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	780.99	184.46	348.94	134.15	142.45
Trading Asset Securities	56.23	4.02	-	-	-
Cash & Short-Term Investments	837.22	188.48	348.94	134.15	142.45
Cash Growth	344.20%	-45.99%	160.11%	-5.83%	4.64%
Accounts Receivable	316.83	302.39	369.96	263.25	254.07
Other Receivables	13.02	26.67	6.33	9.13	23.3
Receivables	329.85	329.06	376.29	272.38	277.37
Inventory	434.26	429.69	432.75	692.53	564.47
Other Current Assets	56.21	64.04	36.62	41.84	64.83
Total Current Assets	1,658	1,011	1,195	1,141	1,049
Property, Plant & Equipment	885.44	852.88	836.88	808.95	838.17
Long-Term Investments	27.63	40.08	42.31	35.59	37.2
Goodwill	34.98	34.98	34.98	34.98	34.98
Other Intangible Assets	76.59	80.88	85.32	89.99	27.76
Long-Term Deferred Tax Assets	22.89	21.94	21.73	23.93	21
Long-Term Deferred Charges	2.45	0.57	0.74	0.74	0.98
Other Long-Term Assets	130.25	191.75	176.98	171.36	173.45
Total Assets	2,838	2,234	2,394	2,306	2,183
Accounts Payable	432.96	269.43	273.34	254.91	297.46
Accrued Expenses	50.2	68.29	64.5	49.31	52.7
Short-Term Debt	120.06	86.08	143.6	257.64	226.97
Current Portion of Long-Term Debt	78.08	78.09	87.38	61.04	-
Current Portion of Leases	-	-	15.72	14.59	40
Current Income Taxes Payable	23.4	0.01	4.4	2.01	2.89
Current Unearned Revenue	277.94	467.1	392.18	410.28	304.45
Other Current Liabilities	115.34	39.31	39.21	72.09	63.51
Total Current Liabilities	1,098	1,008	1,020	1,122	987.98
Long-Term Debt	-	-	49.56	20	63.04
Long-Term Leases	13.46	7.59	9.37	27.09	23.37
Long-Term Unearned Revenue	47.79	28.56	28.25	20.18	16.78
Long-Term Deferred Tax Liabilities	3.37	2.68	3	3.3	-
Other Long-Term Liabilities	61.57	-	-	-	-
Total Liabilities	1,224	1,047	1,111	1,192	1,091
Common Stock	470.16	404.17	404.17	386	364.72
Additional Paid-In Capital	1,356	1,007	1,001	798.37	673.44
Retained Earnings	-257.93	-265.77	-183.38	-113.18	22.36
Comprehensive Income & Other	-0.45	-0.45	-0.45	-0.39	-0.29
Total Common Equity	1,568	1,145	1,221	1,071	1,060
Minority Interest	45.4	41.98	62.09	43.2	31.25
Shareholders' Equity	1,614	1,187	1,283	1,114	1,091
Total Liabilities & Equity	2,838	2,234	2,394	2,306	2,183
Total Debt	211.61	171.77	305.63	380.36	353.38
Net Cash (Debt)	625.62	16.71	43.31	-246.21	-210.93
Net Cash Growth	3644.16%	-61.42%	-	-	-
Net Cash Per Share	1.48	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	559.57	2.95	174.27	19.03	61.14
Book Value Per Share	3.34	2.83	3.02	2.77	2.91
Tangible Book Value	1,457	1,029	1,101	945.83	997.49
Tangible Book Value Per Share	3.10	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.