Gowin New Energy Group 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	Jun '25 Jun 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	0.15	0.26	0.28	0.82	2.33	2.35
Cash & Short-Term Investments	0.15	0.26	0.28	0.82	2.33	2.35
Cash Growth	-26.37%	-7.50%	-65.64%	-65.02%	-0.64%	-14.63%
Accounts Receivable	0	0.04	0.04	1.27	0.01	0.01
Other Receivables	0.07	-	-	-	-	-
Receivables	0.08	0.12	0.12	1.29	0.03	0.02
Prepaid Expenses	0.49	0.5	0.47	0.49	0.05	0.07
Other Current Assets	0	-	-	-	-	-
Total Current Assets	0.73	0.88	0.87	2.59	2.4	2.44
Long-Term Investments	3.56	3.68	3.89	3.41	4.4	3.83
Total Assets	4.29	4.56	4.76	6	6.8	6.27
Accounts Payable	0.37	0.4	0.37	0.37	0.37	0.37
Accrued Expenses	0.47	0.43	0.33	0.36	0.37	0.38
Short-Term Debt	-	20.67	18.42	-	14.56	12.54
Current Portion of Long-Term Debt	23.08	-	-	11.33	-	-
Other Current Liabilities	17.97	17.4	15.2	12.93	11.07	9.2
Total Current Liabilities	41.88	38.9	34.32	24.99	26.37	22.49
Long-Term Debt	-	-	-	4.99	-	-
Total Liabilities	41.88	38.9	34.32	29.98	26.37	22.49
Common Stock	29	29	29	29	29	29
Retained Earnings	-68.79	-65.53	-60.75	-55.18	-50.77	-47.41
Total Common Equity	-39.79	-36.53	-31.75	-26.18	-21.77	-18.41
Shareholders' Equity	-37.6	-34.34	-29.56	-23.98	-19.57	-16.21
Total Liabilities & Equity	4.29	4.56	4.76	6	6.8	6.27
Total Debt	23.08	20.67	18.42	16.32	14.56	12.54
Net Cash (Debt)	-22.93	-20.41	-18.14	-15.5	-12.23	-10.19
Net Cash Per Share	-0.10	-0.07	-0.06	-0.05	-0.04	-0.04
Filing Date Shares Outstanding	290	290	290	290	290	290
Total Common Shares Outstanding	290	290	290	290	290	290
Working Capital	-41.15	-38.02	-33.45	-22.4	-23.97	-20.05
Book Value Per Share	-0.14	-0.13	-0.11	-0.09	-0.08	-0.06
Tangible Book Value	-39.79	-36.53	-31.75	-26.18	-21.77	-18.41
Tangible Book Value Per Share	-0.14	-0.13	-0.11	-0.09	-0.08	-0.06

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