Hefei Kewell Power System Co.,Ltd. (SHA:688551)

Hefei Kewell Power System 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	257.48	447.58	733.7	568.82	378.48	275.2
Trading Asset Securities	391.74	311.01	170.09	170.58	382.03	507.61
Cash & Short-Term Investments	649.22	758.58	903.79	739.41	760.51	782.8
Cash Growth	-13.80%	-16.07%	22.23%	-2.77%	-2.85%	934.63%
Accounts Receivable	284.62	295.84	333.07	247.73	159.68	115.96
Other Receivables	5.21	3.59	3.24	3.8	2.25	1.36
Receivables	289.83	299.43	336.31	251.53	161.93	117.32
Inventory	291.51	274	228.72	172.31	93.22	43.54
Other Current Assets	3.9	10.69	3.06	8.83	12.01	3.6
Total Current Assets	1,234	1,343	1,472	1,172	1,028	947.27
Property, Plant & Equipment	370.98	309.99	206.15	145.78	98.74	56.12
Long-Term Investments	44.99	8.55	5.08	5.05	-	-
Goodwill	-	3.01	3.01	3.01	3.01	-
Other Intangible Assets	21.13	22.08	21.76	22.07	10.05	8.48
Long-Term Deferred Tax Assets	12.56	10.45	9.55	7.81	4.27	2.27
Long-Term Deferred Charges	2.72	2.74	2.04	3.83	3.12	0.41
Other Long-Term Assets	25.21	12	13.85	0.17	0.98	2.07
Total Assets	1,712	1,712	1,733	1,360	1,148	1,017
Accounts Payable	264.5	230.1	241.29	195.37	106.49	55.62
Accrued Expenses	20.55	24.83	25.63	20.65	12.25	10.46
Short-Term Debt	-	30.02	33.03	30.01	-	-
Current Portion of Leases	2.35	2.4	0.56	2.93	4.46	-
Current Income Taxes Payable	2.08	0.01	6.5	3.5	-	0.92
Current Unearned Revenue	83.9	80.29	72.19	49.22	31.36	14.67
Other Current Liabilities	14.89	19.86	20.82	14.38	8.36	7.12
Total Current Liabilities	388.27	387.49	400.01	316.06	162.93	88.79
Long-Term Leases	0.9	2.46	1.61	2.08	4.54	-
Long-Term Unearned Revenue	7.3	7.87	8.62	3.72	3.89	3.02
Long-Term Deferred Tax Liabilities	0.31	0.37	0.26	0.28	0.66	0.39
Other Long-Term Liabilities	11.4	12.77	12.25	7.57	4.86	3.23
Total Liabilities	408.18	410.96	422.75	329.7	176.88	95.44
Common Stock	84.07	84.02	83.74	80.24	80	80
Additional Paid-In Capital	962.85	962.12	956.64	765.41	749.38	743.26
Retained Earnings	285.45	269.12	270.35	183.06	138.84	97.92
Treasury Stock	-29.16	-11.82	-	-	-	-
Comprehensive Income & Other	0.65	-2.15	-0.42	0.05	-	-
Total Common Equity	1,304	1,301	1,310	1,029	968.22	921.18
Minority Interest	-	-0.72	0.25	1.34	2.72	-
Shareholders' Equity	1,304	1,301	1,311	1,030	970.94	921.18
Total Liabilities & Equity	1,712	1,712	1,733	1,360	1,148	1,017
Total Debt	3.26	34.88	35.19	35.02	9.01	-
Net Cash (Debt)	645.96	723.71	868.6	704.38	751.5	782.8
Net Cash Growth	-10.21%	-16.68%	23.31%	-6.27%	-4.00%	934.63%
Net Cash Per Share	7.78	8.71	10.76	8.83	9.37	12.02
Filing Date Shares Outstanding	82.08	83.59	83.8	80.24	80	80
Total Common Shares Outstanding	82.08	83.59	83.74	80.24	80	80
Working Capital	846.19	955.23	1,072	856.02	864.73	858.48
Book Value Per Share	15.89	15.57	15.65	12.82	12.10	11.51
Tangible Book Value	1,283	1,276	1,286	1,004	955.16	912.7
Tangible Book Value Per Share	15.63	15.27	15.35	12.51	11.94	11.41
Buildings	-	148.94	148.54	117.02	51.63	51.58
Machinery	-	58.2	47.01	39.41	18.71	10.27
Construction In Progress	-	138.58	37.28	3.15	30.37	1.27

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