Greenworks (Jiangsu) 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	2,331	2,945	2,653	2,716	456.66	616.94
Trading Asset Securities	10.1	10.13	401.36	113.47	25.85	13
Cash & Short-Term Investments	2,341	2,955	3,055	2,829	482.5	629.94
Cash Growth	-44.86%	-3.25%	7.97%	486.40%	-23.41%	-0.26%
Accounts Receivable	2,604	1,532	1,718	1,321	1,221	1,059
Other Receivables	195.17	208.82	205.34	151.66	101.76	79.44
Receivables	2,799	1,741	1,923	1,473	1,323	1,139
Inventory	2,732	2,902	2,220	2,199	2,972	2,197
Prepaid Expenses	-	-	-	6.26	7.7	2.08
Other Current Assets	188.12	166.83	106.05	79.48	174.62	261.18
Total Current Assets	8,060	7,766	7,304	6,587	4,960	4,228
Property, Plant & Equipment	1,478	1,456	1,329	1,190	773.79	584.85
Long-Term Investments	31.21	28.71	-	-	-	-
Other Intangible Assets	374.98	383.08	344.55	232.29	224.08	83.84
Long-Term Deferred Tax Assets	369.39	372.28	342.66	310.72	160.91	44.93
Long-Term Deferred Charges	63.47	63.89	53.82	113.23	63.86	57.84
Other Long-Term Assets	332.83	266.72	29.45	26.49	12.28	219.39
Total Assets	10,710	10,336	9,403	8,459	6,195	5,219
Accounts Payable	1,705	1,875	1,816	1,298	1,594	2,016
Accrued Expenses	75.66	88.02	364.94	359.58	178.5	269.45
Short-Term Debt	1,070	1,224	1,073	994.34	1,411	308.17
Current Portion of Long-Term Debt	777.82	713.85	564.24	235.45	507.85	138.27
Current Portion of Leases	-	-	57.08	38.49	32.35	32.15
Current Income Taxes Payable	35.56	44.79	12.65	5.93	4.9	0.74
Current Unearned Revenue	94.27	65.05	72.49	65.7	61.05	101.32
Other Current Liabilities	463.11	448	90.37	91.61	146.3	38.8
Total Current Liabilities	4,221	4,458	4,051	3,089	3,936	2,905
Long-Term Debt	2,005	1,440	779.1	649.5	598.04	749.87
Long-Term Leases	112.39	123.71	132.84	154.17	54.01	70.07
Long-Term Unearned Revenue	6.64	6.68	7.69	8.2	9.08	9.86
Long-Term Deferred Tax Liabilities	3.42	3.12	5.02	7.48	23.24	37.6
Other Long-Term Liabilities	48.15	62.21	51.16	51.81	98.15	91.01
Total Liabilities	6,397	6,093	5,027	3,960	4,719	3,864
Common Stock	483.32	483.13	490.29	489.26	364.62	364.62
Additional Paid-In Capital	4,076	4,074	4,158	4,155	707.57	700.35
Retained Earnings	-211.8	-347.39	7.7	-80.19	424.12	158.25
Treasury Stock	-	-	-87.9	-	-	-
Comprehensive Income & Other	-33.26	33.85	-191.19	-65.05	-20.56	132.46
Total Common Equity	4,314	4,244	4,377	4,499	1,476	1,356
Minority Interest	-0.71	-0.56	-0.65	-0.04	-	-
Shareholders' Equity	4,314	4,243	4,376	4,499	1,476	1,356
Total Liabilities & Equity	10,710	10,336	9,403	8,459	6,195	5,219
Total Debt	3,965	3,501	2,606	2,072	2,603	1,299
Net Cash (Debt)	-1,624	-545.12	448.48	757.46	-2,121	-668.58
Net Cash Growth	-	-	-40.79%	-	-	-
Net Cash Per Share	-3.40	-1.14	0.92	1.63	-5.66	-1.82
Filing Date Shares Outstanding	483.22	470.25	483.65	489.26	364.62	364.62
Total Common Shares Outstanding	483.22	470.25	483.65	489.26	364.62	364.62
Working Capital	3,839	3,307	3,253	3,498	1,023	1,323
Book Value Per Share	8.93	9.02	9.05	9.20	4.05	3.72
Tangible Book Value	3,939	3,861	4,032	4,267	1,252	1,272
Tangible Book Value Per Share	8.15	8.21	8.34	8.72	3.43	3.49
Buildings	-	-	430.27	222.38	172.76	167.04
Machinery	-	-	1,237	988.3	773.08	625.73
Construction In Progress	-	-	93.04	269.75	131	9.47

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