Changgao Electric Group 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	Dec '21 Dec 31, 2021
Cash & Equivalents	2,006	1,215	956.77	782.82	704.57	833.6
Trading Asset Securities	148	148.23	147.33	141.09	81.17	2.24
Cash & Short-Term Investments	2,154	1,363	1,104	923.91	785.75	835.84
Cash Growth	80.65%	23.46%	19.50%	17.58%	-5.99%	53.97%
Accounts Receivable	826.38	927.22	1,003	929.25	999.59	1,095
Other Receivables	17.74	18.48	21.43	34.99	85.57	129.42
Receivables	844.12	945.7	1,024	964.25	1,085	1,224
Inventory	531.59	454.12	363.08	362.06	421.49	352.37
Other Current Assets	41.57	26.73	47.4	42.32	37.06	77.21
Total Current Assets	3,572	2,790	2,539	2,293	2,329	2,490
Property, Plant & Equipment	515.08	502.36	505.54	503.69	509.06	418.4
Long-Term Investments	125.01	121.72	140.76	141.21	96.07	87.7
Goodwill	65.41	65.41	65.41	65.41	91.36	110.68
Other Intangible Assets	121.29	122.4	125.6	108.56	111.59	115.43
Long-Term Deferred Tax Assets	53.79	52.95	57.91	46.55	41.71	39.17
Long-Term Deferred Charges	15.91	16.65	19.57	9.93	10.38	3.32
Other Long-Term Assets	71.09	72.81	68.89	73.26	66.27	68.44
Total Assets	4,539	3,744	3,522	3,241	3,256	3,333
Accounts Payable	617.3	596.91	575.51	515.3	628.54	655.69
Accrued Expenses	70.51	51.86	127.88	60.74	48.51	36.68
Short-Term Debt	5.5	8.5	15	21.4	44.08	229.21
Current Portion of Long-Term Debt	-	-	13	5.5	1.5	20.29
Current Income Taxes Payable	-	55.35	27.23	21.8	17.59	15.78
Current Unearned Revenue	55.92	53.02	47.88	47.61	42.39	32.59
Other Current Liabilities	63.39	64.29	16.4	16.22	37.18	33.3
Total Current Liabilities	812.63	829.93	822.89	688.57	819.79	1,024
Long-Term Debt	757.62	54	107	120	125.5	-
Long-Term Leases	13.28	12.74	13.37	5.13	8.02	6.82
Long-Term Unearned Revenue	113.78	113.81	115.4	121.02	140.82	146.4
Long-Term Deferred Tax Liabilities	17.79	3.74	3.82	1.19	1.21	-
Other Long-Term Liabilities	14.31	14.31	48.71	43.74	57.38	62.84
Total Liabilities	1,729	1,029	1,111	979.66	1,153	1,240
Common Stock	620.33	620.33	620.33	620.33	620.33	620.11
Additional Paid-In Capital	629.44	626.16	613.21	628.75	628.72	627.88
Retained Earnings	1,551	1,494	1,220	1,010	849.25	834.9
Treasury Stock	-28.8	-28.8	-44.31	-	-	-
Comprehensive Income & Other	34.57	0.64	0.32	0.34	0.47	0.47
Total Common Equity	2,806	2,712	2,409	2,259	2,099	2,083
Minority Interest	3.88	3.19	2.16	2.13	4.38	9.74
Shareholders' Equity	2,810	2,715	2,411	2,261	2,103	2,093
Total Liabilities & Equity	4,539	3,744	3,522	3,241	3,256	3,333
Total Debt	776.4	75.24	148.37	152.03	179.1	256.33
Net Cash (Debt)	1,378	1,288	955.72	771.88	606.64	579.51
Net Cash Growth	33.22%	34.75%	23.82%	27.24%	4.68%	-
Net Cash Per Share	2.22	2.08	1.54	1.24	0.98	1.03
Filing Date Shares Outstanding	620.16	620.65	607.15	607.15	620.33	620.17
Total Common Shares Outstanding	620.16	620.65	607.15	620.33	620.33	620.11
Working Capital	2,759	1,960	1,716	1,604	1,510	1,466
Book Value Per Share	4.52	4.37	3.97	3.64	3.38	3.36
Tangible Book Value	2,619	2,524	2,218	2,085	1,896	1,857
Tangible Book Value Per Share	4.22	4.07	3.65	3.36	3.06	3.00
Buildings	-	-	456.62	447.49	308.86	256.17
Machinery	-	-	374.55	363.63	337.1	296.61
Construction In Progress	-	-	2.63	1.95	143.53	112.11

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