China Railway High-speed Electrification Equipment Corporation Limited (SHA:688285)

SHA:688285 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	503.67	581.54	606.76	605.31	759.77	887.02
Cash & Short-Term Investments	503.67	581.54	606.76	605.31	759.77	887.02
Cash Growth	13.16%	-4.16%	0.24%	-20.33%	-14.35%	188.89%
Accounts Receivable	1,301	1,395	1,374	1,490	1,389	989.45
Other Receivables	9.03	0.17	1.25	0.7	14.82	17.5
Receivables	1,310	1,395	1,375	1,491	1,404	1,007
Inventory	546.69	433.58	339.31	328.59	325.99	506.3
Other Current Assets	24.93	23.04	25.68	30.85	9.71	18.91
Total Current Assets	2,385	2,433	2,347	2,455	2,499	2,419
Property, Plant & Equipment	451.42	460.28	485.4	345.2	304.42	281.69
Other Intangible Assets	72.92	73.26	75.65	78.56	78.45	80.84
Long-Term Deferred Tax Assets	37.66	36.58	34.42	18.59	4.56	3.37
Long-Term Deferred Charges	2.69	2.81	3.31	5.3	6.54	3.52
Other Long-Term Assets	115.96	127.61	129.89	312.78	282.05	262.25
Total Assets	3,066	3,134	3,075	3,216	3,175	3,051
Accounts Payable	1,015	1,105	1,036	1,206	1,161	1,030
Accrued Expenses	-	6.98	7.65	12.36	40.24	16.24
Short-Term Debt	209.62	209.62	209.64	210.14	144.62	50
Current Portion of Long-Term Debt	0.47	-	-	-	65.57	160
Current Portion of Leases	-	-	-	1.5	2.21	0.51
Current Income Taxes Payable	9.99	2.85	5.45	5.1	9.1	3.96
Current Unearned Revenue	22.3	12.64	13.91	0.84	5.23	39.52
Other Current Liabilities	72.59	74.41	123.58	132.29	125.01	163.18
Total Current Liabilities	1,330	1,412	1,397	1,568	1,553	1,464
Long-Term Debt	-	-	-	-	-	68
Long-Term Leases	-	-	-	1.98	2.71	5.68
Long-Term Unearned Revenue	12.78	13.35	13.74	14.14	13.61	14.82
Pension & Post-Retirement Benefits	-	2.62	2.72	2.92	3.15	3.6
Other Long-Term Liabilities	2.62	-	-	-	1.91	1.91
Total Liabilities	1,345	1,428	1,413	1,587	1,574	1,558
Common Stock	376.29	376.29	376.29	376.29	376.29	376.29
Additional Paid-In Capital	621.78	621.78	621.78	621.78	621.78	621.78
Retained Earnings	706.24	693.96	650.03	615.43	588.81	482.48
Comprehensive Income & Other	-1.96	-1.96	-1.95	-1.66	-1.4	-1.33
Total Common Equity	1,702	1,690	1,646	1,612	1,585	1,479
Minority Interest	18.42	16.32	16.15	17.16	15.17	13.75
Shareholders' Equity	1,721	1,706	1,662	1,629	1,601	1,493
Total Liabilities & Equity	3,066	3,134	3,075	3,216	3,175	3,051
Total Debt	210.09	209.62	209.64	213.62	215.11	284.19
Net Cash (Debt)	293.57	371.91	397.12	391.69	544.66	602.83
Net Cash Growth	25.13%	-6.35%	1.39%	-28.09%	-9.65%	-
Net Cash Per Share	0.78	0.99	1.05	1.04	1.45	2.02
Filing Date Shares Outstanding	376.44	376.29	376.29	376.29	376.29	376.29
Total Common Shares Outstanding	376.44	376.29	376.29	376.29	376.29	376.29
Working Capital	1,056	1,022	950.09	887.61	946	955.28
Book Value Per Share	4.52	4.49	4.37	4.28	4.21	3.93
Tangible Book Value	1,629	1,617	1,570	1,533	1,507	1,398
Tangible Book Value Per Share	4.33	4.30	4.17	4.07	4.00	3.72
Buildings	-	405.25	399.2	248.25	248.25	92.19
Machinery	-	296.76	296.7	253.47	189.32	167.08
Construction In Progress	-	0.44	0.44	25.49	28.12	166.7

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