Shenwu Energy Saving 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	67.34	76.85	7.64	18.47	9.72	23.76
Trading Asset Securities	4.18	4.18	-	-	-	6.29
Cash & Short-Term Investments	71.52	81.03	7.64	18.47	9.72	30.05
Cash Growth	611.99%	960.96%	-58.64%	90.01%	-67.66%	1519.02%
Accounts Receivable	112.34	129	152.74	127.8	169.91	101.47
Other Receivables	1.49	5.42	11.45	10.94	13.8	21.76
Receivables	113.82	134.42	164.19	138.75	183.71	123.23
Inventory	16.1	22.58	2.89	2.82	1.17	0.83
Prepaid Expenses	-	-	0	-	-	-
Other Current Assets	17.5	110.85	40.75	13.96	7.29	9.61
Total Current Assets	218.94	348.88	215.47	173.99	201.89	163.72
Property, Plant & Equipment	10.11	10.01	1.45	0.21	0.21	0.22
Goodwill	99.8	99.8	128.01	128.01	128.01	128.01
Other Intangible Assets	1.69	1.73	2.08	2.46	2.93	3.32
Long-Term Deferred Tax Assets	9.42	9.55	26.68	18.21	19.17	20.71
Long-Term Deferred Charges	0.03	0.04	0.07	-	-	0.08
Total Assets	339.99	470	373.76	322.88	352.21	316.05
Accounts Payable	124.08	141.27	79.88	88.54	92.15	64.73
Accrued Expenses	6.75	8.67	26.87	18.32	14.9	18.35
Short-Term Debt	61.7	47.68	17.97	62.59	74.9	70.19
Current Portion of Long-Term Debt	1.58	2.06	-	-	-	-
Current Income Taxes Payable	3.73	13.57	0.26	0.79	2.04	1.53
Current Unearned Revenue	11.25	102.24	4.29	2.91	0.21	0.17
Other Current Liabilities	15.09	31.42	13.59	15.08	44.89	24.6
Total Current Liabilities	224.19	346.92	142.87	188.23	229.1	179.58
Long-Term Leases	6.34	6.61	-	-	-	-
Long-Term Deferred Tax Liabilities	0.47	0.5	0.38	0.33	0.39	0.45
Other Long-Term Liabilities	0.47	7.59	7.59	5.19	5.19	-
Total Liabilities	231.47	361.61	150.83	193.74	234.67	180.02
Common Stock	100.5	100.5	95.62	91.19	91.19	91.19
Additional Paid-In Capital	601.95	601.95	591.57	513.38	486.6	484.21
Retained Earnings	-616.45	-615.45	-545.7	-523.58	-506.54	-490.63
Total Common Equity	86.01	87.01	141.49	81	71.25	84.78
Minority Interest	22.52	21.38	81.45	48.14	46.29	51.25
Shareholders' Equity	108.52	108.39	222.93	129.14	117.54	136.03
Total Liabilities & Equity	339.99	470	373.76	322.88	352.21	316.05
Total Debt	69.61	56.35	17.97	62.59	74.9	70.19
Net Cash (Debt)	1.91	24.68	-10.34	-44.13	-65.18	-40.14
Net Cash Per Share	0.00	0.04	-0.02	-0.07	-0.10	-0.06
Filing Date Shares Outstanding	667.63	647.5	643.62	637.25	637.25	637.25
Total Common Shares Outstanding	667.63	647.5	643.62	637.25	637.25	637.25
Working Capital	-5.25	1.96	72.61	-14.24	-27.21	-15.86
Book Value Per Share	0.13	0.13	0.22	0.13	0.11	0.13
Tangible Book Value	-15.48	-14.51	11.4	-49.47	-59.69	-46.55
Tangible Book Value Per Share	-0.02	-0.02	0.02	-0.08	-0.09	-0.07
Machinery	-	-	8.58	3.69	3.67	3.81

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