GoodWe Technologies 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	1,677	1,465	1,073	1,838	1,577	1,231
Trading Asset Securities	27.33	25.39	14.89	0.24	80.15	70.45
Cash & Short-Term Investments	1,704	1,490	1,088	1,839	1,657	1,302
Cash Growth	52.56%	36.91%	-40.81%	10.98%	27.28%	-4.31%
Accounts Receivable	2,321	2,320	1,089	830.26	736.53	671.94
Other Receivables	172.25	153.68	129.62	92.54	97.04	32.01
Receivables	2,493	2,473	1,219	922.81	833.57	703.95
Inventory	3,092	2,401	2,638	1,944	1,579	854.97
Prepaid Expenses	-	-	-	-	10.97	-
Other Current Assets	431.79	386.67	323.96	313.4	169.64	79.32
Total Current Assets	7,721	6,751	5,269	5,019	4,250	2,940
Property, Plant & Equipment	1,911	1,922	2,020	1,560	1,090	533.98
Long-Term Investments	222.82	251.62	263.43	273.28	208.15	88.91
Goodwill	33.97	33.97	33.97	9.19	9.19	17.92
Other Intangible Assets	109.53	110.65	111.62	113.78	73.2	76.01
Long-Term Deferred Tax Assets	353.55	313.84	202.83	46.27	59.91	22.16
Long-Term Deferred Charges	37.59	36.89	45.49	63.63	61.14	9.89
Other Long-Term Assets	6.35	4.07	5.19	26.01	47.17	25.87
Total Assets	10,396	9,424	7,952	7,111	5,799	3,715
Accounts Payable	4,583	3,954	1,459	2,137	2,312	1,644
Accrued Expenses	126.5	179.96	169.4	163.72	119.44	111.18
Short-Term Debt	1,241	1,056	1,323	260.14	50.05	-
Current Portion of Long-Term Debt	24.01	23.73	25.04	5.48	-	-
Current Portion of Leases	-	-	39.18	19.09	26.17	7.48
Current Income Taxes Payable	121.31	126.55	49.75	81.27	83.07	9.08
Current Unearned Revenue	297.7	255.29	345.5	229.32	321.26	103.89
Other Current Liabilities	448.38	510.09	1,049	803.84	378.43	108.78
Total Current Liabilities	6,842	6,105	4,461	3,700	3,290	1,984
Long-Term Debt	237.57	129	168.54	71.27	-	-
Long-Term Leases	27.37	18.44	252.08	144.15	139.05	13.39
Long-Term Unearned Revenue	46.3	47.54	33.7	28.67	3.89	1.07
Long-Term Deferred Tax Liabilities	4.19	5.68	8.91	0.12	0	4.97
Other Long-Term Liabilities	257.73	243.9	114.51	106.58	84.7	33.14
Total Liabilities	7,416	6,549	5,039	4,051	3,518	2,037
Common Stock	243.06	243	242.59	172.89	123.2	88
Additional Paid-In Capital	919.72	912.31	919.43	1,012	993.76	971.98
Retained Earnings	1,833	1,732	1,597	1,788	1,133	589.53
Treasury Stock	-160	-160	-10	-	-	-
Comprehensive Income & Other	8.95	9.63	1.03	9.58	7.31	6.41
Total Common Equity	2,845	2,737	2,750	2,983	2,257	1,656
Minority Interest	135.43	137.99	163.59	77.3	23.63	21.86
Shareholders' Equity	2,980	2,875	2,913	3,060	2,281	1,678
Total Liabilities & Equity	10,396	9,424	7,952	7,111	5,799	3,715
Total Debt	1,530	1,227	1,808	500.13	215.28	20.87
Net Cash (Debt)	173.95	263.01	-719.9	1,339	1,442	1,281
Net Cash Growth	-	-	-	-7.14%	12.54%	-5.85%
Net Cash Per Share	0.71	1.09	-3.03	5.50	5.93	5.31
Filing Date Shares Outstanding	247.5	226.21	242.48	241.94	241.47	241.47
Total Common Shares Outstanding	247.5	226.21	242.48	241.94	241.47	241.47
Working Capital	878.48	645.83	808.23	1,318	959.66	955.61
Book Value Per Share	11.49	12.10	11.34	12.33	9.35	6.86
Tangible Book Value	2,701	2,592	2,604	2,860	2,175	1,562
Tangible Book Value Per Share	10.91	11.46	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

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