Sany Renewable 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	4,921	8,087	10,996	11,547	9,098	3,980
Short-Term Investments	-	854.87	421.01	-	-	-
Trading Asset Securities	6,344	5,412	1,749	35.86	1,166	76.94
Cash & Short-Term Investments	11,265	14,354	13,166	11,583	10,264	4,057
Cash Growth	-11.80%	9.02%	13.67%	12.84%	153.02%	114.02%
Accounts Receivable	8,591	10,206	9,521	6,480	4,521	3,811
Other Receivables	357.3	380.68	466.11	638.47	678.48	186.23
Receivables	8,949	10,586	9,988	7,118	5,199	3,997
Inventory	7,000	5,319	5,161	3,087	1,636	1,528
Prepaid Expenses	-	63.25	12.67	71.55	-	9.05
Other Current Assets	2,544	1,417	1,079	995.12	890.17	690.1
Total Current Assets	29,757	31,740	29,406	22,855	17,990	10,281
Property, Plant & Equipment	5,911	5,952	5,679	5,416	5,194	5,154
Long-Term Investments	1,889	2,038	1,482	1,241	295.46	191.49
Other Intangible Assets	925.74	935.57	922.72	715.78	375.24	284.27
Long-Term Accounts Receivable	-	3,663	2,846	1,882	1,445	1,080
Long-Term Deferred Tax Assets	772.72	751.83	808.25	718.71	745.16	682.09
Long-Term Deferred Charges	1.61	0.97	0.02	0.04	0.11	3.71
Other Long-Term Assets	4,457	290.86	259.48	547.16	370.45	122.07
Total Assets	43,715	45,372	41,403	33,376	26,415	17,799
Accounts Payable	13,586	15,749	12,231	10,132	6,548	4,754
Accrued Expenses	283.05	1,004	916.32	1,044	497.24	554.98
Short-Term Debt	902.04	1,205	5	770.57	3,089	2,659
Current Portion of Long-Term Debt	1,790	1,131	878.91	1,331	23.6	87.17
Current Portion of Leases	-	111.44	87.7	25.02	-	-
Current Income Taxes Payable	75.85	27.99	262.87	149.26	58.09	94.2
Current Unearned Revenue	6,199	5,493	6,123	2,705	2,150	2,546
Other Current Liabilities	4,095	3,816	2,879	2,917	2,073	1,768
Total Current Liabilities	26,932	28,538	23,384	19,073	14,439	12,463
Long-Term Debt	375.64	670.64	2,662	1,135	614	1,342
Long-Term Leases	42.87	42.53	74.03	58.67	-	-
Long-Term Unearned Revenue	175.18	175.99	155.48	132.15	75.08	37.29
Long-Term Deferred Tax Liabilities	1.61	6.42	-	2.11	-	1.51
Other Long-Term Liabilities	1,822	1,802	1,404	180.73	104.6	78.04
Total Liabilities	29,349	31,236	27,680	20,582	15,233	13,922
Common Stock	1,226	1,226	1,226	1,206	1,189	988.5
Additional Paid-In Capital	6,843	6,864	6,535	6,480	6,350	800.92
Retained Earnings	6,480	6,301	6,320	5,214	3,719	2,072
Treasury Stock	-308.76	-363.56	-431.04	-149.47	-101.56	-
Comprehensive Income & Other	125.41	108.47	73.4	42.81	25.53	15.76
Total Common Equity	14,366	14,136	13,724	12,793	11,183	3,877
Minority Interest	-0.06	0	0	0	0	0
Shareholders' Equity	14,366	14,136	13,724	12,793	11,183	3,877
Total Liabilities & Equity	43,715	45,372	41,403	33,376	26,415	17,799
Total Debt	3,111	3,161	3,708	3,320	3,726	4,088
Net Cash (Debt)	8,154	11,193	9,458	8,262	6,538	-31.54
Net Cash Growth	-9.73%	18.34%	14.47%	26.38%	-	-
Net Cash Per Share	6.71	9.22	7.78	6.81	5.94	-0.03
Filing Date Shares Outstanding	1,214	1,220	1,217	1,195	1,186	988.5
Total Common Shares Outstanding	1,214	1,220	1,217	1,195	1,186	988.5
Working Capital	2,825	3,201	6,023	3,781	3,551	-2,182
Book Value Per Share	11.84	11.59	11.28	10.71	9.43	3.92
Tangible Book Value	13,440	13,201	12,801	12,078	10,808	3,593
Tangible Book Value Per Share	11.07	10.82	10.52	10.11	9.11	3.63
Buildings	-	3,311	3,241	3,133	1,365	868.53
Machinery	-	3,619	3,069	2,667	3,480	3,771
Construction In Progress	-	856.97	651.42	553.21	1,155	1,107

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