	1,248
Total Liabilities & Equity	2,289	2,501	2,276	1,971	1,956	1,817
Total Debt	58.37	59.08	2.28	2.19	29.93	2.47
Net Cash (Debt)	700.88	877.89	808.32	855.09	958.91	1,027
Net Cash Growth	20.16%	8.61%	-5.47%	-10.83%	-6.61%	169.30%
Net Cash Per Share	4.47	5.60	5.15	5.25	6.12	7.67
Filing Date Shares Outstanding	156.82	156.81	156.81	156.81	156.81	156.81
Total Common Shares Outstanding	156.82	156.81	156.81	156.81	156.81	156.81
Working Capital	799.18	622.95	653.07	749.1	835.32	882.23
Book Value Per Share	9.40	8.56	7.98	7.79	8.06	7.77
Tangible Book Value	1,316	1,179	1,086	1,119	1,170	1,176
Tangible Book Value Per Share	8.39	7.52	6.93	7.14	7.46	7.50
Buildings	-	29.74	26.18	19.64	18.95	6.27
Machinery	-	83.65	58.99	21.25	20.09	17.41
Construction In Progress	-	103.78	81.69	87.91	48.97	96.06

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