Xinyi Solar Holdings Limited (XNYIF)

Xinyi Solar Holdings Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	2,865	821.61	2,572	4,711	6,076	7,824
Short-Term Investments	149	202.02	150.6	274.33	352.12	184.79
Trading Asset Securities	60.61	58.24	50.85	-	-	-
Cash & Short-Term Investments	3,075	1,082	2,774	4,985	6,428	8,008
Cash Growth	50.27%	-61.00%	-44.36%	-22.45%	-19.73%	279.53%
Accounts Receivable	13,438	12,084	11,130	9,270	7,757	6,901
Other Receivables	205.7	1,323	1,010	440.76	698.45	660.25
Receivables	13,651	13,407	12,140	9,710	8,455	7,561
Inventory	1,974	2,856	1,912	1,795	1,666	613.24
Restricted Cash	21.62	19.59	961.62	-	-	-
Other Current Assets	1,246	367.91	474.36	411.66	415.37	555.23
Total Current Assets	19,968	17,732	18,261	16,902	16,965	16,738
Property, Plant & Equipment	37,654	38,343	35,464	26,187	21,802	18,368
Long-Term Investments	257.57	244.46	313.74	315.25	371.99	366.11
Goodwill	-	11.37	11.37	11.53	10.74	10.57
Other Intangible Assets	27.89	17.97	16.86	7.47	8.87	10.29
Long-Term Accounts Receivable	166.21	-1.53	-1.54	194.44	201.26	178.11
Long-Term Deferred Tax Assets	210.4	168.68	142.78	124.11	18.89	211.45
Other Long-Term Assets	420.06	415.87	863.21	994.4	597.28	681.44
Total Assets	58,704	56,932	55,072	44,737	39,976	36,564
Accounts Payable	6,165	5,331	5,410	2,643	1,046	884.11
Accrued Expenses	-	509	532.96	578.83	510.55	402.26
Short-Term Debt	6,914	-	-	-	244.4	517.85
Current Portion of Long-Term Debt	-	6,143	6,274	3,855	2,735	2,354
Current Portion of Leases	66.53	71.72	77.72	44.27	38.14	40.85
Current Income Taxes Payable	106.18	65.04	192.62	195.15	151.46	455.09
Current Unearned Revenue	80.79	79.42	76.59	97	74.22	152.75
Other Current Liabilities	1,971	3,145	3,135	1,972	1,486	1,698
Total Current Liabilities	15,303	15,344	15,698	9,386	6,286	6,505
Long-Term Debt	6,291	5,497	3,300	3,250	3,544	2,276
Long-Term Leases	886.24	831.63	843.04	734.49	646.67	544.34
Long-Term Unearned Revenue	-	130	130	-	171.38	176.57
Long-Term Deferred Tax Liabilities	147.69	150.35	175.73	154.76	24.85	10.05
Other Long-Term Liabilities	617.49	571.97	429.86	47.63	58.6	86.25
Total Liabilities	23,246	22,525	20,577	13,572	10,732	9,598
Common Stock	738.83	738.83	723	786.93	724.31	741.77
Additional Paid-In Capital	10,305	5,595	6,294	7,341	7,468	8,146
Retained Earnings	18,906	21,075	20,935	18,208	14,382	11,991
Comprehensive Income & Other	-	1,643	1,186	-21.91	2,121	1,454
Total Common Equity	29,949	29,052	29,138	26,314	24,694	22,332
Minority Interest	5,509	5,356	5,357	4,850	4,550	4,633
Shareholders' Equity	35,458	34,408	34,495	31,164	29,245	26,966
Total Liabilities & Equity	58,704	56,932	55,072	44,737	39,976	36,564
Total Debt	14,158	12,543	10,494	7,884	7,209	5,733
Net Cash (Debt)	-11,083	-11,462	-7,720	-2,899	-780.45	2,276
Net Cash Per Share	-1.23	-1.28	-0.87	-0.33	-0.09	0.28
Filing Date Shares Outstanding	9,083	9,078	8,903	8,896	8,891	8,809
Total Common Shares Outstanding	9,083	9,078	8,903	8,896	8,891	8,809
Working Capital	4,665	2,389	2,563	7,517	10,679	10,233
Book Value Per Share	3.30	3.20	3.27	2.96	2.78	2.54
Tangible Book Value	29,921	29,022	29,110	26,295	24,675	22,312
Tangible Book Value Per Share	3.29	3.20	3.27	2.96	2.78	2.53
Land	-	366.68	329.51	325.87	162.15	172.53
Buildings	-	3,955	2,692	1,794	1,543	1,360
Machinery	-	14,738	11,531	8,777	6,683	5,089
Construction In Progress	-	6,119	7,161	3,261	1,782	1,089

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