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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Cash & Equivalents	183.89	264.94	296.9	391.82	492.41	253.04
Trading Asset Securities	100.08	99.51	-	-	-	70.51
Cash & Short-Term Investments	283.97	364.45	296.9	391.82	492.41	323.55
Cash Growth	22.98%	22.75%	-24.22%	-20.43%	52.19%	8.10%
Accounts Receivable	434.57	503.14	478.46	544.13	462.68	412.06
Other Receivables	19.26	-25.24	-26.99	-28.15	1.7	11.43
Receivables	453.83	477.9	451.47	515.98	464.38	423.49
Inventory	732.28	747.83	905.72	766.47	671.83	564.06
Prepaid Expenses	-	-	-	-	-	3.99
Other Current Assets	77.19	91.78	139.84	120.83	99.89	39.45
Total Current Assets	1,547	1,682	1,794	1,795	1,729	1,355
Property, Plant & Equipment	577.35	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	92.28	99.81	109.28	109.85	78.32	79.93
Long-Term Deferred Tax Assets	17.75	17.46	19.14	19.9	13.68	9.7
Long-Term Deferred Charges	11.25	8.9	6.73	4.94	5.49	6.53
Other Long-Term Assets	67.16	27.41	14.58	10.89	2.44	0.94
Total Assets	2,339	2,482	2,598	2,500	2,313	1,758
Accounts Payable	278.63	375.66	375.09	465.83	341.44	247.13
Accrued Expenses	21.52	53.9	43.89	54.6	48.72	36.77
Short-Term Debt	260.21	240.83	137.14	143.14	98.12	172.17
Current Portion of Long-Term Debt	11.15	5.76	77.59	2.3	-	-
Current Portion of Leases	-	5.8	8	9.22	6.39	-
Current Income Taxes Payable	7.72	3.07	1.72	3.49	14.72	9.43
Current Unearned Revenue	443.29	479.03	645.86	557.49	423.25	318.86
Other Current Liabilities	39.39	41.3	49.1	53.69	47.65	65.29
Total Current Liabilities	1,062	1,205	1,338	1,290	980.3	849.66
Long-Term Debt	174.2	174.19	180.24	98.07	116.49	10
Long-Term Leases	8.41	8.79	11.66	15.7	15.27	-
Long-Term Unearned Revenue	6.95	7.09	7.65	8.21	8.77	9.54
Long-Term Deferred Tax Liabilities	4.06	4.11	4	4.82	4.82	1.93
Total Liabilities	1,256	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	205.83	210.77	174.5	197.93	290.7	258.1
Total Common Equity	1,047	1,052	1,016	1,039	1,132	837.87
Minority Interest	36.37	30.39	40.29	44.35	55.84	49.06
Shareholders' Equity	1,083	1,082	1,056	1,083	1,188	886.93
Total Liabilities & Equity	2,339	2,482	2,598	2,500	2,313	1,758
Total Debt	453.97	435.36	414.62	268.44	236.27	182.17
Net Cash (Debt)	-170	-70.91	-117.72	123.38	256.14	141.38
Net Cash Growth	-	-	-	-51.83%	81.17%	-35.78%
Net Cash Per Share	-0.35	-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	485.37	476.62	455.55	505.33	748.21	504.89
Book Value Per Share	2.10	2.11	2.04	2.09	2.27	1.92
Tangible Book Value	928.89	926.31	880.57	903.43	993.19	672.2
Tangible Book Value Per Share	1.87	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.