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 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	356.01	815.29	358.7	215.36	187.69	149.31
Trading Asset Securities	300.43	-	-	-	-	4.5
Cash & Short-Term Investments	656.44	815.29	358.7	215.36	187.69	153.81
Cash Growth	204.81%	127.29%	66.56%	14.74%	22.02%	259.13%
Accounts Receivable	879.73	868.94	789.33	612.52	550.3	342.3
Other Receivables	2.31	0.44	0.75	0.79	0.82	1.35
Receivables	882.04	869.37	790.08	613.31	551.13	343.65
Inventory	315.88	297.28	197.18	166.06	169.15	104.47
Prepaid Expenses	-	0.26	0.26	0.26	-	-
Other Current Assets	11.5	10.74	23.6	25.03	4.21	5.37
Total Current Assets	1,866	1,993	1,370	1,020	912.17	607.31
Property, Plant & Equipment	488.36	474	452.35	439.2	301.07	169.22
Other Intangible Assets	44.06	44.54	46.27	44.96	41.24	20.66
Long-Term Deferred Tax Assets	18.38	16.2	10.18	9.51	5.03	7.41
Long-Term Deferred Charges	18.23	16.34	11.99	8.69	4.23	0.1
Other Long-Term Assets	6.32	2.5	1.1	2.71	1.4	13.86
Total Assets	2,441	2,547	1,892	1,525	1,265	818.55
Accounts Payable	733.83	709.05	788.12	633.21	639.85	395.55
Accrued Expenses	12.54	28.3	30.08	23.81	29.84	18.79
Short-Term Debt	180.99	214.67	205.03	125.14	80.5	24.2
Current Portion of Long-Term Debt	4.85	76.33	31	25.4	6.51	3.61
Current Portion of Leases	-	2.78	0.71	0.6	-	-
Current Income Taxes Payable	3.95	4.83	8.05	4.35	6.57	-
Current Unearned Revenue	1.03	1.2	0.42	2.24	0.41	0.91
Other Current Liabilities	85.42	97.37	44.9	35.68	11.73	12.62
Total Current Liabilities	1,023	1,135	1,108	850.44	775.41	455.67
Long-Term Debt	35.94	35.95	81.79	93.74	34.4	22.84
Long-Term Leases	26.66	27.34	12.25	0.23	-	-
Long-Term Unearned Revenue	63.45	63.24	58.21	45.62	22.89	24.04
Long-Term Deferred Tax Liabilities	1.37	1.62	0.78	1.35	-	-
Other Long-Term Liabilities	1.69	1.69	2.27	2.73	1.38	1.64
Total Liabilities	1,152	1,264	1,264	994.11	834.08	504.19
Common Stock	111.67	111.67	83.75	83.75	83.75	83.75
Additional Paid-In Capital	764.68	764.59	235.12	233.42	197.43	194.04
Retained Earnings	413.14	405.9	309.25	213.82	149.88	36.57
Shareholders' Equity	1,289	1,282	628.12	530.99	431.07	314.36
Total Liabilities & Equity	2,441	2,547	1,892	1,525	1,265	818.55
Total Debt	248.44	357.07	330.77	245.11	121.41	50.65
Net Cash (Debt)	408	458.22	27.94	-29.75	66.28	103.16
Net Cash Growth	-	1540.21%	-	-	-35.75%	-
Net Cash Per Share	4.37	5.47	0.33	-0.35	0.79	1.43
Filing Date Shares Outstanding	120.8	111.67	83.75	83.75	83.75	72.08
Total Common Shares Outstanding	120.8	111.67	83.75	83.75	83.75	72.08
Working Capital	843.27	858.41	261.52	169.58	136.76	151.63
Book Value Per Share	10.68	11.48	7.50	6.34	5.15	4.36
Tangible Book Value	1,245	1,238	581.85	486.03	389.83	293.7
Tangible Book Value Per Share	10.31	11.08	6.95	5.80	4.65	4.07
Buildings	-	288.16	286.04	286.04	113.93	105.83
Machinery	-	330.13	296.82	251.63	160.27	105.6
Construction In Progress	33.67	22.47	7.42	10.52	108.87	27.85

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