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 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	2,300	2,858	1,954	1,465	1,261	1,571
Trading Asset Securities	545.78	856.25	520	266.48	772.93	936.52
Cash & Short-Term Investments	2,846	3,714	2,474	1,731	2,034	2,508
Cash Growth	33.02%	50.14%	42.90%	-14.89%	-18.89%	231.76%
Accounts Receivable	3,060	2,646	2,292	1,719	1,159	1,357
Other Receivables	27.85	24.67	16.01	23.75	9.34	4.46
Receivables	3,088	2,670	2,308	1,743	1,168	1,362
Inventory	1,710	1,414	1,758	757.83	721.28	289.97
Other Current Assets	469.93	453.88	211.39	88.96	205.7	44.73
Total Current Assets	8,114	8,252	6,750	4,321	4,129	4,204
Property, Plant & Equipment	1,441	1,372	1,133	1,014	778.82	310.47
Long-Term Investments	21.75	21.75	10.68	2.44	0.41	-
Other Intangible Assets	142.54	144.62	146.89	151.81	149.73	99.61
Long-Term Deferred Tax Assets	129.85	119.6	105.72	89.06	61.39	39.67
Long-Term Deferred Charges	10.26	7.75	7.87	10.3	10.65	3.88
Other Long-Term Assets	70.07	5.93	10.75	4.24	33.37	6.02
Total Assets	9,930	9,923	8,165	5,592	5,163	4,664
Accounts Payable	3,005	3,369	3,356	2,070	2,024	1,786
Accrued Expenses	75.95	171.56	91.33	56.38	32.03	34.51
Short-Term Debt	926.8	957.94	609.33	364.06	182.19	65.53
Current Portion of Long-Term Debt	-	21.85	-	-	-	-
Current Portion of Leases	-	10.63	6.17	4.56	4.07	-
Current Income Taxes Payable	34.75	85.47	54.94	13.75	8.07	30.36
Current Unearned Revenue	441.96	224.98	770.99	284.18	245.69	27.97
Other Current Liabilities	263.47	106.19	155.71	72.34	138.85	178.29
Total Current Liabilities	4,748	4,948	5,045	2,865	2,635	2,122
Long-Term Debt	754.34	376.17	140.48	100.82	-	-
Long-Term Leases	45.28	66.99	60.71	24.45	11.32	-
Long-Term Unearned Revenue	92.9	90.37	96.24	99.57	73.6	57.37
Long-Term Deferred Tax Liabilities	3.33	0.84	-	-	0.44	1.73
Other Long-Term Liabilities	12.47	14.17	8.58	2.96	0.58	-
Total Liabilities	5,657	5,496	5,351	3,093	2,720	2,181
Common Stock	219.07	218.52	135.82	135.72	135.72	135.72
Additional Paid-In Capital	2,822	2,802	1,779	1,754	1,740	1,739
Retained Earnings	1,354	1,449	936.63	605.17	564.81	608.14
Treasury Stock	-170.1	-87.02	-64.42	-	-	-
Comprehensive Income & Other	30.62	27.29	15.13	0.3	0.02	-0.12
Total Common Equity	4,255	4,410	2,802	2,495	2,440	2,482
Minority Interest	17.73	16.53	12.14	3.88	2.44	0.01
Shareholders' Equity	4,273	4,427	2,815	2,499	2,443	2,482
Total Liabilities & Equity	9,930	9,923	8,165	5,592	5,163	4,664
Total Debt	1,726	1,434	816.68	493.89	197.59	65.53
Net Cash (Debt)	1,120	2,280	1,657	1,237	1,836	2,442
Net Cash Growth	237.24%	37.62%	33.93%	-32.62%	-24.81%	265.57%
Net Cash Per Share	5.20	11.23	8.21	6.17	9.01	14.47
Filing Date Shares Outstanding	216.05	217.26	200.49	202.22	202.22	202.22
Total Common Shares Outstanding	216.05	217.26	200.49	202.22	202.22	202.22
Working Capital	3,365	3,304	1,705	1,455	1,494	2,082
Book Value Per Share	19.70	20.30	13.98	12.34	12.07	12.28
Tangible Book Value	4,113	4,266	2,656	2,344	2,291	2,383
Tangible Book Value Per Share	19.04	19.63	13.25	11.59	11.33	11.78
Buildings	-	748.58	576.32	491.81	227.83	168.18
Machinery	-	728.99	548.44	509.74	278.56	171.53
Construction In Progress	-	83.29	130.69	105.68	326.23	22.62

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