Hangzhou Zhongheng Electric Co., Ltd (SHE:002364)

SHE:002364 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	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Cash & Equivalents	586.49	701.59	465.31	416.7	261.77	465.12
Short-Term Investments	-	344.41	179.96	51	70	-
Trading Asset Securities	-	-	50	-	-	-
Cash & Short-Term Investments	586.49	1,046	695.27	467.7	331.77	465.12
Cash Growth	16.55%	50.44%	48.66%	40.97%	-28.67%	-38.64%
Accounts Receivable	998.64	1,066	983.3	1,034	1,144	1,069
Other Receivables	36.98	43.06	43.39	20.02	32.54	4.5
Receivables	1,036	1,110	1,027	1,054	1,176	1,076
Inventory	736.01	696.43	605.14	661.1	669.4	659.38
Prepaid Expenses	-	0.41	0.09	0.35	0.62	-
Other Current Assets	491.95	65.42	54.89	99.17	78.07	125.76
Total Current Assets	2,850	2,918	2,382	2,283	2,256	2,327
Property, Plant & Equipment	372.88	382.22	427.23	336.34	339.68	274.55
Long-Term Investments	256.44	296.75	273.03	298.25	311.66	465.86
Goodwill	19.98	19.98	29.71	31.95	42.45	48.72
Other Intangible Assets	57.36	58.49	62.85	66.89	67.33	69.72
Long-Term Accounts Receivable	-	5.44	-	0.73	0.29	-
Long-Term Deferred Tax Assets	88.63	87.78	107.65	98.8	86.64	85.59
Long-Term Deferred Charges	13.59	14.45	17.87	21.85	24.52	25.12
Other Long-Term Assets	89.57	2.55	1.59	136.04	134.1	153.21
Total Assets	3,749	3,785	3,302	3,274	3,263	3,449
Accounts Payable	989.57	1,005	593.13	596.67	540.93	622.82
Accrued Expenses	5.94	97.8	68.71	66.96	70.42	72.66
Short-Term Debt	4.3	4.18	130.11	160.07	160.06	413.09
Current Portion of Leases	0.82	1.72	2.23	2.79	2.83	-
Current Income Taxes Payable	11.44	0.71	0.18	1.22	6.66	20.06
Current Unearned Revenue	201.29	162.53	91.26	71.75	62.85	24.56
Other Current Liabilities	44.43	43.29	74.31	106.24	44.04	58.44
Total Current Liabilities	1,258	1,315	959.92	1,006	887.79	1,212
Long-Term Debt	-	-	-	-	19.52	-
Long-Term Leases	3.82	4.08	1.7	3.51	3.95	-
Long-Term Unearned Revenue	6.9	7.34	9.25	3.23	3.8	4.68
Long-Term Deferred Tax Liabilities	-	-	-	8.37	7.72	-
Other Long-Term Liabilities	2.39	0.95	0.72	0.47	0.26	0.34
Total Liabilities	1,271	1,328	971.59	1,021	923.05	1,217
Common Stock	563.56	563.56	563.56	563.56	563.56	563.56
Additional Paid-In Capital	985.15	985.15	972.43	963.57	1,036	1,029
Retained Earnings	858.61	838.32	756.87	720.9	833.08	798.83
Treasury Stock	-0.37	-0.37	-30.16	-60.31	-142.79	-167.78
Comprehensive Income & Other	43.71	43.71	43.67	43.7	43.73	0.01
Total Common Equity	2,451	2,430	2,306	2,231	2,334	2,224
Minority Interest	26.98	27.55	24.05	20.95	5.65	8.77
Shareholders' Equity	2,478	2,458	2,330	2,252	2,340	2,233
Total Liabilities & Equity	3,749	3,785	3,302	3,274	3,263	3,449
Total Debt	8.93	9.98	134.04	166.36	186.36	413.09
Net Cash (Debt)	577.55	1,036	561.24	301.34	145.4	52.03
Net Cash Growth	48.05%	84.60%	86.25%	107.24%	179.47%	-92.21%
Net Cash Per Share	1.07	1.89	1.00	0.54	0.26	0.10
Filing Date Shares Outstanding	507.28	563.3	732.18	734.84	555.38	550.45
Total Common Shares Outstanding	507.28	563.3	732.18	734.84	555.38	550.45
Working Capital	1,592	1,603	1,422	1,277	1,368	1,115
Book Value Per Share	4.83	4.31	3.15	3.04	4.20	4.04
Tangible Book Value	2,373	2,352	2,214	2,133	2,224	2,106
Tangible Book Value Per Share	4.68	4.18	3.02	2.90	4.00	3.83
Buildings	-	464.84	464.84	207.55	221.8	220.32
Machinery	-	166.46	162.56	161.34	149.33	130.42
Construction In Progress	-	1.48	0.03	63.27	34.79	4.28

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