CSI Solar 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	10,733	11,469	11,689	18,950	11,940	7,257
Trading Asset Securities	1,106	1,790	2,035	107.58	127.71	128.76
Cash & Short-Term Investments	11,839	13,259	13,724	19,058	12,068	7,386
Cash Growth	-6.72%	-3.39%	-27.99%	57.92%	63.40%	-17.25%
Accounts Receivable	9,632	10,435	12,351	8,908	8,084	4,959
Other Receivables	4,120	3,277	914.95	790	543.11	478.52
Receivables	13,753	13,712	13,266	9,698	8,627	5,438
Inventory	5,470	5,691	7,164	7,799	9,137	6,676
Prepaid Expenses	-	-	-	-	123.3	-
Other Current Assets	3,186	4,900	2,265	2,428	2,732	3,392
Total Current Assets	34,248	37,562	36,418	38,983	32,688	22,892
Property, Plant & Equipment	20,439	20,790	22,489	22,191	12,718	8,866
Long-Term Investments	1,786	1,363	1,060	916.62	462.64	380.43
Other Intangible Assets	783.69	788.68	814.94	829.02	573.76	570.01
Long-Term Accounts Receivable	-	34.41	26.57	-	-	-
Long-Term Deferred Tax Assets	2,782	2,807	2,213	1,564	1,147	962.02
Long-Term Deferred Charges	337.61	372.28	1,399	311.75	187.67	210.53
Other Long-Term Assets	2,699	661.21	939.77	980.57	523.56	239.41
Total Assets	63,075	64,378	65,359	65,775	48,300	34,120
Accounts Payable	9,607	10,967	10,845	12,138	16,391	9,062
Accrued Expenses	375.89	1,948	2,013	1,639	1,375	1,211
Short-Term Debt	6,288	6,400	7,963	6,887	5,273	6,125
Current Portion of Long-Term Debt	3,233	3,478	1,963	1,859	709.75	949.36
Current Portion of Leases	-	133.85	258.88	476.17	146.78	149.78
Current Income Taxes Payable	574.8	363.4	710.8	352.15	269.32	211.25
Current Unearned Revenue	2,930	3,184	2,967	5,605	3,095	1,780
Other Current Liabilities	4,801	3,586	5,154	8,133	4,834	2,645
Total Current Liabilities	27,811	30,060	31,876	37,090	32,095	22,133
Long-Term Debt	7,988	7,189	6,369	3,423	2,396	277.58
Long-Term Leases	703.47	727.58	1,434	1,208	241.11	317.29
Long-Term Unearned Revenue	1,046	1,189	1,508	1,511	1,156	1,074
Long-Term Deferred Tax Liabilities	143.04	82.13	117.43	122.27	91.1	138.22
Other Long-Term Liabilities	1,723	1,729	1,178	942.33	584.46	712.26
Total Liabilities	39,415	40,978	42,482	44,296	36,563	24,652
Common Stock	3,643	3,643	3,688	3,688	3,066	3,066
Additional Paid-In Capital	7,460	7,453	7,851	7,622	1,513	1,471
Retained Earnings	13,341	12,821	12,132	10,320	7,422	5,266
Treasury Stock	-477.84	-477.84	-566.35	-	-	-
Comprehensive Income & Other	-329.94	-45.09	-203.73	-212	-338.52	-407.23
Total Common Equity	23,636	23,394	22,902	21,418	11,663	9,395
Minority Interest	24.35	5.95	-24.76	61.5	73.89	73.06
Shareholders' Equity	23,660	23,400	22,877	21,480	11,737	9,468
Total Liabilities & Equity	63,075	64,378	65,359	65,775	48,300	34,120
Total Debt	18,213	17,929	17,988	13,852	8,767	7,819
Net Cash (Debt)	-6,374	-4,670	-4,264	5,205	3,301	-433.47
Net Cash Growth	-	-	-	57.68%	-	-
Net Cash Per Share	-1.90	-1.29	-1.16	1.52	1.07	-0.14
Filing Date Shares Outstanding	3,599	3,599	3,609	3,688	3,066	3,066
Total Common Shares Outstanding	3,599	3,598	3,688	3,688	3,066	3,066
Working Capital	6,437	7,502	4,542	1,893	592.85	758.72
Book Value Per Share	6.57	6.50	6.21	5.81	3.80	3.06
Tangible Book Value	22,852	22,606	22,087	20,589	11,089	8,825
Tangible Book Value Per Share	6.35	6.28	5.99	5.58	3.62	2.88
Land	-	217.14	237.92	198.55	193.69	116.89
Buildings	-	6,826	6,990	6,964	5,356	4,651
Machinery	-	18,321	19,327	17,050	10,770	9,694
Construction In Progress	-	6,670	4,145	4,266	2,503	628.71

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