Wetown Electric Group 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	-	896.39	305.89	199.64	241.88
Trading Asset Securities	-	15.3	8.27	111.76	40.51
Cash & Short-Term Investments	691.88	911.69	314.16	311.4	282.39
Cash Growth	-24.11%	190.20%	0.89%	10.27%	235.11%
Accounts Receivable	-	1,802	1,764	1,082	792.01
Other Receivables	-	133.92	32.76	11.87	14.17
Receivables	-	1,936	1,796	1,094	806.17
Inventory	-	466.39	286.74	145.16	131.97
Other Current Assets	-	64.64	32.52	19.69	15.19
Total Current Assets	-	3,379	2,430	1,570	1,236
Property, Plant & Equipment	-	1,249	386.19	174.24	145.05
Long-Term Investments	-	16.73	22.12	3.8	0.76
Goodwill	-	-	-	1.91	2.97
Other Intangible Assets	-	186.62	174.9	54.04	51.6
Long-Term Deferred Tax Assets	-	42.7	25.82	18.34	12.28
Long-Term Deferred Charges	-	25.67	8.14	5.08	8.41
Other Long-Term Assets	-	7.42	53.81	41.59	1.14
Total Assets	-	4,907	3,101	1,869	1,458
Accounts Payable	-	1,352	585.89	275.15	184.5
Accrued Expenses	-	38.39	42.4	28.1	15.85
Short-Term Debt	-	823.58	811.66	437.71	229.95
Current Portion of Long-Term Debt	-	138.32	91.2	25.03	4.02
Current Portion of Leases	-	0.61	2.62	2.81	10.7
Current Income Taxes Payable	-	6.29	11.64	3.96	3.72
Current Unearned Revenue	-	85.13	76.96	24.88	20.51
Other Current Liabilities	-	233.48	201.3	84.57	76.04
Total Current Liabilities	-	2,677	1,824	882.21	545.3
Long-Term Debt	-	467.32	180.72	37.24	16
Long-Term Leases	-	18.74	9.92	1.82	0.92
Long-Term Unearned Revenue	-	0.31	0.85	1.38	1.92
Long-Term Deferred Tax Liabilities	-	4.9	3.86	1.52	0.47
Total Liabilities	-	3,169	2,019	924.17	564.61
Common Stock	-	186.51	156.51	156	156
Additional Paid-In Capital	-	984.33	435.57	417.49	416.41
Retained Earnings	-	495.75	437.38	338.45	288.03
Comprehensive Income & Other	-	-0.3	3.14	1.34	3.02
Total Common Equity	1,669	1,666	1,033	913.28	863.46
Minority Interest	-	71.87	49.2	31.73	29.86
Shareholders' Equity	1,788	1,738	1,082	945.01	893.31
Total Liabilities & Equity	-	4,907	3,101	1,869	1,458
Total Debt	1,940	1,449	1,096	504.6	261.6
Net Cash (Debt)	-1,248	-536.88	-781.95	-193.2	20.78
Net Cash Per Share	-6.67	-3.45	-5.00	-1.24	0.15
Filing Date Shares Outstanding	162.66	187.65	156.51	156	156
Total Common Shares Outstanding	187.65	186.51	156.51	156	156
Working Capital	-	701.22	606.16	687.98	690.42
Book Value Per Share	8.90	8.93	6.60	5.85	5.53
Tangible Book Value	1,483	1,480	857.7	857.34	808.89
Tangible Book Value Per Share	7.90	7.93	5.48	5.50	5.19
Buildings	-	386.86	133.45	104.29	103.39
Machinery	-	320.04	268.1	184.29	157.92
Construction In Progress	-	709.34	126.79	18.72	3.96

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.