Trina 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	22,443	22,547	22,506	24,355	19,143	10,690
Trading Asset Securities	78.41	21.83	28.9	28.05	89.37	429.95
Cash & Short-Term Investments	22,521	22,569	22,535	24,383	19,232	11,120
Cash Growth	2.17%	0.15%	-7.58%	26.78%	72.95%	1.30%
Accounts Receivable	15,322	15,191	19,202	21,996	17,392	11,848
Other Receivables	2,947	1,609	1,357	1,305	2,145	2,365
Receivables	18,269	16,800	20,558	23,301	19,537	14,214
Inventory	24,254	25,258	22,351	23,404	18,715	12,754
Other Current Assets	6,272	5,971	6,913	5,390	3,581	3,774
Total Current Assets	71,316	70,599	72,357	76,478	61,065	41,861
Property, Plant & Equipment	27,770	28,944	35,268	27,198	16,419	14,582
Long-Term Investments	5,103	5,204	5,216	5,834	4,607	2,464
Goodwill	154.3	154.3	154.3	154.3	154.3	154.3
Other Intangible Assets	3,148	3,187	3,111	3,043	2,632	894.1
Long-Term Accounts Receivable	-	247.68	1,129	304.32	195.35	669.12
Long-Term Deferred Tax Assets	5,237	4,949	3,386	2,550	1,875	1,217
Long-Term Deferred Charges	189.95	202.86	184.56	137.47	49.5	42.05
Other Long-Term Assets	3,228	1,527	3,246	4,647	2,981	1,657
Total Assets	116,146	115,014	124,052	120,346	89,978	63,540
Accounts Payable	29,417	27,583	32,477	39,644	30,114	18,708
Accrued Expenses	460.17	3,164	3,799	4,194	3,048	2,266
Short-Term Debt	7,970	7,381	6,498	6,455	9,718	6,647
Current Portion of Long-Term Debt	9,471	8,714	6,655	2,148	3,144	1,639
Current Portion of Leases	-	794.93	708.98	896.57	809.97	718.23
Current Income Taxes Payable	503	367.39	381.35	474.05	490.84	469.72
Current Unearned Revenue	6,324	2,569	2,184	3,014	4,967	2,042
Other Current Liabilities	8,927	8,330	2,904	4,151	2,657	2,558
Total Current Liabilities	63,073	58,902	55,607	60,976	54,950	35,049
Long-Term Debt	23,364	25,527	32,442	19,840	3,572	7,951
Long-Term Leases	1,721	1,686	1,276	940.52	1,061	1,234
Long-Term Unearned Revenue	5.66	1.5	3.18	15.02	2.76	13.32
Long-Term Deferred Tax Liabilities	32.23	21.03	34.6	278.97	311.82	29.45
Other Long-Term Liabilities	2,344	2,342	2,459	1,747	1,283	1,100
Total Liabilities	90,540	88,480	91,822	83,797	61,181	45,376
Common Stock	2,343	2,343	2,179	2,174	2,173	2,074
Additional Paid-In Capital	20,026	20,104	17,938	17,893	17,225	11,514
Retained Earnings	-784.52	-501.45	6,493	11,235	6,719	3,536
Treasury Stock	-874.99	-648.94	-659.71	-399.89	-	-
Comprehensive Income & Other	7.64	161.67	415.12	625.58	223.88	-10.97
Total Common Equity	20,717	21,458	26,366	31,526	26,340	17,112
Minority Interest	4,889	5,076	5,864	5,023	2,457	1,052
Shareholders' Equity	25,606	26,534	32,230	36,549	28,797	18,164
Total Liabilities & Equity	116,146	115,014	124,052	120,346	89,978	63,540
Total Debt	42,526	44,103	47,580	30,279	18,306	18,189
Net Cash (Debt)	-20,005	-21,534	-25,045	-5,896	926.19	-7,069
Net Cash Per Share	-9.02	-9.92	-11.52	-2.58	0.43	-3.41
Filing Date Shares Outstanding	2,288	2,300	2,166	2,166	2,173	2,074
Total Common Shares Outstanding	2,288	2,300	2,166	2,166	2,173	2,074
Working Capital	8,243	11,696	16,750	15,502	6,115	6,812
Book Value Per Share	9.05	9.33	12.17	14.56	12.12	8.25
Tangible Book Value	17,415	18,117	23,101	28,329	23,554	16,064
Tangible Book Value Per Share	7.61	7.88	10.67	13.08	10.84	7.75
Buildings	-	7,850	7,572	6,339	3,919	3,734
Machinery	-	38,118	36,245	24,587	14,128	14,598
Construction In Progress	-	364.91	3,138	3,966	4,039	1,165

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