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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	96.44	69.53	399.36	699.28	1,118	313.16
Short-Term Investments	-	-	-	10.01	70.07	-
Cash & Short-Term Investments	96.44	69.53	399.36	709.29	1,188	313.16
Cash Growth	-75.44%	-82.59%	-43.70%	-40.28%	279.27%	360.90%
Accounts Receivable	238.27	202.67	340.39	319.62	648.19	416.36
Other Receivables	177.53	175.86	252.23	320.14	67.47	26.47
Receivables	415.8	378.54	592.62	639.76	715.66	442.83
Inventory	128.24	123.19	583.8	614.07	669.14	371.43
Prepaid Expenses	-	-	0.08	-	-	-
Other Current Assets	102.73	104.83	1.68	48.84	51.24	89.72
Total Current Assets	743.2	676.09	1,578	2,012	2,624	1,217
Property, Plant & Equipment	597.56	611.53	1,085	1,317	928.95	732.08
Long-Term Investments	-	-	12.8	341.65	312.88	-
Other Intangible Assets	125.33	126	150.93	149.76	150.79	52.31
Long-Term Deferred Tax Assets	51.01	54.89	54.79	55.56	11.24	7.82
Long-Term Deferred Charges	6.41	6.86	7.64	7.45	3.8	4.08
Other Long-Term Assets	-	-	0.06	38.98	74.79	-
Total Assets	1,524	1,475	2,888	3,923	4,106	2,013
Accounts Payable	244.23	186.17	575.36	1,005	905.28	566.93
Accrued Expenses	3.17	2.79	19.85	21.44	13.8	9.18
Short-Term Debt	150.26	172.39	205.14	5	1	-
Current Portion of Leases	-	-	1.16	0.67	0.85	-
Current Income Taxes Payable	2.13	8.01	-	1.28	5.65	1.7
Current Unearned Revenue	0.64	0.26	5.15	0.18	0.87	0.36
Other Current Liabilities	9.75	9.87	0.41	0.51	0.21	0.1
Total Current Liabilities	410.2	379.49	807.08	1,034	927.66	578.28
Long-Term Leases	-	-	3.4	2.96	2.16	-
Long-Term Unearned Revenue	38.91	40.85	46.79	54.57	45.35	46.16
Long-Term Deferred Tax Liabilities	-	-	-	-	7.93	6.81
Total Liabilities	449.11	420.35	857.27	1,092	983.1	631.24
Common Stock	159.05	159.05	161.25	161.25	134.38	100.78
Additional Paid-In Capital	2,562	2,562	2,594	2,594	2,621	1,059
Retained Earnings	-1,574	-1,594	-650.67	75.83	367.82	222.03
Treasury Stock	-59.45	-59.45	-73.46	-	-	-
Comprehensive Income & Other	-12.8	-12.8	-	-	-	-
Shareholders' Equity	1,074	1,055	2,031	2,831	3,123	1,382
Total Liabilities & Equity	1,524	1,475	2,888	3,923	4,106	2,013
Total Debt	150.26	172.39	209.7	8.63	4.01	-
Net Cash (Debt)	-53.83	-102.86	189.65	700.66	1,184	313.16
Net Cash Growth	-	-	-72.93%	-40.81%	277.99%	8169.43%
Net Cash Per Share	-0.34	-0.64	1.20	5.21	9.01	2.94
Filing Date Shares Outstanding	155.12	166.53	156.3	161.25	161.25	120.94
Total Common Shares Outstanding	155.12	166.53	156.3	161.25	161.25	120.94
Working Capital	333	296.6	770.44	977.98	1,696	638.86
Book Value Per Share	6.93	6.34	13.00	17.56	19.37	11.43
Tangible Book Value	949.07	929.03	1,880	2,681	2,972	1,330
Tangible Book Value Per Share	6.12	5.58	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.