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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Jan 1, 2021
Cash & Equivalents	186.94	141.6	357.36	180.06	80.57	86.1
Short-Term Investments	220	46.21	100.15	112	-	-
Trading Asset Securities	95	55.03	130.38	350.48	0.85	0.83
Cash & Short-Term Investments	501.94	242.85	587.89	642.54	81.42	86.94
Cash Growth	154.54%	-58.69%	-8.51%	689.14%	-6.35%	-12.19%
Accounts Receivable	643.55	455.64	580.46	601.73	468	324.04
Other Receivables	34.96	2.4	1.31	4.54	1.96	2.96
Receivables	678.52	458.03	581.77	606.27	469.96	327
Inventory	225.41	124.2	121.14	126.68	126.82	77.1
Other Current Assets	429.44	18.08	7.5	11.63	1.51	7.55
Total Current Assets	1,835	843.16	1,298	1,387	679.71	498.58
Property, Plant & Equipment	294.22	270.73	130.21	81.38	60.14	43.24
Long-Term Investments	-	554.59	219.21	-	32.58	41.33
Other Intangible Assets	18.88	22.11	22.73	12.29	12.17	7.89
Long-Term Accounts Receivable	-	1.84	2.66	-	-	-
Long-Term Deferred Tax Assets	9.74	8.72	8.12	6.59	5.31	4.26
Long-Term Deferred Charges	3.69	0.52	1.51	1.22	1	0.73
Other Long-Term Assets	0.38	0.12	0.36	1.66	0.15	7.79
Total Assets	2,162	1,702	1,683	1,490	791.06	603.82
Accounts Payable	508.45	309.27	347.61	354.66	308.07	224.24
Accrued Expenses	21.19	24.11	22.83	12.75	6.98	6
Short-Term Debt	108.42	-	-	-	12.71	42.63
Current Portion of Leases	0.56	-	3.34	2.61	-	-
Current Income Taxes Payable	-0.21	0.51	1.71	5.31	2.73	1.49
Current Unearned Revenue	7.55	8.56	6.03	5.26	3.01	2.54
Other Current Liabilities	92.56	93.28	111	98.31	68.83	1.44
Total Current Liabilities	738.52	435.73	492.52	478.89	402.32	278.34
Long-Term Leases	-	-	1.98	4.72	-	1.24
Long-Term Deferred Tax Liabilities	0.9	0.9	1.78	2.3	0.13	0.13
Total Liabilities	739.42	436.63	496.28	485.91	402.45	279.7
Common Stock	89.71	83.36	83.32	64	48	48
Additional Paid-In Capital	666.08	490.44	488.55	503.62	24.52	24.52
Retained Earnings	664.55	690.44	616.42	435.61	317.18	252.33
Treasury Stock	-	-1.92	-3.31	-	-	-
Comprehensive Income & Other	2.46	2.85	1.84	1.11	-1.09	-0.73
Shareholders' Equity	1,423	1,265	1,187	1,004	388.61	324.12
Total Liabilities & Equity	2,162	1,702	1,683	1,490	791.06	603.82
Total Debt	108.98	-	5.32	7.33	12.71	43.87
Net Cash (Debt)	392.96	242.85	582.56	635.21	68.71	43.07
Net Cash Growth	99.56%	-58.31%	-8.29%	824.48%	59.52%	-21.71%
Net Cash Per Share	4.42	2.92	7.01	11.91	1.10	0.69
Filing Date Shares Outstanding	89.71	83.36	82.6	83.2	62.4	62.4
Total Common Shares Outstanding	89.71	83.36	82.6	83.2	62.4	62.4
Working Capital	1,097	407.44	805.78	908.22	277.39	220.25
Book Value Per Share	15.86	15.18	14.37	12.07	6.23	5.19
Tangible Book Value	1,404	1,243	1,164	992.05	376.44	316.23
Tangible Book Value Per Share	15.65	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 Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.