GCL New Energy Holdings 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	317.31	284.87	555.4	797.13	586.05	1,143
Accounts Receivable	138.04	164.39	83.86	1,594	1,684	7,231
Other Receivables	949.89	1,266	1,691	2,522	4,454	1,954
Inventory	16.54	159.62	-	-	-	-
Prepaid Expenses	8.02	29.75	29.48	161.38	446.9	118.15
Other Current Assets	417.95	373.39	166.43	516.09	1,032	3,795
Total Current Assets	1,848	2,278	2,526	5,590	8,202	14,241
Property, Plant & Equipment	594.02	597.44	980.66	4,687	5,837	26,621
Long-Term Investments	2,846	1,748	1,593	1,480	1,398	1,209
Long-Term Deferred Tax Assets	0.77	0.79	0.82	25.38	29.26	142.21
Long-Term Accounts Receivable	-	-	-	54.96	40.94	1,228
Other Long-Term Assets	1,597	1,469	1,406	325.49	409.55	1,595
Total Assets	6,890	6,094	6,506	12,164	15,917	45,036
Accounts Payable	30	-	-	-	-	-
Accrued Expenses	75.69	113.17	109.45	217.91	490.74	420.27
Short-Term Debt	-	-	-	59.03	213.13	6,353
Current Portion of Long-Term Debt	101.2	31.05	125.14	382.7	1,371	10,089
Current Unearned Revenue	47.54	134.08	16.63	67.18	50.6	93.64
Current Portion of Leases	14.38	14.38	16.19	30.31	38.48	88.93
Current Income Taxes Payable	0.33	1.85	0.05	2.38	4.76	19.95
Other Current Liabilities	403.68	415.59	498.41	1,036	1,475	6,406
Total Current Liabilities	672.81	710.11	765.88	1,796	3,644	23,472
Long-Term Debt	833.56	309.19	289.46	3,805	4,657	11,732
Long-Term Leases	95.61	97.03	121.01	239.99	332.89	898.76
Long-Term Unearned Revenue	145.98	148.5	335.27	343.98	327.85	349.06
Long-Term Deferred Tax Liabilities	104.61	-	-	0.68	0.84	48.56
Total Liabilities	1,853	1,265	1,512	6,186	8,963	36,500
Common Stock	111.25	99.37	81.77	81.77	73.63	66.67
Additional Paid-In Capital	5,368	5,316	5,280	5,280	5,021	4,281
Retained Earnings	-3,950	-3,602	-3,205	-2,047	-560.32	103.78
Comprehensive Income & Other	-95.29	-125.48	-101.53	-109.87	-168.37	584.26
Total Common Equity	1,434	1,688	2,055	3,205	4,366	5,036
Minority Interest	3,604	3,141	2,939	2,773	2,588	3,501
Shareholders' Equity	5,038	4,829	4,995	5,978	6,954	8,537
Total Liabilities & Equity	6,890	6,094	6,506	12,164	15,917	45,036
Total Debt	1,045	451.64	551.8	4,517	6,613	29,162
Net Cash (Debt)	-727.43	-166.78	3.59	-3,720	-6,026	-28,018
Net Cash Per Share	-0.50	-0.13	0.00	-3.38	-5.81	-29.38
Filing Date Shares Outstanding	1,554	1,554	1,167	1,167	1,054	953.69
Total Common Shares Outstanding	1,554	1,401	1,167	1,167	1,054	953.69
Working Capital	1,175	1,568	1,760	3,794	4,558	-9,230
Book Value Per Share	0.92	1.21	1.76	2.75	4.14	5.28
Tangible Book Value	1,429	1,688	2,055	3,205	4,366	5,036
Tangible Book Value Per Share	0.92	1.21	1.76	2.75	4.14	5.28
Buildings	-	40.01	40.01	355	353.92	1,204
Machinery	-	2,551	2,944	6,816	7,706	28,323
Construction In Progress	-	3.56	3.56	581.51	481.9	591.57

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