Henan Yicheng New Energy Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	1,209	777.75	1,113	2,052	2,446	1,946
Cash & Short-Term Investments	1,209	777.75	1,113	2,052	2,446	1,946
Cash Growth	-14.90%	-30.15%	-45.73%	-16.11%	25.69%	-7.30%
Accounts Receivable	2,542	2,562	2,462	3,176	2,453	932.76
Other Receivables	70.18	86.05	515.45	395.67	256.98	24.75
Receivables	2,613	2,648	2,978	3,572	2,710	957.5
Inventory	2,293	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	534.14	487.92	440.19	1,310	100.36	364.48
Total Current Assets	6,649	6,092	6,590	8,944	6,836	4,694
Property, Plant & Equipment	6,592	6,681	5,699	6,635	5,561	4,894
Long-Term Investments	208.09	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	265.97	271.46	241.09	252.29	250.36	249.69
Long-Term Accounts Receivable	-	1.33	1.87	-	-	-
Long-Term Deferred Tax Assets	264.66	269.09	281.38	246.41	145.27	138.33
Long-Term Deferred Charges	156.71	163.79	157.29	159.69	118.81	54.42
Other Long-Term Assets	110.21	104.98	267.29	279.55	200.47	195.55
Total Assets	14,285	13,828	13,525	16,841	13,446	10,333

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	3,030	2,550	2,345	3,202	2,566	2,232
Accrued Expenses	37.16	49.32	44.74	85.83	115.89	56.97
Short-Term Debt	1,279	1,565	1,233	1,341	1,514	1,223
Current Portion of Long-Term Debt	784.72	209.94	520.47	95.13	30.2	-
Current Portion of Leases	-	652.68	679.48	621.71	422.06	269.85
Current Income Taxes Payable	5.98	2.29	12.55	27.78	36.04	0.72
Current Unearned Revenue	76.03	125.16	56.08	36.34	69.17	81.49
Other Current Liabilities	710.81	603.6	730.82	554.89	431.29	85.19
Total Current Liabilities	5,924	5,758	5,622	5,964	5,185	3,950
Long-Term Debt	1,754	1,224	379.7	628.42	434.76	51.93
Long-Term Leases	579.69	1,697	2,056	2,524	1,295	709.84
Long-Term Unearned Revenue	18.08	24.35	30.03	46.88	47.96	50.42
Long-Term Deferred Tax Liabilities	12.03	11.87	-	-	-	-
Other Long-Term Liabilities	1,256	2.67	13.02	-	-	-
Total Liabilities	9,543	8,719	8,101	9,163	6,963	4,762

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
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	419.32	708.75	1,378	2,221	2,187	1,705
Comprehensive Income & Other	8.62	11.27	7.21	8.63	-17.71	-3.94
Total Common Equity	4,128	4,420	5,159	6,989	5,782	5,077
Minority Interest	613.66	689.07	265.33	688.81	701.61	493.9
Shareholders' Equity	4,742	5,109	5,424	7,678	6,483	5,571
Total Liabilities & Equity	14,285	13,828	13,525	16,841	13,446	10,333

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	4,397	5,350	4,869	5,210	3,696	2,255
Net Cash (Debt)	-3,188	-4,572	-3,755	-3,158	-1,250	-309.45
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.65	-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	725.52	333.74	968.25	2,980	1,652	743.82
Book Value Per Share	2.20	2.36	2.75	3.21	2.66	2.35
Tangible Book Value	3,824	4,111	4,885	6,705	5,499	4,795
Tangible Book Value Per Share	2.04	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