Beijing Relpow Technology 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	692.45	654.06	627.73	829.69	633.14	235.19
Short-Term Investments	-	54.57	131.18	25.36	10.14	-
Trading Asset Securities	-	-	100.31	240.84	741.49	-
Cash & Short-Term Investments	692.45	708.62	859.22	1,096	1,385	235.19
Cash Growth	7.33%	-17.53%	-21.59%	-20.86%	488.78%	88.82%
Accounts Receivable	1,090	1,044	1,057	1,173	1,094	810.89
Other Receivables	35.64	4.51	8.73	13.1	32.55	5.04
Receivables	1,125	1,048	1,066	1,186	1,127	815.93
Inventory	832.24	839.03	859.75	1,011	972.78	739.16
Prepaid Expenses	-	-	0.13	0.19	-	-
Other Current Assets	42.09	37.75	20.95	46.69	61.9	48.53
Total Current Assets	2,692	2,634	2,806	3,339	3,546	1,839
Property, Plant & Equipment	1,316	1,304	951.45	689.44	547.76	398.44
Long-Term Investments	98.64	84.24	233.65	230.17	21.41	54.71
Goodwill	2.1	2.1	2.1	11.03	60.08	92.17
Other Intangible Assets	126.63	129.97	122.23	123.75	107.72	52.4
Long-Term Deferred Tax Assets	13.75	12.78	14.2	48.06	45.23	37.26
Long-Term Deferred Charges	33.55	33.85	57.93	80.81	78.78	46.28
Other Long-Term Assets	41.99	44.21	94.94	93.54	66.12	49.14
Total Assets	4,325	4,245	4,282	4,616	4,473	2,569
Accounts Payable	331.64	330.67	380.5	400.81	474.88	510.9
Accrued Expenses	78.98	75.22	66.81	83.72	66.52	42.99
Short-Term Debt	205.12	170.13	253.48	407.5	426.39	420.54
Current Portion of Long-Term Debt	334.81	468.89	234.73	148.93	122.13	74.25
Current Portion of Leases	-	7.26	18.9	19.15	20.61	11.85
Current Income Taxes Payable	12.04	-	-	0.01	1.87	1.31
Current Unearned Revenue	13.36	9.58	32.15	15.09	7.7	38.12
Other Current Liabilities	37.7	21.24	6.67	6.46	4.14	13.92
Total Current Liabilities	1,014	1,083	993.24	1,082	1,124	1,114
Long-Term Debt	758.6	657.64	611.88	268.48	97.02	83.24
Long-Term Leases	7.64	8.57	21.31	22.01	37.82	28.22
Long-Term Unearned Revenue	19.42	19.43	12.03	4.35	4.83	4.12
Long-Term Deferred Tax Liabilities	2.64	2.69	6.59	7.19	7.19	3.58
Total Liabilities	1,867	1,771	1,645	1,384	1,271	1,233
Common Stock	542.5	542.5	542.5	538.3	413.8	265.99
Additional Paid-In Capital	1,528	1,513	1,513	1,510	1,633	187.37
Retained Earnings	186.83	229.9	425.34	980.09	932.92	677.83
Treasury Stock	-32.25	-32.25	-41	-25.22	-	-5.5
Comprehensive Income & Other	68.61	52.05	21.26	0.01	-0.01	0
Total Common Equity	2,294	2,305	2,461	3,003	2,979	1,126
Minority Interest	163.8	167.77	175.59	229.6	222.82	210.49
Shareholders' Equity	2,458	2,473	2,637	3,233	3,202	1,336
Total Liabilities & Equity	4,325	4,245	4,282	4,616	4,473	2,569
Total Debt	1,306	1,312	1,140	866.08	703.96	618.1
Net Cash (Debt)	-613.73	-603.87	-281.07	229.8	680.81	-382.91
Net Cash Growth	-	-	-	-66.25%	-	-
Net Cash Per Share	-1.13	-1.11	-0.52	0.43	1.39	-0.80
Filing Date Shares Outstanding	539.6	585.93	539.6	536.78	537.94	484.09
Total Common Shares Outstanding	539.6	585.93	539.6	536.78	537.94	484.09
Working Capital	1,678	1,551	1,812	2,258	2,422	724.93
Book Value Per Share	4.25	3.93	4.56	5.59	5.54	2.33
Tangible Book Value	2,165	2,173	2,337	2,868	2,812	981.13
Tangible Book Value Per Share	4.01	3.71	4.33	5.34	5.23	2.03
Buildings	-	737.58	320.25	302.67	304.39	239.3
Machinery	-	434.19	404.05	370.57	301.73	217.46
Construction In Progress	-	444.93	457.7	195.04	60.81	52.18

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