China New Energy 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	3.27	4.17	5.17	1.88	6.9
Cash & Short-Term Investments	3.27	4.17	5.17	1.88	6.9
Cash Growth	-21.46%	-19.48%	175.36%	-72.78%	-81.50%
Accounts Receivable	156.8	162.35	201.23	336.89	355.26
Other Receivables	5.19	0.44	0.43	0.43	0.68
Receivables	161.99	162.79	201.66	337.32	355.94
Inventory	7.18	9.34	11.82	9.35	7.13
Other Current Assets	-	11.13	15.93	80.63	103.54
Total Current Assets	172.45	187.42	234.58	429.18	473.51
Property, Plant & Equipment	9.98	14.08	19.24	15.18	21.49
Long-Term Investments	42	47.95	53.98	2.5	4.46
Other Intangible Assets	14.58	15.32	16.4	15.97	14.06
Long-Term Deferred Tax Assets	0.75	0.75	0.75	15.89	9.84
Long-Term Deferred Charges	-	1.04	1.44	4.5	13.41
Total Assets	239.76	266.56	326.4	483.22	536.76
Accounts Payable	70.63	62.26	71.01	98.28	106.91
Accrued Expenses	-	43.1	39.65	65.44	56.98
Short-Term Debt	23.59	-	5	1.61	2.84
Current Portion of Long-Term Debt	-	26.03	14.96	25.53	21.52
Current Portion of Leases	1.23	1.15	1.06	0.72	1.19
Current Income Taxes Payable	49.1	49.1	49.03	49.53	48.54
Current Unearned Revenue	26.67	36.19	42.47	25.15	21.82
Other Current Liabilities	79.28	28.97	22.25	19.8	19.04
Total Current Liabilities	250.5	246.79	245.42	286.05	278.84
Long-Term Debt	4.06	6.21	7.03	1.35	7.5
Long-Term Leases	2.02	3.29	4.39	-	0.75
Long-Term Deferred Tax Liabilities	0.46	0.63	0.8	-	-
Total Liabilities	257.05	256.91	257.64	287.4	287.08
Common Stock	1.76	1.76	1.76	1.76	1.76
Additional Paid-In Capital	-	132.76	132.76	132.76	132.76
Retained Earnings	-	-110.68	-51.18	75.41	125.94
Comprehensive Income & Other	-18.13	-13.75	-13.93	-13.49	-10.6
Total Common Equity	-16.37	10.1	69.41	196.44	249.86
Minority Interest	-0.93	-0.44	-0.65	-0.62	-0.19
Shareholders' Equity	-17.3	9.66	68.76	195.83	249.68
Total Liabilities & Equity	239.76	266.56	326.4	483.22	536.76
Total Debt	30.91	36.66	32.43	29.2	33.8
Net Cash (Debt)	-27.64	-32.5	-27.26	-27.32	-26.89
Net Cash Per Share	-0.05	-0.06	-0.05	-0.05	-0.05
Filing Date Shares Outstanding	583.53	589.76	589.76	589.76	589.76
Total Common Shares Outstanding	583.53	589.76	589.76	589.76	589.76
Working Capital	-78.06	-59.36	-10.84	143.13	194.68
Book Value Per Share	-0.03	0.02	0.12	0.33	0.42
Tangible Book Value	-30.95	-5.22	53.01	180.47	235.81
Tangible Book Value Per Share	-0.05	-0.01	0.09	0.31	0.40
Buildings	-	5.77	5.77	5.77	5.77
Machinery	-	37.56	37.1	32.79	33.72

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