SolaX Power Network Technology (Zhejiang) Co., Ltd. (SHA:688717)

SHA:688717 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	3,011	3,176	3,039	791.43	200.4	168.62
Cash & Short-Term Investments	3,011	3,176	3,039	791.43	200.4	168.62
Cash Growth	-5.14%	4.52%	283.95%	294.92%	18.85%	455.11%
Accounts Receivable	586.11	463.57	357.44	460.47	55.92	35.39
Other Receivables	63.69	24.49	37.99	52.91	18.14	4.34
Receivables	649.8	488.06	395.43	513.38	74.06	39.73
Inventory	1,058	1,036	1,033	1,303	412.75	130
Prepaid Expenses	-	9.35	0.75	-	-	-
Other Current Assets	68.49	117.78	80.39	154.36	30.34	12.96
Total Current Assets	4,787	4,827	4,549	2,762	717.56	351.3
Property, Plant & Equipment	864.17	811.44	570.73	336.82	102.81	30.87
Long-Term Investments	0.28	0.27	0.27	0.25	0.26	0.27
Other Intangible Assets	73.5	74.25	111.22	62.65	13.27	12.96
Long-Term Deferred Tax Assets	98.91	93.04	64.09	57.57	14.82	11.53
Long-Term Deferred Charges	48.77	51.73	49.89	4.32	5.26	0.2
Other Long-Term Assets	285.29	278.55	10.39	6.29	7.14	1.02
Total Assets	6,158	6,136	5,355	3,230	861.11	408.14
Accounts Payable	1,320	1,125	354.84	1,201	367.76	117.1
Accrued Expenses	87.47	211.21	271.16	191.56	58.72	21.77
Short-Term Debt	-	-	-	69.1	126.78	128
Current Portion of Leases	26.99	25.21	21.61	12.92	8.57	-
Current Income Taxes Payable	-	8.15	22.02	147.87	7.68	-
Current Unearned Revenue	67.49	103.13	95.58	102.8	74.29	17.36
Other Current Liabilities	51.2	103.29	68.67	64.86	11.8	4.31
Total Current Liabilities	1,553	1,576	833.88	1,790	655.6	288.54
Long-Term Leases	26.28	33.92	46.65	25.05	14.38	-
Long-Term Unearned Revenue	26.45	27.3	8.01	-	-	-
Long-Term Deferred Tax Liabilities	0.53	0.53	0.09	0.08	1.2	-
Other Long-Term Liabilities	106.52	99.98	126.11	131.82	40.59	33.81
Total Liabilities	1,713	1,737	1,015	1,947	711.77	322.35
Common Stock	160	160	160	120	60	60
Additional Paid-In Capital	1,978	1,978	1,978	29.9	89.9	89.9
Retained Earnings	2,296	2,250	2,196	1,132	-2.31	-63.96
Comprehensive Income & Other	11.4	10.92	6.16	1.83	1.75	-0.14
Shareholders' Equity	4,445	4,399	4,340	1,283	149.34	85.79
Total Liabilities & Equity	6,158	6,136	5,355	3,230	861.11	408.14
Total Debt	53.27	59.13	68.25	107.06	149.73	128
Net Cash (Debt)	2,958	3,117	2,970	684.36	50.67	40.62
Net Cash Growth	-4.75%	4.93%	334.05%	1250.54%	24.75%	-
Net Cash Per Share	18.55	19.44	24.75	5.70	0.42	0.34
Filing Date Shares Outstanding	160	160	160	120	60	118.09
Total Common Shares Outstanding	160	160	160	120	60	118.09
Working Capital	3,234	3,251	3,715	972.47	61.96	62.77
Book Value Per Share	27.78	27.49	27.13	10.70	2.49	0.73
Tangible Book Value	4,372	4,325	4,229	1,221	136.07	72.84
Tangible Book Value Per Share	27.32	27.03	26.43	10.17	2.27	0.62
Buildings	-	424.99	158.76	109.23	-	-
Machinery	-	378.58	251.75	181.02	41.97	30.91
Construction In Progress	-	54.32	148.39	39.93	60.47	18.54

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