Shenzhen SOFARSOLAR 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	1,038	1,368	1,193	1,065	1,659	906.84
Short-Term Investments	-	-	65.76	-	-	-
Trading Asset Securities	84.21	156.84	-	-	0.85	-
Cash & Short-Term Investments	1,122	1,524	1,258	1,065	1,659	906.84
Cash Growth	-27.66%	21.14%	18.21%	-35.85%	82.99%	222.20%
Accounts Receivable	1,854	1,604	1,099	1,345	1,022	447.04
Other Receivables	51.42	47.41	53.32	98.69	109.58	38.84
Receivables	1,906	1,651	1,153	1,444	1,132	485.88
Inventory	1,017	1,053	879.21	1,239	1,267	451.84
Prepaid Expenses	-	-	4.12	-	-	0.01
Other Current Assets	182.41	165.05	115.29	143.81	140.46	161.89
Total Current Assets	4,227	4,394	3,410	3,891	4,198	2,006
Property, Plant & Equipment	749.64	745.77	757.81	833.24	592.94	239.21
Long-Term Investments	-	-	81.72	-	-	-
Other Intangible Assets	87.15	87.88	85.57	84.29	85.42	28.15
Long-Term Deferred Tax Assets	87.68	73.85	23.94	28.22	18.59	8.34
Long-Term Deferred Charges	21.48	25.81	46.59	31.39	19.36	23.78
Other Long-Term Assets	169.02	188.2	19.87	44.9	53.57	2.31
Total Assets	5,342	5,515	4,425	4,913	4,968	2,308
Accounts Payable	1,649	1,703	1,039	1,841	2,442	948.7
Accrued Expenses	27.41	67.51	40.08	61.93	89.41	36.64
Short-Term Debt	275.21	380.69	371.74	256.83	-	98.36
Current Portion of Long-Term Debt	8.56	8.57	199.94	22.37	-	-
Current Portion of Leases	-	-	24.62	31.61	34.14	27.47
Current Income Taxes Payable	17.07	16.28	0.03	2.46	105.83	16.5
Current Unearned Revenue	111.25	87.97	53.59	48.15	30.54	36.36
Other Current Liabilities	28.66	18.81	17.19	33.73	33.24	22.14
Total Current Liabilities	2,117	2,283	1,746	2,298	2,735	1,186
Long-Term Debt	-	-	-	199.8	176.77	-
Long-Term Leases	19.45	12.22	9.8	41.47	50.49	47.89
Long-Term Unearned Revenue	1.48	1.53	1.73	2.28	0.39	0.44
Long-Term Deferred Tax Liabilities	1.7	0.61	0.52	0.68	1.04	-
Other Long-Term Liabilities	13.41	6.83	16.23	17.84	21.32	11.74
Total Liabilities	2,153	2,304	1,775	2,560	2,985	1,246
Common Stock	412.37	412.37	371.13	371.13	371.13	371.13
Additional Paid-In Capital	966.8	955.35	541.07	503.14	472.91	33.79
Retained Earnings	1,809	1,844	1,739	1,480	1,139	256.76
Comprehensive Income & Other	0.18	-0.56	-0.97	-1.36	-0.71	400.33
Shareholders' Equity	3,189	3,211	2,651	2,353	1,983	1,062
Total Liabilities & Equity	5,342	5,515	4,425	4,913	4,968	2,308
Total Debt	303.22	401.48	606.09	552.08	261.39	173.72
Net Cash (Debt)	818.94	1,123	652.33	512.45	1,398	733.12
Net Cash Growth	-13.05%	72.15%	27.30%	-63.34%	90.69%	184.36%
Net Cash Per Share	1.96	2.79	1.76	1.38	3.77	2.04
Filing Date Shares Outstanding	436.11	427.93	412.37	371.13	370.69	371.13
Total Common Shares Outstanding	436.11	427.93	371.13	371.13	370.69	371.13
Working Capital	2,110	2,111	1,663	1,593	1,463	820.29
Book Value Per Share	7.31	7.50	7.14	6.34	5.35	2.86
Tangible Book Value	3,101	3,123	2,565	2,269	1,897	1,034
Tangible Book Value Per Share	7.11	7.30	6.91	6.11	5.12	2.79
Buildings	-	-	348.98	348.98	-	-
Machinery	-	-	544.71	460.05	187.96	114.68
Construction In Progress	-	-	15.05	52.3	367.28	70.43

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