Top Resource Energy 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	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020	2015 - 2019
Cash & Equivalents	901.21	1,108	1,448	1,742	924.29	1,322	Upgrade
Trading Asset Securities	-	-	84.96	-	-	-	Upgrade
Accounts Receivable	398.96	435.67	830.1	901.03	1,100	1,073	Upgrade
Other Receivables	137.96	133.02	85.58	127.88	169.48	269.87	Upgrade
Inventory	88.58	74.06	153.58	115	114.23	76.19	Upgrade
Prepaid Expenses	-	-	-	-	0.6	0.64	Upgrade
Other Current Assets	217.26	226.43	312.23	209.2	185.66	1,082	Upgrade
Total Current Assets	1,744	1,977	2,914	3,095	2,495	3,823	Upgrade
Property, Plant & Equipment	2,492	2,514	2,670	2,473	2,196	2,028	Upgrade
Goodwill	974.86	974.86	1,024	1,144	1,048	1,077	Upgrade
Other Intangible Assets	1,241	1,284	1,350	1,421	1,463	1,013	Upgrade
Long-Term Investments	1,136	1,080	1,081	818.47	681.71	299.86	Upgrade
Long-Term Deferred Tax Assets	242.68	238.35	178.32	160.89	167.15	104.65	Upgrade
Long-Term Deferred Charges	63.3	66.42	68.35	58.32	76.97	45.7	Upgrade
Other Long-Term Assets	122.84	130.32	-159.41	122.72	149.69	94.94	Upgrade
Total Assets	8,017	8,266	9,127	9,294	8,277	8,486	Upgrade
Accounts Payable	1,368	1,628	1,929	2,069	1,950	1,997	Upgrade
Accrued Expenses	9.99	27.85	27.59	61.69	95.16	64.97	Upgrade
Short-Term Debt	735.56	627.34	494.35	690.81	519.91	706.38	Upgrade
Current Portion of Long-Term Debt	-	74.67	28.85	35.36	35.44	113	Upgrade
Current Unearned Revenue	130.09	138.41	271.65	183.12	121.36	83.4	Upgrade
Current Portion of Leases	-	3.97	9.39	9.98	6.83	-	Upgrade
Current Income Taxes Payable	30.82	33.76	55.19	115.19	75.83	32.48	Upgrade
Other Current Liabilities	326.08	344.65	694.06	670.74	525.56	1,001	Upgrade
Total Current Liabilities	2,601	2,879	3,510	3,836	3,330	3,999	Upgrade
Long-Term Debt	446.73	474.4	588.5	477.72	400.2	485.58	Upgrade
Long-Term Leases	41.82	66.42	156.07	338.31	294.98	133.58	Upgrade
Long-Term Unearned Revenue	16.67	16.98	17.02	16.99	19.74	23.83	Upgrade
Long-Term Deferred Tax Liabilities	257.76	268.9	284.15	299.24	309.43	176.07	Upgrade
Other Long-Term Liabilities	105.69	121.81	150.73	152.41	154.79	21.1	Upgrade
Total Liabilities	3,469	3,827	4,707	5,121	4,509	4,839	Upgrade
Common Stock	865.12	865.11	884.77	881.9	881.41	880.2	Upgrade
Additional Paid-In Capital	1,773	1,773	1,866	1,881	1,856	1,834	Upgrade
Retained Earnings	1,567	1,471	1,395	1,229	904.2	723.05	Upgrade
Treasury Stock	-	-	-48.32	-85.56	-106.94	-	Upgrade
Comprehensive Income & Other	109.48	107.44	107.82	105.52	98.74	98.21	Upgrade
Total Common Equity	4,314	4,216	4,206	4,012	3,633	3,535	Upgrade
Minority Interest	233.33	222.22	214.8	161.39	134.72	111.57	Upgrade
Shareholders' Equity	4,548	4,439	4,420	4,173	3,768	3,647	Upgrade
Total Liabilities & Equity	8,017	8,266	9,127	9,294	8,277	8,486	Upgrade
Total Debt	1,224	1,247	1,277	1,552	1,257	1,439	Upgrade
Net Cash (Debt)	-322.9	-138.79	255.57	189.5	-333.08	-116.51	Upgrade
Net Cash Growth	-	-	34.86%	-	-	-	Upgrade
Net Cash Per Share	-0.37	-0.17	0.30	0.22	-0.39	-0.13	Upgrade
Filing Date Shares Outstanding	865.12	865.11	875.11	864.79	860.03	858.82	Upgrade
Total Common Shares Outstanding	865.12	865.11	875.11	864.79	860.03	880.2	Upgrade
Working Capital	-856.66	-901.65	-596.06	-741.09	-835.54	-175.37	Upgrade
Book Value Per Share	4.99	4.87	4.81	4.64	4.22	4.02	Upgrade
Tangible Book Value	2,098	1,957	1,831	1,446	1,122	1,446	Upgrade
Tangible Book Value Per Share	2.43	2.26	2.09	1.67	1.30	1.64	Upgrade
Buildings	-	542.94	523.28	335.86	235.98	208.26	Upgrade
Machinery	-	486.88	501.96	491.32	473.31	455.37	Upgrade
Construction In Progress	-	356.12	482.03	528.04	417.98	359.5	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.