Solbar Ningbo Protein Technology Co., Ltd. (SHA:603231)

SHA:603231 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	260.62	320.11	1,073	88.05	122.98	70.27
Trading Asset Securities	487.48	500.23	-	0.82	-	60.54
Cash & Short-Term Investments	748.1	820.34	1,073	88.87	122.98	130.81
Cash Growth	-10.13%	-23.56%	1107.56%	-27.74%	-5.98%	16.76%
Accounts Receivable	167.34	170.78	186.22	156.21	123.16	97.48
Other Receivables	4.66	5.21	3.06	7.11	6.48	12.83
Receivables	172	175.99	189.28	163.32	129.64	110.31
Inventory	285.89	279.4	215.14	243.66	188.98	130.67
Prepaid Expenses	-	-	0.08	9.31	-	-
Other Current Assets	53.14	21.2	11.16	9.88	34.21	18.96
Total Current Assets	1,259	1,297	1,489	515.04	475.81	390.75
Property, Plant & Equipment	755.41	705.72	616.98	563.25	430.91	320.47
Long-Term Investments	12.47	13.71	14.54	14.94	11.57	2.87
Other Intangible Assets	60.87	61.69	59.37	45.49	46.98	33.46
Long-Term Deferred Tax Assets	3.94	3.96	4.08	4.88	4.09	2.36
Other Long-Term Assets	5.53	2.65	2	1.31	5.4	3.36
Total Assets	2,097	2,085	2,186	1,145	974.76	753.27
Accounts Payable	84.59	92.07	81.09	179.34	142.07	60.23
Accrued Expenses	27.28	32.96	41.51	31.09	17.32	15.3
Short-Term Debt	23.77	23.77	83.83	85.11	103.14	20.03
Current Portion of Leases	-	0.71	0.74	0.66	0.91	-
Current Income Taxes Payable	-	6.48	6.05	2.53	9.53	7.92
Current Unearned Revenue	7.55	5.57	6.42	8.21	8.49	10.89
Other Current Liabilities	19.52	29.26	15.74	16.9	4.64	4.45
Total Current Liabilities	162.73	190.83	235.37	323.84	286.11	118.83
Long-Term Leases	-	-	0.22	-	0.16	-
Long-Term Unearned Revenue	13.75	12.63	8.57	6.34	-	-
Long-Term Deferred Tax Liabilities	6.43	6.77	8.05	8.8	0.45	0.05
Other Long-Term Liabilities	-	-	-	3.31	-	0.06
Total Liabilities	182.91	210.23	252.21	342.29	286.72	118.94
Common Stock	191.46	191.46	191.46	143.59	143.59	143.59
Additional Paid-In Capital	1,237	1,237	1,322	337.9	333.91	332.34
Retained Earnings	485.47	445.47	420.02	321.13	210.54	158.4
Comprehensive Income & Other	0.02	-0.01	-	-	-	-
Shareholders' Equity	1,914	1,874	1,934	802.62	688.05	634.34
Total Liabilities & Equity	2,097	2,085	2,186	1,145	974.76	753.27
Total Debt	23.77	24.49	84.8	85.77	104.21	20.03
Net Cash (Debt)	724.32	795.85	988.35	3.1	18.77	110.78
Net Cash Growth	-10.40%	-19.48%	31800.49%	-83.50%	-83.05%	51.81%
Net Cash Per Share	3.74	4.14	7.11	0.02	0.13	0.77
Filing Date Shares Outstanding	188.71	191.46	191.46	143.59	143.59	143.74
Total Common Shares Outstanding	188.71	191.46	191.46	143.59	143.59	143.74
Working Capital	1,096	1,106	1,253	191.21	189.7	271.93
Book Value Per Share	10.14	9.79	10.10	5.59	4.79	4.41
Tangible Book Value	1,854	1,813	1,874	757.14	641.06	600.87
Tangible Book Value Per Share	9.82	9.47	9.79	5.27	4.46	4.18
Buildings	-	406.78	400.99	320.86	257.38	216.49
Machinery	-	751.53	708.97	630.43	494.73	439.26
Construction In Progress	-	92.62	10.33	36.47	64.09	25.19

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