Hangzhou Kelin Electric 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	137.01	244.68	264.79	286.14	345.69	242.53
Short-Term Investments	-	-	-	188.65	-	-
Trading Asset Securities	-	-	-	-	2	200
Cash & Short-Term Investments	137.01	244.68	264.79	474.79	347.69	442.53
Cash Growth	-38.38%	-7.60%	-44.23%	36.55%	-21.43%	72.32%
Accounts Receivable	93.79	93.72	184.54	132.29	156.14	145.84
Other Receivables	3.01	2.8	1.46	2.21	3.57	4.62
Receivables	96.81	96.52	186.01	134.49	159.7	150.46
Inventory	51.65	55.53	65.27	64.42	59.11	51.52
Other Current Assets	39.34	35.88	26.53	9.75	3.7	2.7
Total Current Assets	324.8	432.6	542.6	683.45	570.2	647.21
Property, Plant & Equipment	555.7	565.34	504.71	147.03	102.94	67.55
Long-Term Investments	114.28	10	-	-	181.87	175.09
Other Intangible Assets	85	85.66	88.27	90.27	18.48	18.43
Long-Term Accounts Receivable	-	8.35	-	-	-	-
Long-Term Deferred Tax Assets	14.66	13.66	9.1	5.15	4.08	4.81
Long-Term Deferred Charges	8.12	8.19	-	-	0.12	1.53
Other Long-Term Assets	33.34	26.31	0.65	13.7	-	-
Total Assets	1,136	1,150	1,145	939.6	877.7	914.62
Accounts Payable	85.43	112.74	151.07	28.57	19.47	25.18
Accrued Expenses	7.16	15.58	13.95	17.8	22.36	23.62
Short-Term Debt	55	27.03	35	23.98	-	-
Current Portion of Long-Term Debt	2.5	4.85	-	-	-	-
Current Portion of Leases	-	0.07	0.93	1.09	0.99	0.73
Current Income Taxes Payable	3.22	1.27	9.05	1.06	7.05	10.96
Current Unearned Revenue	39.49	47.94	21.27	13.71	4.08	4.27
Other Current Liabilities	10.96	6.84	2.62	4.56	5.62	8.17
Total Current Liabilities	203.76	216.33	233.89	90.79	59.56	72.92
Long-Term Debt	58.15	58.2	1	-	-	-
Long-Term Leases	0.07	0.07	-	0.53	0.94	1.49
Long-Term Unearned Revenue	10.62	9.81	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	273.22	284.42	244.47	96.26	62.74	77.18
Common Stock	153.39	153.39	109.56	78.26	55.9	55.9
Additional Paid-In Capital	295.75	295.75	340.62	376.99	398.66	394.29
Retained Earnings	413.54	416.55	441.51	388.03	360.39	387.26
Total Common Equity	862.68	865.69	891.7	843.29	814.96	837.44
Minority Interest	-	-	9.18	0.06	-	-
Shareholders' Equity	862.68	865.69	900.87	843.34	814.96	837.44
Total Liabilities & Equity	1,136	1,150	1,145	939.6	877.7	914.62
Total Debt	115.72	90.23	36.93	25.6	1.93	2.22
Net Cash (Debt)	21.29	154.45	227.86	449.18	345.77	440.31
Net Cash Growth	-87.88%	-32.22%	-49.27%	29.91%	-21.47%	71.46%
Net Cash Per Share	0.14	1.01	1.50	2.92	2.26	3.13
Filing Date Shares Outstanding	150.3	153.39	153.39	153.39	153.39	153.39
Total Common Shares Outstanding	150.3	153.39	153.39	153.39	153.39	153.39
Working Capital	121.04	216.27	308.71	592.66	510.64	574.29
Book Value Per Share	5.74	5.64	5.81	5.50	5.31	5.46
Tangible Book Value	777.68	780.03	803.42	753.02	796.47	819.01
Tangible Book Value Per Share	5.17	5.09	5.24	4.91	5.19	5.34
Buildings	-	287.24	31.8	33.39	31.8	31.8
Machinery	-	328.09	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.