Houpu Clean Energy Group 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	-	184.46	348.94	134.15	142.45
Trading Asset Securities	-	4.02	-	-	-
Cash & Short-Term Investments	668.35	188.48	348.94	134.15	142.45
Cash Growth	254.61%	-45.99%	160.11%	-5.83%	4.64%
Accounts Receivable	-	302.39	369.96	263.25	254.07
Other Receivables	-	26.67	6.33	9.13	23.3
Receivables	-	329.06	376.29	272.38	277.37
Inventory	-	429.69	432.75	692.53	564.47
Other Current Assets	-	64.04	36.62	41.84	64.83
Total Current Assets	-	1,011	1,195	1,141	1,049
Property, Plant & Equipment	-	852.88	836.88	808.95	838.17
Long-Term Investments	-	40.08	42.31	35.59	37.2
Goodwill	-	34.98	34.98	34.98	34.98
Other Intangible Assets	-	80.88	85.32	89.99	27.76
Long-Term Deferred Tax Assets	-	21.94	21.73	23.93	21
Long-Term Deferred Charges	-	0.57	0.74	0.74	0.98
Other Long-Term Assets	-	191.75	176.98	171.36	173.45
Total Assets	-	2,234	2,394	2,306	2,183
Accounts Payable	-	269.43	273.34	254.91	297.46
Accrued Expenses	-	68.29	64.5	49.31	52.7
Short-Term Debt	-	86.08	143.6	257.64	226.97
Current Portion of Long-Term Debt	-	78.09	87.38	61.04	-
Current Portion of Leases	-	-	15.72	14.59	40
Current Income Taxes Payable	-	0.01	4.4	2.01	2.89
Current Unearned Revenue	-	467.1	392.18	410.28	304.45
Other Current Liabilities	-	39.31	39.21	72.09	63.51
Total Current Liabilities	-	1,008	1,020	1,122	987.98
Long-Term Debt	-	-	49.56	20	63.04
Long-Term Leases	-	7.59	9.37	27.09	23.37
Long-Term Unearned Revenue	-	28.56	28.25	20.18	16.78
Long-Term Deferred Tax Liabilities	-	2.68	3	3.3	-
Total Liabilities	-	1,047	1,111	1,192	1,091
Common Stock	-	404.17	404.17	386	364.72
Additional Paid-In Capital	-	1,007	1,001	798.37	673.44
Retained Earnings	-	-265.77	-183.38	-113.18	22.36
Comprehensive Income & Other	-	-0.45	-0.45	-0.39	-0.29
Total Common Equity	1,558	1,145	1,221	1,071	1,060
Minority Interest	-	41.98	62.09	43.2	31.25
Shareholders' Equity	1,601	1,187	1,283	1,114	1,091
Total Liabilities & Equity	-	2,234	2,394	2,306	2,183
Total Debt	314.82	171.77	305.63	380.36	353.38
Net Cash (Debt)	353.54	16.71	43.31	-246.21	-210.93
Net Cash Growth	2015.82%	-61.42%	-	-	-
Net Cash Per Share	0.84	0.04	0.11	-0.64	-0.58
Filing Date Shares Outstanding	470.16	404.17	404.17	386	364.72
Total Common Shares Outstanding	470.16	404.17	404.17	386	364.72
Working Capital	-	2.95	174.27	19.03	61.14
Book Value Per Share	3.31	2.83	3.02	2.77	2.91
Tangible Book Value	1,445	1,029	1,101	945.83	997.49
Tangible Book Value Per Share	3.07	2.55	2.72	2.45	2.73
Buildings	-	760.42	724.39	738	735.2
Machinery	-	225.73	246.17	240.22	235.04
Construction In Progress	-	120.16	92.65	29.2	31.01

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