RNBC New Energy 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	187.61	358.7	215.36	187.69	149.31	38.3
Trading Asset Securities	-	-	-	-	4.5	4.53
Cash & Short-Term Investments	187.61	358.7	215.36	187.69	153.81	42.83
Cash Growth	21.97%	66.56%	14.74%	22.02%	259.13%	-
Accounts Receivable	900.42	789.33	612.52	550.3	342.3	108.12
Other Receivables	0.93	0.75	0.79	0.82	1.35	2.57
Receivables	901.35	790.08	613.31	551.13	343.65	110.7
Inventory	232.99	197.18	166.06	169.15	104.47	48.48
Prepaid Expenses	0.26	0.26	0.26	-	-	0
Other Current Assets	12.27	23.6	25.03	4.21	5.37	3.78
Total Current Assets	1,334	1,370	1,020	912.17	607.31	205.79
Property, Plant & Equipment	469.21	452.35	439.2	301.07	169.22	127.59
Other Intangible Assets	44.97	46.27	44.96	41.24	20.66	21.02
Long-Term Deferred Tax Assets	16	10.18	9.51	5.03	7.41	7.85
Long-Term Deferred Charges	15.81	11.99	8.69	4.23	0.1	0.49
Other Long-Term Assets	3.43	1.1	2.71	1.4	13.86	1.46
Total Assets	1,884	1,892	1,525	1,265	818.55	364.2
Accounts Payable	663.08	788.12	633.21	639.85	395.55	140.45
Accrued Expenses	16.87	37.71	27.73	36.07	18.79	9.87
Short-Term Debt	177.14	205.03	125.14	80.5	24.2	71.75
Current Portion of Long-Term Debt	15.86	31	25.4	6.51	3.61	20.03
Current Portion of Leases	2.88	0.71	0.6	-	-	-
Current Income Taxes Payable	16.83	0.42	0.43	0.34	-	3.78
Current Unearned Revenue	2.07	0.42	2.24	0.41	0.91	1
Other Current Liabilities	108.11	44.9	35.68	11.73	12.62	0.9
Total Current Liabilities	1,003	1,108	850.44	775.41	455.67	247.78
Long-Term Debt	102.13	81.79	93.74	34.4	22.84	30.05
Long-Term Leases	28	12.25	0.23	-	-	-
Long-Term Unearned Revenue	60.31	58.21	45.62	22.89	24.04	24.85
Long-Term Deferred Tax Liabilities	1.01	0.78	1.35	-	-	-
Other Long-Term Liabilities	1.44	2.27	2.73	1.38	1.64	0.56
Total Liabilities	1,196	1,264	994.11	834.08	504.19	303.24
Common Stock	83.75	83.75	83.75	83.75	83.75	70
Additional Paid-In Capital	236.87	235.12	233.42	197.43	194.04	2.68
Retained Earnings	367.54	309.25	213.82	149.88	36.57	-11.72
Shareholders' Equity	688.16	628.12	530.99	431.07	314.36	60.96
Total Liabilities & Equity	1,884	1,892	1,525	1,265	818.55	364.2
Total Debt	326.01	330.77	245.11	121.41	50.65	121.83
Net Cash (Debt)	-138.4	27.94	-29.75	66.28	103.16	-79
Net Cash Growth	-	-	-	-35.75%	-	-
Net Cash Per Share	-1.65	0.33	-0.35	0.79	1.43	-1.08
Filing Date Shares Outstanding	83.75	83.75	83.75	83.75	72.08	72.91
Total Common Shares Outstanding	83.75	83.75	83.75	83.75	72.08	72.91
Working Capital	331.64	261.52	169.58	136.76	151.63	-41.99
Book Value Per Share	8.22	7.50	6.34	5.15	4.36	0.84
Tangible Book Value	643.19	581.85	486.03	389.83	293.7	39.94
Tangible Book Value Per Share	7.68	6.95	5.80	4.65	4.07	0.55
Buildings	287.67	286.04	286.04	113.93	105.83	101.62
Machinery	317.24	296.82	251.63	160.27	105.6	90.62
Construction In Progress	18.34	7.42	10.52	108.87	27.85	-

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