Far East Smarter Energy Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	3,562	3,071	2,816	3,450	4,318	3,386
Trading Asset Securities	1.6	0.38	-	-	0.03	300.1
Cash & Short-Term Investments	3,563	3,072	2,816	3,450	4,318	3,686
Cash Growth	20.72%	9.07%	-18.38%	-20.11%	17.15%	13.45%
Accounts Receivable	6,187	7,125	7,105	6,429	5,613	4,872
Other Receivables	711.06	403.68	344.99	479.5	702.97	1,115
Receivables	6,898	7,528	7,450	6,909	6,316	5,987
Inventory	3,907	2,589	2,738	2,903	2,574	2,613
Prepaid Expenses	-	48.36	37.55	27.58	0.24	-
Other Current Assets	1,002	1,311	609.65	761.21	714.33	818.79
Total Current Assets	15,371	14,549	13,651	14,051	13,922	13,105
Property, Plant & Equipment	4,392	4,440	4,370	3,779	3,090	2,426
Long-Term Investments	107.15	106.95	125.02	193.65	195.35	310.19
Goodwill	603.88	603.88	603.88	603.88	603.88	603.88
Other Intangible Assets	719.41	722.1	745.74	764.76	625.93	592.11
Long-Term Deferred Tax Assets	415.08	403.08	344.15	252.34	276.81	246.89
Long-Term Deferred Charges	1.87	1.29	2.27	2.52	2.27	3.5
Other Long-Term Assets	365.64	267.61	343.82	431.42	348.36	321.89
Total Assets	21,976	21,093	20,186	20,078	19,065	17,610
Accounts Payable	6,075	6,055	5,318	5,396	4,885	4,928
Accrued Expenses	124.8	263.37	160.18	184.18	218	253.07
Short-Term Debt	5,727	5,183	5,125	5,174	5,362	5,480
Current Portion of Long-Term Debt	1,275	968.01	77.17	791.78	97.51	174.23
Current Portion of Leases	-	490.95	512.42	350.36	242.88	105.21
Current Income Taxes Payable	122.09	19.92	20.88	37.18	81.94	102.2
Current Unearned Revenue	1,489	1,148	1,189	1,009	832.08	1,044
Other Current Liabilities	1,209	1,232	1,131	1,135	1,033	1,015
Total Current Liabilities	16,023	15,360	13,534	14,078	12,753	13,102
Long-Term Debt	581.68	557.6	1,339	223.5	825.6	12
Long-Term Leases	2.81	135.45	146.3	268.04	347.39	5.77
Long-Term Unearned Revenue	471.98	461.99	438.14	366.04	319.35	278.54
Long-Term Deferred Tax Liabilities	8.74	6.61	10.48	11.01	13.14	15.16
Other Long-Term Liabilities	549.73	388.99	391.03	377.61	372.33	366.37
Total Liabilities	17,638	16,911	15,858	15,324	14,631	13,780
Common Stock	2,219	2,219	2,219	2,219	2,219	2,219
Additional Paid-In Capital	1,383	1,389	1,377	1,294	1,253	1,239
Retained Earnings	834.51	737.88	679	1,152	832.73	280.73
Treasury Stock	-134.8	-197.3	-	-	-	-
Comprehensive Income & Other	-0.37	-0.94	-0.24	-0.4	-0.28	0.01
Total Common Equity	4,302	4,148	4,276	4,665	4,305	3,739
Minority Interest	35.64	34.76	52.46	88.74	129.56	90.91
Shareholders' Equity	4,337	4,182	4,328	4,754	4,434	3,830
Total Liabilities & Equity	21,976	21,093	20,186	20,078	19,065	17,610
Total Debt	7,587	7,335	7,200	6,808	6,875	5,777
Net Cash (Debt)	-4,024	-4,263	-4,384	-3,358	-2,557	-2,091
Net Cash Per Share	-1.81	-1.93	-1.98	-1.51	-1.15	-0.94
Filing Date Shares Outstanding	2,195	2,195	2,219	2,219	2,219	2,219
Total Common Shares Outstanding	2,195	2,184	2,219	2,219	2,219	2,219
Working Capital	-652.86	-811.55	117.86	-26.87	1,170	2.73
Book Value Per Share	1.96	1.90	1.93	2.10	1.94	1.68
Tangible Book Value	2,978	2,822	2,926	3,297	3,075	2,543
Tangible Book Value Per Share	1.36	1.29	1.32	1.49	1.39	1.15
Buildings	-	2,682	2,632	2,185	1,980	1,857
Machinery	-	3,618	3,418	2,982	2,924	2,660
Construction In Progress	-	1,468	1,411	1,408	832.77	147.06

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