Ceepower 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	573.54	867.66	815.43	831.7	536.77	281.04
Cash & Short-Term Investments	573.54	867.66	815.43	831.7	536.77	281.04
Cash Growth	-8.74%	6.40%	-1.96%	54.94%	91.00%	4.36%
Accounts Receivable	1,183	1,147	1,098	1,199	1,106	988.14
Other Receivables	30.91	25.81	0.36	-	2.81	23.65
Receivables	1,214	1,173	1,098	1,199	1,109	1,012
Inventory	130.28	94.21	79.43	62	77.65	48.55
Prepaid Expenses	-	-	-	-	-	0.01
Other Current Assets	69.15	89.63	148.24	98.75	114.63	48.47
Total Current Assets	1,987	2,224	2,141	2,191	1,838	1,390
Property, Plant & Equipment	457.13	467.28	488.63	630.82	540.34	493.4
Long-Term Investments	24.14	23.22	6.47	6.05	5.23	3.74
Goodwill	10.32	10.32	17.38	23.54	23.54	23.54
Other Intangible Assets	86.64	89.93	75.26	69.81	68	73.03
Long-Term Deferred Tax Assets	74.87	77.21	70.47	59.34	50.64	42.67
Long-Term Deferred Charges	42.64	43.58	53.45	26.58	14.7	11.2
Other Long-Term Assets	28.95	27.33	49.71	30.46	29.55	13.97
Total Assets	2,712	2,963	2,903	3,038	2,570	2,051
Accounts Payable	824.04	848.17	793.76	764.51	732.26	556.22
Accrued Expenses	7.17	8.44	34.2	27.75	41.53	31.18
Short-Term Debt	79.01	149.03	214.79	190.01	356.73	446.49
Current Portion of Long-Term Debt	31.98	98.19	32.17	42.43	33.61	16.1
Current Portion of Leases	-	-	9.57	23.65	28.75	59.55
Current Income Taxes Payable	17.87	18.68	1.23	8.04	10.48	3.59
Current Unearned Revenue	12.34	10.67	19.19	11.1	12.06	13.7
Other Current Liabilities	13.97	11.16	8.37	8.27	8.1	5.01
Total Current Liabilities	986.37	1,144	1,113	1,076	1,224	1,132
Long-Term Debt	123.36	216.56	462.85	448.3	59.74	32.75
Long-Term Leases	47.37	48.84	63.54	159.71	17.26	68.15
Long-Term Unearned Revenue	21.09	21.29	22.4	23.75	24.89	6.39
Long-Term Deferred Tax Liabilities	0.08	0.07	0.1	-	-	-
Total Liabilities	1,178	1,431	1,662	1,708	1,325	1,239
Common Stock	629.94	629.94	557.6	557.58	557.58	308
Additional Paid-In Capital	726.59	726.59	370.84	369.32	366.82	223.83
Retained Earnings	184.58	182.07	275.53	364.21	317.58	279.95
Comprehensive Income & Other	0.09	0.09	36.69	36.7	0.06	-0.25
Total Common Equity	1,541	1,539	1,241	1,328	1,242	811.53
Minority Interest	-7.66	-6.91	-0.24	2.68	2.22	0.75
Shareholders' Equity	1,534	1,532	1,240	1,330	1,244	812.28
Total Liabilities & Equity	2,712	2,963	2,903	3,038	2,570	2,051
Total Debt	281.71	512.62	782.92	864.1	496.09	623.04
Net Cash (Debt)	291.83	355.03	32.51	-32.4	40.68	-342
Net Cash Growth	-	992.06%	-	-	-	-
Net Cash Per Share	-	0.65	0.06	-0.06	0.07	-0.69
Filing Date Shares Outstanding	-	-	557.6	557.58	557.58	492.8
Total Common Shares Outstanding	-	-	557.6	557.58	557.58	492.8
Working Capital	1,001	1,080	1,028	1,116	614.14	258.02
Book Value Per Share	-	-	2.23	2.38	2.23	1.65
Tangible Book Value	1,444	1,438	1,148	1,234	1,150	714.96
Tangible Book Value Per Share	-	-	2.06	2.21	2.06	1.45
Buildings	-	-	278.82	149.94	149.76	180.64
Machinery	-	-	353.35	527.32	513.61	497.49
Construction In Progress	-	-	21.06	144.37	115.69	30.32

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