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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	651.64	896.39	305.89	199.64	241.88	81.85
Trading Asset Securities	40.24	15.3	8.27	111.76	40.51	2.42
Cash & Short-Term Investments	691.88	911.69	314.16	311.4	282.39	84.27
Cash Growth	181.94%	190.20%	0.89%	10.27%	235.11%	-23.30%
Accounts Receivable	2,093	1,802	1,764	1,082	792.01	750.39
Other Receivables	11.62	133.92	32.76	11.87	14.17	14.53
Receivables	2,104	1,936	1,796	1,094	806.17	764.93
Inventory	339.28	466.39	286.74	145.16	131.97	102.82
Other Current Assets	260.22	64.64	32.52	19.69	15.19	9.92
Total Current Assets	3,396	3,379	2,430	1,570	1,236	961.93
Property, Plant & Equipment	1,343	1,249	386.19	174.24	145.05	144.77
Long-Term Investments	54.83	16.73	22.12	3.8	0.76	0.68
Goodwill	-	-	-	1.91	2.97	2.97
Other Intangible Assets	186.35	186.62	174.9	54.04	51.6	47.61
Long-Term Deferred Tax Assets	49.26	42.7	25.82	18.34	12.28	10.45
Long-Term Deferred Charges	27.5	25.67	8.14	5.08	8.41	14.02
Other Long-Term Assets	43.48	7.42	53.81	41.59	1.14	1.8
Total Assets	5,100	4,907	3,101	1,869	1,458	1,184
Accounts Payable	963.09	1,352	585.89	275.15	184.5	217.36
Accrued Expenses	28.55	38.39	42.4	28.1	15.85	15.23
Short-Term Debt	849	823.58	811.66	437.71	229.95	222.76
Current Portion of Long-Term Debt	161.68	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	7.03	6.29	11.64	3.96	3.72	4.66
Current Unearned Revenue	56.54	85.13	76.96	24.88	20.51	14.03
Other Current Liabilities	310.95	233.48	201.3	84.57	76.04	46.69
Total Current Liabilities	2,377	2,677	1,824	882.21	545.3	534.66
Long-Term Debt	911.93	467.32	180.72	37.24	16	-
Long-Term Leases	17.4	18.74	9.92	1.82	0.92	9.09
Long-Term Unearned Revenue	-	0.31	0.85	1.38	1.92	2.46
Long-Term Deferred Tax Liabilities	6.39	4.9	3.86	1.52	0.47	0.36
Total Liabilities	3,313	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	988.88	984.33	435.57	417.49	416.41	249.53
Retained Earnings	480.89	495.75	437.38	338.45	288.03	239.95
Comprehensive Income & Other	11.86	-0.3	3.14	1.34	3.02	2.02
Total Common Equity	1,669	1,666	1,033	913.28	863.46	608.51
Minority Interest	118.57	71.87	49.2	31.73	29.86	29.15
Shareholders' Equity	1,788	1,738	1,082	945.01	893.31	637.66
Total Liabilities & Equity	5,100	4,907	3,101	1,869	1,458	1,184
Total Debt	1,940	1,449	1,096	504.6	261.6	245.78
Net Cash (Debt)	-1,248	-536.88	-781.95	-193.2	20.78	-161.51
Net Cash Per Share	-6.74	-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	1,019	701.22	606.16	687.98	690.42	427.27
Book Value Per Share	8.90	8.93	6.60	5.85	5.53	5.20
Tangible Book Value	1,483	1,480	857.7	857.34	808.89	557.93
Tangible Book Value Per Share	7.90	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 Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.