Shaanxi Energy Investment 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	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Cash & Equivalents	6,491	6,073	5,119	5,748	3,464	3,882
Accounts Receivable	2,733	2,478	2,412	2,023	1,829	1,734
Other Receivables	171.59	159.65	189.04	37.81	43.83	87.38
Inventory	319.06	416.17	546.75	454.1	403.62	460.97
Other Current Assets	624.95	563.48	749.79	724.53	698.12	1,308
Total Current Assets	10,340	9,690	9,016	8,988	6,438	7,473
Property, Plant & Equipment	53,092	52,640	46,400	42,621	38,692	37,307
Goodwill	196.34	196.34	196.34	196.34	196.43	196.64
Other Intangible Assets	8,218	8,531	8,689	7,531	7,341	7,214
Long-Term Investments	2,838	2,733	2,613	2,503	1,793	1,751
Long-Term Deferred Tax Assets	640.14	651.53	575.12	597.29	598.25	532.49
Long-Term Deferred Charges	125.89	25.32	15.95	10.21	9.92	9.82
Other Long-Term Assets	1,127	763.38	709	593.4	1,261	1,022
Total Assets	76,577	75,231	68,215	63,040	56,330	55,506
Accounts Payable	6,045	6,838	5,590	4,510	3,814	4,414
Accrued Expenses	373.95	709.71	653.03	609	663.45	803.49
Short-Term Debt	4,474	4,587	2,951	2,179	2,504	6,037
Current Portion of Long-Term Debt	4,781	4,689	4,026	2,306	2,741	2,077
Current Unearned Revenue	225.86	232.99	168.65	159.07	241.58	141.97
Current Portion of Leases	-	156.61	476.53	611.74	583.18	567.9
Current Income Taxes Payable	666.98	315.21	134.06	148.48	54.53	42.28
Other Current Liabilities	1,154	1,220	1,361	1,125	1,516	1,242
Total Current Liabilities	17,720	18,749	15,360	11,648	12,118	15,326
Long-Term Debt	19,114	18,451	18,647	19,244	20,088	18,291
Long-Term Leases	1,405	1,387	740.36	1,234	1,665	2,061
Long-Term Unearned Revenue	156.42	161.97	159.24	116.78	122.16	108.56
Long-Term Deferred Tax Liabilities	338.33	345.88	213.74	186.92	150.35	53.2
Other Long-Term Liabilities	1,978	1,929	1,121	1,024	877.97	878.62
Total Liabilities	40,711	41,024	36,242	33,454	35,020	36,718
Common Stock	3,750	3,750	3,750	3,750	3,000	3,000
Additional Paid-In Capital	14,107	14,102	14,113	14,074	7,941	7,955
Retained Earnings	9,502	8,457	6,712	5,267	3,953	1,961
Comprehensive Income & Other	131.71	130.13	141.74	113.52	110.31	73.93
Total Common Equity	27,491	26,439	24,717	23,205	15,004	12,990
Minority Interest	8,375	7,768	7,256	6,382	6,305	5,798
Shareholders' Equity	35,866	34,207	31,974	29,587	21,310	18,787
Total Liabilities & Equity	76,577	75,231	68,215	63,040	56,330	55,506
Total Debt	29,773	29,270	26,841	25,575	27,580	29,035
Net Cash (Debt)	-23,283	-23,197	-21,722	-19,827	-24,117	-25,152
Net Cash Per Share	-6.19	-6.17	-5.78	-5.66	-7.99	-8.10
Filing Date Shares Outstanding	3,750	3,750	3,750	3,750	3,000	3,000
Total Common Shares Outstanding	3,750	3,750	3,750	3,750	3,000	3,000
Working Capital	-7,380	-9,058	-6,344	-2,660	-5,679	-7,853
Book Value Per Share	7.33	7.05	6.59	6.19	5.00	4.33
Tangible Book Value	19,077	17,712	15,832	15,478	7,467	5,579
Tangible Book Value Per Share	5.09	4.72	4.22	4.13	2.49	1.86
Buildings	-	22,935	21,047	16,508	15,938	14,573
Machinery	-	37,339	32,912	27,127	26,287	26,201
Construction In Progress	-	10,052	5,540	9,413	4,842	4,255

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