Tianneng Battery Group 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	-	18,725	11,336	11,104	10,273
Trading Asset Securities	-	686	220	240	1,471
Cash & Short-Term Investments	19,694	19,411	11,556	11,344	11,744
Cash Growth	1.46%	67.98%	1.86%	-3.41%	117.89%
Accounts Receivable	-	3,628	4,222	4,337	2,741
Other Receivables	-	23.02	21.53	39.06	41.96
Receivables	-	3,651	4,244	4,376	2,783
Inventory	-	6,549	5,698	5,627	3,709
Prepaid Expenses	-	0.55	3.68	3.7	1.74
Other Current Assets	-	738.31	937.09	966.42	718.5
Total Current Assets	-	30,350	22,438	22,317	18,957
Property, Plant & Equipment	-	11,712	10,959	7,095	5,371
Long-Term Investments	-	112.71	186.47	136.48	60.52
Goodwill	-	0.5	0.5	0.5	0.5
Other Intangible Assets	-	1,045	1,065	1,094	958.13
Long-Term Deferred Tax Assets	-	868.62	872.5	780.86	641.7
Long-Term Deferred Charges	-	6.44	9.46	9.38	6.04
Other Long-Term Assets	-	192.27	300.68	944.22	682.12
Total Assets	-	44,288	35,832	32,378	26,677
Accounts Payable	-	11,974	8,152	9,057	6,322
Accrued Expenses	-	780.25	963.27	1,901	1,749
Short-Term Debt	-	6,297	2,449	2,204	1,030
Current Portion of Long-Term Debt	-	271.51	300.78	55.23	235.03
Current Portion of Leases	-	3.78	30.1	31.47	52.23
Current Income Taxes Payable	-	360.01	400.95	476.22	332.03
Current Unearned Revenue	-	1,262	1,345	1,246	1,081
Other Current Liabilities	-	3,896	3,822	1,385	1,517
Total Current Liabilities	-	24,845	17,464	16,356	12,318
Long-Term Debt	-	1,924	1,381	550.22	321.76
Long-Term Leases	-	47.91	17.52	45.61	76.8
Long-Term Unearned Revenue	-	723.44	684.29	606.29	469.29
Long-Term Deferred Tax Liabilities	-	20.54	35.44	48.72	31.72
Other Long-Term Liabilities	-	500.55	631.51	697.43	720.29
Total Liabilities	-	28,062	20,213	18,304	13,938
Common Stock	-	972.1	972.1	972.1	972.1
Additional Paid-In Capital	-	5,428	5,770	5,762	5,753
Retained Earnings	-	9,478	8,555	6,834	5,509
Treasury Stock	-	-29.89	-	-	-
Comprehensive Income & Other	-	40.76	123.55	107.44	37.1
Total Common Equity	16,850	15,889	15,421	13,676	12,272
Minority Interest	-	336.94	197.21	397.71	467.11
Shareholders' Equity	17,163	16,226	15,619	14,073	12,739
Total Liabilities & Equity	-	44,288	35,832	32,378	26,677
Total Debt	7,871	8,544	4,178	2,887	1,716
Net Cash (Debt)	11,823	10,867	7,377	8,457	10,028
Net Cash Growth	8.80%	47.30%	-12.77%	-15.66%	124.01%
Net Cash Per Share	12.19	11.18	7.59	8.69	10.40
Filing Date Shares Outstanding	965.7	969.86	972.1	972.1	972.1
Total Common Shares Outstanding	969.86	970.79	972.1	972.1	972.1
Working Capital	-	5,505	4,974	5,961	6,639
Book Value Per Share	17.37	16.37	15.86	14.07	12.62
Tangible Book Value	15,829	14,843	14,356	12,581	11,313
Tangible Book Value Per Share	16.32	15.29	14.77	12.94	11.64
Buildings	-	6,747	5,547	3,776	3,206
Machinery	-	8,067	6,719	5,311	4,353
Construction In Progress	-	1,506	2,599	1,406	710.62

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