Zhejiang Canaan Technology Limited (SHE:300412)

SHE:300412 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	322.36	263.99	295.13	391.82	492.41	253.04
Trading Asset Securities	104.74	99.51	-	-	-	70.51
Cash & Short-Term Investments	427.1	363.5	295.13	391.82	492.41	323.55
Cash Growth	56.44%	23.17%	-24.68%	-20.43%	52.19%	8.10%
Accounts Receivable	457.9	503.14	478.46	544.13	462.68	412.06
Other Receivables	19.29	20.97	38.84	-28.15	1.7	11.43
Receivables	477.19	524.11	517.3	515.98	464.38	423.49
Inventory	759.61	747.83	905.72	766.47	671.83	564.06
Prepaid Expenses	-	-	-	-	-	3.99
Other Current Assets	22.94	46.52	75.79	120.83	99.89	39.45
Total Current Assets	1,687	1,682	1,794	1,795	1,729	1,355
Property, Plant & Equipment	557.76	620.49	628.41	533.52	424.57	220.67
Goodwill	25.83	25.83	25.83	25.83	60.37	85.74
Other Intangible Assets	90.48	99.81	109.28	109.85	78.32	79.93
Long-Term Deferred Tax Assets	21.18	17.46	19.14	19.9	13.68	9.7
Long-Term Deferred Charges	9.09	8.9	6.73	4.94	5.49	6.53
Other Long-Term Assets	65.73	27.41	14.58	10.89	2.44	0.94
Total Assets	2,457	2,482	2,598	2,500	2,313	1,758
Accounts Payable	353.88	375.66	375.09	465.83	341.44	247.13
Accrued Expenses	18.48	53.9	43.89	54.6	48.72	36.77
Short-Term Debt	318.13	240.83	137.14	143.14	98.12	172.17
Current Portion of Long-Term Debt	25.56	5.76	77.59	2.3	-	-
Current Portion of Leases	-	5.8	8	9.22	6.39	-
Current Income Taxes Payable	14.73	3.07	1.72	3.49	14.72	9.43
Current Unearned Revenue	467.56	479.03	645.86	557.49	423.25	318.86
Other Current Liabilities	35.25	41.3	49.1	53.69	47.65	65.29
Total Current Liabilities	1,234	1,205	1,338	1,290	980.3	849.66
Long-Term Debt	137.36	174.19	180.24	98.07	116.49	10
Long-Term Leases	7.51	8.79	11.66	15.7	15.27	-
Long-Term Unearned Revenue	6.67	7.09	7.65	8.21	8.77	9.54
Long-Term Deferred Tax Liabilities	3.31	4.11	4	4.82	4.82	1.93
Total Liabilities	1,388	1,400	1,542	1,417	1,126	871.13
Common Stock	497.76	497.76	497.76	497.76	292.8	257.22
Additional Paid-In Capital	343.42	343.42	343.42	343.42	548.38	322.54
Retained Earnings	191	210.77	174.5	197.93	290.7	258.1
Total Common Equity	1,032	1,052	1,016	1,039	1,132	837.87
Minority Interest	36.31	30.39	40.29	44.35	55.84	49.06
Shareholders' Equity	1,068	1,082	1,056	1,083	1,188	886.93
Total Liabilities & Equity	2,457	2,482	2,598	2,500	2,313	1,758
Total Debt	488.55	435.36	414.62	268.44	236.27	182.17
Net Cash (Debt)	-61.45	-71.86	-119.5	123.38	256.14	141.38
Net Cash Growth	-	-	-	-51.83%	81.17%	-35.78%
Net Cash Per Share	-0.12	-0.14	-0.25	0.25	0.56	0.32
Filing Date Shares Outstanding	497.76	497.76	497.76	497.76	497.76	437.28
Total Common Shares Outstanding	497.76	497.76	497.76	497.76	497.76	437.28
Working Capital	453.28	476.62	455.55	505.33	748.21	504.89
Book Value Per Share	2.07	2.11	2.04	2.09	2.27	1.92
Tangible Book Value	915.87	926.31	880.57	903.43	993.19	672.2
Tangible Book Value Per Share	1.84	1.86	1.77	1.81	2.00	1.54
Buildings	-	603.57	514.72	224.2	206.92	206.38
Machinery	-	185.46	164.75	139.63	122.61	110.55
Construction In Progress	-	1.82	100.4	287.41	194.76	9.47

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