Jiusheng Electric 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	263.88	281.47	376.41	263.04	389.49	296.11
Cash & Short-Term Investments	263.88	281.47	376.41	263.04	389.49	296.11
Cash Growth	-31.57%	-25.22%	43.10%	-32.47%	31.54%	50.33%
Accounts Receivable	2,386	2,489	2,514	2,146	1,517	1,357
Other Receivables	19.6	15.73	16.61	16.48	19.28	19.58
Receivables	2,405	2,504	2,531	2,162	1,537	1,377
Inventory	301.36	278.64	244.24	271.89	252.98	178.93
Prepaid Expenses	-	0.94	2.74	-	-	-
Other Current Assets	26.36	12.95	9.12	8.19	2.27	9.04
Total Current Assets	2,997	3,078	3,163	2,706	2,181	1,861
Property, Plant & Equipment	288.27	271.27	275.55	259.69	260	176.93
Other Intangible Assets	29.93	29.9	30.39	31.43	32.42	33.42
Long-Term Deferred Tax Assets	40.51	41.74	36.94	23.95	26.88	22.15
Long-Term Deferred Charges	0.09	0.09	0.67	2.84	6.74	8.75
Other Long-Term Assets	13.84	14.02	10.34	10.71	8.76	17.87
Total Assets	3,370	3,435	3,517	3,034	2,516	2,120
Accounts Payable	763.06	762.38	863.8	762.1	897.12	613.14
Accrued Expenses	5.92	71.22	76.74	72.36	78	80.32
Short-Term Debt	929.45	1,180	1,069	789.56	382.03	311.02
Current Portion of Long-Term Debt	326.24	131.07	144.57	33.63	-	-
Current Portion of Leases	-	0.14	0.3	0.09	0.58	0.39
Current Income Taxes Payable	39.75	3.58	-	7.02	10.76	8.36
Current Unearned Revenue	39.17	34.19	37.06	22.91	23.47	21.3
Other Current Liabilities	51.95	93.24	53.84	36.52	14.27	22.16
Total Current Liabilities	2,156	2,276	2,245	1,724	1,406	1,057
Long-Term Debt	180.47	119.47	243.99	215.33	30	-
Long-Term Leases	0.32	0.32	0.52	0.39	0.46	0.17
Long-Term Unearned Revenue	0.52	0.55	0.69	4.85	5	4.83
Long-Term Deferred Tax Liabilities	-	-	2.11	-	3.31	3.8
Other Long-Term Liabilities	-	-	-	-	-	0.45
Total Liabilities	2,337	2,396	2,492	1,945	1,445	1,066
Common Stock	226.31	226.31	226.31	161.65	161.65	161.65
Additional Paid-In Capital	430.12	430.12	430.12	494.78	494.78	509.2
Retained Earnings	376.36	382.67	368.34	433	414.66	384.15
Total Common Equity	1,033	1,039	1,025	1,089	1,071	1,055
Minority Interest	-	-	-	-	-	-1.12
Shareholders' Equity	1,033	1,039	1,025	1,089	1,071	1,054
Total Liabilities & Equity	3,370	3,435	3,517	3,034	2,516	2,120
Total Debt	1,436	1,431	1,458	1,039	413.07	311.58
Net Cash (Debt)	-1,173	-1,150	-1,081	-775.97	-23.58	-15.47
Net Cash Per Share	-3.91	-3.83	-3.74	-2.59	-0.08	-0.07
Filing Date Shares Outstanding	294.2	294.2	294.2	294.2	294.2	294.2
Total Common Shares Outstanding	294.2	294.2	294.2	294.2	294.2	294.2
Working Capital	841.46	802.41	918.19	981.38	775.04	804.01
Book Value Per Share	3.51	3.53	3.48	3.70	3.64	3.59
Tangible Book Value	1,003	1,009	994.38	1,058	1,039	1,022
Tangible Book Value Per Share	3.41	3.43	3.38	3.60	3.53	3.47
Buildings	-	287.18	280.4	285.34	269.97	170.6
Machinery	-	210.4	195.31	185.24	183.4	139.63
Construction In Progress	-	21.34	27.2	5.2	0.04	47.6

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