CF 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
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	68.76	111.7	92.97	105.12	127.6	138.6
Short-Term Investments	-	-	6.03	10	-	6
Accounts Receivable	81.49	95.48	71.41	69.69	59.38	58.32
Other Receivables	44.86	42.33	69.07	53.99	57.04	50.4
Inventory	6.35	5.17	4.64	4.77	3.99	3.93
Restricted Cash	-	-	-	-	3.24	5.33
Other Current Assets	5.07	5.17	-	19.47	8.76	13.52
Total Current Assets	206.53	259.85	244.12	263.03	259.99	276.1
Property, Plant & Equipment	982.05	987.26	980.63	880.55	832.69	592.5
Goodwill	2.25	2.25	2.25	2.25	1.64	1.64
Other Intangible Assets	10.86	11.9	12.71	12.71	12.05	9.61
Long-Term Investments	66.49	64.93	50.86	49.51	51.27	34.05
Long-Term Loans Receivable	13.74	13.65	2.53	14.84	14.72	14.6
Long-Term Deferred Tax Assets	0.05	0.05	0.05	0.05	0.69	-
Long-Term Accounts Receivable	-	-	-	-	-	1.41
Other Long-Term Assets	5.15	2.99	10.06	22.18	22.31	62.11
Total Assets	1,287	1,343	1,303	1,245	1,195	992.01
Accounts Payable	34.87	50.07	27.46	28.65	26.58	28.13
Accrued Expenses	5.43	6.49	8.83	13.49	12.18	16.48
Short-Term Debt	106.4	102.27	64.83	45.62	60.86	40
Current Portion of Long-Term Debt	97.77	86.08	73.88	42.9	61.35	39
Current Unearned Revenue	130.72	111.13	117.73	127.19	124.27	108.76
Current Portion of Leases	0.79	1.03	1.4	2.17	2.24	1.64
Current Income Taxes Payable	10.09	14.84	7.35	10.72	10.6	14.62
Other Current Liabilities	106.57	127.74	129.88	120.47	95.39	91.22
Total Current Liabilities	492.64	499.65	431.36	391.2	393.47	339.85
Long-Term Debt	310.6	363.51	406.43	380.53	351.26	229.13
Long-Term Leases	0.39	0.65	1.71	4.66	5.33	5.49
Long-Term Unearned Revenue	53.16	54.69	56.28	26.84	18.44	18.86
Long-Term Deferred Tax Liabilities	8.35	8.4	8.07	7.74	8.71	9.73
Total Liabilities	865.15	926.89	903.85	810.97	777.2	603.06
Common Stock	70.98	70.98	70.98	70.98	70.98	70.05
Additional Paid-In Capital	18.17	18.17	18.17	18.03	18.81	19.18
Retained Earnings	333.16	322.53	298.06	297.37	280.35	258.67
Comprehensive Income & Other	-15.61	-15.61	-15.55	-0.42	-2.35	-0.54
Total Common Equity	406.7	396.07	371.66	385.95	367.79	347.36
Minority Interest	15.27	19.9	27.72	48.19	50.36	41.59
Shareholders' Equity	421.97	415.97	399.37	434.14	418.14	388.95
Total Liabilities & Equity	1,287	1,343	1,303	1,245	1,195	992.01
Total Debt	515.96	553.55	548.25	475.88	481.04	315.26
Net Cash (Debt)	-447.2	-441.85	-449.25	-360.76	-353.44	-170.66
Net Cash Per Share	-6.79	-6.71	-6.82	-5.40	-5.22	-2.61
Filing Date Shares Outstanding	65.89	65.89	65.89	65.89	65.89	65.46
Total Common Shares Outstanding	65.89	65.89	65.89	65.89	65.89	65.46
Working Capital	-286.11	-239.8	-187.24	-128.17	-133.48	-63.75
Book Value Per Share	6.17	6.01	5.64	5.86	5.58	5.31
Tangible Book Value	393.58	381.92	356.69	370.98	354.11	336.12
Tangible Book Value Per Share	5.97	5.80	5.41	5.63	5.37	5.13
Buildings	-	194.14	185.66	165.85	164.93	36.51
Machinery	-	153.44	141.88	122.95	98.79	68.58
Construction In Progress	-	181.17	201.11	162.22	159.25	242.83

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