Arctech Solar Holding 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	-	2,858	1,954	1,465	1,261
Trading Asset Securities	-	856.25	520	266.48	772.93
Cash & Short-Term Investments	2,846	3,714	2,474	1,731	2,034
Cash Growth	-23.37%	50.14%	42.90%	-14.89%	-18.89%
Accounts Receivable	-	2,646	2,292	1,719	1,159
Other Receivables	-	24.67	16.01	23.75	9.34
Receivables	-	2,670	2,308	1,743	1,168
Inventory	-	1,414	1,758	757.83	721.28
Other Current Assets	-	453.88	211.39	88.96	205.7
Total Current Assets	-	8,252	6,750	4,321	4,129
Property, Plant & Equipment	-	1,372	1,133	1,014	778.82
Long-Term Investments	-	21.75	10.68	2.44	0.41
Other Intangible Assets	-	144.62	146.89	151.81	149.73
Long-Term Deferred Tax Assets	-	119.6	105.72	89.06	61.39
Long-Term Deferred Charges	-	7.75	7.87	10.3	10.65
Other Long-Term Assets	-	5.93	10.75	4.24	33.37
Total Assets	-	9,923	8,165	5,592	5,163
Accounts Payable	-	3,369	3,356	2,070	2,024
Accrued Expenses	-	171.56	91.33	56.38	32.03
Short-Term Debt	-	957.94	609.33	364.06	182.19
Current Portion of Long-Term Debt	-	21.85	-	-	-
Current Portion of Leases	-	10.63	6.17	4.56	4.07
Current Income Taxes Payable	-	85.47	54.94	13.75	8.07
Current Unearned Revenue	-	224.98	770.99	284.18	245.69
Other Current Liabilities	-	106.19	155.71	72.34	138.85
Total Current Liabilities	-	4,948	5,045	2,865	2,635
Long-Term Debt	-	376.17	140.48	100.82	-
Long-Term Leases	-	66.99	60.71	24.45	11.32
Long-Term Unearned Revenue	-	90.37	96.24	99.57	73.6
Long-Term Deferred Tax Liabilities	-	0.84	-	-	0.44
Other Long-Term Liabilities	-	14.17	8.58	2.96	0.58
Total Liabilities	-	5,496	5,351	3,093	2,720
Common Stock	-	218.52	135.82	135.72	135.72
Additional Paid-In Capital	-	2,802	1,779	1,754	1,740
Retained Earnings	-	1,449	936.63	605.17	564.81
Treasury Stock	-	-87.02	-64.42	-	-
Comprehensive Income & Other	-	27.29	15.13	0.3	0.02
Total Common Equity	4,255	4,410	2,802	2,495	2,440
Minority Interest	-	16.53	12.14	3.88	2.44
Shareholders' Equity	4,273	4,427	2,815	2,499	2,443
Total Liabilities & Equity	-	9,923	8,165	5,592	5,163
Total Debt	1,726	1,434	816.68	493.89	197.59
Net Cash (Debt)	1,120	2,280	1,657	1,237	1,836
Net Cash Growth	-50.90%	37.62%	33.93%	-32.62%	-24.81%
Net Cash Per Share	5.67	11.23	8.21	6.17	9.01
Filing Date Shares Outstanding	140.23	217.26	200.49	202.22	202.22
Total Common Shares Outstanding	140.23	217.26	200.49	202.22	202.22
Working Capital	-	3,304	1,705	1,455	1,494
Book Value Per Share	19.70	20.30	13.98	12.34	12.07
Tangible Book Value	4,113	4,266	2,656	2,344	2,291
Tangible Book Value Per Share	19.04	19.63	13.25	11.59	11.33
Buildings	-	748.58	576.32	491.81	227.83
Machinery	-	728.99	548.44	509.74	278.56
Construction In Progress	-	83.29	130.69	105.68	326.23

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