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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	71.68	110.05	93.04	59.24	108.1	179.9
Short-Term Investments	-	-	-	-	-	10.14
Trading Asset Securities	78.7	27.43	62.32	50.36	100.3	223.32
Cash & Short-Term Investments	150.39	137.48	155.37	109.6	208.41	413.37
Cash Growth	47.91%	-11.51%	41.75%	-47.41%	-49.58%	17.18%
Accounts Receivable	512.59	539.08	514.15	534.81	487.3	377.54
Other Receivables	2.06	2.18	2.51	3.25	2.92	3.97
Receivables	514.65	541.26	516.66	538.06	490.22	381.51
Inventory	291.69	275.04	264.9	347.49	336.41	285.35
Other Current Assets	18.56	8.24	15.7	12.54	10.11	14.11
Total Current Assets	975.29	962.02	952.63	1,008	1,045	1,094
Property, Plant & Equipment	106.37	108.11	117.17	127.86	121.07	129.24
Other Intangible Assets	26.22	26.52	25.92	26.74	27.56	28.37
Long-Term Deferred Tax Assets	20.35	19.41	16.11	16.4	13.87	13.6
Total Assets	1,128	1,116	1,112	1,179	1,208	1,266
Accounts Payable	298.51	326.21	297.66	382.15	435.59	335.9
Accrued Expenses	2.71	21.31	23.15	25.66	21.09	17.04
Current Income Taxes Payable	-	4.19	4.6	2.15	5.92	3.75
Current Unearned Revenue	83.2	77.01	69.11	86.99	103.79	110.72
Other Current Liabilities	63.78	9.87	9.28	10.48	13.9	13.65
Total Current Liabilities	448.21	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	33.88	35.34	37.48	31.27	22.68	13.66
Total Liabilities	482.08	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	227.9	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	646.15	641.39	664.59	633.26	591.73	756.68
Total Liabilities & Equity	1,128	1,116	1,112	1,179	1,208	1,266
Total Debt	-	-	-	0.47	0.91	-
Net Cash (Debt)	150.39	137.48	155.37	109.14	207.5	413.37
Net Cash Growth	47.91%	-11.51%	42.36%	-47.40%	-49.80%	17.18%
Net Cash Per Share	0.59	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	527.08	523.43	548.83	500.25	464.86	613.27
Book Value Per Share	2.75	2.73	2.83	2.69	2.52	3.22
Tangible Book Value	619.93	614.88	638.66	606.52	564.18	728.31
Tangible Book Value Per Share	2.64	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 Oct 30, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.