Jiusheng Electric 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	281.47	376.41	263.04	389.49	296.11
Cash & Short-Term Investments	281.47	376.41	263.04	389.49	296.11
Cash Growth	-25.22%	43.10%	-32.47%	31.54%	50.33%
Accounts Receivable	2,489	2,514	2,146	1,517	1,357
Other Receivables	15.73	16.61	16.48	19.28	19.58
Receivables	2,504	2,531	2,162	1,537	1,377
Inventory	278.64	244.24	271.89	252.98	178.93
Prepaid Expenses	0.94	2.74	-	-	-
Other Current Assets	12.95	9.12	8.19	2.27	9.04
Total Current Assets	3,078	3,163	2,706	2,181	1,861
Property, Plant & Equipment	271.27	275.55	259.69	260	176.93
Other Intangible Assets	29.9	30.39	31.43	32.42	33.42
Long-Term Deferred Tax Assets	41.74	36.94	23.95	26.88	22.15
Long-Term Deferred Charges	0.09	0.67	2.84	6.74	8.75
Other Long-Term Assets	14.02	10.34	10.71	8.76	17.87
Total Assets	3,435	3,517	3,034	2,516	2,120
Accounts Payable	762.38	863.8	762.1	897.12	613.14
Accrued Expenses	71.22	76.74	72.36	78	80.32
Short-Term Debt	1,180	1,069	789.56	382.03	311.02
Current Portion of Long-Term Debt	131.07	144.57	33.63	-	-
Current Portion of Leases	0.14	0.3	0.09	0.58	0.39
Current Income Taxes Payable	3.58	-	7.02	10.76	8.36
Current Unearned Revenue	34.19	37.06	22.91	23.47	21.3
Other Current Liabilities	93.24	53.84	36.52	14.27	22.16
Total Current Liabilities	2,276	2,245	1,724	1,406	1,057
Long-Term Debt	119.47	243.99	215.33	30	-
Long-Term Leases	0.32	0.52	0.39	0.46	0.17
Long-Term Unearned Revenue	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	2,396	2,492	1,945	1,445	1,066
Common Stock	226.31	226.31	161.65	161.65	161.65
Additional Paid-In Capital	430.12	430.12	494.78	494.78	509.2
Retained Earnings	382.67	368.34	433	414.66	384.15
Total Common Equity	1,039	1,025	1,089	1,071	1,055
Minority Interest	-	-	-	-	-1.12
Shareholders' Equity	1,039	1,025	1,089	1,071	1,054
Total Liabilities & Equity	3,435	3,517	3,034	2,516	2,120
Total Debt	1,431	1,458	1,039	413.07	311.58
Net Cash (Debt)	-1,150	-1,081	-775.97	-23.58	-15.47
Net Cash Per Share	-4.98	-4.87	-3.37	-0.10	-0.09
Filing Date Shares Outstanding	226.31	226.31	226.31	226.31	226.31
Total Common Shares Outstanding	226.31	226.31	226.31	226.31	226.31
Working Capital	802.41	918.19	981.38	775.04	804.01
Book Value Per Share	4.59	4.53	4.81	4.73	4.66
Tangible Book Value	1,009	994.38	1,058	1,039	1,022
Tangible Book Value Per Share	4.46	4.39	4.68	4.59	4.51
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.