Zhejiang Power New Energy 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	2018 - 2019
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	2018 - 2019
Cash & Equivalents	85.14	399.36	699.28	1,118	313.16	67.94	Upgrade
Short-Term Investments	-	-	10.01	70.07	-	-	Upgrade
Cash & Short-Term Investments	85.14	399.36	709.29	1,188	313.16	67.94	Upgrade
Cash Growth	-60.58%	-43.70%	-40.28%	279.27%	360.90%	158.54%	Upgrade
Accounts Receivable	74.51	340.39	319.62	648.19	416.36	274.59	Upgrade
Other Receivables	174.35	252.23	320.14	67.47	26.47	0.22	Upgrade
Receivables	248.87	592.62	639.76	715.66	442.83	274.81	Upgrade
Inventory	285.15	583.8	614.07	669.14	371.43	171.04	Upgrade
Prepaid Expenses	-	0.08	-	-	-	-	Upgrade
Other Current Assets	130.99	1.68	48.84	51.24	89.72	6.88	Upgrade
Total Current Assets	750.15	1,578	2,012	2,624	1,217	520.68	Upgrade
Property, Plant & Equipment	1,012	1,085	1,317	928.95	732.08	391.68	Upgrade
Long-Term Investments	12.8	12.8	341.65	312.88	-	-	Upgrade
Other Intangible Assets	147.46	150.93	149.76	150.79	52.31	53.82	Upgrade
Long-Term Deferred Tax Assets	83.52	54.79	55.56	11.24	7.82	8.28	Upgrade
Long-Term Deferred Charges	4.25	7.64	7.45	3.8	4.08	5.24	Upgrade
Other Long-Term Assets	0.95	0.06	38.98	74.79	-	-	Upgrade
Total Assets	2,011	2,888	3,923	4,106	2,013	979.7	Upgrade
Accounts Payable	184.8	575.36	1,005	905.28	566.93	206.3	Upgrade
Accrued Expenses	4.67	19.85	21.44	13.8	9.18	6.68	Upgrade
Short-Term Debt	150.11	205.14	5	1	-	19.23	Upgrade
Current Portion of Long-Term Debt	-	-	-	-	-	5	Upgrade
Current Portion of Leases	0.53	1.16	0.67	0.85	-	9.56	Upgrade
Current Income Taxes Payable	6.83	-	1.28	5.65	1.7	-	Upgrade
Current Unearned Revenue	25.39	5.15	0.18	0.87	0.36	0	Upgrade
Other Current Liabilities	6.84	0.41	0.51	0.21	0.1	48.65	Upgrade
Total Current Liabilities	379.16	807.08	1,034	927.66	578.28	295.41	Upgrade
Long-Term Debt	-	-	-	-	-	19.99	Upgrade
Long-Term Leases	1.27	3.4	2.96	2.16	-	10.39	Upgrade
Long-Term Unearned Revenue	40.91	46.79	54.57	45.35	46.16	47.62	Upgrade
Long-Term Deferred Tax Liabilities	-	-	-	7.93	6.81	7.65	Upgrade
Total Liabilities	421.35	857.27	1,092	983.1	631.24	381.06	Upgrade
Common Stock	159.05	161.25	161.25	134.38	100.78	72.56	Upgrade
Additional Paid-In Capital	2,562	2,594	2,594	2,621	1,059	387.6	Upgrade
Retained Earnings	-1,072	-650.67	75.83	367.82	222.03	138.47	Upgrade
Treasury Stock	-59.45	-73.46	-	-	-	-	Upgrade
Shareholders' Equity	1,590	2,031	2,831	3,123	1,382	598.63	Upgrade
Total Liabilities & Equity	2,011	2,888	3,923	4,106	2,013	979.7	Upgrade
Total Debt	151.92	209.7	8.63	4.01	-	64.16	Upgrade
Net Cash (Debt)	-66.78	189.65	700.66	1,184	313.16	3.79	Upgrade
Net Cash Growth	-	-72.93%	-40.81%	277.99%	8169.43%	-68.09%	Upgrade
Net Cash Per Share	-0.42	1.20	5.21	9.01	2.94	0.04	Upgrade
Filing Date Shares Outstanding	157.4	156.3	161.25	161.25	120.94	87.08	Upgrade
Total Common Shares Outstanding	157.4	156.3	161.25	161.25	120.94	87.08	Upgrade
Working Capital	370.98	770.44	977.98	1,696	638.86	225.27	Upgrade
Book Value Per Share	10.10	13.00	17.56	19.37	11.43	6.87	Upgrade
Tangible Book Value	1,442	1,880	2,681	2,972	1,330	544.82	Upgrade
Tangible Book Value Per Share	9.16	12.03	16.63	18.43	11.00	6.26	Upgrade
Buildings	-	511.94	494.25	261.82	234.35	151.66	Upgrade
Machinery	-	780.49	754.63	543.94	399.14	158.68	Upgrade
Construction In Progress	-	105.66	263.9	242.33	177.94	135.24	Upgrade

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