Zhejiang Bofay 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	91.01	164.3	95.83	122.24	272.95	112.58
Trading Asset Securities	50	80	-	-	-	-
Cash & Short-Term Investments	141.01	244.3	95.83	122.24	272.95	112.58
Cash Growth	307.78%	154.93%	-21.61%	-55.21%	142.45%	21.65%
Accounts Receivable	395.46	331.77	281.41	293.82	353.24	280.71
Other Receivables	21.23	20.55	16.38	7.34	22.9	2.16
Receivables	416.69	352.32	297.79	301.16	376.14	282.87
Inventory	91.27	77.68	66.24	56.93	46.54	41.81
Other Current Assets	40.66	12.71	15.84	5.98	5.59	8.97
Total Current Assets	689.64	687.01	475.71	486.31	701.23	446.24
Property, Plant & Equipment	446.68	440.03	557.73	323.68	216.05	148.09
Long-Term Investments	49.36	41	40	-	-	-
Goodwill	4.74	4.74	4.74	4.74	9.76	9.76
Other Intangible Assets	79.98	80.54	102.17	104.38	57.04	58.54
Long-Term Deferred Tax Assets	10.8	8.7	3.63	3.6	3.59	5.12
Long-Term Deferred Charges	0.67	0.74	0.94	0.04	0.08	0.12
Other Long-Term Assets	18.61	11.24	10.89	8.88	12.21	5.85
Total Assets	1,300	1,274	1,196	931.63	999.97	673.72
Accounts Payable	150.14	125.49	141.09	80.1	85.76	131.62
Accrued Expenses	7.09	13.18	18.88	10.82	28.1	25.79
Short-Term Debt	59	87.02	104.4	11.01	4.79	-
Current Portion of Long-Term Debt	1.69	1.84	0.94	-	10.01	0.14
Current Portion of Leases	-	-	4.3	5.81	6.36	3.57
Current Income Taxes Payable	14.7	19.96	0.44	0.12	7.17	7.38
Current Unearned Revenue	21.05	2.2	2.29	1.31	1.93	1.92
Other Current Liabilities	104.17	79.03	37.35	31.51	51.26	5.1
Total Current Liabilities	357.84	328.71	309.7	140.67	195.38	175.52
Long-Term Debt	0.5	25.93	97.37	-	-	96
Long-Term Leases	12.15	-	-	-	0.58	-
Long-Term Unearned Revenue	32.96	31	45.93	26.85	24.9	26.08
Long-Term Deferred Tax Liabilities	-	-	-	-	-	0.38
Total Liabilities	403.46	385.64	453.01	167.52	220.86	297.98
Common Stock	87.12	86.45	80	80	80	60
Additional Paid-In Capital	552.5	533.52	379.4	379.4	376.91	65.33
Retained Earnings	302.15	303.74	291.47	285.1	272.91	203.6
Treasury Stock	-44.13	-35.41	-29.62	-	-	-
Comprehensive Income & Other	3.89	3.54	3.77	4.37	4.19	2.99
Total Common Equity	901.52	891.85	725.02	748.87	734.01	331.92
Minority Interest	-4.49	-3.5	17.78	15.25	45.1	43.82
Shareholders' Equity	897.03	888.35	742.8	764.11	779.11	375.73
Total Liabilities & Equity	1,300	1,274	1,196	931.63	999.97	673.72
Total Debt	73.34	114.79	207.02	16.82	21.74	99.71
Net Cash (Debt)	67.67	129.51	-111.19	105.42	251.22	12.87
Net Cash Growth	-	-	-	-58.04%	1851.69%	10.60%
Net Cash Per Share	0.82	1.60	-1.43	1.31	3.88	0.22
Filing Date Shares Outstanding	84	87.93	78.57	80	80	60
Total Common Shares Outstanding	84	87.93	78.57	80	80	60
Working Capital	331.8	358.3	166.01	345.64	505.85	270.72
Book Value Per Share	10.73	10.14	9.23	9.36	9.18	5.53
Tangible Book Value	816.8	806.56	618.1	639.75	667.21	263.61
Tangible Book Value Per Share	9.72	9.17	7.87	8.00	8.34	4.39
Buildings	-	-	456.84	190.91	54.36	54.28
Machinery	-	-	178.46	126.9	103.08	84.35
Construction In Progress	-	-	11.84	83.14	129	73.44

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