Willing New Energy Co., Ltd. (SHE:002667)

Willing New Energy 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	Jan 1, 2024	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Cash & Equivalents	45.32	110.52	133.78	674	255.99	89.57
Short-Term Investments	-	8.47	-	-	-	-
Trading Asset Securities	-	-	-	-	-	293.21
Cash & Short-Term Investments	45.32	118.99	133.78	674	255.99	382.78
Cash Growth	-23.31%	-11.05%	-80.15%	163.29%	-33.12%	6.03%
Accounts Receivable	64.84	55.59	168.94	291.82	160.82	150.16
Other Receivables	28.4	39.77	63.99	42.69	61.21	1.28
Receivables	93.24	95.36	232.92	334.51	222.02	151.44
Inventory	50.76	46.87	121	452.3	179.33	130.28
Other Current Assets	235.49	212.86	77.8	101.66	59.49	8.52
Total Current Assets	424.81	474.09	565.51	1,562	716.83	673.03
Property, Plant & Equipment	793.08	805.88	837.79	598.42	99.97	111.47
Long-Term Investments	176.21	176.8	134.92	154.47	70.81	71.58
Goodwill	128.85	128.85	173.94	173.94	-	-
Other Intangible Assets	63.69	64.69	68.18	69.7	32.58	33.28
Long-Term Deferred Tax Assets	0.39	0.4	3.66	27.88	27.01	19.87
Long-Term Deferred Charges	0.26	0.33	0.65	0.72	1.17	1.1
Other Long-Term Assets	13.09	13.02	233.7	21.41	1.39	0.01
Total Assets	1,600	1,664	2,018	2,609	949.76	910.35
Accounts Payable	243	294.36	257.95	150.28	12.78	21.84
Accrued Expenses	8.17	12.1	11.87	26.17	13.65	4.47
Short-Term Debt	254.73	186.81	193.78	495.48	58.1	-
Current Portion of Long-Term Debt	110.81	93.47	39.84	50.05	-	-
Current Portion of Leases	-	1.41	4.51	3.53	4.84	1.31
Current Income Taxes Payable	0.33	0.02	1.98	44.42	0.02	-
Current Unearned Revenue	33.17	41.55	30.41	161.47	108.77	62.94
Other Current Liabilities	112.89	116.27	109.26	221.52	23.17	14.13
Total Current Liabilities	763.1	746.01	649.59	1,153	221.33	104.68
Long-Term Debt	124.36	169.82	244.73	166.21	-	-
Long-Term Leases	1.49	1.28	8.53	1.94	1.09	2.52
Long-Term Unearned Revenue	5.85	5.89	6.04	11.62	11.79	14.49
Long-Term Deferred Tax Liabilities	4.56	4.69	7.15	6.17	0.02	0.05
Other Long-Term Liabilities	-	-	-	3.21	5.13	10.06
Total Liabilities	899.35	927.68	916.04	1,342	239.36	131.8
Common Stock	242.37	242.37	242.46	243.22	231.13	231.13
Additional Paid-In Capital	437.53	437.45	438.28	407.46	235.68	235.68
Retained Earnings	-259.24	-234.25	73.68	296.89	213.61	310.22
Treasury Stock	-77.48	-77.48	-78.73	-166.24	-	-
Comprehensive Income & Other	-2.62	-2.62	0	2.27	1.04	1.52
Total Common Equity	340.56	365.47	675.69	783.61	681.45	778.55
Minority Interest	360.46	370.9	426.61	483.33	28.94	-
Shareholders' Equity	701.02	736.37	1,102	1,267	710.4	778.55
Total Liabilities & Equity	1,600	1,664	2,018	2,609	949.76	910.35
Total Debt	491.4	452.79	491.39	717.21	64.04	3.83
Net Cash (Debt)	-446.08	-333.8	-357.61	-43.21	191.95	378.95
Net Cash Growth	-	-	-	-	-49.35%	5.01%
Net Cash Per Share	-1.87	-1.41	-1.55	-0.18	0.84	1.50
Filing Date Shares Outstanding	242.37	242.37	242.46	243.22	231.13	231.13
Total Common Shares Outstanding	242.37	242.37	242.46	243.22	231.13	231.13
Working Capital	-338.28	-271.92	-84.08	409.55	495.5	568.34
Book Value Per Share	1.41	1.51	2.79	3.22	2.95	3.37
Tangible Book Value	148.03	171.94	433.57	539.97	648.87	745.27
Tangible Book Value Per Share	0.61	0.71	1.79	2.22	2.81	3.22
Buildings	-	495.79	486.1	441.36	94.45	95.52
Machinery	-	274.56	236.62	339.02	137.53	137.65
Construction In Progress	-	196.87	212.16	14.68	0.5	1.99

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