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

SHA:603075 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	506.09	448.53	624.97	206.08	247.03	260.03
Trading Asset Securities	466.19	453.03	308.54	3.74	15.04	338.54
Cash & Short-Term Investments	972.29	901.57	933.51	209.83	262.07	598.56
Cash Growth	2.55%	-3.42%	344.89%	-19.93%	-56.22%	121.30%
Accounts Receivable	682.61	690.78	470.33	505.24	549.27	470.42
Other Receivables	3	2.21	5.44	1.25	1.36	5.22
Receivables	685.61	692.99	475.77	506.49	550.63	475.64
Inventory	237.93	234.01	206.55	244.84	221.68	176.48
Other Current Assets	22.86	23.38	26.61	46.43	40.24	24.44
Total Current Assets	1,919	1,852	1,642	1,008	1,075	1,275
Property, Plant & Equipment	865.23	868.71	844.76	756.2	672.45	401.53
Goodwill	79.76	79.76	79.76	79.76	79.76	79.76
Other Intangible Assets	127.69	131.52	146.61	139.16	176.29	130.84
Long-Term Deferred Tax Assets	17.13	15.67	14.21	11.33	8.58	3.68
Long-Term Deferred Charges	1.9	2.06	1.16	1.55	1.32	1.34
Other Long-Term Assets	38.56	35.46	33.53	101.12	11.03	6.79
Total Assets	3,049	2,985	2,762	2,097	2,024	1,899
Accounts Payable	389.41	405.55	325.94	345.93	525.34	448.82
Accrued Expenses	35.17	66.62	58.24	78.04	66.53	44.82
Short-Term Debt	341.95	310.18	310.16	294.21	421.44	540.54
Current Portion of Long-Term Debt	-	-	-	78.24	-	-
Current Portion of Leases	1.11	1.2	1.28	1.84	-	-
Current Income Taxes Payable	30.06	15.06	8.01	9.65	18.13	20.32
Current Unearned Revenue	12.88	9.77	12.93	15.69	18.65	16.28
Other Current Liabilities	35.3	45.37	33.09	45.59	6.11	23.45
Total Current Liabilities	845.89	853.76	749.65	869.19	1,056	1,094
Long-Term Debt	-	-	-	168.2	60	-
Long-Term Leases	1.93	1.9	2.32	2.7	3.05	-
Long-Term Unearned Revenue	17.06	17	6.06	4.81	0.73	0.86
Long-Term Deferred Tax Liabilities	4.04	4.82	5.45	6.83	3.76	1.41
Total Liabilities	868.91	877.48	763.48	1,052	1,124	1,097
Common Stock	402.55	402.55	400.01	360	360	360
Additional Paid-In Capital	1,038	1,035	1,001	233.4	227.58	227.01
Retained Earnings	759.62	690.8	591.07	451.07	319.56	177.95
Treasury Stock	-29.35	-29.35	-	-	-	-
Comprehensive Income & Other	4.59	4.66	0.7	-2.91	-6.83	-1
Total Common Equity	2,176	2,103	1,993	1,042	900.3	763.96
Minority Interest	4.18	4.45	5.72	3.42	-	38.59
Shareholders' Equity	2,180	2,108	1,999	1,045	900.3	802.56
Total Liabilities & Equity	3,049	2,985	2,762	2,097	2,024	1,899
Total Debt	344.99	313.28	313.75	545.19	484.49	540.54
Net Cash (Debt)	627.3	588.29	619.76	-335.36	-222.42	58.02
Net Cash Growth	7.31%	-5.08%	-	-	-	-
Net Cash Per Share	1.57	1.47	1.69	-0.93	-0.61	0.16
Filing Date Shares Outstanding	404.81	394.55	400.01	360	360	357.05
Total Common Shares Outstanding	404.81	394.55	400.01	360	360	357.05
Working Capital	1,073	998.19	892.79	138.4	18.43	180.89
Book Value Per Share	5.37	5.33	4.98	2.89	2.50	2.14
Tangible Book Value	1,968	1,892	1,767	822.64	644.26	553.36
Tangible Book Value Per Share	4.86	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.