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

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