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	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	-	977.43	825.7	913.2	535.1
Short-Term Investments	-	175.32	441.5	-	-
Trading Asset Securities	-	80.18	190.38	190.67	501.5
Cash & Short-Term Investments	1,167	1,233	1,458	1,104	1,037
Cash Growth	-5.36%	-15.41%	32.04%	6.49%	-30.25%
Accounts Receivable	-	1,833	1,737	1,630	1,410
Other Receivables	-	29.8	21.2	20.89	21.09
Receivables	-	1,863	1,758	1,651	1,431
Inventory	-	2,261	2,515	1,602	918.85
Prepaid Expenses	-	0.03	3.41	-	-
Other Current Assets	-	233.16	214.62	261.65	221.31
Total Current Assets	-	5,590	5,949	4,618	3,608
Property, Plant & Equipment	-	885.93	818.71	725.56	673.18
Long-Term Investments	-	851.2	793.04	705.18	379.05
Goodwill	-	0.85	0.85	0.85	0.85
Other Intangible Assets	-	160.68	165.69	100.97	100.41
Long-Term Deferred Tax Assets	-	41.37	42.07	37.53	38.52
Long-Term Deferred Charges	-	24.71	26.02	17.44	18.6
Other Long-Term Assets	-	-147.54	-411.11	42.87	32.54
Total Assets	-	7,407	7,384	6,249	4,851
Accounts Payable	-	1,004	1,244	1,300	1,039
Accrued Expenses	-	395.5	319.93	289.22	225.31
Short-Term Debt	-	35.69	11.5	54.92	24.42
Current Portion of Leases	-	20.22	23.42	72.79	24.38
Current Income Taxes Payable	-	34.93	30.93	11.25	20.01
Current Unearned Revenue	-	2,270	2,381	1,468	681.15
Other Current Liabilities	-	186.3	187.35	134.78	107.49
Total Current Liabilities	-	3,947	4,199	3,332	2,122
Long-Term Leases	-	57.61	60.38	53.81	75.36
Long-Term Unearned Revenue	-	94.77	104.73	141.37	149.33
Pension & Post-Retirement Benefits	-	8.02	7.53	7.4	7.46
Other Long-Term Liabilities	-	51.65	55.55	38.4	32.95
Total Liabilities	-	4,159	4,427	3,573	2,387
Common Stock	-	404.5	404.5	404.5	404.5
Additional Paid-In Capital	-	1,413	1,421	1,408	1,408
Retained Earnings	-	1,402	1,117	868.73	647.02
Comprehensive Income & Other	-	3.81	-10.85	-19.39	-14.72
Total Common Equity	3,410	3,223	2,932	2,661	2,444
Minority Interest	-	25.59	24.81	14.84	20.07
Shareholders' Equity	3,437	3,249	2,957	2,676	2,465
Total Liabilities & Equity	-	7,407	7,384	6,249	4,851
Total Debt	113.06	113.52	95.3	181.52	124.16
Net Cash (Debt)	1,054	1,119	1,362	922.35	912.44
Net Cash Growth	-5.86%	-17.83%	47.70%	1.09%	-37.29%
Net Cash Per Share	2.61	2.76	3.36	2.28	2.26
Filing Date Shares Outstanding	404.5	404.5	404.5	404.5	404.5
Total Common Shares Outstanding	404.5	404.5	404.5	404.5	404.5
Working Capital	-	1,644	1,750	1,287	1,486
Book Value Per Share	8.43	7.97	7.25	6.58	6.04
Tangible Book Value	3,251	3,062	2,765	2,560	2,343
Tangible Book Value Per Share	8.04	7.57	6.84	6.33	5.79
Buildings	-	501.2	498.07	468.31	457.05
Machinery	-	1,115	1,007	831.93	703.61
Construction In Progress	-	96.85	23.58	29.97	12.04

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