Wells Advanced Materials (Shanghai) Co., Ltd. (SHE:301555)

SHE:301555 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	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	439.44	267.06	375.84	305.61	278.85	239.63
Trading Asset Securities	71.15	58.99	120.87	130.33	-	-
Cash & Short-Term Investments	510.58	326.05	496.71	435.94	278.85	239.63
Cash Growth	45.78%	-34.36%	13.94%	56.33%	16.37%	-4.87%
Accounts Receivable	1,677	1,566	1,326	1,234	1,251	1,045
Other Receivables	10.2	9.58	0.56	0.45	6.24	6.26
Receivables	1,687	1,576	1,326	1,234	1,257	1,051
Inventory	171.73	116.09	101.88	97.77	114.42	95.72
Other Current Assets	43.59	40.62	63.74	15.73	12.27	35.15
Total Current Assets	2,413	2,058	1,989	1,784	1,662	1,422
Property, Plant & Equipment	524	485.37	418.69	202.5	164.54	125.25
Long-Term Investments	17.3	16.99	15.59	15.71	18.85	15.24
Goodwill	10.16	10.16	-	-	-	-
Other Intangible Assets	49.89	50.29	49.71	50.89	72.32	44.86
Long-Term Deferred Tax Assets	4.67	4.7	12.35	7.84	4.28	3.25
Long-Term Deferred Charges	11.37	11.97	12.22	10.63	9.58	8.9
Other Long-Term Assets	6.18	7.42	9.7	4.6	1.72	1.23
Total Assets	3,036	2,645	2,507	2,076	1,934	1,621

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	1,284	1,099	942.99	705.25	979.11	837.1
Accrued Expenses	10.87	28.06	19.07	17.76	17	13.9
Short-Term Debt	339.14	180.11	178.07	197.19	255.52	149.8
Current Portion of Long-Term Debt	32.16	22.83	0.13	-	0.03	-
Current Portion of Leases	-	5.07	9.95	8.65	7.45	6.75
Current Income Taxes Payable	8.99	1.99	-	4.35	9.79	-
Current Unearned Revenue	7.81	3.33	1.05	1.71	1.12	1.04
Other Current Liabilities	90.29	81.97	159.9	36.11	57.15	63.01
Total Current Liabilities	1,773	1,422	1,311	971.01	1,327	1,072
Long-Term Debt	115.67	90.82	112.84	-	23.65	12.96
Long-Term Leases	15.78	15.58	19.97	23.6	21.82	28.06
Long-Term Deferred Tax Liabilities	0.09	0.08	-	5.84	6.14	3.34
Total Liabilities	1,906	1,529	1,444	1,000	1,379	1,116

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	92.27	92.27	92.27	92.27	69.2	69.2
Additional Paid-In Capital	747.08	747.13	747.13	747.13	307.39	307.39
Retained Earnings	283.85	270.28	217.71	229.98	172.58	125.59
Comprehensive Income & Other	6.85	6.79	6	6.09	5.88	2.66
Total Common Equity	1,130	1,116	1,063	1,075	555.05	504.85
Minority Interest	0.39	0.37	-	-	-0.17	-0.16
Shareholders' Equity	1,130	1,117	1,063	1,075	554.87	504.68
Total Liabilities & Equity	3,036	2,645	2,507	2,076	1,934	1,621

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	502.76	314.41	320.95	229.43	308.47	197.57
Net Cash (Debt)	7.82	11.64	175.76	206.51	-29.61	42.05
Net Cash Growth	-	-93.38%	-14.89%	-	-	-79.16%
Net Cash Per Share	0.08	0.13	1.97	2.84	-0.43	0.61
Filing Date Shares Outstanding	92.27	92.27	92.27	92.27	69.2	69.2
Total Common Shares Outstanding	92.27	92.27	92.27	92.27	69.2	69.2
Working Capital	639.62	636.42	677.66	812.74	335.19	350.31
Book Value Per Share	12.25	12.10	11.52	11.66	8.02	7.30
Tangible Book Value	1,070	1,056	1,013	1,025	482.73	459.99
Tangible Book Value Per Share	11.60	11.45	10.98	11.10	6.98	6.65
Buildings	-	20.62	20.27	20.27	20.27	20.27
Machinery	-	113.91	117.1	101.1	98.24	91.7
Construction In Progress	-	410.49	324.99	112.02	70.96	23.2

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 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:

Aug 1, 2026

Data Sources Report a data error