GCL New Energy Holdings 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	278.83	284.87	555.4	797.13	586.05
Accounts Receivable	139.88	164.39	83.86	1,594	1,684
Other Receivables	871.42	1,266	1,691	2,522	4,454
Inventory	1.15	159.62	-	-	-
Prepaid Expenses	11.86	29.75	29.48	161.38	446.9
Other Current Assets	383.94	373.39	166.43	516.09	1,032
Total Current Assets	1,687	2,278	2,526	5,590	8,202
Property, Plant & Equipment	569.64	597.44	980.66	4,687	5,837
Goodwill	2.38	-	-	-	-
Long-Term Investments	2,822	1,748	1,593	1,480	1,398
Long-Term Deferred Tax Assets	0.75	0.79	0.82	25.38	29.26
Long-Term Accounts Receivable	-	-	-	54.96	40.94
Other Long-Term Assets	1,639	1,469	1,406	325.49	409.55
Total Assets	6,720	6,094	6,506	12,164	15,917
Accounts Payable	796.06	-	-	-	-
Accrued Expenses	-	113.17	109.45	217.91	490.74
Short-Term Debt	-	-	-	59.03	213.13
Current Portion of Long-Term Debt	62.76	31.05	125.14	382.7	1,371
Current Unearned Revenue	45.46	134.08	16.63	67.18	50.6
Current Portion of Leases	16.2	14.38	16.19	30.31	38.48
Current Income Taxes Payable	2.45	1.85	0.05	2.38	4.76
Other Current Liabilities	226.11	415.59	498.41	1,036	1,475
Total Current Liabilities	1,149	710.11	765.88	1,796	3,644
Long-Term Debt	787.21	309.19	289.46	3,805	4,657
Long-Term Leases	78.31	97.03	121.01	239.99	332.89
Long-Term Unearned Revenue	-	148.5	335.27	343.98	327.85
Long-Term Deferred Tax Liabilities	104.61	-	-	0.68	0.84
Other Long-Term Liabilities	466.11	-	-	-	-
Total Liabilities	2,585	1,265	1,512	6,186	8,963
Common Stock	111.25	99.37	81.77	81.77	73.63
Additional Paid-In Capital	-	5,316	5,280	5,280	5,021
Retained Earnings	-	-3,602	-3,205	-2,047	-560.32
Comprehensive Income & Other	336.38	-125.48	-101.53	-109.87	-168.37
Total Common Equity	447.62	1,688	2,055	3,205	4,366
Minority Interest	3,688	3,141	2,939	2,773	2,588
Shareholders' Equity	4,135	4,829	4,995	5,978	6,954
Total Liabilities & Equity	6,720	6,094	6,506	12,164	15,917
Total Debt	944.48	451.64	551.8	4,517	6,613
Net Cash (Debt)	-665.65	-166.78	3.59	-3,720	-6,026
Net Cash Per Share	-0.44	-0.13	0.00	-3.38	-5.81
Filing Date Shares Outstanding	1,555	1,554	1,167	1,167	1,054
Total Common Shares Outstanding	1,555	1,401	1,167	1,167	1,054
Working Capital	538.03	1,568	1,760	3,794	4,558
Book Value Per Share	0.29	1.21	1.76	2.75	4.14
Tangible Book Value	445.24	1,688	2,055	3,205	4,366
Tangible Book Value Per Share	0.29	1.21	1.76	2.75	4.14
Buildings	-	40.01	40.01	355	353.92
Machinery	-	2,551	2,944	6,816	7,706
Construction In Progress	-	3.56	3.56	581.51	481.9

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