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	441.73	1,194	1,821	2,186	230.74
Trading Asset Securities	32.44	-	-	-	-
Cash & Short-Term Investments	474.17	1,194	1,821	2,186	230.74
Cash Growth	-60.29%	-34.43%	-16.70%	847.56%	-38.28%
Accounts Receivable	657.8	552.78	337.92	326.41	141.17
Other Receivables	25.74	19.32	3.86	12.59	4.74
Receivables	683.54	572.1	341.78	339	145.9
Inventory	1,009	854.99	874.17	782.85	276.55
Prepaid Expenses	1.6	3.92	12.54	3.46	-
Other Current Assets	381.87	212.16	313.67	314.6	215.29
Total Current Assets	2,550	2,837	3,363	3,626	868.48
Property, Plant & Equipment	763.31	611.8	381.91	271.06	160.96
Long-Term Investments	1,202	516.73	219.16	53.59	0.45
Goodwill	363.43	14.26	-	-	-
Other Intangible Assets	413.98	63.36	30.97	30.01	36.73
Long-Term Deferred Tax Assets	0.17	0.11	0.25	-	-
Long-Term Deferred Charges	19.34	3.88	2.6	2.3	-
Other Long-Term Assets	31.17	156.8	226.78	377.26	105.16
Total Assets	5,344	4,204	4,225	4,360	1,172
Accounts Payable	388.83	204.93	166.67	179.87	117.49
Accrued Expenses	117.64	125.3	42.17	24.55	50.35
Short-Term Debt	848.64	455.76	414.47	364.33	-
Current Portion of Long-Term Debt	346.48	395.73	80.27	10.1	30.04
Current Portion of Leases	18.52	11.66	10.01	5.24	6.16
Current Unearned Revenue	20.07	14.44	22.58	20.15	3.82
Other Current Liabilities	271.45	175.72	100.5	84.57	21.69
Total Current Liabilities	2,012	1,384	836.67	688.83	229.54
Long-Term Debt	1,160	625.95	682.95	525.22	1
Long-Term Leases	26.73	17.47	7.28	4.89	4.15
Long-Term Unearned Revenue	47.65	44.14	28.83	-	-
Long-Term Deferred Tax Liabilities	88.85	8.51	0.11	-	-
Other Long-Term Liabilities	148.06	1.37	2.7	-	-
Total Liabilities	3,483	2,081	1,559	1,219	234.69
Common Stock	450.32	446.88	446.88	446.88	388.8
Additional Paid-In Capital	2,567	2,449	2,473	2,410	400.14
Retained Earnings	-1,564	-849.41	-246.03	285.38	148.22
Comprehensive Income & Other	71.29	20.99	-6.57	-	-
Total Common Equity	1,525	2,068	2,667	3,142	937.16
Minority Interest	335.31	55.74	-0.28	-0.79	-0.08
Shareholders' Equity	1,860	2,123	2,667	3,142	937.08
Total Liabilities & Equity	5,344	4,204	4,225	4,360	1,172
Total Debt	2,401	1,507	1,195	909.78	41.35
Net Cash (Debt)	-1,927	-312.37	626.26	1,277	189.39
Net Cash Growth	-	-	-50.94%	574.05%	-42.32%
Net Cash Per Share	-4.30	-0.70	1.40	3.26	0.52
Filing Date Shares Outstanding	450.32	446.88	446.88	446.88	388.8
Total Common Shares Outstanding	450.32	446.88	446.88	446.88	388.8
Working Capital	538.52	1,454	2,527	2,937	638.94
Book Value Per Share	3.39	4.63	5.97	7.03	2.41
Tangible Book Value	747.71	1,990	2,636	3,112	900.43
Tangible Book Value Per Share	1.66	4.45	5.90	6.96	2.32
Buildings	374.13	-	-	-	-
Machinery	481.33	334.22	148.56	9.08	76.43
Construction In Progress	11.28	335.22	263.91	184.23	84.15

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