Willing New Energy 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	215.13	74.43	110.52	133.78	674	255.99
Short-Term Investments	-	-	8.47	-	-	-
Cash & Short-Term Investments	215.13	74.43	118.99	133.78	674	255.99
Cash Growth	374.72%	-37.45%	-11.05%	-80.15%	163.29%	-33.12%
Accounts Receivable	23.05	30.85	55.59	168.94	291.82	160.82
Other Receivables	48.14	30.4	39.77	63.99	42.69	61.21
Receivables	71.2	61.25	95.36	232.92	334.51	222.02
Inventory	49.35	52.66	46.87	121	452.3	179.33
Other Current Assets	104.39	70.48	212.86	77.8	101.66	59.49
Total Current Assets	440.08	258.82	474.09	565.51	1,562	716.83
Property, Plant & Equipment	780.63	786.09	805.88	837.79	598.42	99.97
Long-Term Investments	165.37	165.7	176.8	134.92	154.47	70.81
Goodwill	141.88	141.88	128.85	173.94	173.94	-
Other Intangible Assets	289.81	290.74	64.69	68.18	69.7	32.58
Long-Term Deferred Tax Assets	2.82	2.93	0.4	3.66	27.88	27.01
Long-Term Deferred Charges	8.34	9.96	0.33	0.65	0.72	1.17
Other Long-Term Assets	12.04	14.35	13.02	233.7	21.41	1.39
Total Assets	1,841	1,670	1,664	2,018	2,609	949.76
Accounts Payable	183.18	197.05	294.36	257.95	150.28	12.78
Accrued Expenses	8.84	27.83	12.1	11.87	26.17	13.65
Short-Term Debt	194.15	429.24	186.81	193.78	495.48	58.1
Current Portion of Long-Term Debt	259.39	99.11	93.47	39.84	50.05	-
Current Portion of Leases	-	0.51	1.41	4.51	3.53	4.84
Current Income Taxes Payable	28.01	0.26	0.02	1.98	44.42	0.02
Current Unearned Revenue	61.67	25.71	41.55	30.41	161.47	108.77
Other Current Liabilities	367.24	304.17	116.27	109.26	221.52	23.17
Total Current Liabilities	1,102	1,084	746.01	649.59	1,153	221.33
Long-Term Debt	330.51	215.96	169.82	244.73	166.21	-
Long-Term Leases	10.04	10.25	1.28	8.53	1.94	1.09
Long-Term Unearned Revenue	5.69	5.73	5.89	6.04	11.62	11.79
Long-Term Deferred Tax Liabilities	74.29	74.33	4.69	7.15	6.17	0.02
Other Long-Term Liabilities	125.04	125.04	-	-	3.21	5.13
Total Liabilities	1,648	1,515	927.68	916.04	1,342	239.36
Common Stock	260.59	260.59	242.37	242.46	243.22	231.13
Additional Paid-In Capital	546.58	546.58	437.45	438.28	407.46	235.68
Retained Earnings	-635.91	-648.79	-234.25	73.68	296.89	213.61
Treasury Stock	-188.63	-188.63	-77.48	-78.73	-166.24	-
Comprehensive Income & Other	-2.52	-1.81	-2.62	0	2.27	1.04
Total Common Equity	-19.89	-32.05	365.47	675.69	783.61	681.45
Minority Interest	212.81	187.36	370.9	426.61	483.33	28.94
Shareholders' Equity	192.92	155.31	736.37	1,102	1,267	710.4
Total Liabilities & Equity	1,841	1,670	1,664	2,018	2,609	949.76
Total Debt	794.1	755.06	452.79	491.39	717.21	64.04
Net Cash (Debt)	-578.96	-680.63	-333.8	-357.61	-43.21	191.95
Net Cash Growth	-	-	-	-	-	-49.35%
Net Cash Per Share	-2.30	-2.77	-1.41	-1.55	-0.18	0.84
Filing Date Shares Outstanding	260.86	260.59	242.37	242.46	243.22	231.13
Total Common Shares Outstanding	260.86	260.59	242.37	242.46	243.22	231.13
Working Capital	-662.41	-825.05	-271.92	-84.08	409.55	495.5
Book Value Per Share	-0.08	-0.12	1.51	2.79	3.22	2.95
Tangible Book Value	-451.58	-464.67	171.94	433.57	539.97	648.87
Tangible Book Value Per Share	-1.73	-1.78	0.71	1.79	2.22	2.81
Buildings	-	576.61	495.79	486.1	441.36	94.45
Machinery	-	497.68	274.56	236.62	339.02	137.53
Construction In Progress	-	114.68	196.87	212.16	14.68	0.5