SEC Electric Machinery Co., Ltd. (SHA:603988)

SEC Electric Machinery 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	103.15	110.05	93.04	59.24	108.1	179.9
Short-Term Investments	-	-	-	-	-	10.14
Trading Asset Securities	83.37	27.43	62.32	50.36	100.3	223.32
Cash & Short-Term Investments	186.52	137.48	155.37	109.6	208.41	413.37
Cash Growth	59.32%	-11.51%	41.75%	-47.41%	-49.58%	17.18%
Accounts Receivable	455.65	539.08	514.15	534.81	487.3	377.54
Other Receivables	2.63	2.18	2.51	3.25	2.92	3.97
Receivables	458.28	541.26	516.66	538.06	490.22	381.51
Inventory	307.01	275.04	264.9	347.49	336.41	285.35
Other Current Assets	7.13	8.24	15.7	12.54	10.11	14.11
Total Current Assets	958.94	962.02	952.63	1,008	1,045	1,094
Property, Plant & Equipment	101.25	108.11	117.17	127.86	121.07	129.24
Other Intangible Assets	25.64	26.52	25.92	26.74	27.56	28.37
Long-Term Deferred Tax Assets	20.7	19.41	16.11	16.4	13.87	13.6
Total Assets	1,107	1,116	1,112	1,179	1,208	1,266
Accounts Payable	241.13	326.21	297.66	382.15	435.59	335.9
Accrued Expenses	12.09	21.31	23.15	25.66	21.09	17.04
Current Income Taxes Payable	3.94	4.19	4.6	2.15	5.92	3.75
Current Unearned Revenue	85.65	77.01	69.11	86.99	103.79	110.72
Other Current Liabilities	61.62	9.87	9.28	10.48	13.9	13.65
Total Current Liabilities	404.43	438.6	403.79	507.44	580.29	481.06
Long-Term Leases	-	-	-	0.47	0.91	-
Long-Term Deferred Tax Liabilities	-	0.74	5.97	6.26	12.03	14.15
Other Long-Term Liabilities	30.89	35.34	37.48	31.27	22.68	13.66
Total Liabilities	435.32	474.68	447.25	545.44	615.91	508.86
Common Stock	235.2	235.2	235.2	235.2	235.2	235.2
Additional Paid-In Capital	172.84	172.84	172.84	172.84	172.84	172.84
Retained Earnings	252.95	223.14	247.58	219.85	181.6	348.64
Comprehensive Income & Other	10.21	10.21	8.97	5.37	2.09	-
Shareholders' Equity	671.2	641.39	664.59	633.26	591.73	756.68
Total Liabilities & Equity	1,107	1,116	1,112	1,179	1,208	1,266
Total Debt	-	-	-	0.47	0.91	-
Net Cash (Debt)	186.52	137.48	155.37	109.14	207.5	413.37
Net Cash Growth	59.32%	-11.51%	42.36%	-47.40%	-49.80%	17.18%
Net Cash Per Share	0.71	0.53	0.65	0.47	0.88	1.76
Filing Date Shares Outstanding	235.2	235.2	235.2	235.2	235.2	235.2
Total Common Shares Outstanding	235.2	235.2	235.2	235.2	235.2	235.2
Working Capital	554.51	523.43	548.83	500.25	464.86	613.27
Book Value Per Share	2.85	2.73	2.83	2.69	2.52	3.22
Tangible Book Value	645.57	614.88	638.66	606.52	564.18	728.31
Tangible Book Value Per Share	2.74	2.61	2.72	2.58	2.40	3.10
Buildings	-	88.9	88.9	88.9	88.9	89.41
Machinery	-	208.3	204.19	203.58	187.19	188.32
Construction In Progress	-	-	0.71	-	-	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.