Shenwu Energy Saving 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	76.85	7.64	18.47	9.72	23.76
Trading Asset Securities	4.18	-	-	-	6.29
Cash & Short-Term Investments	81.03	7.64	18.47	9.72	30.05
Cash Growth	960.96%	-58.64%	90.01%	-67.66%	1519.02%
Accounts Receivable	129	152.74	127.8	169.91	101.47
Other Receivables	5.42	11.45	10.94	13.8	21.76
Receivables	134.42	164.19	138.75	183.71	123.23
Inventory	22.58	2.89	2.82	1.17	0.83
Prepaid Expenses	-	0	-	-	-
Other Current Assets	110.85	40.75	13.96	7.29	9.61
Total Current Assets	348.88	215.47	173.99	201.89	163.72
Property, Plant & Equipment	10.01	1.45	0.21	0.21	0.22
Goodwill	99.8	128.01	128.01	128.01	128.01
Other Intangible Assets	1.73	2.08	2.46	2.93	3.32
Long-Term Deferred Tax Assets	9.55	26.68	18.21	19.17	20.71
Long-Term Deferred Charges	0.04	0.07	-	-	0.08
Total Assets	470	373.76	322.88	352.21	316.05
Accounts Payable	141.27	79.88	88.54	92.15	64.73
Accrued Expenses	8.67	26.87	18.32	14.9	18.35
Short-Term Debt	47.68	17.97	62.59	74.9	70.19
Current Portion of Long-Term Debt	2.06	-	-	-	-
Current Income Taxes Payable	13.57	0.26	0.79	2.04	1.53
Current Unearned Revenue	102.24	4.29	2.91	0.21	0.17
Other Current Liabilities	31.42	13.59	15.08	44.89	24.6
Total Current Liabilities	346.92	142.87	188.23	229.1	179.58
Long-Term Leases	6.61	-	-	-	-
Long-Term Deferred Tax Liabilities	0.5	0.38	0.33	0.39	0.45
Other Long-Term Liabilities	7.59	7.59	5.19	5.19	-
Total Liabilities	361.61	150.83	193.74	234.67	180.02
Common Stock	100.5	95.62	91.19	91.19	91.19
Additional Paid-In Capital	601.95	591.57	513.38	486.6	484.21
Retained Earnings	-615.45	-545.7	-523.58	-506.54	-490.63
Total Common Equity	87.01	141.49	81	71.25	84.78
Minority Interest	21.38	81.45	48.14	46.29	51.25
Shareholders' Equity	108.39	222.93	129.14	117.54	136.03
Total Liabilities & Equity	470	373.76	322.88	352.21	316.05
Total Debt	56.35	17.97	62.59	74.9	70.19
Net Cash (Debt)	24.68	-10.34	-44.13	-65.18	-40.14
Net Cash Per Share	0.04	-0.02	-0.07	-0.10	-0.06
Filing Date Shares Outstanding	647.5	643.62	637.25	637.25	637.25
Total Common Shares Outstanding	647.5	643.62	637.25	637.25	637.25
Working Capital	1.96	72.61	-14.24	-27.21	-15.86
Book Value Per Share	0.13	0.22	0.13	0.11	0.13
Tangible Book Value	-14.51	11.4	-49.47	-59.69	-46.55
Tangible Book Value Per Share	-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.