Zhejiang Mustang Battery Co.,Ltd (SHA:605378)

SHA:605378 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	152.62	246.02	212.3	211.87	96.33	55.23
Trading Asset Securities	308.73	256.6	418.02	544.77	695.48	688.39
Cash & Short-Term Investments	461.36	502.62	630.32	756.64	791.81	743.61
Cash Growth	-14.21%	-20.26%	-16.70%	-4.44%	6.48%	174.52%
Accounts Receivable	194.91	164.69	293.37	196.57	134.19	161.34
Other Receivables	8.78	6.82	19.8	11.21	11.15	5.88
Receivables	203.69	171.51	313.17	207.77	145.33	167.22
Inventory	227.68	178.12	197.17	161.07	180.68	222.72
Other Current Assets	14.77	14.88	3.74	1.98	3.89	5.43
Total Current Assets	907.49	867.12	1,144	1,127	1,122	1,139
Property, Plant & Equipment	480.95	469.76	403.62	359.74	298.14	224.05
Long-Term Investments	58.83	58.83	20	5	-	-
Other Intangible Assets	72.22	74.36	47.54	50.02	51.38	51.01
Long-Term Deferred Tax Assets	10.4	6.12	8.02	8.55	10.18	11.74
Other Long-Term Assets	2.16	3.69	5.77	16.52	6.52	4.84
Total Assets	1,532	1,480	1,629	1,567	1,488	1,431

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	228.31	140.65	242.1	244.65	203.32	205.04
Accrued Expenses	24.65	29.92	32.11	28.13	28.56	29.37
Short-Term Debt	25	-	-	-	-	-
Current Portion of Leases	0.08	0.06	0.06	-	0.09	0.12
Current Income Taxes Payable	0.02	2.88	4.94	7.5	4.59	0.25
Current Unearned Revenue	6.62	6.53	7.41	3.7	3.23	6.15
Other Current Liabilities	9.47	7.81	9.88	6.1	6.38	2
Total Current Liabilities	294.16	187.86	296.5	290.08	246.17	242.93
Long-Term Leases	-	0.01	0.07	0.14	0.02	0.15
Long-Term Unearned Revenue	7.12	8.43	10.57	12.7	15.75	14.51
Long-Term Deferred Tax Liabilities	12.48	16.17	19.51	17.61	20.59	20.07
Other Long-Term Liabilities	15.52	15.52	15.52	15.52	15.52	15.52
Total Liabilities	329.28	227.99	342.17	336.05	298.05	293.18

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	261.35	261.35	186.68	133.34	133.34	133.34
Additional Paid-In Capital	566.6	566.6	641.27	694.61	694.61	694.61
Retained Earnings	368.13	418.03	453.12	400.35	361.49	309.49
Comprehensive Income & Other	6.69	5.93	6.1	2.95	0.45	-
Shareholders' Equity	1,203	1,252	1,287	1,231	1,190	1,137
Total Liabilities & Equity	1,532	1,480	1,629	1,567	1,488	1,431

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	25.08	0.07	0.14	0.14	0.11	0.27
Net Cash (Debt)	436.27	502.54	630.18	756.49	791.7	743.34
Net Cash Growth	-18.85%	-20.25%	-16.70%	-4.45%	6.50%	174.42%
Net Cash Per Share	1.65	2.16	3.84	2.89	3.03	3.10
Filing Date Shares Outstanding	261.35	261.35	261.35	261.35	261.35	261.35
Total Common Shares Outstanding	261.35	261.35	261.35	261.35	261.35	261.35
Working Capital	613.33	679.26	847.89	837.39	875.55	896.05
Book Value Per Share	4.60	4.79	4.93	4.71	4.55	4.35
Tangible Book Value	1,131	1,178	1,240	1,181	1,139	1,086
Tangible Book Value Per Share	4.33	4.51	4.74	4.52	4.36	4.16
Buildings	375.87	334.73	260	81.24	81.24	81.24
Machinery	432.12	396.82	394.83	364.95	365.5	350.69
Construction In Progress	23.16	70.59	60.85	197.65	105.88	16.73

Data Source: S&P Global Market Intelligence Last updated: Aug 26, 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