Beijing Jingneng Thermal 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	467.17	935.66	820.09	294.55	203.76	292.98
Accounts Receivable	628.93	342.19	337.4	298.02	263.6	274.6
Other Receivables	120.18	113.39	145.41	160.38	54.44	58.51
Inventory	41.96	75.29	40.57	69.39	61.29	49.05
Prepaid Expenses	-	-	-	1.41	-	-
Other Current Assets	121.5	25.23	30.81	96.11	108.01	110.37
Total Current Assets	1,380	1,492	1,374	919.86	691.11	785.51
Property, Plant & Equipment	650.2	667.72	730.38	797.46	848.64	863.11
Goodwill	36.76	36.76	36.76	36.76	37.53	37.53
Other Intangible Assets	277.18	38.52	42.16	40.43	43.87	46.84
Long-Term Investments	2.4	-	-	-	93.7	92.35
Long-Term Deferred Tax Assets	64.47	46.5	38.02	40	43.34	38.03
Long-Term Deferred Charges	145.37	135.9	157.92	187.08	225.66	263.71
Other Long-Term Assets	35.97	39.33	36.77	50.61	76.56	68.12
Total Assets	2,592	2,456	2,416	2,072	2,060	2,195
Accounts Payable	436.77	170.07	242.25	208.64	149.34	165.04
Accrued Expenses	37.19	34.34	40.82	31.62	28.97	23.92
Short-Term Debt	236.21	220.16	300.23	509.38	339.96	459.48
Current Portion of Long-Term Debt	1.22	0.07	0.08	-	131.21	117.23
Current Unearned Revenue	166.89	467.92	445.7	408.54	416	402.68
Current Portion of Leases	-	2.44	2.31	1.31	2.24	-
Current Income Taxes Payable	28.41	16.02	7.25	0.03	1.37	0.96
Other Current Liabilities	27.68	148.75	16.09	118.84	50.26	51.22
Total Current Liabilities	934.37	1,060	1,055	1,278	1,119	1,221
Long-Term Debt	116.84	100	100	-	149.03	199.35
Long-Term Leases	8.29	6.78	9.25	1.6	2.87	-
Long-Term Unearned Revenue	65.97	40.38	53.85	68.52	91.28	108.24
Long-Term Deferred Tax Liabilities	55.89	50.96	54.78	54.26	59.2	56.13
Other Long-Term Liabilities	-	7.5	0.78	-	-	0.19
Total Liabilities	1,181	1,265	1,273	1,403	1,422	1,584
Common Stock	263.64	263.64	263.64	202.8	202.8	205.06
Additional Paid-In Capital	501.18	501.18	501.18	140.9	140.9	151.21
Retained Earnings	451.44	416.85	371.17	319.84	289.06	261.68
Treasury Stock	-	-	-	-	-	-12.56
Total Common Equity	1,216	1,182	1,136	663.54	632.77	605.38
Minority Interest	194.48	9.44	6.92	5.92	5.9	5.39
Shareholders' Equity	1,411	1,191	1,143	669.46	638.66	610.78
Total Liabilities & Equity	2,592	2,456	2,416	2,072	2,060	2,195
Total Debt	362.55	329.44	411.86	512.29	625.32	776.05
Net Cash (Debt)	104.62	606.22	408.23	-217.74	-421.56	-483.08
Net Cash Growth	-12.20%	48.50%	-	-	-	-
Net Cash Per Share	0.40	2.27	1.94	-1.06	-2.16	-2.37
Filing Date Shares Outstanding	263.64	263.64	263.64	202.8	202.8	205.06
Total Common Shares Outstanding	263.64	263.64	263.64	202.8	202.8	205.06
Working Capital	445.37	432	319.55	-358.51	-428.26	-435.01
Book Value Per Share	4.61	4.48	4.31	3.27	3.12	2.95
Tangible Book Value	902.32	1,106	1,057	586.35	551.36	521.01
Tangible Book Value Per Share	3.42	4.20	4.01	2.89	2.72	2.54
Buildings	-	411.63	411.73	411.73	409.25	403.64
Machinery	-	955.16	941.71	933.54	936.02	889.75
Construction In Progress	-	59.74	66.18	70.37	45.47	31.43

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