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

SHA:603231 Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	283.74	238.75	320.11	1,073	88.05	122.98
Trading Asset Securities	549.49	655.99	500.23	-	0.82	-
Cash & Short-Term Investments	833.23	894.74	820.34	1,073	88.87	122.98
Cash Growth	11.38%	9.07%	-23.56%	1107.56%	-27.74%	-5.98%
Accounts Receivable	167.67	146.57	170.78	186.22	156.21	123.16
Other Receivables	5.3	7.61	5.21	3.06	7.11	6.48
Receivables	172.98	154.18	175.99	189.28	163.32	129.64
Inventory	328.57	241.71	279.4	215.14	243.66	188.98
Prepaid Expenses	-	0.43	-	0.08	9.31	-
Other Current Assets	75.21	69.04	21.2	11.16	9.88	34.21
Total Current Assets	1,410	1,360	1,297	1,489	515.04	475.81
Property, Plant & Equipment	828.52	834.51	705.72	616.98	563.25	430.91
Long-Term Investments	9.2	10.07	13.71	14.54	14.94	11.57
Other Intangible Assets	58.67	59.9	61.69	59.37	45.49	46.98
Long-Term Deferred Tax Assets	3.95	3.18	3.96	4.08	4.88	4.09
Other Long-Term Assets	9.05	1.46	2.65	2	1.31	5.4
Total Assets	2,319	2,269	2,085	2,186	1,145	974.76

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	152.86	129.22	92.07	81.09	179.34	142.07
Accrued Expenses	13.65	39.98	32.96	41.51	31.09	17.32
Short-Term Debt	63.77	23.77	23.77	83.83	85.11	103.14
Current Portion of Leases	-	0.49	0.71	0.74	0.66	0.91
Current Income Taxes Payable	4.73	6.52	6.48	6.05	2.53	9.53
Current Unearned Revenue	10.32	11.95	5.57	6.42	8.21	8.49
Other Current Liabilities	13.83	29.57	29.26	15.74	16.9	4.64
Total Current Liabilities	260.05	241.49	190.83	235.37	323.84	286.11
Long-Term Leases	2.28	-	-	0.22	-	0.16
Long-Term Unearned Revenue	45.85	15.23	12.63	8.57	6.34	-
Long-Term Deferred Tax Liabilities	6.14	5.78	6.77	8.05	8.8	0.45
Other Long-Term Liabilities	-	-	-	-	3.31	-
Total Liabilities	314.31	262.51	210.23	252.21	342.29	286.72

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	191.46	191.46	191.46	191.46	143.59	143.59
Additional Paid-In Capital	1,237	1,237	1,237	1,322	337.9	333.91
Retained Earnings	575.05	577.75	445.47	420.02	321.13	210.54
Comprehensive Income & Other	-0.02	0	-0.01	-	-	-
Shareholders' Equity	2,005	2,007	1,874	1,934	802.62	688.05
Total Liabilities & Equity	2,319	2,269	2,085	2,186	1,145	974.76

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	66.94	24.26	24.49	84.8	85.77	104.21
Net Cash (Debt)	766.29	870.48	795.85	988.35	3.1	18.77
Net Cash Growth	5.80%	9.38%	-19.48%	31800.49%	-83.50%	-83.05%
Net Cash Per Share	4.02	4.54	4.14	7.11	0.02	0.13
Filing Date Shares Outstanding	191.59	191.46	191.46	191.46	143.59	143.59
Total Common Shares Outstanding	191.59	191.46	191.46	191.46	143.59	143.59
Working Capital	1,150	1,119	1,106	1,253	191.21	189.7
Book Value Per Share	10.46	10.48	9.79	10.10	5.59	4.79
Tangible Book Value	1,945	1,947	1,813	1,874	757.14	641.06
Tangible Book Value Per Share	10.15	10.17	9.47	9.79	5.27	4.46
Buildings	-	521.59	406.78	400.99	320.86	257.38
Machinery	-	926.5	780.36	708.97	630.43	494.73
Construction In Progress	-	12.54	92.62	10.33	36.47	64.09

Data Source: S&P Global Market Intelligence Last updated: Aug 27, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 14, 2026

Data Sources Report a data error