Shenzhen SOFARSOLAR Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	1,167	1,368	1,193	1,065	1,659	906.84
Short-Term Investments	-	21.82	65.76	-	-	-
Trading Asset Securities	78.74	156.84	-	-	0.85	-
Cash & Short-Term Investments	1,246	1,546	1,258	1,065	1,659	906.84
Cash Growth	-7.54%	22.88%	18.21%	-35.85%	82.99%	222.20%
Accounts Receivable	1,755	1,604	1,099	1,345	1,022	447.04
Other Receivables	37.52	47.98	53.32	98.69	109.58	38.84
Receivables	1,793	1,652	1,153	1,444	1,132	485.88
Inventory	1,324	1,053	879.21	1,239	1,267	451.84
Prepaid Expenses	-	2.04	4.12	-	-	0.01
Other Current Assets	356.56	140.61	115.29	143.81	140.46	161.89
Total Current Assets	4,720	4,394	3,410	3,891	4,198	2,006
Property, Plant & Equipment	774.02	745.77	757.81	833.24	592.94	239.21
Long-Term Investments	-	186.88	81.72	-	-	-
Other Intangible Assets	86.42	87.88	85.57	84.29	85.42	28.15
Long-Term Deferred Tax Assets	95.3	73.85	23.94	28.22	18.59	8.34
Long-Term Deferred Charges	19.32	25.81	46.59	31.39	19.36	23.78
Other Long-Term Assets	65.46	1.31	19.87	44.9	53.57	2.31
Total Assets	5,760	5,515	4,425	4,913	4,968	2,308

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	1,969	1,703	1,039	1,841	2,442	948.7
Accrued Expenses	31.23	72	40.08	61.93	89.41	36.64
Short-Term Debt	413.17	380.69	371.74	256.83	-	98.36
Current Portion of Long-Term Debt	11.85	-	199.94	22.37	-	-
Current Portion of Leases	-	8.57	24.62	31.61	34.14	27.47
Current Income Taxes Payable	9.09	10.81	0.03	2.46	105.83	16.5
Current Unearned Revenue	124.95	87.97	53.59	48.15	30.54	36.36
Other Current Liabilities	28.64	19.78	17.19	33.73	33.24	22.14
Total Current Liabilities	2,588	2,283	1,746	2,298	2,735	1,186
Long-Term Debt	-	-	-	199.8	176.77	-
Long-Term Leases	22.04	12.22	9.8	41.47	50.49	47.89
Long-Term Unearned Revenue	1.43	1.53	1.73	2.28	0.39	0.44
Long-Term Deferred Tax Liabilities	0.98	0.61	0.52	0.68	1.04	-
Other Long-Term Liabilities	9.6	6.83	16.23	17.84	21.32	11.74
Total Liabilities	2,622	2,304	1,775	2,560	2,985	1,246

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	412.37	412.37	371.13	371.13	371.13	371.13
Additional Paid-In Capital	982.14	955.35	541.07	503.14	472.91	33.79
Retained Earnings	1,742	1,844	1,739	1,480	1,139	256.76
Comprehensive Income & Other	1.73	-0.56	-0.97	-1.36	-0.71	400.33
Shareholders' Equity	3,138	3,211	2,651	2,353	1,983	1,062
Total Liabilities & Equity	5,760	5,515	4,425	4,913	4,968	2,308

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	447.05	401.48	606.09	552.08	261.39	173.72
Net Cash (Debt)	799.16	1,145	652.33	512.45	1,398	733.12
Net Cash Growth	-11.67%	75.50%	27.30%	-63.34%	90.69%	184.36%
Net Cash Per Share	1.92	2.85	1.76	1.38	3.77	2.04
Filing Date Shares Outstanding	412.19	412.37	412.37	371.13	370.69	371.13
Total Common Shares Outstanding	412.19	412.37	371.13	371.13	370.69	371.13
Working Capital	2,132	2,111	1,663	1,593	1,463	820.29
Book Value Per Share	7.61	7.79	7.14	6.34	5.35	2.86
Tangible Book Value	3,052	3,123	2,565	2,269	1,897	1,034
Tangible Book Value Per Share	7.40	7.57	6.91	6.11	5.12	2.79
Buildings	-	348.98	348.98	348.98	-	-
Machinery	-	550.82	544.71	460.05	187.96	114.68
Construction In Progress	-	98.98	15.05	52.3	367.28	70.43