XJ 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	7,266	7,527	5,555	5,016	3,703	2,854
Cash & Short-Term Investments	7,266	7,527	5,555	5,016	3,703	2,854
Cash Growth	30.33%	35.51%	10.74%	35.47%	29.73%	64.07%
Accounts Receivable	7,933	8,638	10,298	8,947	8,412	8,246
Other Receivables	356.34	305.3	710.34	653.02	302.08	110.62
Receivables	8,289	8,944	11,009	9,600	8,714	8,356
Inventory	3,895	3,453	2,644	2,708	2,808	2,735
Other Current Assets	1,489	1,386	1,383	504.83	671.26	511.29
Total Current Assets	20,939	21,309	20,591	17,829	15,896	14,457
Property, Plant & Equipment	2,224	2,221	2,024	1,903	1,886	1,702
Long-Term Investments	355.89	353.26	340.24	333.9	3.29	20.28
Other Intangible Assets	716.69	748.48	742.61	796.44	824.71	802.12
Long-Term Accounts Receivable	1,158	1,252	1,205	732.06	566.69	460.41
Long-Term Deferred Tax Assets	193.42	189.15	242.58	246.45	181.32	181.95
Long-Term Deferred Charges	209.3	178.91	119.29	61.95	40.92	44.74
Total Assets	25,796	26,251	25,265	21,903	19,399	17,668
Accounts Payable	8,410	9,208	9,732	7,815	5,917	5,330
Accrued Expenses	29.94	118.49	95.24	121.5	204.06	178.7
Short-Term Debt	-	-	78.18	-	-	-
Current Portion of Long-Term Debt	-	0.19	5.24	-	308.14	-
Current Portion of Leases	-	22.86	22.74	17.53	14.03	21.07
Current Income Taxes Payable	54.31	32.93	39.6	44.56	33.06	6.35
Current Unearned Revenue	2,579	2,242	1,713	1,362	1,187	925.64
Other Current Liabilities	636.58	667.03	722.08	496.6	305.95	203.73
Total Current Liabilities	11,710	12,291	12,409	9,857	7,969	6,665
Long-Term Debt	275.3	275.3	153.46	-	-	809.66
Long-Term Leases	34.28	35.03	24.68	19.46	14.25	18.37
Long-Term Unearned Revenue	185.77	188.48	169.06	173.52	191.74	17.58
Long-Term Deferred Tax Liabilities	0.11	0.02	7.29	6.19	4.52	-
Other Long-Term Liabilities	71.65	81.37	119.57	153.56	122.55	1.03
Total Liabilities	12,277	12,871	12,883	10,210	8,302	7,512
Common Stock	1,019	1,019	1,019	1,019	1,008	1,008
Additional Paid-In Capital	667.47	662.82	639.89	606.98	911.89	823.26
Retained Earnings	10,580	10,469	9,697	9,155	8,335	7,589
Treasury Stock	-76.05	-76.05	-126.08	-127.65	-	-
Comprehensive Income & Other	82.59	76.03	65.58	51.53	15.89	0.38
Total Common Equity	12,273	12,151	11,295	10,705	10,271	9,421
Minority Interest	1,246	1,230	1,087	988.33	826.49	735.95
Shareholders' Equity	13,519	13,380	12,382	11,693	11,098	10,157
Total Liabilities & Equity	25,796	26,251	25,265	21,903	19,399	17,668
Total Debt	309.58	333.38	284.3	36.98	336.42	849.1
Net Cash (Debt)	6,956	7,194	5,270	4,979	3,366	2,005
Net Cash Growth	30.74%	36.50%	5.85%	47.91%	67.88%	115.60%
Net Cash Per Share	6.87	7.10	5.20	4.93	3.23	1.99
Filing Date Shares Outstanding	1,019	1,019	1,019	1,019	1,008	1,008
Total Common Shares Outstanding	1,019	1,019	1,019	1,019	1,008	1,008
Working Capital	9,229	9,018	8,182	7,972	7,927	7,792
Book Value Per Share	12.05	11.93	11.09	10.51	10.19	9.34
Tangible Book Value	11,556	11,402	10,553	9,909	9,446	8,619
Tangible Book Value Per Share	11.34	11.19	10.36	9.72	9.37	8.55
Buildings	-	1,995	1,838	1,823	1,799	1,574
Machinery	-	2,114	1,979	1,875	1,817	1,559
Construction In Progress	-	122.32	209.45	101.19	52.36	140.84

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