Willing New Energy Co., Ltd. (SHE:002667)

Willing New Energy Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Cash & Equivalents	91.5	110.52	133.78	674	255.99	89.57
Short-Term Investments	-	8.47	-	-	-	-
Trading Asset Securities	-	-	-	-	-	293.21
Cash & Short-Term Investments	91.5	118.99	133.78	674	255.99	382.78
Cash Growth	-32.04%	-11.05%	-80.15%	163.29%	-33.12%	6.03%
Accounts Receivable	67.3	55.59	168.94	291.82	160.82	150.16
Other Receivables	44.92	39.77	63.99	42.69	61.21	1.28
Receivables	112.22	95.36	232.92	334.51	222.02	151.44
Inventory	58.15	46.87	121	452.3	179.33	130.28
Other Current Assets	325.67	212.86	77.8	101.66	59.49	8.52
Total Current Assets	587.54	474.09	565.51	1,562	716.83	673.03
Property, Plant & Equipment	874.44	805.88	837.79	598.42	99.97	111.47
Long-Term Investments	187.35	176.8	134.92	154.47	70.81	71.58
Goodwill	715.93	128.85	173.94	173.94	-	-
Other Intangible Assets	211.33	64.69	68.18	69.7	32.58	33.28
Long-Term Deferred Tax Assets	0.37	0.4	3.66	27.88	27.01	19.87
Long-Term Deferred Charges	0.14	0.33	0.65	0.72	1.17	1.1
Other Long-Term Assets	0.19	13.02	233.7	21.41	1.39	0.01
Total Assets	2,577	1,664	2,018	2,609	949.76	910.35
Accounts Payable	203.09	294.36	257.95	150.28	12.78	21.84
Accrued Expenses	4.96	12.1	11.87	26.17	13.65	4.47
Short-Term Debt	234.85	186.81	193.78	495.48	58.1	-
Current Portion of Long-Term Debt	126.67	93.47	39.84	50.05	-	-
Current Portion of Leases	-	1.41	4.51	3.53	4.84	1.31
Current Income Taxes Payable	12.73	0.02	1.98	44.42	0.02	-
Current Unearned Revenue	304.02	41.55	30.41	161.47	108.77	62.94
Other Current Liabilities	979.37	116.27	109.26	221.52	23.17	14.13
Total Current Liabilities	1,866	746.01	649.59	1,153	221.33	104.68
Long-Term Debt	138.01	169.82	244.73	166.21	-	-
Long-Term Leases	1.25	1.28	8.53	1.94	1.09	2.52
Long-Term Unearned Revenue	5.77	5.89	6.04	11.62	11.79	14.49
Long-Term Deferred Tax Liabilities	4.13	4.69	7.15	6.17	0.02	0.05
Other Long-Term Liabilities	154	-	-	3.21	5.13	10.06
Total Liabilities	2,169	927.68	916.04	1,342	239.36	131.8
Common Stock	242.37	242.37	242.46	243.22	231.13	231.13
Additional Paid-In Capital	437.64	437.45	438.28	407.46	235.68	235.68
Retained Earnings	-248.34	-234.25	73.68	296.89	213.61	310.22
Treasury Stock	-77.48	-77.48	-78.73	-166.24	-	-
Comprehensive Income & Other	-2.96	-2.62	0	2.27	1.04	1.52
Total Common Equity	351.23	365.47	675.69	783.61	681.45	778.55
Minority Interest	57.23	370.9	426.61	483.33	28.94	-
Shareholders' Equity	408.46	736.37	1,102	1,267	710.4	778.55
Total Liabilities & Equity	2,577	1,664	2,018	2,609	949.76	910.35
Total Debt	500.78	452.79	491.39	717.21	64.04	3.83
Net Cash (Debt)	-409.27	-333.8	-357.61	-43.21	191.95	378.95
Net Cash Growth	-	-	-	-	-49.35%	5.01%
Net Cash Per Share	-1.73	-1.41	-1.55	-0.18	0.84	1.50
Filing Date Shares Outstanding	242.37	242.37	242.46	243.22	231.13	231.13
Total Common Shares Outstanding	242.37	242.37	242.46	243.22	231.13	231.13
Working Capital	-1,278	-271.92	-84.08	409.55	495.5	568.34
Book Value Per Share	1.45	1.51	2.79	3.22	2.95	3.37
Tangible Book Value	-576.03	171.94	433.57	539.97	648.87	745.27
Tangible Book Value Per Share	-2.38	0.71	1.79	2.22	2.81	3.22
Buildings	-	495.79	486.1	441.36	94.45	95.52
Machinery	-	274.56	236.62	339.02	137.53	137.65
Construction In Progress	-	196.87	212.16	14.68	0.5	1.99

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