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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022
Cash & Equivalents	207.04	248.43	141.6	357.36	180.06	80.57
Short-Term Investments	103.5	266.44	46.21	100.15	112	-
Trading Asset Securities	30.05	36.11	55.03	130.38	350.48	0.85
Cash & Short-Term Investments	340.59	550.98	242.85	587.89	642.54	81.42
Cash Growth	9.65%	126.88%	-58.69%	-8.51%	689.14%	-6.35%
Accounts Receivable	516.1	626.1	455.64	580.46	601.73	468
Other Receivables	8.32	7.49	3.86	1.31	4.54	1.96
Receivables	524.41	633.59	459.5	581.77	606.27	469.96
Inventory	173.5	178.09	124.2	121.14	126.68	126.82
Prepaid Expenses	0.03	0.02	-	-	-	-
Other Current Assets	24.24	28.36	16.62	7.5	11.63	1.51
Total Current Assets	1,063	1,391	843.16	1,298	1,387	679.71
Property, Plant & Equipment	346.16	335.96	270.73	130.21	81.38	60.14
Long-Term Investments	540.11	405.05	554.59	219.21	-	32.58
Other Intangible Assets	21.68	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	10.15	9.33	8.72	8.12	6.59	5.31
Long-Term Deferred Charges	0.58	0.44	0.52	1.51	1.22	1
Other Long-Term Assets	2.45	10.4	1.84	0.36	1.66	0.15
Total Assets	1,984	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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022
Accounts Payable	294.95	422.46	309.27	347.61	354.66	308.07
Accrued Expenses	21.81	23.38	24.06	22.83	12.75	6.98
Short-Term Debt	123.43	129.12	-	-	-	12.71
Current Portion of Leases	-	0.56	-	3.34	2.61	-
Current Income Taxes Payable	3.43	3.28	0.51	1.71	5.31	2.73
Current Unearned Revenue	6.71	9.03	8.56	6.03	5.26	3.01
Other Current Liabilities	97.15	161.05	93.33	111	98.31	68.83
Total Current Liabilities	547.48	748.87	435.73	492.52	478.89	402.32
Long-Term Leases	-	-	-	1.98	4.72	-
Long-Term Unearned Revenue	4.9	3.08	-	-	-	-
Long-Term Deferred Tax Liabilities	0.74	0.79	0.9	1.78	2.3	0.13
Total Liabilities	554.53	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	Jun 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	666.05	490.44	488.55	503.62	24.52
Retained Earnings	677.53	665.07	690.44	616.42	435.61	317.18
Treasury Stock	-	-	-1.92	-3.31	-	-
Comprehensive Income & Other	-3.81	0.58	2.85	1.84	1.11	-1.09
Shareholders' Equity	1,429	1,421	1,265	1,187	1,004	388.61
Total Liabilities & Equity	1,984	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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022
Total Debt	123.43	129.68	-	5.32	7.33	12.71
Net Cash (Debt)	217.16	421.29	242.85	582.56	635.21	68.71
Net Cash Growth	-14.45%	73.48%	-58.31%	-8.29%	824.48%	59.52%
Net Cash Per Share	2.43	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	515.29	642.17	407.44	805.78	908.22	277.39
Book Value Per Share	15.93	15.84	15.18	14.37	12.07	6.23
Tangible Book Value	1,408	1,400	1,243	1,164	992.05	376.44
Tangible Book Value Per Share	15.69	15.60	14.91	14.09	11.92	6.03
Buildings	243.24	243.12	119.73	37.78	36.84	36.77
Machinery	186.87	171.73	131.18	103.7	87.73	68.35
Construction In Progress	18.68	8.1	91.8	42.76	2.25	0.21

Data Source: S&P Global Market Intelligence Last updated: Aug 27, 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:

Oct 3, 2026

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