Cheerwin Group Limited (HKG: 6601)

Cheerwin Group Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	842.33	1,543	1,341	2,558	884.77	511.04
Short-Term Investments	1,796	1,229	1,382	110	-	-
Cash & Short-Term Investments	2,638	2,773	2,723	2,668	884.77	511.04
Cash Growth	-2.89%	1.84%	2.04%	201.57%	73.13%	117.56%
Accounts Receivable	125.07	32.3	36.69	18.95	64.22	66.75
Other Receivables	29.56	53.32	66.96	60.07	61.66	60.01
Receivables	154.63	85.62	103.65	79.02	125.88	126.76
Inventory	165.7	275.17	329.51	349.88	373.07	386.01
Prepaid Expenses	10.52	8.52	4.53	6.63	2.9	2.59
Other Current Assets	14.17	-	-	-	11.66	8.24
Total Current Assets	2,983	3,142	3,160	3,104	1,398	1,035
Property, Plant & Equipment	192.18	190.85	187.57	195.12	167.68	152.16
Long-Term Investments	407.05	410.09	146.03	66.9	-	-
Goodwill	-	6.28	3.93	-	-	-
Other Intangible Assets	9.7	9.7	11.65	-	-	-
Long-Term Deferred Tax Assets	76.12	76.99	68.06	54.13	37.31	29.03
Other Long-Term Assets	1.74	0.17	0.62	2.82	5.16	10.06
Total Assets	3,670	3,836	3,578	3,423	1,608	1,226
Accounts Payable	202.29	239.75	243.79	292.9	321.54	283.02
Accrued Expenses	223.58	252.51	230.07	193.57	161.16	118.91
Short-Term Debt	-	-	-	-	300	-
Current Portion of Leases	13.42	11.21	6.2	5.52	1.78	3.23
Current Income Taxes Payable	15.97	16.32	3.24	7.12	42.66	3.91
Current Unearned Revenue	53.86	334.74	243.72	169.07	486.75	455.91
Other Current Liabilities	102.82	13.21	7.89	9.83	38.9	340.1
Total Current Liabilities	611.93	867.74	734.91	678	1,353	1,205
Long-Term Leases	20.58	16.81	10.41	9.39	5.1	6.88
Long-Term Deferred Tax Liabilities	10.36	11.41	8.27	-	-	-
Other Long-Term Liabilities	-	2.71	-	-	-	-
Total Liabilities	642.88	898.67	753.59	687.39	1,358	1,212
Common Stock	0	0	0	0	0	28.5
Additional Paid-In Capital	-	2,465	2,465	2,465	1.55	-
Retained Earnings	-	308.81	222.83	270.47	237.04	13.26
Comprensive Income & Other	3,023	153.24	129.13	-2.02	9.09	-28.53
Total Common Equity	3,023	2,927	2,817	2,734	247.68	13.23
Minority Interest	3.99	10.11	7.3	1.5	2.85	0.7
Shareholders' Equity	3,027	2,937	2,825	2,735	250.53	13.93
Total Liabilities & Equity	3,670	3,836	3,578	3,423	1,608	1,226
Total Debt	34	28.02	16.61	14.91	306.88	10.11
Net Cash (Debt)	2,604	2,745	2,706	2,653	577.89	500.93
Net Cash Growth	-3.57%	1.43%	1.99%	359.13%	15.36%	8605.77%
Net Cash Per Share	1.95	2.06	2.03	2.09	0.58	0.51
Filing Date Shares Outstanding	1,333	1,333	1,333	1,333	1,333	1,000
Total Common Shares Outstanding	1,333	1,333	1,333	1,333	1,333	1,000
Working Capital	2,371	2,274	2,425	2,426	45.47	-170.44
Book Value Per Share	2.27	2.20	2.11	2.05	0.19	0.01
Tangible Book Value	3,014	2,911	2,802	2,734	247.68	13.23
Tangible Book Value Per Share	2.26	2.18	2.10	2.05	0.19	0.01
Buildings	-	127.03	124.97	117.06	97.91	68.85
Machinery	-	139.31	123.1	113.17	87.21	49.16
Construction In Progress	-	-	-	3.34	3.81	42.35

Source: S&P Capital IQ. Standard template. Financial Sources.