Xinyi Solar 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	4,986	821.61	2,572	4,711	6,076
Short-Term Investments	225.76	202.02	150.6	274.33	352.12
Trading Asset Securities	68.56	58.24	50.85	-	-
Cash & Short-Term Investments	5,281	1,082	2,774	4,985	6,428
Cash Growth	388.10%	-61.00%	-44.36%	-22.45%	-19.73%
Accounts Receivable	11,810	12,084	11,130	9,270	7,757
Other Receivables	942.02	1,323	1,010	440.76	698.45
Receivables	12,906	13,407	12,140	9,710	8,455
Inventory	1,735	2,856	1,912	1,795	1,666
Restricted Cash	22.2	19.59	961.62	-	-
Other Current Assets	289.15	367.91	474.36	411.66	415.37
Total Current Assets	20,234	17,732	18,261	16,902	16,965
Property, Plant & Equipment	34,960	38,343	35,464	26,187	21,802
Long-Term Investments	751.53	244.46	313.74	315.25	371.99
Goodwill	-	11.37	11.37	11.53	10.74
Other Intangible Assets	26.44	17.97	16.86	7.47	8.87
Long-Term Accounts Receivable	150.11	-1.53	-1.54	194.44	201.26
Long-Term Deferred Tax Assets	320.6	168.68	142.78	124.11	18.89
Other Long-Term Assets	474.1	415.87	863.21	994.4	597.28
Total Assets	56,916	56,932	55,072	44,737	39,976
Accounts Payable	4,525	5,331	5,410	2,643	1,046
Accrued Expenses	497.63	509	532.96	578.83	510.55
Short-Term Debt	-	-	-	-	244.4
Current Portion of Long-Term Debt	5,196	6,143	6,274	3,855	2,735
Current Portion of Leases	63.66	71.72	77.72	44.27	38.14
Current Income Taxes Payable	186.21	65.04	192.62	195.15	151.46
Current Unearned Revenue	90.34	79.42	76.59	97	74.22
Other Current Liabilities	2,693	3,145	3,135	1,972	1,486
Total Current Liabilities	13,252	15,344	15,698	9,386	6,286
Long-Term Debt	6,972	5,497	3,300	3,250	3,544
Long-Term Leases	887.73	831.63	843.04	734.49	646.67
Long-Term Unearned Revenue	130	130	130	-	171.38
Long-Term Deferred Tax Liabilities	201.83	150.35	175.73	154.76	24.85
Other Long-Term Liabilities	536.06	571.97	429.86	47.63	58.6
Total Liabilities	21,980	22,525	20,577	13,572	10,732
Common Stock	745.11	738.83	723	786.93	724.31
Additional Paid-In Capital	10,526	5,595	6,294	7,341	7,468
Retained Earnings	18,561	21,075	20,935	18,208	14,382
Comprehensive Income & Other	-	1,643	1,186	-21.91	2,121
Total Common Equity	29,832	29,052	29,138	26,314	24,694
Minority Interest	5,105	5,356	5,357	4,850	4,550
Shareholders' Equity	34,936	34,408	34,495	31,164	29,245
Total Liabilities & Equity	56,916	56,932	55,072	44,737	39,976
Total Debt	13,120	12,543	10,494	7,884	7,209
Net Cash (Debt)	-7,839	-11,462	-7,720	-2,899	-780.45
Net Cash Per Share	-0.86	-1.28	-0.87	-0.33	-0.09
Filing Date Shares Outstanding	9,110	9,078	8,903	8,896	8,891
Total Common Shares Outstanding	9,110	9,078	8,903	8,896	8,891
Working Capital	6,982	2,389	2,563	7,517	10,679
Book Value Per Share	3.27	3.20	3.27	2.96	2.78
Tangible Book Value	29,805	29,022	29,110	26,295	24,675
Tangible Book Value Per Share	3.27	3.20	3.27	2.96	2.78
Land	-	366.68	329.51	325.87	162.15
Buildings	-	3,955	2,692	1,794	1,543
Machinery	-	14,738	11,531	8,777	6,683
Construction In Progress	-	6,119	7,161	3,261	1,782

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