QC Solar Corporation (SHE:301278)

QC Solar 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	Jan 1, 2021
Cash & Equivalents	103.25	141.6	357.36	180.06	80.57	86.1
Short-Term Investments	-	46.21	100.15	112	-	-
Trading Asset Securities	84.78	55.03	130.38	350.48	0.85	0.83
Cash & Short-Term Investments	188.04	242.85	587.89	642.54	81.42	86.94
Cash Growth	-54.91%	-58.69%	-8.51%	689.14%	-6.35%	-12.19%
Accounts Receivable	481.58	455.64	580.46	601.73	468	324.04
Other Receivables	4.94	2.4	1.31	4.54	1.96	2.96
Receivables	486.52	458.03	581.77	606.27	469.96	327
Inventory	146.23	124.2	121.14	126.68	126.82	77.1
Other Current Assets	30.13	18.08	7.5	11.63	1.51	7.55
Total Current Assets	850.92	843.16	1,298	1,387	679.71	498.58
Property, Plant & Equipment	279.98	270.73	130.21	81.38	60.14	43.24
Long-Term Investments	-	554.59	219.21	-	32.58	41.33
Other Intangible Assets	22	22.11	22.73	12.29	12.17	7.89
Long-Term Accounts Receivable	-	1.84	2.66	-	-	-
Long-Term Deferred Tax Assets	8.22	8.72	8.12	6.59	5.31	4.26
Long-Term Deferred Charges	0.35	0.52	1.51	1.22	1	0.73
Other Long-Term Assets	586.05	0.12	0.36	1.66	0.15	7.79
Total Assets	1,748	1,702	1,683	1,490	791.06	603.82
Accounts Payable	358.74	309.27	347.61	354.66	308.07	224.24
Accrued Expenses	21.87	24.11	22.83	12.75	6.98	6
Short-Term Debt	0.6	-	-	-	12.71	42.63
Current Portion of Leases	-	-	3.34	2.61	-	-
Current Income Taxes Payable	0.75	0.51	1.71	5.31	2.73	1.49
Current Unearned Revenue	4.24	8.56	6.03	5.26	3.01	2.54
Other Current Liabilities	84.73	93.28	111	98.31	68.83	1.44
Total Current Liabilities	470.94	435.73	492.52	478.89	402.32	278.34
Long-Term Leases	-	-	1.98	4.72	-	1.24
Long-Term Deferred Tax Liabilities	1.08	0.9	1.78	2.3	0.13	0.13
Total Liabilities	472.02	436.63	496.28	485.91	402.45	279.7
Common Stock	83.36	83.36	83.32	64	48	48
Additional Paid-In Capital	490.72	490.44	488.55	503.62	24.52	24.52
Retained Earnings	700.74	690.44	616.42	435.61	317.18	252.33
Treasury Stock	-1.92	-1.92	-3.31	-	-	-
Comprehensive Income & Other	2.6	2.85	1.84	1.11	-1.09	-0.73
Shareholders' Equity	1,276	1,265	1,187	1,004	388.61	324.12
Total Liabilities & Equity	1,748	1,702	1,683	1,490	791.06	603.82
Total Debt	0.6	-	5.32	7.33	12.71	43.87
Net Cash (Debt)	187.44	242.85	582.56	635.21	68.71	43.07
Net Cash Growth	-54.57%	-58.31%	-8.29%	824.48%	59.52%	-21.71%
Net Cash Per Share	2.25	2.92	7.01	11.91	1.10	0.69
Filing Date Shares Outstanding	83.36	83.36	82.6	83.2	62.4	62.4
Total Common Shares Outstanding	83.36	83.36	82.6	83.2	62.4	62.4
Working Capital	379.98	407.44	805.78	908.22	277.39	220.25
Book Value Per Share	15.30	15.18	14.37	12.07	6.23	5.19
Tangible Book Value	1,254	1,243	1,164	992.05	376.44	316.23
Tangible Book Value Per Share	15.04	14.91	14.09	11.92	6.03	5.07
Buildings	-	119.73	37.78	36.84	36.77	25.42
Machinery	-	131.18	103.7	87.73	68.35	54.89
Construction In Progress	-	91.8	42.76	2.25	0.21	0.34

Updated Oct 23, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.