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

SHE:301291 Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Jan 1, 2023	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	1,608	2,981	403.6	281.71	211.59	26.67
Cash & Short-Term Investments	1,996	2,981	403.6	281.71	211.59	26.67
Cash Growth	-37.04%	638.65%	43.27%	33.14%	693.23%	2754.99%
Accounts Receivable	3,292	2,667	1,883	1,225	948.73	352.78
Other Receivables	44.31	71.82	34.23	1.43	1.92	0.64
Receivables	3,336	2,738	1,917	1,226	950.66	353.41
Inventory	1,243	994.81	581.35	385.34	283.09	130.93
Prepaid Expenses	-	16.73	11.18	8.28	5.56	-
Other Current Assets	589.73	60.55	100.29	68.46	25.45	7.66
Total Current Assets	7,164	6,792	3,014	1,970	1,476	518.68
Property, Plant & Equipment	589.35	504.08	474.67	467.22	140.29	21.39
Other Intangible Assets	161.95	129.6	97.22	99.64	29.13	3.51
Long-Term Accounts Receivable	-	346.51	178.27	80.86	85.22	-
Long-Term Deferred Tax Assets	45.69	39.25	22.83	13.21	9.32	3.24
Long-Term Deferred Charges	10.16	11.83	7.53	3.69	-	-
Other Long-Term Assets	545.35	12.65	3.12	2.32	7.07	2.3
Total Assets	8,520	7,836	3,797	2,637	1,747	549.12
Accounts Payable	3,114	2,905	1,992	1,000	625.95	255.91
Accrued Expenses	95.29	97.57	65.6	70.26	66.62	21.41
Short-Term Debt	37	9.7	58.67	218	178.84	34.07
Current Portion of Long-Term Debt	8.57	4.33	58.66	36.75	3.2	5
Current Portion of Leases	-	6.06	-	-	-	-
Current Income Taxes Payable	71.98	38.44	14.2	7.87	16.87	4.65
Current Unearned Revenue	393.02	309.7	149.88	111.56	78.19	-
Other Current Liabilities	321.97	189.3	156	167.38	171.63	112.08
Total Current Liabilities	4,042	3,561	2,495	1,612	1,141	433.11
Long-Term Debt	2	37.14	315.34	314.3	60.85	-
Long-Term Leases	8	6.03	-	-	-	-
Long-Term Unearned Revenue	8.29	9.52	8.45	3.46	1.12	-
Long-Term Deferred Tax Liabilities	14.51	11.17	7.63	4.63	3.22	-
Total Liabilities	4,075	3,624	2,826	1,935	1,206	433.11
Common Stock	312.2	312.2	234.15	234.15	234.15	40
Additional Paid-In Capital	2,893	2,894	205.71	205.71	205.71	119.49
Retained Earnings	1,234	1,001	527.69	262.41	101.02	-43.48
Comprehensive Income & Other	5.67	3.99	3.25	-	-	-
Shareholders' Equity	4,445	4,211	970.8	702.26	540.88	116.01
Total Liabilities & Equity	8,520	7,836	3,797	2,637	1,747	549.12
Total Debt	55.57	63.26	432.67	569.04	242.9	39.07
Net Cash (Debt)	1,940	2,918	-29.06	-287.33	-31.31	-12.4
Net Cash Per Share	6.21	10.67	-0.12	-1.23	-0.17	-0.52
Filing Date Shares Outstanding	312.2	312.2	234.15	234.15	234.15	23.88
Total Common Shares Outstanding	312.2	312.2	234.15	234.15	234.15	23.88
Working Capital	3,122	3,231	518.59	357.7	335.04	85.56
Book Value Per Share	14.24	13.49	4.15	3.00	2.31	4.86
Tangible Book Value	4,283	4,082	873.59	602.62	511.75	112.5
Tangible Book Value Per Share	13.72	13.07	3.73	2.57	2.19	4.71
Buildings	-	404.3	404.3	369.38	77	-
Machinery	-	161.92	117.68	96.17	71.34	34.47
Construction In Progress	-	2	1.13	26.59	-	-

Source: S&P Capital IQ. Standard template. Financial Sources.