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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	1,407	2,418	2,991	403.6	281.71	211.59
Trading Asset Securities	350.26	60.6	-	-	-	-
Cash & Short-Term Investments	1,757	2,478	2,991	403.6	281.71	211.59
Cash Growth	-39.06%	-17.14%	641.03%	43.27%	33.14%	693.23%
Accounts Receivable	3,540	3,624	2,675	1,883	1,225	948.73
Other Receivables	47.3	42.96	71.83	34.23	1.43	1.92
Receivables	3,587	3,667	2,747	1,917	1,226	950.66
Inventory	1,260	1,089	995.29	581.35	385.34	283.09
Prepaid Expenses	-	14.35	16.73	11.18	8.28	5.56
Other Current Assets	529.51	567.8	60.56	100.29	68.46	25.45
Total Current Assets	7,133	7,816	6,810	3,014	1,970	1,476
Property, Plant & Equipment	667.36	633.58	504.14	474.67	467.22	140.29
Long-Term Investments	3.51	3.51	-	-	-	-
Other Intangible Assets	296.34	160.79	129.6	97.22	99.64	29.13
Long-Term Accounts Receivable	-	593.08	347.02	178.27	80.86	85.22
Long-Term Deferred Tax Assets	63	59.89	40.2	22.83	13.21	9.32
Long-Term Deferred Charges	10.21	9.92	11.83	7.53	3.69	-
Other Long-Term Assets	755.76	60.96	12.65	3.12	2.32	7.07
Total Assets	8,929	9,338	7,855	3,797	2,637	1,747
Accounts Payable	3,337	3,780	2,914	1,992	1,000	625.95
Accrued Expenses	71.35	153.18	98.97	65.6	70.26	66.62
Short-Term Debt	88.8	29.23	12.7	58.67	218	178.84
Current Portion of Long-Term Debt	4.53	2	4.33	58.66	36.75	3.2
Current Portion of Leases	-	8.36	6.06	-	-	-
Current Income Taxes Payable	49.95	61.37	38.44	14.2	7.87	16.87
Current Unearned Revenue	255.26	290.15	309.7	149.88	111.56	78.19
Other Current Liabilities	296.73	312.04	189.35	156	167.38	171.63
Total Current Liabilities	4,104	4,637	3,573	2,495	1,612	1,141
Long-Term Debt	-	-	37.14	315.34	314.3	60.85
Long-Term Leases	12.04	5.8	6.03	-	-	-
Long-Term Unearned Revenue	7.48	7.89	9.52	8.45	3.46	1.12
Long-Term Deferred Tax Liabilities	15.53	15.32	11.17	7.63	4.63	3.22
Total Liabilities	4,139	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	2,899	2,894	2,904	205.71	205.71	205.71
Retained Earnings	1,573	1,460	997.72	527.69	262.41	101.02
Comprehensive Income & Other	6.91	5.76	3.99	3.25	-	-
Shareholders' Equity	4,791	4,672	4,218	970.8	702.26	540.88
Total Liabilities & Equity	8,929	9,338	7,855	3,797	2,637	1,747
Total Debt	105.36	45.39	66.27	432.67	569.04	242.9
Net Cash (Debt)	1,652	2,433	2,925	-29.06	-287.33	-31.31
Net Cash Growth	-39.09%	-16.82%	-	-	-	-
Net Cash Per Share	5.32	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	3,030	3,179	3,237	518.59	357.7	335.04
Book Value Per Share	15.35	14.96	13.51	4.15	3.00	2.31
Tangible Book Value	4,494	4,511	4,089	873.59	602.62	511.75
Tangible Book Value Per Share	14.40	14.45	13.10	3.73	2.57	2.19
Buildings	-	404.3	404.3	404.3	369.38	77
Machinery	-	200.44	161.99	117.68	96.17	71.34
Construction In Progress	-	124.29	2	1.13	26.59	-

Updated Oct 29, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.