GoodWe Technologies 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	-	1,073	1,838	1,577	1,231
Trading Asset Securities	-	14.89	0.24	80.15	70.45
Cash & Short-Term Investments	958.62	1,088	1,839	1,657	1,302
Cash Growth	-11.91%	-40.81%	10.98%	27.28%	-4.31%
Accounts Receivable	-	1,089	830.26	736.53	671.94
Other Receivables	-	129.62	92.54	97.04	32.01
Receivables	-	1,219	922.81	833.57	703.95
Inventory	-	2,638	1,944	1,579	854.97
Prepaid Expenses	-	-	-	10.97	-
Other Current Assets	-	323.96	313.4	169.64	79.32
Total Current Assets	-	5,269	5,019	4,250	2,940
Property, Plant & Equipment	-	2,020	1,560	1,090	533.98
Long-Term Investments	-	263.43	273.28	208.15	88.91
Goodwill	-	33.97	9.19	9.19	17.92
Other Intangible Assets	-	111.62	113.78	73.2	76.01
Long-Term Deferred Tax Assets	-	202.83	46.27	59.91	22.16
Long-Term Deferred Charges	-	45.49	63.63	61.14	9.89
Other Long-Term Assets	-	5.19	26.01	47.17	25.87
Total Assets	-	7,952	7,111	5,799	3,715
Accounts Payable	-	1,459	2,137	2,312	1,644
Accrued Expenses	-	169.4	163.72	119.44	111.18
Short-Term Debt	-	1,323	260.14	50.05	-
Current Portion of Long-Term Debt	-	25.04	5.48	-	-
Current Portion of Leases	-	39.18	19.09	26.17	7.48
Current Income Taxes Payable	-	49.75	81.27	83.07	9.08
Current Unearned Revenue	-	345.5	229.32	321.26	103.89
Other Current Liabilities	-	1,049	803.84	378.43	108.78
Total Current Liabilities	-	4,461	3,700	3,290	1,984
Long-Term Debt	-	168.54	71.27	-	-
Long-Term Leases	-	252.08	144.15	139.05	13.39
Long-Term Unearned Revenue	-	33.7	28.67	3.89	1.07
Long-Term Deferred Tax Liabilities	-	8.91	0.12	0	4.97
Other Long-Term Liabilities	-	114.51	106.58	84.7	33.14
Total Liabilities	-	5,039	4,051	3,518	2,037
Common Stock	-	242.59	172.89	123.2	88
Additional Paid-In Capital	-	919.43	1,012	993.76	971.98
Retained Earnings	-	1,597	1,788	1,133	589.53
Treasury Stock	-	-10	-	-	-
Comprehensive Income & Other	-	1.03	9.58	7.31	6.41
Total Common Equity	2,716	2,750	2,983	2,257	1,656
Minority Interest	-	163.59	77.3	23.63	21.86
Shareholders' Equity	2,861	2,913	3,060	2,281	1,678
Total Liabilities & Equity	-	7,952	7,111	5,799	3,715
Total Debt	1,449	1,808	500.13	215.28	20.87
Net Cash (Debt)	-490.81	-719.9	1,339	1,442	1,281
Net Cash Growth	-	-	-7.14%	12.54%	-5.85%
Net Cash Per Share	-2.02	-3.03	5.50	5.93	5.31
Filing Date Shares Outstanding	234.43	242.48	241.94	241.47	241.47
Total Common Shares Outstanding	239.96	242.48	241.94	241.47	241.47
Working Capital	-	808.23	1,318	959.66	955.61
Book Value Per Share	11.32	11.34	12.33	9.35	6.86
Tangible Book Value	2,570	2,604	2,860	2,175	1,562
Tangible Book Value Per Share	10.71	10.74	11.82	9.01	6.47
Buildings	-	1,245	501.82	479.12	230.1
Machinery	-	1,034	754.12	544.35	246.06
Construction In Progress	-	32.02	485.18	153.48	110.76

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