GoodWe Technologies Co., Ltd. (SHA:688390)

GoodWe Technologies 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	936.25	1,073	1,838	1,577	1,231	1,088
Trading Asset Securities	22.37	14.89	0.24	80.15	70.45	271.99
Cash & Short-Term Investments	958.62	1,088	1,839	1,657	1,302	1,360
Cash Growth	12.20%	-40.81%	10.98%	27.28%	-4.31%	296.92%
Accounts Receivable	2,068	1,089	830.26	736.53	671.94	427.46
Other Receivables	156.83	129.62	92.54	97.04	32.01	24.08
Receivables	2,224	1,219	922.81	833.57	703.95	451.55
Inventory	2,477	2,638	1,944	1,579	854.97	349.56
Prepaid Expenses	-	-	-	10.97	-	-
Other Current Assets	239.8	323.96	313.4	169.64	79.32	25.91
Total Current Assets	5,900	5,269	5,019	4,250	2,940	2,187
Property, Plant & Equipment	1,828	2,020	1,560	1,090	533.98	281.81
Long-Term Investments	287.59	263.43	273.28	208.15	88.91	26.44
Goodwill	33.97	33.97	9.19	9.19	17.92	-
Other Intangible Assets	111.52	111.62	113.78	73.2	76.01	30.61
Long-Term Deferred Tax Assets	278.29	202.83	46.27	59.91	22.16	12
Long-Term Deferred Charges	37.57	45.49	63.63	61.14	9.89	4.07
Other Long-Term Assets	8.42	5.19	26.01	47.17	25.87	17.31
Total Assets	8,485	7,952	7,111	5,799	3,715	2,560
Accounts Payable	2,991	1,459	2,137	2,312	1,644	898.5
Accrued Expenses	155.22	169.4	163.72	119.44	111.18	64.84
Short-Term Debt	1,154	1,323	260.14	50.05	-	-
Current Portion of Long-Term Debt	28.8	25.04	5.48	-	-	-
Current Portion of Leases	-	39.18	19.09	26.17	7.48	-
Current Income Taxes Payable	64.79	49.75	81.27	83.07	9.08	13.13
Current Unearned Revenue	256.65	345.5	229.32	321.26	103.89	84.16
Other Current Liabilities	587.47	1,049	803.84	378.43	108.78	15.27
Total Current Liabilities	5,238	4,461	3,700	3,290	1,984	1,076
Long-Term Debt	127	168.54	71.27	-	-	-
Long-Term Leases	139.71	252.08	144.15	139.05	13.39	-
Long-Term Unearned Revenue	42.91	33.7	28.67	3.89	1.07	1.69
Long-Term Deferred Tax Liabilities	7.84	8.91	0.12	0	4.97	0
Other Long-Term Liabilities	68.29	114.51	106.58	84.7	33.14	25.41
Total Liabilities	5,624	5,039	4,051	3,518	2,037	1,103
Common Stock	242.77	242.59	172.89	123.2	88	88
Additional Paid-In Capital	932.08	919.43	1,012	993.76	971.98	946.87
Retained Earnings	1,678	1,597	1,788	1,133	589.53	415.6
Treasury Stock	-145.33	-10	-	-	-	-
Comprehensive Income & Other	8.55	1.03	9.58	7.31	6.41	6.22
Total Common Equity	2,716	2,750	2,983	2,257	1,656	1,457
Minority Interest	145.28	163.59	77.3	23.63	21.86	-0.03
Shareholders' Equity	2,861	2,913	3,060	2,281	1,678	1,457
Total Liabilities & Equity	8,485	7,952	7,111	5,799	3,715	2,560
Total Debt	1,449	1,808	500.13	215.28	20.87	-
Net Cash (Debt)	-490.81	-719.9	1,339	1,442	1,281	1,360
Net Cash Growth	-	-	-7.14%	12.54%	-5.85%	351.98%
Net Cash Per Share	-1.89	-3.03	5.50	5.93	5.31	6.93
Filing Date Shares Outstanding	239.96	242.48	241.94	241.47	241.47	241.47
Total Common Shares Outstanding	239.96	242.48	241.94	241.47	241.47	241.47
Working Capital	662.09	808.23	1,318	959.66	955.61	1,112
Book Value Per Share	11.32	11.34	12.33	9.35	6.86	6.03
Tangible Book Value	2,570	2,604	2,860	2,175	1,562	1,426
Tangible Book Value Per Share	10.71	10.74	11.82	9.01	6.47	5.91
Buildings	-	1,245	501.82	479.12	230.1	196.51
Machinery	-	1,034	754.12	544.35	246.06	122.83
Construction In Progress	-	32.02	485.18	153.48	110.76	6.5

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.