Sungrow Power Supply Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	22,831	19,799	18,031	11,667	7,790
Short-Term Investments	10.76	-	-	-	-
Trading Asset Securities	10,998	10,165	2,072	1,490	3,813
Cash & Short-Term Investments	33,840	29,964	20,103	13,157	11,603
Cash Growth	12.93%	49.06%	52.79%	13.39%	43.42%
Accounts Receivable	28,210	31,322	24,626	17,274	11,660
Other Receivables	1,901	1,858	1,439	1,172	1,022
Receivables	30,111	33,180	26,066	18,446	12,682
Inventory	27,255	29,028	21,442	19,060	10,768
Prepaid Expenses	332.73	136.75	92.19	38.93	52.13
Other Current Assets	3,889	2,840	1,582	1,292	1,203
Total Current Assets	95,428	95,149	69,284	51,994	36,307
Property, Plant & Equipment	14,099	11,614	8,521	6,292	5,015
Long-Term Investments	1,722	1,489	940.06	531.96	155.17
Goodwill	296.98	296.98	-	-	-
Other Intangible Assets	1,231	1,122	732.42	340.37	174.39
Long-Term Accounts Receivable	1,911	1,778	968.03	855.8	466.37
Long-Term Deferred Tax Assets	3,193	2,951	2,071	1,026	638.43
Long-Term Deferred Charges	176.42	119.32	89.18	98.76	23.7
Other Long-Term Assets	621.13	552.84	270.16	488.91	59.96
Total Assets	118,679	115,074	82,877	61,627	42,840
Accounts Payable	36,636	36,757	28,486	25,926	17,765
Accrued Expenses	3,436	2,777	1,874	1,133	573.1
Short-Term Debt	2,422	4,214	2,793	1,422	1,599
Current Portion of Long-Term Debt	288.05	1,241	1,261	732.33	159.3
Current Portion of Leases	62.08	59.66	81.18	77.55	46.08
Current Income Taxes Payable	829.89	1,523	2,185	399.03	186.8
Current Unearned Revenue	10,656	10,027	6,565	3,788	1,714
Other Current Liabilities	2,898	3,699	2,692	1,990	1,465
Total Current Liabilities	57,228	60,298	45,937	35,469	23,507
Long-Term Debt	3,113	4,913	4,206	4,214	1,948
Long-Term Leases	1,306	3,742	489.21	974.41	283.79
Long-Term Unearned Revenue	313.54	371.21	168.76	166.8	141.48
Long-Term Deferred Tax Liabilities	83.16	82.33	12.61	13.4	14.13
Other Long-Term Liabilities	6,865	5,469	2,608	1,052	242.1
Total Liabilities	68,908	74,875	53,422	41,889	26,136
Common Stock	2,073	2,073	1,485	1,485	1,485
Additional Paid-In Capital	7,265	7,013	7,606	7,053	6,960
Retained Earnings	38,707	29,412	19,795	10,680	7,250
Treasury Stock	-1,617	-1,771	-1,381	-520.75	-15.13
Comprehensive Income & Other	183.38	177.89	200.22	-30.52	-24.22
Total Common Equity	46,611	36,905	27,705	18,667	15,655
Minority Interest	3,161	3,294	1,749	1,071	1,049
Shareholders' Equity	49,772	40,199	29,454	19,738	16,704
Total Liabilities & Equity	118,679	115,074	82,877	61,627	42,840
Total Debt	7,191	14,170	8,830	7,421	4,035
Net Cash (Debt)	26,649	15,795	11,272	5,736	7,568
Net Cash Growth	68.72%	40.12%	96.51%	-24.20%	29.28%
Net Cash Per Share	12.93	7.61	5.43	2.76	3.69
Filing Date Shares Outstanding	2,053	2,047	2,056	2,070	2,079
Total Common Shares Outstanding	2,053	2,047	2,056	2,070	2,079
Working Capital	38,201	34,851	23,347	16,525	12,800
Book Value Per Share	22.71	18.03	13.47	9.02	7.53
Tangible Book Value	45,083	35,486	26,973	18,327	15,481
Tangible Book Value Per Share	21.96	17.33	13.12	8.85	7.45
Buildings	5,155	3,661	2,075	1,203	1,172
Machinery	9,135	7,942	6,186	4,820	4,226
Construction In Progress	2,843	2,265	1,686	1,189	424.31

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