Gowin New Energy Group Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	0.11	0.26	0.28	0.82	2.33
Cash & Short-Term Investments	0.11	0.26	0.28	0.82	2.33
Cash Growth	-57.53%	-7.50%	-65.64%	-65.02%	-0.64%
Accounts Receivable	0.57	0.04	0.04	1.27	0.01
Receivables	0.57	0.12	0.12	1.29	0.03
Prepaid Expenses	-	0.5	0.47	0.49	0.05
Total Current Assets	0.68	0.88	0.87	2.59	2.4
Long-Term Investments	3.42	3.68	3.89	3.41	4.4
Total Assets	4.11	4.56	4.76	6	6.8
Accounts Payable	18.86	0.4	0.37	0.37	0.37
Accrued Expenses	-	0.43	0.33	0.36	0.37
Short-Term Debt	22.75	20.67	18.42	-	14.56
Current Portion of Long-Term Debt	-	-	-	11.33	-
Other Current Liabilities	-	17.4	15.2	12.93	11.07
Total Current Liabilities	41.62	38.9	34.32	24.99	26.37
Long-Term Debt	-	-	-	4.99	-
Total Liabilities	41.62	38.9	34.32	29.98	26.37
Common Stock	29	29	29	29	29
Retained Earnings	-68.7	-65.53	-60.75	-55.18	-50.77
Total Common Equity	-39.7	-36.53	-31.75	-26.18	-21.77
Shareholders' Equity	-37.51	-34.34	-29.56	-23.98	-19.57
Total Liabilities & Equity	4.11	4.56	4.76	6	6.8
Total Debt	22.75	20.67	18.42	16.32	14.56
Net Cash (Debt)	-22.64	-20.41	-18.14	-15.5	-12.23
Net Cash Per Share	-0.07	-0.07	-0.06	-0.05	-0.04
Filing Date Shares Outstanding	344	290	290	290	290
Total Common Shares Outstanding	344	290	290	290	290
Working Capital	-40.93	-38.02	-33.45	-22.4	-23.97
Book Value Per Share	-0.12	-0.13	-0.11	-0.09	-0.08
Tangible Book Value	-39.7	-36.53	-31.75	-26.18	-21.77
Tangible Book Value Per Share	-0.12	-0.13	-0.11	-0.09	-0.08