Shenzhen SOFARSOLAR Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	1,224	1,193	1,065	1,659	906.84	281.45
Short-Term Investments	-	65.76	-	-	-	-
Trading Asset Securities	0.18	-	-	0.85	-	-
Cash & Short-Term Investments	1,224	1,258	1,065	1,659	906.84	281.45
Cash Growth	14.96%	18.21%	-35.85%	82.99%	222.20%	584.77%
Accounts Receivable	1,514	1,099	1,345	1,022	447.04	123.84
Other Receivables	52.15	53.32	98.69	109.58	38.84	43.71
Receivables	1,566	1,153	1,444	1,132	485.88	167.55
Inventory	975.51	879.21	1,239	1,267	451.84	203.72
Prepaid Expenses	-	4.12	-	-	0.01	-
Other Current Assets	123.14	115.29	143.81	140.46	161.89	74.14
Total Current Assets	3,889	3,410	3,891	4,198	2,006	726.86
Property, Plant & Equipment	735.43	757.81	833.24	592.94	239.21	45.41
Long-Term Investments	-	81.72	-	-	-	-
Other Intangible Assets	88.51	85.57	84.29	85.42	28.15	6.46
Long-Term Deferred Tax Assets	27.22	23.94	28.22	18.59	8.34	4.11
Long-Term Deferred Charges	30.49	46.59	31.39	19.36	23.78	5.12
Other Long-Term Assets	134.42	19.87	44.9	53.57	2.31	6.1
Total Assets	4,905	4,425	4,913	4,968	2,308	794.06
Accounts Payable	1,272	1,039	1,841	2,442	948.7	434.26
Accrued Expenses	25.86	40.08	61.93	89.41	36.64	31.82
Short-Term Debt	269.87	371.74	256.83	-	98.36	9.47
Current Portion of Long-Term Debt	-	199.94	22.37	-	-	-
Current Portion of Leases	11.71	24.62	31.61	34.14	27.47	9.75
Current Income Taxes Payable	17.19	0.03	2.46	105.83	16.5	18.33
Current Unearned Revenue	83.66	53.59	48.15	30.54	36.36	26.71
Other Current Liabilities	43.45	17.19	33.73	33.24	22.14	9.89
Total Current Liabilities	1,723	1,746	2,298	2,735	1,186	540.22
Long-Term Debt	-	-	199.8	176.77	-	-
Long-Term Leases	0.62	9.8	41.47	50.49	47.89	4.42
Long-Term Unearned Revenue	1.58	1.73	2.28	0.39	0.44	-
Long-Term Deferred Tax Liabilities	0.39	0.52	0.68	1.04	-	-
Other Long-Term Liabilities	19.92	16.23	17.84	21.32	11.74	6.61
Total Liabilities	1,746	1,775	2,560	2,985	1,246	551.25
Common Stock	412.37	371.13	371.13	371.13	371.13	50
Additional Paid-In Capital	945.46	541.07	503.14	472.91	33.79	12.63
Retained Earnings	1,801	1,739	1,480	1,139	256.76	91.07
Comprehensive Income & Other	-0.21	-0.97	-1.36	-0.71	400.33	89.11
Shareholders' Equity	3,159	2,651	2,353	1,983	1,062	242.81
Total Liabilities & Equity	4,905	4,425	4,913	4,968	2,308	794.06
Total Debt	282.21	606.09	552.08	261.39	173.72	23.64
Net Cash (Debt)	941.61	652.33	512.45	1,398	733.12	257.82
Net Cash Growth	83.75%	27.30%	-63.34%	90.69%	184.36%	527.25%
Net Cash Per Share	2.43	1.76	1.38	3.77	2.04	0.72
Filing Date Shares Outstanding	412.37	412.37	371.13	370.69	371.13	356.74
Total Common Shares Outstanding	412.37	371.13	371.13	370.69	371.13	356.74
Working Capital	2,166	1,663	1,593	1,463	820.29	186.64
Book Value Per Share	7.66	7.14	6.34	5.35	2.86	0.68
Tangible Book Value	3,071	2,565	2,269	1,897	1,034	236.35
Tangible Book Value Per Share	7.45	6.91	6.11	5.12	2.79	0.66
Buildings	-	348.98	348.98	-	-	-
Machinery	-	544.71	460.05	187.96	114.68	49.7
Construction In Progress	-	15.05	52.3	367.28	70.43	5.08

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