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 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	17,630	18,031	11,667	7,790	7,417	4,457
Trading Asset Securities	4,587	2,072	1,490	3,813	673.05	1,388
Cash & Short-Term Investments	22,217	20,103	13,157	11,603	8,090	5,845
Cash Growth	28.57%	52.79%	13.39%	43.42%	38.43%	84.02%
Accounts Receivable	28,948	24,626	17,274	11,660	9,803	8,156
Other Receivables	1,694	1,409	1,172	1,022	878.16	640.68
Receivables	30,642	26,035	18,446	12,682	10,681	8,797
Inventory	32,151	21,442	19,060	10,768	3,873	3,339
Prepaid Expenses	-	92.19	38.93	52.13	47.25	2.17
Other Current Assets	3,447	1,612	1,292	1,203	561.18	446.34
Total Current Assets	88,457	69,284	51,994	36,307	23,253	18,429
Property, Plant & Equipment	9,975	8,521	6,292	5,015	3,453	2,958
Long-Term Investments	1,084	940.06	531.96	155.17	552.78	865.96
Other Intangible Assets	890.82	732.42	340.37	174.39	128.95	108.14
Long-Term Accounts Receivable	294.88	968.03	855.8	466.37	210.77	257.83
Long-Term Deferred Tax Assets	3,049	2,071	1,026	638.43	359.48	172.34
Long-Term Deferred Charges	111.91	89.18	98.76	23.7	33.78	19.11
Other Long-Term Assets	1,724	270.16	488.91	59.96	11.43	8.08
Total Assets	105,587	82,877	61,627	42,840	28,003	22,819
Accounts Payable	31,516	28,486	25,926	17,765	12,092	9,338
Accrued Expenses	1,204	1,874	1,133	573.1	354.05	287.83
Short-Term Debt	6,437	2,793	1,422	1,599	135.13	333.16
Current Portion of Long-Term Debt	2,494	1,261	732.33	159.3	260.7	182.88
Current Portion of Leases	-	81.18	77.55	46.08	-	-
Current Income Taxes Payable	2,562	2,185	399.03	186.8	231.78	121.68
Current Unearned Revenue	8,897	6,565	3,788	1,714	1,408	1,562
Other Current Liabilities	2,870	2,692	1,990	1,465	545.74	366.93
Total Current Liabilities	55,981	45,937	35,469	23,507	15,027	12,193
Long-Term Debt	9,417	4,206	4,214	1,948	1,841	1,653
Long-Term Leases	337.43	489.21	974.41	283.79	-	-
Long-Term Unearned Revenue	217.03	168.76	166.8	141.48	135.95	132.06
Long-Term Deferred Tax Liabilities	12.01	12.61	13.4	14.13	14.68	15.49
Other Long-Term Liabilities	3,477	2,608	1,052	242.1	119.55	70.53
Total Liabilities	69,441	53,422	41,889	26,136	17,138	14,064
Common Stock	2,073	1,485	1,485	1,485	1,457	1,457
Additional Paid-In Capital	7,281	7,606	7,053	6,960	3,218	3,243
Retained Earnings	25,976	19,795	10,680	7,250	5,871	4,033
Treasury Stock	-1,341	-1,381	-520.75	-15.13	-76.13	-131.89
Comprehensive Income & Other	172.69	200.22	-30.52	-24.22	-14.39	-7.72
Total Common Equity	34,161	27,705	18,667	15,655	10,456	8,594
Minority Interest	1,984	1,749	1,071	1,049	408.79	160.61
Shareholders' Equity	36,145	29,454	19,738	16,704	10,865	8,755
Total Liabilities & Equity	105,587	82,877	61,627	42,840	28,003	22,819
Total Debt	18,686	8,830	7,421	4,035	2,236	2,169
Net Cash (Debt)	3,531	11,272	5,736	7,568	5,854	3,675
Net Cash Growth	-36.40%	96.51%	-24.20%	29.27%	59.29%	215.10%
Net Cash Per Share	1.71	5.42	2.76	3.69	2.87	1.79
Filing Date Shares Outstanding	2,057	2,056	2,070	2,079	2,040	2,040
Total Common Shares Outstanding	2,057	2,056	2,070	2,079	2,040	2,040
Working Capital	32,476	23,347	16,525	12,800	8,226	6,236
Book Value Per Share	16.61	13.47	9.02	7.53	5.13	4.21
Tangible Book Value	33,270	26,973	18,327	15,481	10,327	8,486
Tangible Book Value Per Share	16.17	13.12	8.85	7.45	5.06	4.16
Land	-	93.88	-	-	-	-
Buildings	-	2,075	1,203	1,172	544.43	522.47
Machinery	-	6,186	4,820	4,226	3,574	3,060
Construction In Progress	-	1,686	1,189	424.31	211.75	22.61

Source: S&P Capital IQ. Standard template. Financial Sources.