Jiawei Renewable 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	216.75	240.76	506.03	182.19	441.09	138.95
Short-Term Investments	-	-	21.66	-	-	-
Cash & Short-Term Investments	223.62	240.76	527.7	182.19	441.09	138.95
Cash Growth	-35.04%	-54.37%	189.64%	-58.70%	217.44%	157.82%
Accounts Receivable	406.91	311.58	484.69	619.93	313.52	514.49
Other Receivables	84.51	84.98	145.21	79.45	70.75	422.48
Receivables	491.42	396.56	629.91	699.38	384.27	936.96
Inventory	52.33	161.05	181.19	128.46	121.34	195.61
Other Current Assets	119.16	137.81	71.33	82.54	72.48	107.26
Total Current Assets	886.53	936.18	1,410	1,093	1,019	1,379
Property, Plant & Equipment	1,404	1,435	878.15	1,187	789.73	1,082
Long-Term Investments	248.36	247.51	236.41	561.37	444.97	378.54
Goodwill	8.44	8.44	8.44	8.44	4.57	1.5
Other Intangible Assets	8.2	8.41	9.6	28.02	29.03	29.45
Long-Term Accounts Receivable	-	-	1.47	1.56	-	-
Long-Term Deferred Tax Assets	3.51	3.48	4.25	2.16	0.23	-
Long-Term Deferred Charges	19.5	20.65	30.72	24.99	10.18	2.79
Other Long-Term Assets	275.31	268.01	279.2	26.69	38.42	31.25
Total Assets	2,854	2,928	2,858	2,933	2,336	2,904
Accounts Payable	135.98	184.21	201.83	277.23	163.11	293.25
Accrued Expenses	5.52	17.19	14.55	23.27	19.61	170.83
Short-Term Debt	134.16	161.17	137.13	82.14	46.66	296.02
Current Portion of Long-Term Debt	109.49	113.04	298.68	58.79	29	24.4
Current Portion of Leases	-	-	54.01	48.38	14.89	15.4
Current Income Taxes Payable	11.51	12.11	2.95	17.58	3.04	60.37
Current Unearned Revenue	6.21	7.12	1.45	1.61	1.09	1.51
Other Current Liabilities	139.7	116.4	60.08	116.58	164.63	209.74
Total Current Liabilities	542.57	611.25	770.68	625.58	442.03	1,072
Long-Term Debt	305.49	295.52	158.9	281.68	53.8	82.8
Long-Term Leases	51.51	57.4	334.66	151.16	18.86	17.71
Long-Term Unearned Revenue	-	-	-	-	0.61	0.8
Long-Term Deferred Tax Liabilities	19.23	19.27	18.09	17.98	14.53	14.41
Other Long-Term Liabilities	563.8	577.36	-	-	-	-
Total Liabilities	1,483	1,561	1,282	1,076	529.83	1,187
Common Stock	830.19	830.19	830.19	826.03	824.28	824.28
Additional Paid-In Capital	3,433	3,433	3,433	3,418	3,403	3,389
Retained Earnings	-2,824	-2,826	-2,642	-2,365	-2,381	-2,473
Comprehensive Income & Other	-18.57	-22.65	-21.37	-20.86	-20.06	-4.14
Total Common Equity	1,421	1,415	1,600	1,858	1,826	1,737
Minority Interest	-49.73	-47.55	-23.52	-1.09	-19.54	-19.87
Shareholders' Equity	1,371	1,367	1,576	1,857	1,806	1,717
Total Liabilities & Equity	2,854	2,928	2,858	2,933	2,336	2,904
Total Debt	600.65	627.14	983.37	622.15	163.21	436.33
Net Cash (Debt)	-377.03	-386.38	-455.68	-439.96	277.88	-297.38
Net Cash Per Share	-0.46	-0.47	-0.55	-0.53	0.34	-0.36
Filing Date Shares Outstanding	830.1	829.5	830.19	827.24	824.28	824.28
Total Common Shares Outstanding	830.1	829.5	830.19	826.03	824.28	824.28
Working Capital	343.95	324.93	639.44	467	577.15	307.27
Book Value Per Share	1.71	1.71	1.93	2.25	2.22	2.11
Tangible Book Value	1,404	1,398	1,582	1,821	1,792	1,706
Tangible Book Value Per Share	1.69	1.68	1.91	2.20	2.17	2.07
Buildings	-	-	111.31	367.01	27.67	27.67
Machinery	-	-	1,017	1,069	579.46	784.03
Construction In Progress	-	-	20.09	4.69	313.47	393.25

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