Wolong New Energy Group 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	460.59	530.45	674.15	1,146	2,691
Trading Asset Securities	-	2.32	-	0.29	-
Cash & Short-Term Investments	460.59	532.77	674.15	1,146	2,691
Cash Growth	-13.55%	-20.97%	-41.19%	-57.40%	5.42%
Accounts Receivable	715.25	1,049	92.04	71.13	2.97
Other Receivables	48.28	67.25	54.19	117.49	120.64
Receivables	763.54	1,117	146.23	188.62	123.61
Inventory	2,748	3,490	3,561	3,881	3,488
Prepaid Expenses	40.06	28.96	66.55	30.69	52.02
Other Current Assets	539.77	362.04	230.7	203.57	184.4
Total Current Assets	4,552	5,530	4,679	5,450	6,539
Property, Plant & Equipment	2,922	2,050	737.15	160.84	72.78
Long-Term Investments	504.38	625.48	678.05	775.86	844.98
Goodwill	4.71	4.71	-	-	-
Other Intangible Assets	57	26.68	3.41	3.34	3.41
Long-Term Deferred Tax Assets	38.66	59.51	33.65	30.23	17.03
Long-Term Deferred Charges	46.44	8.59	23.06	1.86	0.87
Other Long-Term Assets	462.26	357.57	45.67	45.97	45.87
Total Assets	8,587	8,662	6,200	6,468	7,524
Accounts Payable	1,332	1,194	666.59	550.06	571.73
Accrued Expenses	98.48	237.83	430.4	615.77	694.62
Short-Term Debt	180.07	415.39	-	-	44.43
Current Portion of Long-Term Debt	214.27	134.74	-	-	-
Current Portion of Leases	16.57	3.45	-	0.34	0.54
Current Income Taxes Payable	52.89	87.9	26.44	74.96	134.27
Current Unearned Revenue	499.88	465.28	991.66	1,340	2,227
Other Current Liabilities	621.21	318.71	174.22	177.8	271.77
Total Current Liabilities	3,016	2,857	2,289	2,759	3,944
Long-Term Debt	1,004	386.72	100	-	-
Long-Term Leases	88.72	66.6	-	-	-
Long-Term Unearned Revenue	0.46	0.65	-	-	-
Long-Term Deferred Tax Liabilities	8.46	7.48	6.25	8.26	17.23
Other Long-Term Liabilities	-	16.88	-	-	-
Total Liabilities	4,118	3,335	2,396	2,768	3,961
Common Stock	700.51	700.51	700.51	700.51	700.51
Additional Paid-In Capital	10.98	514.71	11.83	10.47	35.34
Retained Earnings	2,889	3,321	3,080	2,988	2,824
Treasury Stock	-35	-35	-	-	-
Comprehensive Income & Other	-0.04	-0.07	-	-	-
Total Common Equity	3,565	4,501	3,792	3,699	3,560
Minority Interest	904.48	826.17	12.48	1.44	2.25
Shareholders' Equity	4,470	5,327	3,805	3,700	3,562
Total Liabilities & Equity	8,587	8,662	6,200	6,468	7,524
Total Debt	1,504	1,007	100	0.34	44.97
Net Cash (Debt)	-1,043	-474.13	574.15	1,146	2,646
Net Cash Growth	-	-	-49.90%	-56.69%	3.66%
Net Cash Per Share	-1.51	-0.70	0.82	1.64	3.79
Filing Date Shares Outstanding	691.26	691.26	700.51	700.51	700.51
Total Common Shares Outstanding	691.26	691.26	700.51	700.51	700.51
Working Capital	1,536	2,673	2,390	2,691	2,595
Book Value Per Share	5.16	6.51	5.41	5.28	5.08
Tangible Book Value	3,504	4,470	3,789	3,696	3,557
Tangible Book Value Per Share	5.07	6.47	5.41	5.28	5.08
Buildings	529.83	479.39	479.39	1.31	1.31
Machinery	60.26	39.3	29.18	21.63	20.96
Construction In Progress	807.81	137.74	233.64	156.53	68.76

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.