Wolong New Energy Group 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	Sep '25 Sep 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	548.92	467.59	674.15	1,146	2,691	2,051
Trading Asset Securities	-	2.32	-	0.29	-	500.85
Cash & Short-Term Investments	548.92	469.91	674.15	1,146	2,691	2,552
Cash Growth	20.88%	-30.29%	-41.19%	-57.40%	5.42%	-5.60%
Accounts Receivable	825.26	58.99	92.04	71.13	2.97	1.36
Other Receivables	35.46	44.19	54.19	117.49	120.64	55.27
Receivables	860.72	103.18	146.23	188.62	123.61	56.63
Inventory	3,027	3,442	3,561	3,881	3,488	4,063
Prepaid Expenses	-	28.96	66.55	30.69	52.02	80.62
Other Current Assets	412.15	307.78	230.7	203.57	184.4	153.53
Total Current Assets	4,849	4,352	4,679	5,450	6,539	6,906
Property, Plant & Equipment	2,263	487.35	737.15	160.84	72.78	7.22
Long-Term Investments	601.18	635.16	678.05	775.86	844.98	877.93
Goodwill	4.71	-	-	-	-	-
Other Intangible Assets	38.68	1.17	3.41	3.34	3.41	2.98
Long-Term Deferred Tax Assets	62.07	37.65	33.65	30.23	17.03	13.58
Long-Term Deferred Charges	333.45	3.51	23.06	1.86	0.87	12.22
Other Long-Term Assets	401.89	357.57	45.67	45.97	45.87	45.45
Total Assets	8,554	5,874	6,200	6,468	7,524	7,865
Accounts Payable	1,157	620.03	666.59	550.06	571.73	677.04
Accrued Expenses	18.25	211.38	430.4	615.77	694.62	696.49
Short-Term Debt	150	415.39	-	-	44.43	-
Current Portion of Long-Term Debt	195.42	52.67	-	-	-	-
Current Portion of Leases	-	-	-	0.34	0.54	-
Current Income Taxes Payable	97.32	84.66	26.44	74.96	134.27	102.04
Current Unearned Revenue	685.31	470.67	991.66	1,340	2,227	2,909
Other Current Liabilities	636.64	141.84	174.22	177.8	271.77	305.8
Total Current Liabilities	2,940	1,997	2,289	2,759	3,944	4,691
Long-Term Debt	812.11	101.43	100	-	-	-
Long-Term Deferred Tax Liabilities	7.3	6.04	6.25	8.26	17.23	16.54
Total Liabilities	3,827	2,104	2,396	2,768	3,961	4,707
Common Stock	700.51	700.51	700.51	700.51	700.51	700.99
Additional Paid-In Capital	13.53	13.06	11.83	10.47	35.34	10.92
Retained Earnings	3,144	3,079	3,080	2,988	2,824	2,446
Treasury Stock	-35	-35	-	-	-	-1.55
Comprehensive Income & Other	6.13	-	-	-	-	-
Total Common Equity	3,829	3,758	3,792	3,699	3,560	3,157
Minority Interest	897.08	12.63	12.48	1.44	2.25	1.39
Shareholders' Equity	4,726	3,770	3,805	3,700	3,562	3,158
Total Liabilities & Equity	8,554	5,874	6,200	6,468	7,524	7,865
Total Debt	1,221	569.49	100	0.34	44.97	-
Net Cash (Debt)	-672.34	-99.58	574.15	1,146	2,646	2,552
Net Cash Growth	-	-	-49.90%	-56.69%	3.66%	-5.60%
Net Cash Per Share	-0.98	-0.14	0.82	1.64	3.79	3.64
Filing Date Shares Outstanding	691.26	691.26	700.51	700.51	700.51	700.99
Total Common Shares Outstanding	691.26	691.26	700.51	700.51	700.51	700.99
Working Capital	1,909	2,355	2,390	2,691	2,595	2,215
Book Value Per Share	5.54	5.44	5.41	5.28	5.08	4.50
Tangible Book Value	3,786	3,757	3,789	3,696	3,557	3,154
Tangible Book Value Per Share	5.48	5.43	5.41	5.28	5.08	4.50
Buildings	-	479.39	479.39	1.31	1.31	1.31
Machinery	-	28.23	29.18	21.63	20.96	18.87
Construction In Progress	-	-	233.64	156.53	68.76	3.52

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.