QC Solar Corporation (SHE:301278)

QC Solar Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Jan 1, 2021
Cash & Equivalents	141.6	357.36	180.06	80.57	86.1
Short-Term Investments	-	101.35	112	-	-
Trading Asset Securities	55.03	130.38	350.48	0.85	0.83
Cash & Short-Term Investments	196.63	589.09	642.54	81.42	86.94
Cash Growth	-66.62%	-8.32%	689.14%	-6.35%	-12.19%
Accounts Receivable	455.64	580.46	601.73	468	324.04
Other Receivables	3.86	3.55	4.54	1.96	2.96
Receivables	459.5	584.01	606.27	469.96	327
Inventory	124.2	121.14	126.68	126.82	77.1
Other Current Assets	62.83	4.06	11.63	1.51	7.55
Total Current Assets	843.16	1,298	1,387	679.71	498.58
Property, Plant & Equipment	270.73	130.21	81.38	60.14	43.24
Long-Term Investments	-	219.21	-	32.58	41.33
Other Intangible Assets	22.11	22.73	12.29	12.17	7.89
Long-Term Deferred Tax Assets	8.72	8.12	6.59	5.31	4.26
Long-Term Deferred Charges	0.52	1.51	1.22	1	0.73
Other Long-Term Assets	556.55	3.03	1.66	0.15	7.79
Total Assets	1,702	1,683	1,490	791.06	603.82
Accounts Payable	309.27	347.61	354.66	308.07	224.24
Accrued Expenses	23.52	22.81	12.75	6.98	6
Short-Term Debt	-	-	-	12.71	42.63
Current Portion of Leases	-	3.34	2.61	-	-
Current Income Taxes Payable	1.36	1.71	5.31	2.73	1.49
Current Unearned Revenue	8.56	6.03	5.26	3.01	2.54
Other Current Liabilities	93.01	111.03	98.31	68.83	1.44
Total Current Liabilities	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	1.78	2.3	0.13	0.13
Total Liabilities	436.63	496.28	485.91	402.45	279.7
Common Stock	83.36	83.32	64	48	48
Additional Paid-In Capital	490.44	488.55	503.62	24.52	24.52
Retained Earnings	690.44	616.42	435.61	317.18	252.33
Treasury Stock	-1.92	-3.31	-	-	-
Comprehensive Income & Other	2.85	1.84	1.11	-1.09	-0.73
Shareholders' Equity	1,265	1,187	1,004	388.61	324.12
Total Liabilities & Equity	1,702	1,683	1,490	791.06	603.82
Total Debt	-	5.32	7.33	12.71	43.87
Net Cash (Debt)	196.63	583.77	635.21	68.71	43.07
Net Cash Growth	-66.32%	-8.10%	824.48%	59.52%	-21.71%
Net Cash Per Share	2.36	7.03	11.91	1.10	0.69
Filing Date Shares Outstanding	83.3	82.78	83.2	62.4	62.4
Total Common Shares Outstanding	83.3	82.78	83.2	62.4	62.4
Working Capital	407.44	805.78	908.22	277.39	220.25
Book Value Per Share	15.19	14.34	12.07	6.23	5.19
Tangible Book Value	1,243	1,164	992.05	376.44	316.23
Tangible Book Value Per Share	14.92	14.06	11.92	6.03	5.07
Buildings	-	37.78	36.84	36.77	25.42
Machinery	-	103.7	87.73	68.35	54.89
Construction In Progress	-	42.76	2.25	0.21	0.34

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