Guangdong Mingyang Electric Co.,Ltd. (SHE:301291)

SHE:301291 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	1,363	2,418	2,991	403.6	281.71	211.59
Trading Asset Securities	10	60.6	-	-	-	-
Cash & Short-Term Investments	1,373	2,478	2,991	403.6	281.71	211.59
Cash Growth	-44.67%	-17.14%	641.03%	43.27%	33.14%	693.23%
Accounts Receivable	4,182	3,624	2,675	1,883	1,225	948.73
Other Receivables	51.48	42.96	71.83	34.23	1.43	1.92
Receivables	4,234	3,667	2,747	1,917	1,226	950.66
Inventory	1,221	1,089	995.29	581.35	385.34	283.09
Prepaid Expenses	14.08	14.35	16.73	11.18	8.28	5.56
Other Current Assets	522.89	567.8	60.56	100.29	68.46	25.45
Total Current Assets	7,365	7,816	6,810	3,014	1,970	1,476
Property, Plant & Equipment	718.79	633.58	504.14	474.67	467.22	140.29
Long-Term Investments	13.4	3.51	-	-	-	-
Other Intangible Assets	295.35	160.79	129.6	97.22	99.64	29.13
Long-Term Accounts Receivable	716.17	593.08	347.02	178.27	80.86	85.22
Long-Term Deferred Tax Assets	71.8	59.89	40.2	22.83	13.21	9.32
Long-Term Deferred Charges	10.22	9.92	11.83	7.53	3.69	-
Other Long-Term Assets	71.15	60.96	12.65	3.12	2.32	7.07
Total Assets	9,262	9,338	7,855	3,797	2,637	1,747
Accounts Payable	3,540	3,780	2,914	1,992	1,000	625.95
Accrued Expenses	130.19	153.18	98.97	65.6	70.26	66.62
Short-Term Debt	89.21	29.23	12.7	58.67	218	178.84
Current Portion of Long-Term Debt	2	2	4.33	58.66	36.75	3.2
Current Portion of Leases	12.76	8.36	6.06	-	-	-
Current Income Taxes Payable	35.75	61.37	38.44	14.2	7.87	16.87
Current Unearned Revenue	273.79	290.15	309.7	149.88	111.56	78.19
Other Current Liabilities	373.95	312.04	189.35	156	167.38	171.63
Total Current Liabilities	4,457	4,637	3,573	2,495	1,612	1,141
Long-Term Debt	-	-	37.14	315.34	314.3	60.85
Long-Term Leases	12.49	5.8	6.03	-	-	-
Long-Term Unearned Revenue	7.07	7.89	9.52	8.45	3.46	1.12
Long-Term Deferred Tax Liabilities	17.62	15.32	11.17	7.63	4.63	3.22
Total Liabilities	4,495	4,666	3,637	2,826	1,935	1,206
Common Stock	312.2	312.2	312.2	234.15	234.15	234.15
Additional Paid-In Capital	2,904	2,894	2,904	205.71	205.71	205.71
Retained Earnings	1,542	1,460	997.72	527.69	262.41	101.02
Comprehensive Income & Other	8.67	5.76	3.99	3.25	-	-
Shareholders' Equity	4,767	4,672	4,218	970.8	702.26	540.88
Total Liabilities & Equity	9,262	9,338	7,855	3,797	2,637	1,747
Total Debt	116.45	45.39	66.27	432.67	569.04	242.9
Net Cash (Debt)	1,257	2,433	2,925	-29.06	-287.33	-31.31
Net Cash Growth	-47.46%	-16.82%	-	-	-	-
Net Cash Per Share	3.98	7.78	10.75	-0.12	-1.23	-0.17
Filing Date Shares Outstanding	312.2	312.2	312.2	234.15	234.15	234.15
Total Common Shares Outstanding	312.2	312.2	312.2	234.15	234.15	234.15
Working Capital	2,908	3,179	3,237	518.59	357.7	335.04
Book Value Per Share	15.27	14.96	13.51	4.15	3.00	2.31
Tangible Book Value	4,472	4,511	4,089	873.59	602.62	511.75
Tangible Book Value Per Share	14.32	14.45	13.10	3.73	2.57	2.19
Buildings	459.35	404.3	404.3	404.3	369.38	77
Machinery	233.33	200.44	161.99	117.68	96.17	71.34
Construction In Progress	129.31	124.29	2	1.13	26.59	-

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.