Jiangsu Xihua New Energy Technology Co., Ltd. (SHA:603248)

SHA:603248 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	481.43	799.43	224.2	222.77	161.93	237.49
Trading Asset Securities	475.25	500	-	-	1.42	27
Cash & Short-Term Investments	956.67	1,299	224.2	222.77	163.34	264.49
Cash Growth	182.22%	479.59%	0.64%	36.38%	-38.24%	192.22%
Accounts Receivable	701.77	589.48	419.53	282.47	271.21	273.2
Other Receivables	0.01	0.01	0.01	98.98	82.83	30.09
Receivables	701.78	589.49	419.54	381.45	354.04	318.13
Inventory	172.04	138.6	136.18	90.17	126.34	109.71
Other Current Assets	6.58	17.12	24.38	13.25	21.78	11.84
Total Current Assets	1,837	2,045	804.3	707.65	665.5	704.16
Property, Plant & Equipment	820.23	820.69	712.08	505.35	404.9	259.95
Other Intangible Assets	199.16	201.5	132.66	134.44	136.85	56.16
Long-Term Deferred Tax Assets	4.85	4.94	4.86	4.14	6.88	4.49
Long-Term Deferred Charges	2.11	2.34	2.84	1.69	0.61	0.65
Other Long-Term Assets	84.35	73.58	22.09	60.74	41.72	37.81
Total Assets	2,948	3,148	1,679	1,414	1,256	1,063

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	200.28	233.11	225.66	169.67	227.09	258.34
Accrued Expenses	26.44	28.21	25.39	15.92	19.77	15.16
Short-Term Debt	135.45	265.13	100.06	80.07	46.26	39.95
Current Portion of Long-Term Debt	19.94	35.42	3.88	0.02	1.23	-
Current Portion of Leases	1.17	1.07	0.36	0.83	1.57	0.96
Current Income Taxes Payable	2.83	9.69	11.1	10.58	14.91	17.25
Current Unearned Revenue	3.29	4.3	7.35	7.91	6.03	3
Other Current Liabilities	103.24	20.75	3.45	27.88	30.97	2.77
Total Current Liabilities	492.64	597.68	377.26	312.88	347.82	337.43
Long-Term Debt	110.67	183.6	72.6	24.41	25.6	-
Long-Term Leases	0.07	0.12	0.36	0.02	0.79	0.21
Long-Term Unearned Revenue	21.69	22.87	24.96	26.95	21.13	8.16
Long-Term Deferred Tax Liabilities	30.57	31.99	25.58	24.08	25.09	20.72
Total Liabilities	655.64	836.26	500.74	388.34	420.44	366.52

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	460	460	360	360	360	3
Additional Paid-In Capital	1,025	1,021	187.62	177.19	164.2	74.29
Retained Earnings	817.59	831.68	630.36	488.43	311.78	579.41
Comprehensive Income & Other	-10.83	-1.01	0.12	0.06	0.05	0.04
Total Common Equity	2,292	2,311	1,178	1,026	836.02	656.75
Minority Interest	-	-	-	-	-	39.95
Shareholders' Equity	2,292	2,311	1,178	1,026	836.02	696.7
Total Liabilities & Equity	2,948	3,148	1,679	1,414	1,256	1,063

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	267.29	485.33	177.26	105.34	75.44	41.12
Net Cash (Debt)	689.38	814.1	46.94	117.42	87.9	223.36
Net Cash Growth	-	1634.28%	-60.02%	33.59%	-60.65%	195.53%
Net Cash Per Share	1.70	2.26	0.13	0.33	0.24	-
Filing Date Shares Outstanding	460	460	360	360.51	360	-
Total Common Shares Outstanding	460	460	360	360.51	360	-
Working Capital	1,344	1,447	427.05	394.76	317.68	366.73
Book Value Per Share	4.98	5.02	3.27	2.85	2.32	-
Tangible Book Value	2,093	2,110	1,045	891.23	699.17	600.59
Tangible Book Value Per Share	4.55	4.59	2.90	2.47	1.94	-
Buildings	272.93	272.18	167.48	140.28	120.32	97.95
Machinery	919.62	884.45	660.82	471.27	403.15	313.66
Construction In Progress	44.7	35.12	176.16	134.22	74.09	8.96

Data Source: S&P Global Market Intelligence Last updated: Aug 25, 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:

Oct 7, 2026

Data Sources Report a data error