Bafang Electric (Suzhou) 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	350.83	774.07	694.38	1,543	1,380	1,776
Trading Asset Securities	1,083	740.26	692.05	-	195.08	0.06
Cash & Short-Term Investments	1,434	1,514	1,386	1,543	1,575	1,776
Cash Growth	6.50%	9.23%	-10.17%	-2.03%	-11.29%	-4.38%
Accounts Receivable	563.15	493.44	420.34	413.93	803.42	841.73
Other Receivables	5.55	5.03	18.52	6.3	9.24	4.14
Receivables	568.7	498.46	438.86	420.23	812.66	845.87
Inventory	243.14	191.45	184.54	225.58	375.42	400.54
Other Current Assets	44.2	28.29	58.28	78.35	37.96	20.58
Total Current Assets	2,290	2,233	2,068	2,267	2,801	3,043
Property, Plant & Equipment	752.27	765.19	852.62	956.93	668.92	445.28
Long-Term Investments	104.33	103.71	101.36	-	-	-
Other Intangible Assets	64.96	65.9	68.27	87.43	87.48	29.07
Long-Term Deferred Tax Assets	19.34	18.47	17.63	24.57	20.3	9.59
Long-Term Deferred Charges	0.02	0.03	0.1	1.47	3.72	6.22
Other Long-Term Assets	91.8	92.56	51.52	3.52	8.34	10.06
Total Assets	3,323	3,278	3,160	3,341	3,590	3,543
Accounts Payable	448.59	454.25	410.11	465.26	473.36	659.81
Accrued Expenses	11.49	38.53	31.73	40.09	47.19	41.22
Short-Term Debt	-	-	1.2	2.49	-	3
Current Portion of Leases	-	1.75	4.1	4.06	5.54	8.09
Current Income Taxes Payable	17.56	3.23	6.01	-	13.3	32.72
Current Unearned Revenue	55.51	32.62	35.74	35.65	43.17	62.4
Other Current Liabilities	12.04	12.32	17.88	31.69	136.42	47.19
Total Current Liabilities	546.04	542.71	506.77	579.25	718.97	854.44
Long-Term Leases	3.79	3.99	5.96	8.69	10.7	13.34
Long-Term Unearned Revenue	1.12	1.18	1.39	1.6	1.82	-
Long-Term Deferred Tax Liabilities	-	-	-	-	0.3	0.01
Other Long-Term Liabilities	1.39	1.44	-	-	-	-
Total Liabilities	552.34	549.32	514.11	589.55	731.79	867.8
Common Stock	234.62	234.62	235.01	168.12	120.3	120.3
Additional Paid-In Capital	1,209	1,209	1,276	1,350	1,406	1,414
Retained Earnings	1,326	1,281	1,202	1,305	1,417	1,146
Treasury Stock	-	-	-67.35	-74.72	-82.48	-
Comprehensive Income & Other	1.06	4.66	0.43	2.93	-2.28	-4.65
Shareholders' Equity	2,770	2,729	2,645	2,752	2,858	2,675
Total Liabilities & Equity	3,323	3,278	3,160	3,341	3,590	3,543
Total Debt	4.64	5.75	11.25	15.25	16.24	24.44
Net Cash (Debt)	1,429	1,509	1,375	1,528	1,559	1,751
Net Cash Growth	6.84%	9.70%	-10.01%	-1.98%	-10.98%	-5.70%
Net Cash Per Share	6.16	6.46	5.82	6.45	6.63	7.42
Filing Date Shares Outstanding	235.54	234.62	235.01	235.37	235.78	235.8
Total Common Shares Outstanding	235.54	234.62	235.01	235.37	235.78	235.8
Working Capital	1,744	1,690	1,561	1,688	2,082	2,188
Book Value Per Share	11.76	11.63	11.26	11.69	12.12	11.35
Tangible Book Value	2,705	2,663	2,577	2,664	2,771	2,646
Tangible Book Value Per Share	11.49	11.35	10.97	11.32	11.75	11.22
Buildings	-	814.42	845.19	501.65	411.47	149.71
Machinery	-	104.62	104.14	106.8	86.93	64.08
Construction In Progress	-	-	6.33	408.37	193.18	221.87

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