Beijing Jingneng Thermal Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Cash & Equivalents	901.09	935.66	820.09	294.55	203.76
Accounts Receivable	654.37	342.19	337.4	298.02	263.6
Other Receivables	110.85	113.39	145.41	160.38	54.44
Inventory	43.11	75.29	40.57	69.39	61.29
Prepaid Expenses	-	-	-	1.41	-
Other Current Assets	44.59	25.23	30.81	96.11	108.01
Total Current Assets	1,754	1,492	1,374	919.86	691.11
Property, Plant & Equipment	641.67	667.72	730.38	797.46	848.64
Goodwill	36.76	36.76	36.76	36.76	37.53
Other Intangible Assets	320.89	38.52	42.16	40.43	43.87
Long-Term Investments	1.92	-	-	-	93.7
Long-Term Deferred Tax Assets	76.16	46.5	38.02	40	43.34
Long-Term Deferred Charges	169.96	135.9	157.92	187.08	225.66
Other Long-Term Assets	38.41	39.33	36.77	50.61	76.56
Total Assets	3,040	2,456	2,416	2,072	2,060
Accounts Payable	496.71	170.07	242.25	208.64	149.34
Accrued Expenses	28.37	34.34	40.82	31.62	28.97
Short-Term Debt	266.2	220.16	300.23	509.38	339.96
Current Portion of Long-Term Debt	106.94	0.07	0.08	-	131.21
Current Unearned Revenue	463.81	467.92	445.7	408.54	416
Current Portion of Leases	-	2.44	2.31	1.31	2.24
Current Income Taxes Payable	41.28	16.02	7.25	0.03	1.37
Other Current Liabilities	27.94	148.75	16.09	118.84	50.26
Total Current Liabilities	1,431	1,060	1,055	1,278	1,119
Long-Term Debt	53	100	100	-	149.03
Long-Term Leases	5.7	6.78	9.25	1.6	2.87
Long-Term Unearned Revenue	50.39	40.38	53.85	68.52	91.28
Long-Term Deferred Tax Liabilities	57.05	50.96	54.78	54.26	59.2
Other Long-Term Liabilities	10.88	7.5	0.78	-	-
Total Liabilities	1,608	1,265	1,273	1,403	1,422
Common Stock	263.64	263.64	263.64	202.8	202.8
Additional Paid-In Capital	501.18	501.18	501.18	140.9	140.9
Retained Earnings	455.88	416.85	371.17	319.84	289.06
Total Common Equity	1,221	1,182	1,136	663.54	632.77
Minority Interest	210.78	9.44	6.92	5.92	5.9
Shareholders' Equity	1,431	1,191	1,143	669.46	638.66
Total Liabilities & Equity	3,040	2,456	2,416	2,072	2,060
Total Debt	431.83	329.44	411.86	512.29	625.32
Net Cash (Debt)	469.26	606.22	408.23	-217.74	-421.56
Net Cash Growth	-22.59%	48.50%	-	-	-
Net Cash Per Share	1.81	2.27	1.94	-1.06	-2.16
Filing Date Shares Outstanding	249.27	263.64	263.64	202.8	202.8
Total Common Shares Outstanding	249.27	263.64	263.64	202.8	202.8
Working Capital	322.74	432	319.55	-358.51	-428.26
Book Value Per Share	4.90	4.48	4.31	3.27	3.12
Tangible Book Value	863.05	1,106	1,057	586.35	551.36
Tangible Book Value Per Share	3.46	4.20	4.01	2.89	2.72
Buildings	-	411.63	411.73	411.73	409.25
Machinery	-	955.16	941.71	933.54	936.02
Construction In Progress	-	59.74	66.18	70.37	45.47

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