JoulWatt Technology 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	875.45	1,194	1,821	2,186	230.74	373.87
Trading Asset Securities	100	-	-	-	-	-
Cash & Short-Term Investments	975.45	1,194	1,821	2,186	230.74	373.87
Cash Growth	-29.79%	-34.43%	-16.70%	847.56%	-38.28%	341.88%
Accounts Receivable	650.94	552.78	337.92	326.41	141.17	102.45
Other Receivables	34.39	19.32	3.86	12.59	4.74	4
Receivables	685.33	572.1	341.78	339	145.9	106.44
Inventory	941.85	854.99	874.17	782.85	276.55	93.3
Prepaid Expenses	-	11.14	12.54	3.46	-	-
Other Current Assets	348.87	204.95	313.67	314.6	215.29	28.74
Total Current Assets	2,952	2,837	3,363	3,626	868.48	602.35
Property, Plant & Equipment	656.43	611.8	381.91	271.06	160.96	35.41
Long-Term Investments	686.63	516.73	219.16	53.59	0.45	0.45
Goodwill	364.66	14.26	-	-	-	-
Other Intangible Assets	414	63.36	30.97	30.01	36.73	38.15
Long-Term Deferred Tax Assets	0.12	0.11	0.25	-	-	-
Long-Term Deferred Charges	8.16	3.88	2.6	2.3	-	-
Other Long-Term Assets	120.19	156.8	226.78	377.26	105.16	6.65
Total Assets	5,202	4,204	4,225	4,360	1,172	683.01
Accounts Payable	321.33	204.93	166.67	179.87	117.49	127.93
Accrued Expenses	119.91	125.3	42.17	24.55	50.35	29.96
Short-Term Debt	783.83	455.76	414.47	364.33	-	15.52
Current Portion of Long-Term Debt	193.13	395.73	80.27	10.1	30.04	-
Current Portion of Leases	-	11.66	10.01	5.24	6.16	-
Current Unearned Revenue	18.19	14.44	22.58	20.15	3.82	6
Other Current Liabilities	217.25	175.72	100.5	84.57	21.69	9.66
Total Current Liabilities	1,663	1,384	836.67	688.83	229.54	189.07
Long-Term Debt	1,189	625.95	682.95	525.22	1	30.01
Long-Term Leases	26.29	17.47	7.28	4.89	4.15	-
Long-Term Unearned Revenue	55.41	44.14	28.83	-	-	-
Long-Term Deferred Tax Liabilities	74.4	8.51	0.11	-	-	0.5
Other Long-Term Liabilities	4.42	1.37	2.7	-	-	1.49
Total Liabilities	3,012	2,081	1,559	1,219	234.69	221.06
Common Stock	450.32	446.88	446.88	446.88	388.8	109.2
Additional Paid-In Capital	2,575	2,449	2,473	2,410	400.14	837.77
Retained Earnings	-1,306	-849.41	-246.03	285.38	148.22	-485.48
Comprehensive Income & Other	13.56	20.99	-6.57	-	-	-
Total Common Equity	1,733	2,068	2,667	3,142	937.16	461.49
Minority Interest	456.06	55.74	-0.28	-0.79	-0.08	0.45
Shareholders' Equity	2,189	2,123	2,667	3,142	937.08	461.95
Total Liabilities & Equity	5,202	4,204	4,225	4,360	1,172	683.01
Total Debt	2,192	1,507	1,195	909.78	41.35	45.52
Net Cash (Debt)	-1,216	-312.37	626.26	1,277	189.39	328.34
Net Cash Growth	-	-	-50.94%	574.05%	-42.32%	-
Net Cash Per Share	-2.73	-0.70	1.40	3.26	0.52	3.01
Filing Date Shares Outstanding	450.32	446.88	446.88	446.88	388.8	109.2
Total Common Shares Outstanding	450.32	446.88	446.88	446.88	388.8	109.2
Working Capital	1,288	1,454	2,527	2,937	638.94	413.28
Book Value Per Share	3.85	4.63	5.97	7.03	2.41	4.23
Tangible Book Value	954.73	1,990	2,636	3,112	900.43	423.34
Tangible Book Value Per Share	2.12	4.45	5.90	6.96	2.32	3.88
Machinery	-	334.22	148.56	9.08	76.43	14.43
Construction In Progress	-	335.22	263.91	184.23	84.15	24.89

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