Arctech Solar Holding Co., Ltd. (SHA: 688408)

Arctech Solar Holding Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	1,808	1,954	1,465	1,261	1,571	555.81
Trading Asset Securities	205	520	266.48	772.93	936.52	200
Cash & Short-Term Investments	2,013	2,474	1,731	2,034	2,508	755.81
Cash Growth	12.88%	42.90%	-14.88%	-18.89%	231.77%	27.24%
Accounts Receivable	2,688	2,292	1,719	1,159	1,357	1,085
Other Receivables	22.57	16.01	23.75	9.34	4.46	6.79
Receivables	2,711	2,308	1,743	1,168	1,362	1,092
Inventory	2,612	1,758	757.83	721.28	289.97	197.23
Other Current Assets	426.75	211.39	88.96	205.7	44.73	18.48
Total Current Assets	7,763	6,750	4,321	4,129	4,204	2,063
Property, Plant & Equipment	1,218	1,133	1,014	778.82	310.47	290.46
Long-Term Investments	10.68	10.68	2.44	0.41	-	-
Other Intangible Assets	144.59	146.89	151.81	149.73	99.61	82.15
Long-Term Deferred Tax Assets	97.7	105.72	89.06	61.39	39.67	31.39
Long-Term Deferred Charges	6.53	7.87	10.3	10.65	3.88	4.54
Other Long-Term Assets	52.45	10.75	4.24	33.37	6.02	0.1
Total Assets	9,293	8,165	5,592	5,163	4,664	2,472
Accounts Payable	3,453	3,356	2,070	2,024	1,786	1,213
Accrued Expenses	164.57	91.33	56.38	32.03	34.51	30.98
Short-Term Debt	1,302	609.33	364.06	182.19	65.53	87.82
Current Portion of Leases	10.37	6.17	4.56	4.07	-	-
Current Income Taxes Payable	28.53	54.94	13.75	8.07	30.36	17.02
Current Unearned Revenue	553.88	770.99	284.18	245.69	27.97	-
Other Current Liabilities	38.66	155.71	72.34	138.85	178.29	187.63
Total Current Liabilities	5,551	5,045	2,865	2,635	2,122	1,536
Long-Term Debt	524.36	140.48	100.82	-	-	-
Long-Term Leases	61.46	60.71	24.45	11.32	-	-
Long-Term Unearned Revenue	93.82	96.24	99.57	73.6	57.37	45.6
Long-Term Deferred Tax Liabilities	-	-	-	0.44	1.73	-
Other Long-Term Liabilities	8.91	8.58	2.96	0.58	-	-
Total Liabilities	6,240	5,351	3,093	2,720	2,181	1,582
Common Stock	136.3	135.82	135.72	135.72	135.72	101.79
Additional Paid-In Capital	1,806	1,779	1,754	1,740	1,739	465.41
Retained Earnings	1,168	936.63	605.17	564.81	608.14	322.65
Treasury Stock	-87.02	-64.42	-	-	-	-
Comprensive Income & Other	20.19	15.13	0.3	0.02	-0.12	-0.03
Total Common Equity	3,043	2,802	2,495	2,440	2,482	889.81
Minority Interest	9.6	12.14	3.88	2.44	0.01	0.01
Shareholders' Equity	3,053	2,815	2,499	2,443	2,482	889.82
Total Liabilities & Equity	9,293	8,165	5,592	5,163	4,664	2,472
Total Debt	1,898	816.68	493.89	197.59	65.53	87.82
Net Cash (Debt)	114.53	1,657	1,237	1,836	2,442	667.99
Net Cash Growth	-90.45%	33.93%	-32.62%	-24.81%	265.57%	31.21%
Net Cash Per Share	0.56	8.15	6.17	9.01	14.47	4.39
Filing Date Shares Outstanding	201.2	200.49	202.22	202.22	202.22	151.66
Total Common Shares Outstanding	201.2	200.49	202.22	202.22	202.22	151.66
Working Capital	2,211	1,705	1,455	1,494	2,082	526.79
Book Value Per Share	15.12	13.98	12.34	12.07	12.28	5.87
Tangible Book Value	2,899	2,656	2,344	2,291	2,383	807.66
Tangible Book Value Per Share	14.41	13.25	11.59	11.33	11.78	5.33
Buildings	617.95	576.32	491.81	227.83	168.18	125.72
Machinery	605.14	548.44	509.74	278.56	171.53	159.23
Construction In Progress	144.48	130.69	105.68	326.23	22.62	38.31
Order Backlog	-	4,700	-	-	-	-

Source: S&P Capital IQ. Standard template. Financial Sources.