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

SHE:301291 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	Dec 31, 2021
Cash & Equivalents	1,551	1,798	2,418	2,991	403.6	281.71
Trading Asset Securities	112.95	111.04	60.6	-	-	-
Cash & Short-Term Investments	1,664	1,909	2,478	2,991	403.6	281.71
Cash Growth	21.13%	-22.98%	-17.14%	641.03%	43.27%	33.14%
Accounts Receivable	3,938	3,857	3,624	2,675	1,883	1,225
Other Receivables	50.48	34.2	42.96	71.83	34.23	1.43
Receivables	3,988	3,891	3,667	2,747	1,917	1,226
Inventory	1,362	939.75	1,089	995.29	581.35	385.34
Prepaid Expenses	21.12	8.96	14.35	16.73	11.18	8.28
Other Current Assets	636.74	620.69	567.8	60.56	100.29	68.46
Total Current Assets	7,672	7,370	7,816	6,810	3,014	1,970
Property, Plant & Equipment	946.96	820.89	633.58	504.14	474.67	467.22
Long-Term Investments	11.68	12.59	3.51	-	-	-
Other Intangible Assets	288.5	292.3	160.79	129.6	97.22	99.64
Long-Term Accounts Receivable	-	797.22	593.08	347.02	178.27	80.86
Long-Term Deferred Tax Assets	87.32	80.47	59.89	40.2	22.83	13.21
Long-Term Deferred Charges	20.71	17.93	9.92	11.83	7.53	3.69
Other Long-Term Assets	809.22	48.16	60.96	12.65	3.12	2.32
Total Assets	9,836	9,439	9,338	7,855	3,797	2,637

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	Dec 31, 2021
Accounts Payable	3,405	3,502	3,780	2,914	1,992	1,000
Accrued Expenses	130.8	145.99	153.18	98.97	65.6	70.26
Short-Term Debt	377.49	62.72	29.23	12.7	58.67	218
Current Portion of Long-Term Debt	-	-	2	4.33	58.66	36.75
Current Portion of Leases	11.75	11.69	8.36	6.06	-	-
Current Income Taxes Payable	7.81	35.88	61.37	38.44	14.2	7.87
Current Unearned Revenue	324.1	232.58	290.15	309.7	149.88	111.56
Other Current Liabilities	305.92	363.1	312.04	189.35	156	167.38
Total Current Liabilities	4,563	4,354	4,637	3,573	2,495	1,612
Long-Term Debt	-	-	-	37.14	315.34	314.3
Long-Term Leases	4.42	7.55	5.8	6.03	-	-
Long-Term Unearned Revenue	17.7	18.69	7.89	9.52	8.45	3.46
Long-Term Deferred Tax Liabilities	26.03	23.57	15.32	11.17	7.63	4.63
Total Liabilities	4,611	4,404	4,666	3,637	2,826	1,935

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	Dec 31, 2021
Common Stock	314.47	312.2	312.2	312.2	234.15	234.15
Additional Paid-In Capital	3,011	2,912	2,894	2,904	205.71	205.71
Retained Earnings	1,889	1,802	1,460	997.72	527.69	262.41
Comprehensive Income & Other	11.02	9.21	5.76	3.99	3.25	-
Shareholders' Equity	5,225	5,035	4,672	4,218	970.8	702.26
Total Liabilities & Equity	9,836	9,439	9,338	7,855	3,797	2,637

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	Dec 31, 2021
Total Debt	393.66	81.96	45.39	66.27	432.67	569.04
Net Cash (Debt)	1,270	1,827	2,433	2,925	-29.06	-287.33
Net Cash Growth	1.03%	-24.91%	-16.82%	-	-	-
Net Cash Per Share	4.06	5.84	7.78	10.75	-0.12	-1.23
Filing Date Shares Outstanding	314.47	312.2	312.2	312.2	234.15	234.15
Total Common Shares Outstanding	314.47	312.2	312.2	312.2	234.15	234.15
Working Capital	3,109	3,015	3,179	3,237	518.59	357.7
Book Value Per Share	16.62	16.13	14.96	13.51	4.15	3.00
Tangible Book Value	4,937	4,743	4,511	4,089	873.59	602.62
Tangible Book Value Per Share	15.70	15.19	14.45	13.10	3.73	2.57
Buildings	594.53	595.29	404.3	404.3	404.3	369.38
Machinery	338.34	314.8	200.44	161.99	117.68	96.17
Construction In Progress	177.72	43.84	124.29	2	1.13	26.59

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

Sep 13, 2026

Data Sources Report a data error