Hangzhou Heatwell Electric Heating Technology Co., Ltd. (SHA:603075)

SHA:603075 Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	448.53	624.97	206.08	247.03	260.03
Trading Asset Securities	453.03	308.54	3.74	15.04	338.54
Cash & Short-Term Investments	901.57	933.51	209.83	262.07	598.56
Cash Growth	-3.42%	344.89%	-19.93%	-56.22%	121.30%
Accounts Receivable	690.78	470.33	505.24	549.27	470.42
Other Receivables	2.21	5.44	1.25	1.36	5.22
Receivables	692.99	475.77	506.49	550.63	475.64
Inventory	234.01	206.55	244.84	221.68	176.48
Other Current Assets	23.38	26.61	46.43	40.24	24.44
Total Current Assets	1,852	1,642	1,008	1,075	1,275
Property, Plant & Equipment	868.71	844.76	756.2	672.45	401.53
Goodwill	79.76	79.76	79.76	79.76	79.76
Other Intangible Assets	131.52	146.61	139.16	176.29	130.84
Long-Term Deferred Tax Assets	15.67	14.21	11.33	8.58	3.68
Long-Term Deferred Charges	2.06	1.16	1.55	1.32	1.34
Other Long-Term Assets	35.46	33.53	101.12	11.03	6.79
Total Assets	2,985	2,762	2,097	2,024	1,899
Accounts Payable	405.55	325.94	345.93	525.34	448.82
Accrued Expenses	66.62	58.24	78.04	66.53	44.82
Short-Term Debt	310.18	310.16	294.21	421.44	540.54
Current Portion of Long-Term Debt	-	-	78.24	-	-
Current Portion of Leases	1.2	1.28	1.84	-	-
Current Income Taxes Payable	15.06	8.01	9.65	18.13	20.32
Current Unearned Revenue	9.77	12.93	15.69	18.65	16.28
Other Current Liabilities	45.37	33.09	45.59	6.11	23.45
Total Current Liabilities	853.76	749.65	869.19	1,056	1,094
Long-Term Debt	-	-	168.2	60	-
Long-Term Leases	1.9	2.32	2.7	3.05	-
Long-Term Unearned Revenue	17	6.06	4.81	0.73	0.86
Long-Term Deferred Tax Liabilities	4.82	5.45	6.83	3.76	1.41
Total Liabilities	877.48	763.48	1,052	1,124	1,097
Common Stock	402.55	400.01	360	360	360
Additional Paid-In Capital	1,035	1,001	233.4	227.58	227.01
Retained Earnings	690.8	591.07	451.07	319.56	177.95
Treasury Stock	-29.35	-	-	-	-
Comprehensive Income & Other	4.66	0.7	-2.91	-6.83	-1
Total Common Equity	2,103	1,993	1,042	900.3	763.96
Minority Interest	4.45	5.72	3.42	-	38.59
Shareholders' Equity	2,108	1,999	1,045	900.3	802.56
Total Liabilities & Equity	2,985	2,762	2,097	2,024	1,899
Total Debt	313.28	313.75	545.19	484.49	540.54
Net Cash (Debt)	588.29	619.76	-335.36	-222.42	58.02
Net Cash Growth	-5.08%	-	-	-	-
Net Cash Per Share	1.47	1.69	-0.93	-0.61	0.16
Filing Date Shares Outstanding	394.55	400.01	360	360	357.05
Total Common Shares Outstanding	394.55	400.01	360	360	357.05
Working Capital	998.19	892.79	138.4	18.43	180.89
Book Value Per Share	5.33	4.98	2.89	2.50	2.14
Tangible Book Value	1,892	1,767	822.64	644.26	553.36
Tangible Book Value Per Share	4.80	4.42	2.29	1.79	1.55
Buildings	772.58	658.24	554.36	513.8	264.61
Machinery	507.92	443.76	409.32	369.53	286.72
Construction In Progress	11.27	92.33	68.63	21.61	52.61

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