Sungrow Power Supply Co., Ltd. (SHE:300274)

Sungrow Power Supply 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Cash & Equivalents	23,953	19,799	18,031	11,667	7,790	7,417
Trading Asset Securities	8,172	10,165	2,072	1,490	3,813	673.05
Cash & Short-Term Investments	32,125	29,964	20,103	13,157	11,603	8,090
Cash Growth	44.60%	49.06%	52.79%	13.39%	43.42%	38.43%
Accounts Receivable	31,965	31,322	24,626	17,274	11,660	9,803
Other Receivables	1,715	1,858	1,439	1,172	1,022	878.16
Receivables	33,681	33,180	26,066	18,446	12,682	10,681
Inventory	29,926	29,028	21,442	19,060	10,768	3,873
Prepaid Expenses	-	136.75	92.19	38.93	52.13	47.25
Other Current Assets	3,162	2,840	1,582	1,292	1,203	561.18
Total Current Assets	98,893	95,149	69,284	51,994	36,307	23,253
Property, Plant & Equipment	12,770	11,614	8,521	6,292	5,015	3,453
Long-Term Investments	1,781	1,489	940.06	531.96	155.17	552.78
Goodwill	296.98	296.98	-	-	-	-
Other Intangible Assets	1,192	1,122	732.42	340.37	174.39	128.95
Long-Term Accounts Receivable	273.57	1,778	968.03	855.8	466.37	210.77
Long-Term Deferred Tax Assets	2,983	2,951	2,071	1,026	638.43	359.48
Long-Term Deferred Charges	138.69	119.32	89.18	98.76	23.7	33.78
Other Long-Term Assets	2,347	552.84	270.16	488.91	59.96	11.43
Total Assets	120,675	115,074	82,877	61,627	42,840	28,003
Accounts Payable	34,517	36,757	28,486	25,926	17,765	12,092
Accrued Expenses	2,459	2,461	1,874	1,133	573.1	354.05
Short-Term Debt	4,975	4,214	2,793	1,422	1,599	135.13
Current Portion of Long-Term Debt	-	1,246	1,261	732.33	159.3	260.7
Current Portion of Leases	-	59.66	81.18	77.55	46.08	-
Current Income Taxes Payable	1,348	1,523	2,185	399.03	186.8	231.78
Current Unearned Revenue	10,006	10,027	6,565	3,788	1,714	1,408
Other Current Liabilities	5,947	4,010	2,692	1,990	1,465	545.74
Total Current Liabilities	59,253	60,298	45,937	35,469	23,507	15,027
Long-Term Debt	3,839	4,293	4,206	4,214	1,948	1,841
Long-Term Leases	2,745	3,742	489.21	974.41	283.79	-
Long-Term Unearned Revenue	358.46	371.21	168.76	166.8	141.48	135.95
Long-Term Deferred Tax Liabilities	84.84	82.33	12.61	13.4	14.13	14.68
Other Long-Term Liabilities	6,195	6,088	2,608	1,052	242.1	119.55
Total Liabilities	72,475	74,875	53,422	41,889	26,136	17,138
Common Stock	2,073	2,073	1,485	1,485	1,485	1,457
Additional Paid-In Capital	7,065	7,013	7,606	7,053	6,960	3,218
Retained Earnings	37,127	29,412	19,795	10,680	7,250	5,871
Treasury Stock	-1,617	-1,771	-1,381	-520.75	-15.13	-76.13
Comprehensive Income & Other	316.84	177.89	200.22	-30.52	-24.22	-14.39
Total Common Equity	44,965	36,905	27,705	18,667	15,655	10,456
Minority Interest	3,235	3,294	1,749	1,071	1,049	408.79
Shareholders' Equity	48,200	40,199	29,454	19,738	16,704	10,865
Total Liabilities & Equity	120,675	115,074	82,877	61,627	42,840	28,003
Total Debt	11,559	13,555	8,830	7,421	4,035	2,236
Net Cash (Debt)	20,566	16,409	11,272	5,736	7,568	5,854
Net Cash Growth	482.44%	45.57%	96.51%	-24.20%	29.28%	59.28%
Net Cash Per Share	9.90	7.91	5.43	2.76	3.69	2.87
Filing Date Shares Outstanding	2,053	2,047	2,056	2,070	2,079	2,040
Total Common Shares Outstanding	2,053	2,047	2,056	2,070	2,079	2,040
Working Capital	39,639	34,851	23,347	16,525	12,800	8,226
Book Value Per Share	21.90	18.03	13.47	9.02	7.53	5.13
Tangible Book Value	43,476	35,486	26,973	18,327	15,481	10,327
Tangible Book Value Per Share	21.18	17.33	13.12	8.85	7.45	5.06
Land	-	96.23	93.88	-	-	-
Buildings	-	3,661	2,075	1,203	1,172	544.43
Machinery	-	7,942	6,186	4,820	4,226	3,574
Construction In Progress	-	2,265	1,686	1,189	424.31	211.75

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