Hangzhou Kelin Electric 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	244.68	264.79	286.14	345.69	242.53
Short-Term Investments	-	-	188.65	-	-
Trading Asset Securities	-	-	-	2	200
Cash & Short-Term Investments	244.68	264.79	474.79	347.69	442.53
Cash Growth	-7.60%	-44.23%	36.55%	-21.43%	72.32%
Accounts Receivable	91.79	184.54	132.29	156.14	145.84
Other Receivables	2.8	1.46	2.21	3.57	4.62
Receivables	94.58	186.01	134.49	159.7	150.46
Inventory	55.53	65.27	64.42	59.11	51.52
Other Current Assets	37.81	26.53	9.75	3.7	2.7
Total Current Assets	432.6	542.6	683.45	570.2	647.21
Property, Plant & Equipment	565.34	504.71	147.03	102.94	67.55
Long-Term Investments	10	-	-	181.87	175.09
Other Intangible Assets	85.66	88.27	90.27	18.48	18.43
Long-Term Deferred Tax Assets	13.66	9.1	5.15	4.08	4.81
Long-Term Deferred Charges	8.19	-	-	0.12	1.53
Other Long-Term Assets	34.66	0.65	13.7	-	-
Total Assets	1,150	1,145	939.6	877.7	914.62
Accounts Payable	112.74	151.07	28.57	19.47	25.18
Accrued Expenses	12.22	13.95	17.8	22.36	23.62
Short-Term Debt	27.03	35	23.98	-	-
Current Portion of Long-Term Debt	4.92	-	-	-	-
Current Portion of Leases	-	0.93	1.09	0.99	0.73
Current Income Taxes Payable	4.66	9.05	1.06	7.05	10.96
Current Unearned Revenue	47.94	21.27	13.71	4.08	4.27
Other Current Liabilities	6.81	2.62	4.56	5.62	8.17
Total Current Liabilities	216.33	233.89	90.79	59.56	72.92
Long-Term Debt	58.2	1	-	-	-
Long-Term Leases	0.07	-	0.53	0.94	1.49
Long-Term Unearned Revenue	9.2	6.53	2.89	-	-
Long-Term Deferred Tax Liabilities	-	-	0.82	0.52	0.76
Other Long-Term Liabilities	0.61	3.04	1.22	1.71	2
Total Liabilities	284.42	244.47	96.26	62.74	77.18
Common Stock	153.39	109.56	78.26	55.9	55.9
Additional Paid-In Capital	295.75	340.62	376.99	398.66	394.29
Retained Earnings	416.55	441.51	388.03	360.39	387.26
Total Common Equity	865.69	891.7	843.29	814.96	837.44
Minority Interest	-	9.18	0.06	-	-
Shareholders' Equity	865.69	900.87	843.34	814.96	837.44
Total Liabilities & Equity	1,150	1,145	939.6	877.7	914.62
Total Debt	90.23	36.93	25.6	1.93	2.22
Net Cash (Debt)	154.45	227.86	449.18	345.77	440.31
Net Cash Growth	-32.22%	-49.27%	29.91%	-21.47%	71.46%
Net Cash Per Share	1.01	1.49	2.92	2.26	3.13
Filing Date Shares Outstanding	153.39	153.39	153.39	153.39	153.39
Total Common Shares Outstanding	153.39	153.39	153.39	153.39	153.39
Working Capital	216.27	308.71	592.66	510.64	574.29
Book Value Per Share	5.64	5.81	5.50	5.31	5.46
Tangible Book Value	780.03	803.42	753.02	796.47	819.01
Tangible Book Value Per Share	5.09	5.24	4.91	5.19	5.34
Buildings	-	31.8	33.39	31.8	31.8
Machinery	-	39.21	35.98	26.34	23.3
Construction In Progress	-	465.6	102.87	64.74	27.76

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