Zhejiang Power New Energy 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	-	399.36	699.28	1,118	313.16
Short-Term Investments	-	-	10.01	70.07	-
Cash & Short-Term Investments	85.14	399.36	709.29	1,188	313.16
Cash Growth	-78.68%	-43.70%	-40.28%	279.27%	360.90%
Accounts Receivable	-	340.39	319.62	648.19	416.36
Other Receivables	-	252.23	320.14	67.47	26.47
Receivables	-	592.62	639.76	715.66	442.83
Inventory	-	583.8	614.07	669.14	371.43
Prepaid Expenses	-	0.08	-	-	-
Other Current Assets	-	1.68	48.84	51.24	89.72
Total Current Assets	-	1,578	2,012	2,624	1,217
Property, Plant & Equipment	-	1,085	1,317	928.95	732.08
Long-Term Investments	-	12.8	341.65	312.88	-
Other Intangible Assets	-	150.93	149.76	150.79	52.31
Long-Term Deferred Tax Assets	-	54.79	55.56	11.24	7.82
Long-Term Deferred Charges	-	7.64	7.45	3.8	4.08
Other Long-Term Assets	-	0.06	38.98	74.79	-
Total Assets	-	2,888	3,923	4,106	2,013
Accounts Payable	-	575.36	1,005	905.28	566.93
Accrued Expenses	-	19.85	21.44	13.8	9.18
Short-Term Debt	-	205.14	5	1	-
Current Portion of Leases	-	1.16	0.67	0.85	-
Current Income Taxes Payable	-	-	1.28	5.65	1.7
Current Unearned Revenue	-	5.15	0.18	0.87	0.36
Other Current Liabilities	-	0.41	0.51	0.21	0.1
Total Current Liabilities	-	807.08	1,034	927.66	578.28
Long-Term Leases	-	3.4	2.96	2.16	-
Long-Term Unearned Revenue	-	46.79	54.57	45.35	46.16
Long-Term Deferred Tax Liabilities	-	-	-	7.93	6.81
Total Liabilities	-	857.27	1,092	983.1	631.24
Common Stock	-	161.25	161.25	134.38	100.78
Additional Paid-In Capital	-	2,594	2,594	2,621	1,059
Retained Earnings	-	-650.67	75.83	367.82	222.03
Treasury Stock	-	-73.46	-	-	-
Shareholders' Equity	1,590	2,031	2,831	3,123	1,382
Total Liabilities & Equity	-	2,888	3,923	4,106	2,013
Total Debt	151.92	209.7	8.63	4.01	-
Net Cash (Debt)	-66.78	189.65	700.66	1,184	313.16
Net Cash Growth	-	-72.93%	-40.81%	277.99%	8169.43%
Net Cash Per Share	-0.42	1.20	5.21	9.01	2.94
Filing Date Shares Outstanding	160.16	156.3	161.25	161.25	120.94
Total Common Shares Outstanding	160.16	156.3	161.25	161.25	120.94
Working Capital	-	770.44	977.98	1,696	638.86
Book Value Per Share	10.10	13.00	17.56	19.37	11.43
Tangible Book Value	1,442	1,880	2,681	2,972	1,330
Tangible Book Value Per Share	9.16	12.03	16.63	18.43	11.00
Buildings	-	511.94	494.25	261.82	234.35
Machinery	-	780.49	754.63	543.94	399.14
Construction In Progress	-	105.66	263.9	242.33	177.94

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