GuiZhou QianYuan Power 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	323.37	304.75	172.61	253.33	225.57	237.94
Accounts Receivable	241.49	235.98	214.48	164.57	568.18	419.17
Other Receivables	19.16	27.33	7.06	62.1	54.32	49.09
Inventory	3.24	2.1	2.23	1.82	0.16	0.33
Prepaid Expenses	-	8.74	5.24	8.2	31.56	6.82
Other Current Assets	13.92	1.81	1.63	1.52	1.52	1.7
Total Current Assets	601.17	580.71	403.25	491.53	881.29	715.06
Property, Plant & Equipment	14,319	14,430	15,024	15,380	15,747	15,960
Other Intangible Assets	57.44	59.66	45.9	45.6	33.96	32.26
Long-Term Investments	21.44	21.05	23.32	26.45	32.21	35.65
Long-Term Deferred Tax Assets	34.48	33.78	31.53	29.41	26.71	12.35
Other Long-Term Assets	26.86	36.42	35.43	26.65	55.18	244.77
Total Assets	15,060	15,162	15,563	15,999	16,777	17,000
Accounts Payable	491.99	517.78	430.97	411.59	457.95	563.88
Accrued Expenses	0.87	318.86	233.21	232.8	227.66	282.89
Short-Term Debt	1,504	1,360	1,101	119.99	-	859.8
Current Portion of Long-Term Debt	525.54	900.1	1,897	1,737	1,542	843.51
Current Unearned Revenue	-	-	-	-	0	-
Current Portion of Leases	-	10.75	3.33	0.85	15.53	0.93
Current Income Taxes Payable	351.73	82.03	9.4	7.57	-	0.06
Other Current Liabilities	76.68	103.74	148.42	134.17	132.46	112.49
Total Current Liabilities	2,950	3,294	3,824	2,644	2,376	2,664
Long-Term Debt	3,797	3,721	4,506	6,191	7,452	8,003
Long-Term Leases	132.5	127.93	131.44	119.18	106.79	116.16
Long-Term Unearned Revenue	4.46	4.76	5.99	7.22	8.45	9.67
Long-Term Deferred Tax Liabilities	20.94	20.85	21.87	20.85	20.69	4.58
Other Long-Term Liabilities	228.4	237.95	248.82	387.24	397.85	375.26
Total Liabilities	7,133	7,406	8,738	9,369	10,361	11,172
Common Stock	427.56	427.56	427.56	427.56	427.56	305.4
Additional Paid-In Capital	1,022	1,022	1,022	1,022	1,022	1,144
Retained Earnings	3,075	2,986	2,454	2,360	2,223	1,870
Comprehensive Income & Other	12.02	6.24	7.04	7.82	3.14	0.72
Total Common Equity	4,536	4,441	3,910	3,817	3,675	3,321
Minority Interest	3,391	3,314	2,916	2,814	2,740	2,507
Shareholders' Equity	7,927	7,755	6,826	6,631	6,415	5,828
Total Liabilities & Equity	15,060	15,162	15,563	15,999	16,777	17,000
Total Debt	5,958	6,120	7,639	8,167	9,116	9,823
Net Cash (Debt)	-5,635	-5,816	-7,467	-7,914	-8,891	-9,586
Net Cash Per Share	-13.18	-13.60	-17.46	-18.51	-20.79	-22.42
Filing Date Shares Outstanding	427.56	427.56	427.56	427.56	427.56	427.56
Total Common Shares Outstanding	427.56	427.56	427.56	427.56	427.56	427.56
Working Capital	-2,349	-2,713	-3,421	-2,152	-1,495	-1,949
Book Value Per Share	10.61	10.39	9.15	8.93	8.60	7.77
Tangible Book Value	4,479	4,381	3,864	3,771	3,641	3,288
Tangible Book Value Per Share	10.47	10.25	9.04	8.82	8.52	7.69
Buildings	-	17,456	17,391	17,400	17,342	17,264
Machinery	-	7,547	7,259	7,038	6,897	6,884
Construction In Progress	-	111.72	264.06	376.53	405.04	35.99