Golden Solar New Energy Technology Holdings Limited (HKG:1121)

HKG:1121 Balance Sheet

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

Assets

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	10.75	31.86	142.64	354.72	135.79
Short-Term Investments	1.4	1.39	2.04	-	-
Trading Asset Securities	-	-	0.1	-	-
Cash & Short-Term Investments	12.15	33.25	144.78	354.72	135.79
Cash Growth	-63.47%	-77.03%	-59.19%	161.22%	21627.04%
Accounts Receivable	80.48	144.3	155.32	101.58	88.34
Other Receivables	45.4	42.18	38.15	18.06	30.03
Receivables	125.88	186.47	193.47	119.65	118.37
Inventory	83.96	118.37	138.18	179.39	110.66
Other Current Assets	22.2	30.8	46.43	54.29	50.99
Total Current Assets	244.18	368.89	522.86	708.05	415.81
Property, Plant & Equipment	221.49	260.85	275.05	137.31	93.88
Long-Term Investments	71	-	-	-	-
Long-Term Deferred Charges	0.01	0.02	0.04	3.72	0.88
Other Long-Term Assets	65.93	66.42	66.04	66.25	66.12
Total Assets	602.61	696.18	864	915.34	576.69

Liabilities

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	54.14	71.89	79.59	94.42	88.87
Accrued Expenses	17.67	17.61	18.15	24.27	23.58
Short-Term Debt	105.27	100.2	100.2	91	100.44
Current Portion of Leases	23.41	26.01	21.42	1.72	2.33
Current Income Taxes Payable	-	0.53	0.4	2.18	1.4
Current Unearned Revenue	30.33	17.26	12.14	20.06	4.61
Other Current Liabilities	68.92	44.14	29.44	18.85	47.26
Total Current Liabilities	299.74	277.64	261.34	252.5	268.47
Long-Term Debt	21.97	-	-	-	-
Long-Term Leases	4.29	25.63	47.28	0.11	2.14
Long-Term Unearned Revenue	4.99	6.03	9.19	12.57	16.21
Long-Term Deferred Tax Liabilities	4.43	4.49	5.19	5.36	5.02
Total Liabilities	335.42	313.8	323	270.54	291.85

Shareholders' Equity

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	128.67	120.79	120.96	113.8	110.61
Additional Paid-In Capital	1,581	1,512	1,519	1,462	1,058
Retained Earnings	-1,973	-1,670	-1,396	-1,086	-921.03
Treasury Stock	-	-	-4.33	-	-
Comprehensive Income & Other	530.67	420.19	300.73	155.12	37.28
Shareholders' Equity	267.19	382.39	540.99	644.8	284.84
Total Liabilities & Equity	602.61	696.18	864	915.34	576.69

Additional Metrics

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	154.93	151.85	168.9	92.83	104.91
Net Cash (Debt)	-142.79	-118.6	-24.12	261.9	30.88
Net Cash Growth	-	-	-	748.01%	-
Net Cash Per Share	-0.08	-0.07	-0.01	0.15	0.02
Filing Date Shares Outstanding	1,924	1,813	1,814	1,712	1,662
Total Common Shares Outstanding	1,924	1,813	1,814	1,712	1,662
Working Capital	-55.56	91.25	261.52	455.55	147.34
Book Value Per Share	0.14	0.21	0.30	0.38	0.17
Tangible Book Value	267.19	382.39	540.99	644.8	284.84
Tangible Book Value Per Share	0.14	0.21	0.30	0.38	0.17
Buildings	69.53	69.53	69.39	69.25	45.24
Machinery	195.76	194.37	172.29	104.02	75.1
Construction In Progress	48.24	45.14	40.36	20.99	21.34
Leasehold Improvements	23.86	22.66	20.8	17.64	17.17

Data Source: S&P Global Market Intelligence Last updated: Dec 31, 2025

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Aug 20, 2026

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