Shenzhen Nanshan Power 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	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	52.07	478.98	316.19	675.5	689.6	764.6
Short-Term Investments	-	232.17	225.28	180.5	-	575.66
Trading Asset Securities	272.66	-	226	440.01	632.87	-
Accounts Receivable	111.2	67.91	112.06	136.05	74.65	92.52
Other Receivables	119.5	131.83	19.23	18.31	27.04	33.95
Inventory	79.54	80.23	86.16	85.28	88.5	100.25
Other Current Assets	333.97	97.01	34.46	53.2	395.09	368.26
Total Current Assets	968.94	1,088	1,019	1,589	1,908	1,935
Property, Plant & Equipment	583.29	390.64	391.11	603.86	649.35	968.53
Other Intangible Assets	2.11	1.35	19.29	19.8	20.47	21.13
Long-Term Investments	443.74	445.39	390.62	384.11	207.6	90.51
Long-Term Deferred Tax Assets	4.61	0.63	1.17	1.17	1.11	2.21
Long-Term Deferred Charges	4.55	5.8	3.89	1.22	1.72	1.03
Other Long-Term Assets	4.24	80.8	223.91	7.2	2.01	2.21
Total Assets	2,012	2,013	2,049	2,606	2,790	3,021
Accounts Payable	96.74	14.02	4.34	142.53	172.45	39.92
Accrued Expenses	5.35	35.24	50.23	40.1	52.81	80.33
Short-Term Debt	93.07	268.62	341.24	879.96	858.44	675.53
Current Portion of Long-Term Debt	-	-	1.4	-	-	-
Current Unearned Revenue	0.1	0.05	-	-	-	-
Current Portion of Leases	5.07	4.47	2.53	6.01	-	-
Current Income Taxes Payable	8.86	9.14	-	-	-	0.62
Other Current Liabilities	116.35	109.63	13.07	17.32	24.82	22.97
Total Current Liabilities	325.54	441.16	412.81	1,086	1,109	819.38
Long-Term Debt	97.15	-	58.83	28.02	-	-
Long-Term Leases	25.64	2.13	-	2.26	-	-
Long-Term Unearned Revenue	56.76	61.52	67.87	82.15	88.08	93.78
Other Long-Term Liabilities	-	-	119.05	15.05	15.05	19.93
Total Liabilities	509.12	504.81	658.55	1,213	1,212	933.09
Common Stock	602.76	602.76	602.76	602.76	602.76	602.76
Additional Paid-In Capital	362.77	233.04	233.04	233.04	233.04	362.77
Retained Earnings	499.57	518.16	496.26	492.1	652.26	1,092
Comprehensive Income & Other	5.01	131.42	127.24	127.24	127.24	-2.5
Total Common Equity	1,470	1,485	1,459	1,455	1,615	2,055
Minority Interest	32.27	22.54	-68.48	-62.31	-36.95	33
Shareholders' Equity	1,502	1,508	1,391	1,393	1,578	2,088
Total Liabilities & Equity	2,012	2,013	2,049	2,606	2,790	3,021
Total Debt	220.94	275.21	403.99	916.25	858.44	675.53
Net Cash (Debt)	103.79	435.94	363.47	379.75	464.03	664.73
Net Cash Growth	37.49%	19.94%	-4.29%	-18.16%	-30.19%	-
Net Cash Per Share	0.17	0.72	0.60	0.63	0.77	1.10
Filing Date Shares Outstanding	602.76	602.76	602.76	602.76	602.76	602.76
Total Common Shares Outstanding	602.76	602.76	602.76	602.76	602.76	602.76
Working Capital	643.4	646.97	606.57	502.93	799.22	1,116
Book Value Per Share	2.44	2.46	2.42	2.41	2.68	3.41
Tangible Book Value	1,468	1,484	1,440	1,435	1,595	2,034
Tangible Book Value Per Share	2.44	2.46	2.39	2.38	2.65	3.37
Buildings	-	276.87	277.04	401.58	403.54	416.21
Machinery	-	1,615	1,593	2,436	2,829	3,064
Construction In Progress	-	6.98	3.45	4.86	6.09	42.78

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