Henan Yicheng 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	646.6	777.75	1,113	2,052	2,446	1,946
Cash & Short-Term Investments	646.6	777.75	1,113	2,052	2,446	1,946
Cash Growth	-62.82%	-30.15%	-45.73%	-16.11%	25.69%	-7.30%
Accounts Receivable	2,677	2,562	2,462	3,176	2,453	932.76
Other Receivables	86.41	86.05	515.45	395.67	256.98	24.75
Receivables	2,764	2,648	2,978	3,572	2,710	957.5
Inventory	2,304	2,173	2,058	2,002	1,567	1,402
Prepaid Expenses	-	5.85	0.9	7.73	12.91	24.5
Other Current Assets	526.19	487.92	440.19	1,310	100.36	364.48
Total Current Assets	6,241	6,092	6,590	8,944	6,836	4,694
Property, Plant & Equipment	6,627	6,681	5,699	6,635	5,561	4,894
Long-Term Investments	204.03	206.89	254.47	292.19	301.36	75.25
Goodwill	38.01	38.01	32.46	32.46	32.46	32.46
Other Intangible Assets	268.71	271.46	241.09	252.29	250.36	249.69
Long-Term Accounts Receivable	-	1.33	1.87	-	-	-
Long-Term Deferred Tax Assets	263	269.09	281.38	246.41	145.27	138.33
Long-Term Deferred Charges	163.9	163.79	157.29	159.69	118.81	54.42
Other Long-Term Assets	98.91	104.98	267.29	279.55	200.47	195.55
Total Assets	13,904	13,828	13,525	16,841	13,446	10,333
Accounts Payable	2,582	2,550	2,345	3,202	2,566	2,232
Accrued Expenses	36.84	49.32	44.74	85.83	115.89	56.97
Short-Term Debt	1,173	1,565	1,233	1,341	1,514	1,223
Current Portion of Long-Term Debt	-	209.94	520.47	95.13	30.2	-
Current Portion of Leases	864.66	652.68	679.48	621.71	422.06	269.85
Current Income Taxes Payable	12.5	2.29	12.55	27.78	36.04	0.72
Current Unearned Revenue	139.44	125.16	56.08	36.34	69.17	81.49
Other Current Liabilities	769.25	603.6	730.82	554.89	431.29	85.19
Total Current Liabilities	5,578	5,758	5,622	5,964	5,185	3,950
Long-Term Debt	1,619	1,224	379.7	628.42	434.76	51.93
Long-Term Leases	1,710	1,697	2,056	2,524	1,295	709.84
Long-Term Unearned Revenue	23.22	24.35	30.03	46.88	47.96	50.42
Long-Term Deferred Tax Liabilities	12.24	11.87	-	-	-	-
Other Long-Term Liabilities	-	2.67	13.02	-	-	-
Total Liabilities	8,942	8,719	8,101	9,163	6,963	4,762
Common Stock	1,873	1,873	1,873	2,176	2,176	2,162
Additional Paid-In Capital	1,827	1,827	1,900	2,584	1,436	1,215
Retained Earnings	587.55	708.75	1,378	2,221	2,187	1,705
Comprehensive Income & Other	9.91	11.27	7.21	8.63	-17.71	-3.94
Total Common Equity	4,298	4,420	5,159	6,989	5,782	5,077
Minority Interest	664.23	689.07	265.33	688.81	701.61	493.9
Shareholders' Equity	4,962	5,109	5,424	7,678	6,483	5,571
Total Liabilities & Equity	13,904	13,828	13,525	16,841	13,446	10,333
Total Debt	5,367	5,350	4,869	5,210	3,696	2,255
Net Cash (Debt)	-4,720	-4,572	-3,755	-3,158	-1,250	-309.45
Net Cash Per Share	-2.44	-2.44	-1.90	-1.45	-0.57	-0.15
Filing Date Shares Outstanding	1,873	1,873	1,873	2,176	2,176	2,162
Total Common Shares Outstanding	1,873	1,873	1,873	2,176	2,176	2,162
Working Capital	662.84	333.74	968.25	2,980	1,652	743.82
Book Value Per Share	2.29	2.36	2.75	3.21	2.66	2.35
Tangible Book Value	3,991	4,111	4,885	6,705	5,499	4,795
Tangible Book Value Per Share	2.13	2.19	2.61	3.08	2.53	2.22
Buildings	-	2,755	1,804	1,675	1,507	1,431
Machinery	-	4,767	3,598	5,747	5,066	4,433
Construction In Progress	-	522.72	1,349	832.34	752.67	835.51

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