Wetown Electric Group Co., Ltd. (SHA:688226)

Wetown Electric Group 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	520.68	896.39	305.89	199.64	241.88	81.85
Trading Asset Securities	180	15.3	8.27	111.76	40.51	2.42
Cash & Short-Term Investments	700.68	911.69	314.16	311.4	282.39	84.27
Cash Growth	120.12%	190.20%	0.89%	10.27%	235.11%	-23.30%
Accounts Receivable	1,930	1,802	1,764	1,082	792.01	750.39
Other Receivables	46.66	133.92	32.76	11.87	14.17	14.53
Receivables	1,977	1,936	1,796	1,094	806.17	764.93
Inventory	414.69	466.39	286.74	145.16	131.97	102.82
Other Current Assets	187.29	64.64	32.52	19.69	15.19	9.92
Total Current Assets	3,280	3,379	2,430	1,570	1,236	961.93
Property, Plant & Equipment	1,277	1,249	386.19	174.24	145.05	144.77
Long-Term Investments	43.09	16.73	22.12	3.8	0.76	0.68
Goodwill	-	-	-	1.91	2.97	2.97
Other Intangible Assets	185.06	186.62	174.9	54.04	51.6	47.61
Long-Term Deferred Tax Assets	42.03	42.7	25.82	18.34	12.28	10.45
Long-Term Deferred Charges	23.18	25.67	8.14	5.08	8.41	14.02
Other Long-Term Assets	11.16	7.42	53.81	41.59	1.14	1.8
Total Assets	4,861	4,907	3,101	1,869	1,458	1,184
Accounts Payable	1,151	1,352	585.89	275.15	184.5	217.36
Accrued Expenses	20.06	38.39	42.4	28.1	15.85	15.23
Short-Term Debt	942.46	823.58	811.66	437.71	229.95	222.76
Current Portion of Long-Term Debt	25.02	138.32	91.2	25.03	4.02	-
Current Portion of Leases	-	0.61	2.62	2.81	10.7	13.93
Current Income Taxes Payable	10.92	6.29	11.64	3.96	3.72	4.66
Current Unearned Revenue	45.78	85.13	76.96	24.88	20.51	14.03
Other Current Liabilities	193.77	233.48	201.3	84.57	76.04	46.69
Total Current Liabilities	2,389	2,677	1,824	882.21	545.3	534.66
Long-Term Debt	645.78	467.32	180.72	37.24	16	-
Long-Term Leases	18.31	18.74	9.92	1.82	0.92	9.09
Long-Term Unearned Revenue	0.17	0.31	0.85	1.38	1.92	2.46
Long-Term Deferred Tax Liabilities	5.93	4.9	3.86	1.52	0.47	0.36
Total Liabilities	3,059	3,169	2,019	924.17	564.61	546.57
Common Stock	187.65	186.51	156.51	156	156	117
Additional Paid-In Capital	984.97	984.33	435.57	417.49	416.41	249.53
Retained Earnings	509.04	495.75	437.38	338.45	288.03	239.95
Comprehensive Income & Other	7.21	-0.3	3.14	1.34	3.02	2.02
Total Common Equity	1,689	1,666	1,033	913.28	863.46	608.51
Minority Interest	112.86	71.87	49.2	31.73	29.86	29.15
Shareholders' Equity	1,802	1,738	1,082	945.01	893.31	637.66
Total Liabilities & Equity	4,861	4,907	3,101	1,869	1,458	1,184
Total Debt	1,632	1,449	1,096	504.6	261.6	245.78
Net Cash (Debt)	-930.89	-536.88	-781.95	-193.2	20.78	-161.51
Net Cash Per Share	-5.65	-3.45	-5.00	-1.24	0.15	-1.39
Filing Date Shares Outstanding	187.65	187.65	156.51	156	156	117
Total Common Shares Outstanding	187.65	186.51	156.51	156	156	117
Working Capital	890.53	701.22	606.16	687.98	690.42	427.27
Book Value Per Share	9.00	8.93	6.60	5.85	5.53	5.20
Tangible Book Value	1,504	1,480	857.7	857.34	808.89	557.93
Tangible Book Value Per Share	8.01	7.93	5.48	5.50	5.19	4.77
Buildings	-	386.86	133.45	104.29	103.39	101.22
Machinery	-	320.04	268.1	184.29	157.92	145.94
Construction In Progress	-	709.34	126.79	18.72	3.96	5.8

Updated Oct 28, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.