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

SHA:688717 Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	2,761	3,004	3,176	3,039	791.43	200.4
Cash & Short-Term Investments	2,761	3,004	3,176	3,039	791.43	200.4
Cash Growth	-6.73%	-5.43%	4.52%	283.95%	294.92%	18.85%
Accounts Receivable	1,176	784.26	463.57	357.44	460.47	55.92
Other Receivables	38.78	8.47	17.94	26.26	52.91	18.14
Receivables	1,214	792.73	481.52	383.7	513.38	74.06
Inventory	2,552	1,430	1,036	1,033	1,303	412.75
Prepaid Expenses	5.69	3.83	9.35	0.75	-	-
Other Current Assets	315.06	174.26	124.32	92.11	154.36	30.34
Total Current Assets	6,848	5,405	4,827	4,549	2,762	717.56
Property, Plant & Equipment	1,417	1,144	811.44	570.73	336.82	102.81
Long-Term Investments	0.27	0.28	0.27	0.27	0.25	0.26
Other Intangible Assets	155.32	158.2	74.25	111.22	62.65	13.27
Long-Term Deferred Tax Assets	230.87	182.59	93.04	64.09	57.57	14.82
Long-Term Deferred Charges	35.01	34.83	51.73	49.89	4.32	5.26
Other Long-Term Assets	225.71	226.79	278.55	10.39	6.29	7.14
Total Assets	8,912	7,151	6,136	5,355	3,230	861.11

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	3,660	2,047	1,139	354.84	1,201	367.76
Accrued Expenses	364.26	260.37	197.15	271.16	191.56	58.72
Short-Term Debt	-	-	-	-	69.1	126.78
Current Portion of Leases	24.84	23.16	25.21	21.61	12.92	8.57
Current Income Taxes Payable	11.15	7.09	8.15	22.02	147.87	7.68
Current Unearned Revenue	104.34	112.58	103.13	95.58	102.8	74.29
Other Current Liabilities	173.47	143.85	103.29	68.67	64.86	11.8
Total Current Liabilities	4,339	2,594	1,576	833.88	1,790	655.6
Long-Term Leases	59.13	28.28	33.92	46.65	25.05	14.38
Long-Term Unearned Revenue	33.88	31.45	27.3	8.01	-	-
Long-Term Deferred Tax Liabilities	1.28	0.95	0.53	0.09	0.08	1.2
Other Long-Term Liabilities	150.13	124.58	99.98	126.11	131.82	40.59
Total Liabilities	4,583	2,779	1,737	1,015	1,947	711.77

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	160	160	160	160	120	60
Additional Paid-In Capital	1,978	1,978	1,978	1,978	29.9	89.9
Retained Earnings	2,186	2,221	2,250	2,196	1,132	-2.31
Comprehensive Income & Other	5.19	13.01	10.92	6.16	1.83	1.75
Shareholders' Equity	4,329	4,372	4,399	4,340	1,283	149.34
Total Liabilities & Equity	8,912	7,151	6,136	5,355	3,230	861.11

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	83.97	51.44	59.13	68.25	107.06	149.73
Net Cash (Debt)	2,677	2,952	3,117	2,970	684.36	50.67
Net Cash Growth	-8.04%	-5.28%	4.93%	334.05%	1250.54%	24.75%
Net Cash Per Share	16.80	18.56	19.44	24.75	5.70	0.42
Filing Date Shares Outstanding	160	160	160	160	120	60
Total Common Shares Outstanding	160	160	160	160	120	60
Working Capital	2,509	2,811	3,251	3,715	972.47	61.96
Book Value Per Share	27.06	27.32	27.49	27.13	10.70	2.49
Tangible Book Value	4,174	4,214	4,325	4,229	1,221	136.07
Tangible Book Value Per Share	26.08	26.34	27.03	26.43	10.17	2.27
Buildings	509.87	480.64	424.99	158.76	109.23	-
Machinery	529.33	478.44	378.58	251.75	181.02	41.97
Construction In Progress	542.2	324.86	54.32	148.39	39.93	60.47

Data Source: S&P Global Market Intelligence Last updated: Aug 24, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 20, 2026

Data Sources Report a data error