QC Solar Corporation (SHE:301278)

QC Solar Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022
Cash & Equivalents	137.35	248.43	141.6	357.36	180.06	80.57
Short-Term Investments	327.42	266.44	46.21	100.15	112	-
Trading Asset Securities	25.02	36.11	55.03	130.38	350.48	0.85
Cash & Short-Term Investments	489.79	550.98	242.85	587.89	642.54	81.42
Cash Growth	-2.42%	126.88%	-58.69%	-8.51%	689.14%	-6.35%
Accounts Receivable	454.06	626.1	455.64	580.46	601.73	468
Other Receivables	3.08	7.49	3.86	1.31	4.54	1.96
Receivables	457.14	633.59	459.5	581.77	606.27	469.96
Inventory	180.18	178.09	124.2	121.14	126.68	126.82
Prepaid Expenses	-	0.02	-	-	-	-
Other Current Assets	149.23	28.36	16.62	7.5	11.63	1.51
Total Current Assets	1,276	1,391	843.16	1,298	1,387	679.71
Property, Plant & Equipment	343.43	335.96	270.73	130.21	81.38	60.14
Long-Term Investments	-	405.05	554.59	219.21	-	32.58
Other Intangible Assets	21.58	21.82	22.11	22.73	12.29	12.17
Long-Term Accounts Receivable	0.1	0.11	0.12	2.66	-	-
Long-Term Deferred Tax Assets	12.34	9.33	8.72	8.12	6.59	5.31
Long-Term Deferred Charges	0.4	0.44	0.52	1.51	1.22	1
Other Long-Term Assets	271.66	10.4	1.84	0.36	1.66	0.15
Total Assets	1,926	2,174	1,702	1,683	1,490	791.06

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022
Accounts Payable	273.83	422.46	309.27	347.61	354.66	308.07
Accrued Expenses	21.19	23.38	24.06	22.83	12.75	6.98
Short-Term Debt	129.46	129.12	-	-	-	12.71
Current Portion of Leases	-	0.56	-	3.34	2.61	-
Current Income Taxes Payable	2.36	3.28	0.51	1.71	5.31	2.73
Current Unearned Revenue	8.81	9.03	8.56	6.03	5.26	3.01
Other Current Liabilities	48.94	161.05	93.33	111	98.31	68.83
Total Current Liabilities	484.6	748.87	435.73	492.52	478.89	402.32
Long-Term Leases	-	-	-	1.98	4.72	-
Long-Term Unearned Revenue	4.78	3.08	-	-	-	-
Long-Term Deferred Tax Liabilities	0.71	0.79	0.9	1.78	2.3	0.13
Total Liabilities	491.5	752.75	436.63	496.28	485.91	402.45

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022
Common Stock	89.71	89.71	83.36	83.32	64	48
Additional Paid-In Capital	-	666.05	490.44	488.55	503.62	24.52
Retained Earnings	684.93	665.07	690.44	616.42	435.61	317.18
Treasury Stock	-	-	-1.92	-3.31	-	-
Comprehensive Income & Other	659.71	0.58	2.85	1.84	1.11	-1.09
Shareholders' Equity	1,434	1,421	1,265	1,187	1,004	388.61
Total Liabilities & Equity	1,926	2,174	1,702	1,683	1,490	791.06

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022
Total Debt	129.46	129.68	-	5.32	7.33	12.71
Net Cash (Debt)	360.32	421.29	242.85	582.56	635.21	68.71
Net Cash Growth	-8.31%	73.48%	-58.31%	-8.29%	824.48%	59.52%
Net Cash Per Share	4.09	4.74	2.92	7.01	11.91	1.10
Filing Date Shares Outstanding	89.71	89.71	83.36	82.6	83.2	62.4
Total Common Shares Outstanding	89.71	89.71	83.36	82.6	83.2	62.4
Working Capital	791.74	642.17	407.44	805.78	908.22	277.39
Book Value Per Share	15.99	15.84	15.18	14.37	12.07	6.23
Tangible Book Value	1,413	1,400	1,243	1,164	992.05	376.44
Tangible Book Value Per Share	15.75	15.60	14.91	14.09	11.92	6.03
Buildings	-	243.12	119.73	37.78	36.84	36.77
Machinery	-	171.73	131.18	103.7	87.73	68.35
Construction In Progress	-	8.1	91.8	42.76	2.25	0.21

Data Source: S&P Global Market Intelligence Last updated: Oct 25, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 1, 2026

Data Sources Report a data error