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	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	2,718	3,004	3,176	3,039	791.43	200.4
Cash & Short-Term Investments	2,758	3,004	3,176	3,039	791.43	200.4
Cash Growth	-10.26%	-5.43%	4.52%	283.95%	294.92%	18.85%
Accounts Receivable	1,271	784.26	463.57	357.44	460.47	55.92
Other Receivables	109.96	8.47	17.94	26.26	52.91	18.14
Receivables	1,381	792.73	481.52	383.7	513.38	74.06
Inventory	2,616	1,430	1,036	1,033	1,303	412.75
Prepaid Expenses	-	3.83	9.35	0.75	-	-
Other Current Assets	244.54	174.26	124.32	92.11	154.36	30.34
Total Current Assets	6,999	5,405	4,827	4,549	2,762	717.56
Property, Plant & Equipment	1,503	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	154.37	158.2	74.25	111.22	62.65	13.27
Long-Term Deferred Tax Assets	257.91	182.59	93.04	64.09	57.57	14.82
Long-Term Deferred Charges	31.09	34.83	51.73	49.89	4.32	5.26
Other Long-Term Assets	238.66	226.79	278.55	10.39	6.29	7.14
Total Assets	9,184	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	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	4,111	2,047	1,139	354.84	1,201	367.76
Accrued Expenses	185.29	260.37	197.15	271.16	191.56	58.72
Short-Term Debt	-	-	-	-	69.1	126.78
Current Portion of Leases	-	23.16	25.21	21.61	12.92	8.57
Current Income Taxes Payable	65.76	7.09	8.15	22.02	147.87	7.68
Current Unearned Revenue	106.82	112.58	103.13	95.58	102.8	74.29
Other Current Liabilities	143.2	143.85	103.29	68.67	64.86	11.8
Total Current Liabilities	4,636	2,594	1,576	833.88	1,790	655.6
Long-Term Leases	60.92	28.28	33.92	46.65	25.05	14.38
Long-Term Unearned Revenue	33.48	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	153.32	124.58	99.98	126.11	131.82	40.59
Total Liabilities	4,885	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	Sep 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	2,161	2,221	2,250	2,196	1,132	-2.31
Comprehensive Income & Other	1.33	13.01	10.92	6.16	1.83	1.75
Shareholders' Equity	4,300	4,372	4,399	4,340	1,283	149.34
Total Liabilities & Equity	9,184	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	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	84.81	51.44	59.13	68.25	107.06	149.73
Net Cash (Debt)	2,673	2,952	3,117	2,970	684.36	50.67
Net Cash Growth	-11.82%	-5.28%	4.93%	334.05%	1250.54%	24.75%
Net Cash Per Share	16.89	18.56	19.44	24.75	5.70	0.42
Filing Date Shares Outstanding	156.85	160	160	160	120	60
Total Common Shares Outstanding	156.85	160	160	160	120	60
Working Capital	2,364	2,811	3,251	3,715	972.47	61.96
Book Value Per Share	27.41	27.32	27.49	27.13	10.70	2.49
Tangible Book Value	4,145	4,214	4,325	4,229	1,221	136.07
Tangible Book Value Per Share	26.43	26.34	27.03	26.43	10.17	2.27
Buildings	-	480.64	424.99	158.76	109.23	-
Machinery	-	478.44	378.58	251.75	181.02	41.97
Construction In Progress	-	324.86	54.32	148.39	39.93	60.47

Data Source: S&P Global Market Intelligence Last updated: Oct 30, 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:

Nov 6, 2026

Data Sources Report a data error