GCL Energy Technology 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	4,647	4,151	3,205	3,943	3,046	2,984
Trading Asset Securities	-	5.15	-	-	-	-
Accounts Receivable	4,500	5,083	4,395	3,766	2,820	2,103
Other Receivables	492.05	571.68	600.41	993.65	399.58	388.62
Inventory	252	640.43	412.22	400.97	275.64	214.71
Other Current Assets	1,565	1,517	930.15	403.26	714.49	1,615
Total Current Assets	11,457	11,968	9,543	9,507	7,256	7,306
Property, Plant & Equipment	22,775	21,675	17,364	16,871	16,423	18,159
Goodwill	19.52	19.52	19.52	15.52	15.52	14.38
Other Intangible Assets	2,559	2,664	2,539	1,794	1,785	1,655
Long-Term Investments	2,371	2,412	2,917	2,537	1,574	1,669
Long-Term Deferred Tax Assets	94.05	101.43	75.21	126.7	46.75	42.02
Long-Term Deferred Charges	130.29	154.08	129.35	70.76	15.6	0.63
Other Long-Term Assets	1,557	1,465	1,378	1,442	514.68	1,035
Total Assets	40,962	40,459	33,965	32,364	27,630	29,880
Accounts Payable	740.15	1,175	1,073	803.59	866.08	313.63
Accrued Expenses	126.26	404.85	324	305.23	386.25	296.35
Short-Term Debt	3,550	3,956	3,164	2,475	2,191	2,741
Current Portion of Long-Term Debt	3,040	942.83	1,061	861.27	721.85	-
Current Unearned Revenue	205.88	247.42	104.04	102.08	96.94	871.06
Current Portion of Leases	-	1,134	585.89	845.64	563.74	-
Current Income Taxes Payable	214.34	146.16	120.33	46.26	120.91	128.79
Other Current Liabilities	3,888	4,364	3,247	2,812	2,700	4,531
Total Current Liabilities	11,764	12,370	9,679	8,250	7,647	8,881
Long-Term Debt	12,913	8,607	6,238	6,699	5,765	5,684
Long-Term Leases	1,786	5,115	3,745	4,308	5,820	-
Long-Term Unearned Revenue	236.64	214.47	202.29	207.07	264.21	205.09
Long-Term Deferred Tax Liabilities	17.9	22.96	8.97	26.48	9.05	8.51
Other Long-Term Liabilities	61.65	666.39	343.67	177.03	-	6,412
Total Liabilities	26,779	26,995	20,217	19,668	19,506	21,191
Common Stock	1,623	1,623	1,623	1,623	1,352	1,352
Additional Paid-In Capital	8,583	8,592	9,008	8,010	3,930	4,023
Retained Earnings	2,608	2,004	1,721	1,212	941.17	625.1
Treasury Stock	-500.47	-500.47	-500.47	-	-	-
Comprehensive Income & Other	24.35	20.08	6.58	0.97	1.56	12.69
Total Common Equity	12,338	11,739	11,858	10,847	6,226	6,013
Minority Interest	1,845	1,725	1,891	1,850	1,899	2,675
Shareholders' Equity	14,183	13,464	13,748	12,696	8,125	8,688
Total Liabilities & Equity	40,962	40,459	33,965	32,364	27,630	29,880
Total Debt	21,289	19,755	14,794	15,188	15,062	8,425
Net Cash (Debt)	-16,642	-15,599	-11,589	-11,246	-12,016	-5,441
Net Cash Per Share	-10.31	-9.66	-7.18	-7.23	-8.88	-4.02
Filing Date Shares Outstanding	1,581	1,581	1,581	1,623	1,352	1,352
Total Common Shares Outstanding	1,581	1,581	1,581	1,623	1,352	1,352
Working Capital	-307.7	-401.54	-136.15	1,257	-391.34	-1,576
Book Value Per Share	7.80	7.42	7.50	6.68	4.60	4.45
Tangible Book Value	9,760	9,056	9,299	9,037	4,425	4,344
Tangible Book Value Per Share	6.17	5.73	5.88	5.57	3.27	3.21
Buildings	-	2,504	2,504	3,310	3,256	-
Machinery	-	22,272	17,065	210.53	14,362	-
Construction In Progress	-	1,927	2,526	1,406	775.19	-

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