Arctech Solar Holding 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	2,285	2,339	2,858	1,954	1,465	1,261
Trading Asset Securities	395.41	485.43	856.25	520	266.48	772.93
Cash & Short-Term Investments	2,681	2,824	3,714	2,474	1,731	2,034
Cash Growth	-14.69%	-23.96%	50.14%	42.90%	-14.89%	-18.89%
Accounts Receivable	2,334	2,723	2,646	2,292	1,719	1,159
Other Receivables	17.79	16.44	24.67	16.01	23.75	9.34
Receivables	2,352	2,739	2,670	2,308	1,743	1,168
Inventory	3,164	2,089	1,414	1,758	757.83	721.28
Other Current Assets	771.58	690.32	453.88	211.39	88.96	205.7
Total Current Assets	8,968	8,342	8,252	6,750	4,321	4,129
Property, Plant & Equipment	1,586	1,584	1,372	1,133	1,014	778.82
Long-Term Investments	15.81	15.81	21.75	10.68	2.44	0.41
Other Intangible Assets	141.56	141.23	144.62	146.89	151.81	149.73
Long-Term Deferred Tax Assets	164.02	152.21	119.6	105.72	89.06	61.39
Long-Term Deferred Charges	13.15	12.14	7.75	7.87	10.3	10.65
Other Long-Term Assets	71.91	39.68	5.93	10.75	4.24	33.37
Total Assets	10,960	10,287	9,923	8,165	5,592	5,163
Accounts Payable	3,625	3,020	3,369	3,356	2,070	2,024
Accrued Expenses	49.99	230.62	156.04	91.33	56.38	32.03
Short-Term Debt	1,272	1,055	955.55	609.33	364.06	182.19
Current Portion of Long-Term Debt	173.04	176.95	48.09	-	-	-
Current Portion of Leases	-	5.64	10.63	6.17	4.56	4.07
Current Income Taxes Payable	80.01	24.93	85.47	54.94	13.75	8.07
Current Unearned Revenue	604.2	725.92	224.98	770.99	284.18	245.69
Other Current Liabilities	72.32	42.37	97.86	155.71	72.34	138.85
Total Current Liabilities	5,876	5,282	4,948	5,045	2,865	2,635
Long-Term Debt	835.81	754.76	376.17	140.48	100.82	-
Long-Term Leases	17.26	20.97	66.99	60.71	24.45	11.32
Long-Term Unearned Revenue	90.3	91.3	90.37	96.24	99.57	73.6
Long-Term Deferred Tax Liabilities	3.04	1.01	0.84	-	-	0.44
Other Long-Term Liabilities	61.29	13.27	14.17	8.58	2.96	0.58
Total Liabilities	6,884	6,163	5,496	5,351	3,093	2,720
Common Stock	219.07	219.07	218.52	135.82	135.72	135.72
Additional Paid-In Capital	2,819	2,819	2,802	1,779	1,754	1,740
Retained Earnings	1,174	1,222	1,449	936.63	605.17	564.81
Treasury Stock	-184.39	-184.39	-87.02	-64.42	-	-
Comprehensive Income & Other	28.24	28.91	27.29	15.13	0.3	0.02
Total Common Equity	4,055	4,104	4,410	2,802	2,495	2,440
Minority Interest	21.52	19.8	16.53	12.14	3.88	2.44
Shareholders' Equity	4,077	4,124	4,427	2,815	2,499	2,443
Total Liabilities & Equity	10,960	10,287	9,923	8,165	5,592	5,163
Total Debt	2,298	2,014	1,457	816.68	493.89	197.59
Net Cash (Debt)	383.17	810.45	2,256	1,657	1,237	1,836
Net Cash Growth	-77.47%	-64.08%	36.18%	33.93%	-32.62%	-24.81%
Net Cash Per Share	1.89	4.01	11.11	8.21	6.17	9.01
Filing Date Shares Outstanding	220.41	216.99	217.26	200.49	202.22	202.22
Total Common Shares Outstanding	220.41	216.99	217.26	200.49	202.22	202.22
Working Capital	3,092	3,060	3,304	1,705	1,455	1,494
Book Value Per Share	18.40	18.92	20.30	13.98	12.34	12.07
Tangible Book Value	3,914	3,963	4,266	2,656	2,344	2,291
Tangible Book Value Per Share	17.76	18.26	19.63	13.25	11.59	11.33
Buildings	-	975.15	748.58	576.32	491.81	227.83
Machinery	-	870.32	728.99	548.44	509.74	278.56
Construction In Progress	-	63.83	83.29	130.69	105.68	326.23

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