China National Electric Apparatus Research Institute Co., Ltd. (SHA:688128)

SHA:688128 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	826.4	977.43	825.7	913.2	535.1	733.58
Short-Term Investments	-	175.32	441.5	-	-	-
Trading Asset Securities	40.07	80.18	190.38	190.67	501.5	752.58
Cash & Short-Term Investments	866.47	1,233	1,458	1,104	1,037	1,486
Cash Growth	18.23%	-15.41%	32.04%	6.49%	-30.25%	8.64%
Accounts Receivable	1,882	1,833	1,737	1,630	1,410	938.22
Other Receivables	36.94	29.8	21.2	20.89	21.09	16.67
Receivables	1,918	1,863	1,758	1,651	1,431	954.89
Inventory	2,205	2,261	2,515	1,602	918.85	511.02
Prepaid Expenses	-	0.03	3.41	-	-	-
Other Current Assets	342.01	233.16	214.62	261.65	221.31	139.43
Total Current Assets	5,332	5,590	5,949	4,618	3,608	3,091
Property, Plant & Equipment	878.16	885.93	818.71	725.56	673.18	533.34
Long-Term Investments	157.68	851.2	793.04	705.18	379.05	173.7
Goodwill	0.85	0.85	0.85	0.85	0.85	1.77
Other Intangible Assets	158.74	160.68	165.69	100.97	100.41	101.67
Long-Term Deferred Tax Assets	43.19	41.37	42.07	37.53	38.52	41.35
Long-Term Deferred Charges	23.16	24.71	26.02	17.44	18.6	12.04
Other Long-Term Assets	701.81	-147.54	-411.11	42.87	32.54	38.65
Total Assets	7,295	7,407	7,384	6,249	4,851	3,994
Accounts Payable	1,005	1,004	1,244	1,300	1,039	671.33
Accrued Expenses	161.55	395.5	319.93	289.22	225.31	202.49
Short-Term Debt	26.24	35.69	11.5	54.92	24.42	28.36
Current Portion of Leases	20.51	20.22	23.42	72.79	24.38	0.34
Current Income Taxes Payable	54.6	34.93	30.93	11.25	20.01	18.95
Current Unearned Revenue	2,230	2,270	2,381	1,468	681.15	471.47
Other Current Liabilities	223.05	186.3	187.35	134.78	107.49	96.82
Total Current Liabilities	3,722	3,947	4,199	3,332	2,122	1,490
Long-Term Leases	51.72	57.61	60.38	53.81	75.36	2.45
Long-Term Unearned Revenue	89.99	94.77	104.73	141.37	149.33	149.18
Long-Term Deferred Tax Liabilities	-	-	-	-	-	0.38
Other Long-Term Liabilities	44.68	51.65	55.55	38.4	32.95	27.56
Total Liabilities	3,916	4,159	4,427	3,573	2,387	1,677
Common Stock	404.5	404.5	404.5	404.5	404.5	404.5
Additional Paid-In Capital	1,413	1,413	1,421	1,408	1,408	1,405
Retained Earnings	1,528	1,402	1,117	868.73	647.02	453.31
Comprehensive Income & Other	9.72	3.81	-10.85	-19.39	-14.72	32.57
Total Common Equity	3,355	3,223	2,932	2,661	2,444	2,295
Minority Interest	24.37	25.59	24.81	14.84	20.07	22.42
Shareholders' Equity	3,380	3,249	2,957	2,676	2,465	2,317
Total Liabilities & Equity	7,295	7,407	7,384	6,249	4,851	3,994
Total Debt	98.47	113.52	95.3	181.52	124.16	31.14
Net Cash (Debt)	768	1,119	1,362	922.35	912.44	1,455
Net Cash Growth	19.91%	-17.83%	47.70%	1.09%	-37.29%	8.60%
Net Cash Per Share	1.90	2.76	3.36	2.28	2.26	3.60
Filing Date Shares Outstanding	404.5	404.5	404.5	404.5	404.5	404.5
Total Common Shares Outstanding	404.5	404.5	404.5	404.5	404.5	404.5
Working Capital	1,610	1,644	1,750	1,287	1,486	1,602
Book Value Per Share	8.30	7.97	7.25	6.58	6.04	5.67
Tangible Book Value	3,196	3,062	2,765	2,560	2,343	2,192
Tangible Book Value Per Share	7.90	7.57	6.84	6.33	5.79	5.42
Buildings	-	501.2	498.07	468.31	457.05	456.64
Machinery	-	1,115	1,007	831.93	703.61	588.72
Construction In Progress	-	96.85	23.58	29.97	12.04	23.1

Source: S&P Global Market Intelligence. Standard template. Financial Sources.