China New Energy 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	1.09	4.17	5.17	1.88	6.9	37.32
Cash & Short-Term Investments	1.09	4.17	5.17	1.88	6.9	37.32
Cash Growth	-83.00%	-19.48%	175.36%	-72.78%	-81.50%	41.02%
Accounts Receivable	143.53	162.35	201.23	336.89	355.26	218.44
Other Receivables	15.4	0.44	0.43	0.43	0.68	0.77
Receivables	158.93	162.79	201.66	337.32	355.94	219.21
Inventory	8.94	9.34	11.82	9.35	7.13	5.97
Other Current Assets	-	11.13	15.93	80.63	103.54	185.64
Total Current Assets	168.96	187.42	234.58	429.18	473.51	448.14
Property, Plant & Equipment	13.07	14.08	19.24	15.18	21.49	19.86
Long-Term Investments	46.7	47.95	53.98	2.5	4.46	4.85
Other Intangible Assets	15.28	15.32	16.4	15.97	14.06	15.07
Long-Term Deferred Tax Assets	0.75	0.75	0.75	15.89	9.84	6.48
Long-Term Deferred Charges	-	1.04	1.44	4.5	13.41	4.78
Total Assets	244.75	266.56	326.4	483.22	536.76	499.17
Accounts Payable	55.85	62.26	71.01	98.28	106.91	85.69
Accrued Expenses	46.49	43.1	39.65	65.44	56.98	61.2
Short-Term Debt	-	-	5	1.61	2.84	-
Current Portion of Long-Term Debt	15.88	26.03	14.96	25.53	21.52	11.17
Current Portion of Leases	1.19	1.15	1.06	0.72	1.19	1.08
Current Income Taxes Payable	49.1	49.1	49.03	49.53	48.54	46.34
Current Unearned Revenue	33.83	36.19	42.47	25.15	21.82	20.23
Other Current Liabilities	31.96	28.97	22.25	19.8	19.04	17.04
Total Current Liabilities	234.3	246.79	245.42	286.05	278.84	242.73
Long-Term Debt	5.46	6.21	7.03	1.35	7.5	9.5
Long-Term Leases	2.69	3.29	4.39	-	0.75	1.93
Long-Term Unearned Revenue	-	-	-	-	-	2.4
Long-Term Deferred Tax Liabilities	0.54	0.63	0.8	-	-	-
Total Liabilities	242.98	256.91	257.64	287.4	287.08	256.56
Common Stock	1.76	1.76	1.76	1.76	1.76	1.76
Additional Paid-In Capital	-	132.76	132.76	132.76	132.76	132.76
Retained Earnings	-	-110.68	-51.18	75.41	125.94	117.52
Comprehensive Income & Other	0.41	-13.75	-13.93	-13.49	-10.6	-9.43
Total Common Equity	2.17	10.1	69.41	196.44	249.86	242.61
Minority Interest	-0.39	-0.44	-0.65	-0.62	-0.19	-
Shareholders' Equity	1.78	9.66	68.76	195.83	249.68	242.61
Total Liabilities & Equity	244.75	266.56	326.4	483.22	536.76	499.17
Total Debt	25.21	36.66	32.43	29.2	33.8	23.68
Net Cash (Debt)	-24.12	-32.5	-27.26	-27.32	-26.89	13.64
Net Cash Per Share	-0.04	-0.06	-0.05	-0.05	-0.05	0.03
Filing Date Shares Outstanding	589.76	589.76	589.76	589.76	589.76	589.76
Total Common Shares Outstanding	589.76	589.76	589.76	589.76	589.76	589.76
Working Capital	-65.34	-59.36	-10.84	143.13	194.68	205.41
Book Value Per Share	0.00	0.02	0.12	0.33	0.42	0.41
Tangible Book Value	-13.11	-5.22	53.01	180.47	235.81	227.54
Tangible Book Value Per Share	-0.02	-0.01	0.09	0.31	0.40	0.39
Buildings	-	5.77	5.77	5.77	5.77	5.77
Machinery	-	37.56	37.1	32.79	33.72	27.09

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