JoulWatt Technology Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	-	1,194	1,821	2,186	230.74
Cash & Short-Term Investments	975.45	1,194	1,821	2,186	230.74
Cash Growth	-18.32%	-34.43%	-16.70%	847.56%	-38.28%
Accounts Receivable	-	552.78	337.92	326.41	141.17
Other Receivables	-	19.32	3.86	12.59	4.74
Receivables	-	572.1	341.78	339	145.9
Inventory	-	854.99	874.17	782.85	276.55
Prepaid Expenses	-	11.14	12.54	3.46	-
Other Current Assets	-	204.95	313.67	314.6	215.29
Total Current Assets	-	2,837	3,363	3,626	868.48
Property, Plant & Equipment	-	611.8	381.91	271.06	160.96
Long-Term Investments	-	516.73	219.16	53.59	0.45
Goodwill	-	14.26	-	-	-
Other Intangible Assets	-	63.36	30.97	30.01	36.73
Long-Term Deferred Tax Assets	-	0.11	0.25	-	-
Long-Term Deferred Charges	-	3.88	2.6	2.3	-
Other Long-Term Assets	-	156.8	226.78	377.26	105.16
Total Assets	-	4,204	4,225	4,360	1,172
Accounts Payable	-	204.93	166.67	179.87	117.49
Accrued Expenses	-	125.3	42.17	24.55	50.35
Short-Term Debt	-	455.76	414.47	364.33	-
Current Portion of Long-Term Debt	-	395.73	80.27	10.1	30.04
Current Portion of Leases	-	11.66	10.01	5.24	6.16
Current Unearned Revenue	-	14.44	22.58	20.15	3.82
Other Current Liabilities	-	175.72	100.5	84.57	21.69
Total Current Liabilities	-	1,384	836.67	688.83	229.54
Long-Term Debt	-	625.95	682.95	525.22	1
Long-Term Leases	-	17.47	7.28	4.89	4.15
Long-Term Unearned Revenue	-	44.14	28.83	-	-
Long-Term Deferred Tax Liabilities	-	8.51	0.11	-	-
Other Long-Term Liabilities	-	1.37	2.7	-	-
Total Liabilities	-	2,081	1,559	1,219	234.69
Common Stock	-	446.88	446.88	446.88	388.8
Additional Paid-In Capital	-	2,449	2,473	2,410	400.14
Retained Earnings	-	-849.41	-246.03	285.38	148.22
Comprehensive Income & Other	-	20.99	-6.57	-	-
Total Common Equity	1,733	2,068	2,667	3,142	937.16
Minority Interest	-	55.74	-0.28	-0.79	-0.08
Shareholders' Equity	2,189	2,123	2,667	3,142	937.08
Total Liabilities & Equity	-	4,204	4,225	4,360	1,172
Total Debt	2,192	1,507	1,195	909.78	41.35
Net Cash (Debt)	-1,216	-312.37	626.26	1,277	189.39
Net Cash Growth	-	-	-50.94%	574.05%	-42.32%
Net Cash Per Share	-2.72	-0.70	1.40	3.26	0.52
Filing Date Shares Outstanding	451.91	446.88	446.88	446.88	388.8
Total Common Shares Outstanding	450.32	446.88	446.88	446.88	388.8
Working Capital	-	1,454	2,527	2,937	638.94
Book Value Per Share	3.85	4.63	5.97	7.03	2.41
Tangible Book Value	954.73	1,990	2,636	3,112	900.43
Tangible Book Value Per Share	2.12	4.45	5.90	6.96	2.32
Machinery	-	334.22	148.56	9.08	76.43
Construction In Progress	-	335.22	263.91	184.23	84.15

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