Hongyuan Green 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	5,155	5,034	5,234	6,177	4,529	2,189
Trading Asset Securities	3,944	4,009	4,396	1,612	2,689	1,646
Cash & Short-Term Investments	9,100	9,043	9,630	7,789	7,218	3,835
Cash Growth	3.05%	-6.09%	23.63%	7.90%	88.23%	565.26%
Accounts Receivable	1,331	1,429	1,078	517.1	653.97	1,242
Other Receivables	117.59	160.88	118.72	122.43	199.59	100.04
Receivables	1,449	1,590	1,197	639.53	853.56	1,342
Inventory	2,505	1,966	1,396	2,057	1,474	2,444
Other Current Assets	1,089	1,004	960.98	1,407	536.04	909.59
Total Current Assets	14,143	13,603	13,183	11,893	10,082	8,530
Property, Plant & Equipment	11,742	12,056	13,414	13,917	7,226	4,726
Long-Term Investments	31.86	31.72	1,495	2,352	2,165	903.58
Other Intangible Assets	697.61	673.05	549.1	543.82	392.25	221.03
Long-Term Deferred Tax Assets	204.2	242.98	273.28	359.82	178.09	33.91
Long-Term Deferred Charges	61.17	64.14	64.27	35.83	4.65	3.7
Other Long-Term Assets	188.2	140.28	243.91	281.45	990.57	72.33
Total Assets	27,068	26,811	29,223	29,382	21,038	14,491
Accounts Payable	11,344	10,476	11,708	10,853	5,994	4,524
Accrued Expenses	68.83	79.39	194.93	207.54	202.82	75.86
Short-Term Debt	2,160	2,123	744.37	600.35	2	-
Current Portion of Long-Term Debt	651.16	789.09	535.49	145.11	101.04	101.55
Current Portion of Leases	-	-	7.13	29.21	16.54	11.35
Current Income Taxes Payable	62.61	95.81	-	26.84	51.43	11.75
Current Unearned Revenue	206.39	117.84	218.47	515.48	600.75	699.89
Other Current Liabilities	207.72	198.93	3,081	3,764	1,185	1,285
Total Current Liabilities	14,701	13,880	16,490	16,142	8,154	6,710
Long-Term Debt	334.66	286.73	599.3	844	90	190
Long-Term Leases	68.09	63.43	69.12	79.87	3.99	14.99
Long-Term Unearned Revenue	82.44	84.87	100.61	112.08	102.85	100.53
Long-Term Deferred Tax Liabilities	46.54	101.8	57.45	174.92	150.57	33.76
Other Long-Term Liabilities	32.67	29.22	22.32	8.57	0.56	0.99
Total Liabilities	15,266	14,446	17,339	17,361	8,502	7,050
Common Stock	683.08	683.08	679.02	577.81	410.85	275.23
Additional Paid-In Capital	9,422	9,420	9,380	6,936	7,036	4,503
Retained Earnings	1,770	2,061	1,874	4,584	5,168	2,685
Treasury Stock	-92.22	-103.01	-49.99	-194.71	-79.56	-22.54
Comprehensive Income & Other	17.93	302.13	1.1	118.16	-	-
Total Common Equity	11,801	12,363	11,884	12,021	12,535	7,441
Minority Interest	1.16	1.52	-	-	-	-
Shareholders' Equity	11,802	12,365	11,884	12,021	12,535	7,441
Total Liabilities & Equity	27,068	26,811	29,223	29,382	21,038	14,491
Total Debt	3,214	3,262	1,955	1,699	213.57	317.89
Net Cash (Debt)	5,886	5,781	7,674	6,090	7,005	3,517
Net Cash Growth	-5.86%	-24.67%	26.01%	-13.06%	99.18%	1327.67%
Net Cash Per Share	8.69	8.54	12.30	10.46	12.88	6.64
Filing Date Shares Outstanding	681.11	673.21	494.76	683.89	574.12	538.44
Total Common Shares Outstanding	681.11	673.21	494.76	577.81	574.12	538.44
Working Capital	-558.44	-277.33	-3,307	-4,249	1,928	1,821
Book Value Per Share	17.33	18.36	24.02	20.80	21.83	13.82
Tangible Book Value	11,103	11,690	11,335	11,477	12,143	7,220
Tangible Book Value Per Share	16.30	17.36	22.91	19.86	21.15	13.41
Buildings	-	-	3,330	2,811	1,594	1,396
Machinery	-	-	10,606	8,751	3,917	3,157
Construction In Progress	-	-	1,737	3,541	2,509	577.64

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