Wetown Electric Group Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	690.35	756.76	896.39	305.89	199.64	241.88
Trading Asset Securities	205.14	20.99	15.3	8.27	111.76	40.51
Cash & Short-Term Investments	895.49	777.75	911.69	314.16	311.4	282.39
Cash Growth	16.03%	-14.69%	190.20%	0.89%	10.27%	235.11%
Accounts Receivable	2,163	2,124	1,802	1,764	1,082	792.01
Other Receivables	109.8	145.77	133.92	32.76	11.87	14.17
Receivables	2,273	2,270	1,936	1,796	1,094	806.17
Inventory	589.59	451.26	466.39	286.74	145.16	131.97
Prepaid Expenses	1.54	-	-	-	-	-
Other Current Assets	336.26	91.65	64.64	32.52	19.69	15.19
Total Current Assets	4,096	3,591	3,379	2,430	1,570	1,236
Property, Plant & Equipment	1,438	1,387	1,249	386.19	174.24	145.05
Long-Term Investments	54.24	51.64	16.73	22.12	3.8	0.76
Goodwill	5.85	5.33	-	-	1.91	2.97
Other Intangible Assets	182.55	185.34	186.62	174.9	54.04	51.6
Long-Term Deferred Tax Assets	62.31	55.73	42.7	25.82	18.34	12.28
Long-Term Deferred Charges	25.72	28.24	25.67	8.14	5.08	8.41
Other Long-Term Assets	58.88	43.75	7.42	53.81	41.59	1.14
Total Assets	5,923	5,348	4,907	3,101	1,869	1,458

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	1,236	1,063	1,352	585.89	275.15	184.5
Accrued Expenses	37.46	39.91	38.39	42.4	28.1	15.85
Short-Term Debt	985.29	885.01	823.58	811.66	437.71	229.95
Current Portion of Long-Term Debt	433.34	269.88	138.32	91.2	25.03	4.02
Current Portion of Leases	2.02	1.65	0.61	2.62	2.81	10.7
Current Income Taxes Payable	9.96	1.79	6.29	11.64	3.96	3.72
Current Unearned Revenue	90.13	67.15	85.13	76.96	24.88	20.51
Other Current Liabilities	144.17	353.49	233.48	201.3	84.57	76.04
Total Current Liabilities	2,938	2,682	2,677	1,824	882.21	545.3
Long-Term Debt	782.81	777.75	467.32	180.72	37.24	16
Long-Term Leases	28.88	28.57	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	12.93	14.5	4.9	3.86	1.52	0.47
Other Long-Term Liabilities	-	1.45	-	-	-	-
Total Liabilities	3,763	3,504	3,169	2,019	924.17	564.61

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	196.09	188.78	186.51	156.51	156	156
Additional Paid-In Capital	1,284	1,001	984.33	435.57	417.49	416.41
Retained Earnings	515.21	497.65	495.75	437.38	338.45	288.03
Comprehensive Income & Other	16.4	24.78	-0.3	3.14	1.34	3.02
Total Common Equity	2,011	1,712	1,666	1,033	913.28	863.46
Minority Interest	149.4	132.19	71.87	49.2	31.73	29.86
Shareholders' Equity	2,161	1,844	1,738	1,082	945.01	893.31
Total Liabilities & Equity	5,923	5,348	4,907	3,101	1,869	1,458

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	2,232	1,963	1,449	1,096	504.6	261.6
Net Cash (Debt)	-1,337	-1,185	-536.88	-781.95	-193.2	20.78
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-6.82	-6.23	-3.45	-5.00	-1.24	0.15
Filing Date Shares Outstanding	196.09	188.78	187.65	156.51	156	156
Total Common Shares Outstanding	196.09	188.78	186.51	156.51	156	156
Working Capital	1,158	908.8	701.22	606.16	687.98	690.42
Book Value Per Share	10.26	9.07	8.93	6.60	5.85	5.53
Tangible Book Value	1,823	1,521	1,480	857.7	857.34	808.89
Tangible Book Value Per Share	9.30	8.06	7.93	5.48	5.50	5.19
Buildings	706.86	-	-	133.45	104.29	103.39
Machinery	863.75	804.35	319.81	268.1	184.29	157.92
Construction In Progress	83.19	79.75	709.34	126.79	18.72	3.96