Houpu Clean Energy Group Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	649.25	184.46	348.94	134.15	142.45	136.13
Trading Asset Securities	19.1	4.02	-	-	-	-
Cash & Short-Term Investments	668.35	188.48	348.94	134.15	142.45	136.13
Cash Growth	187.37%	-45.99%	160.11%	-5.83%	4.64%	31.53%
Accounts Receivable	317.17	302.39	369.96	263.25	254.07	182.35
Other Receivables	11.26	26.67	6.33	9.13	23.3	17.54
Receivables	328.43	329.06	376.29	272.38	277.37	199.89
Inventory	493.97	429.69	432.75	692.53	564.47	424.71
Other Current Assets	65.06	64.04	36.62	41.84	64.83	76.77
Total Current Assets	1,556	1,011	1,195	1,141	1,049	837.5
Property, Plant & Equipment	896.01	852.88	836.88	808.95	838.17	780.43
Long-Term Investments	111.86	40.08	42.31	35.59	37.2	15.71
Goodwill	34.98	34.98	34.98	34.98	34.98	34.98
Other Intangible Assets	77.48	80.88	85.32	89.99	27.76	27.44
Long-Term Deferred Tax Assets	23.08	21.94	21.73	23.93	21	19.94
Long-Term Deferred Charges	0.98	0.57	0.74	0.74	0.98	0.78
Other Long-Term Assets	159.03	191.75	176.98	171.36	173.45	195.53
Total Assets	2,859	2,234	2,394	2,306	2,183	1,912
Accounts Payable	330.38	269.43	273.34	254.91	297.46	210.55
Accrued Expenses	11.57	68.29	64.5	49.31	52.7	44.93
Short-Term Debt	220.12	86.08	143.6	257.64	226.97	116
Current Portion of Long-Term Debt	80.07	78.09	87.38	61.04	-	-
Current Portion of Leases	-	-	15.72	14.59	40	38.69
Current Income Taxes Payable	15.64	0.01	4.4	2.01	2.89	0.89
Current Unearned Revenue	413.28	467.1	392.18	410.28	304.45	281.61
Other Current Liabilities	59.58	39.31	39.21	72.09	63.51	56.89
Total Current Liabilities	1,131	1,008	1,020	1,122	987.98	749.56
Long-Term Debt	-	-	49.56	20	63.04	65
Long-Term Leases	14.62	7.59	9.37	27.09	23.37	-
Long-Term Unearned Revenue	48.28	28.56	28.25	20.18	16.78	19.71
Long-Term Deferred Tax Liabilities	3.53	2.68	3	3.3	-	-
Other Long-Term Liabilities	61.04	-	-	-	-	-
Total Liabilities	1,258	1,047	1,111	1,192	1,091	834.27
Common Stock	470.16	404.17	404.17	386	364.72	364.72
Additional Paid-In Capital	1,356	1,007	1,001	798.37	673.44	673.44
Retained Earnings	-268.31	-265.77	-183.38	-113.18	22.36	11.45
Comprehensive Income & Other	-0.44	-0.45	-0.45	-0.39	-0.29	0.29
Total Common Equity	1,558	1,145	1,221	1,071	1,060	1,050
Minority Interest	43.31	41.98	62.09	43.2	31.25	28.14
Shareholders' Equity	1,601	1,187	1,283	1,114	1,091	1,078
Total Liabilities & Equity	2,859	2,234	2,394	2,306	2,183	1,912
Total Debt	314.82	171.77	305.63	380.36	353.38	219.69
Net Cash (Debt)	353.54	16.71	43.31	-246.21	-210.93	-83.56
Net Cash Growth	-	-61.42%	-	-	-	-
Net Cash Per Share	0.88	0.04	0.11	-0.64	-0.58	-0.23
Filing Date Shares Outstanding	470.16	404.17	404.17	386	364.72	364.72
Total Common Shares Outstanding	470.16	404.17	404.17	386	364.72	364.72
Working Capital	425.16	2.95	174.27	19.03	61.14	87.94
Book Value Per Share	3.31	2.83	3.02	2.77	2.91	2.88
Tangible Book Value	1,445	1,029	1,101	945.83	997.49	987.48
Tangible Book Value Per Share	3.07	2.55	2.72	2.45	2.73	2.71
Buildings	-	760.42	724.39	738	735.2	720.36
Machinery	-	225.73	246.17	240.22	235.04	193.9
Construction In Progress	-	120.16	92.65	29.2	31.01	36.32

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