Zhongji Innolight Co., Ltd. (ZHONGJI) balance sheet

SHZ · Technology · Communication Equipment · 11,625 employees · CEO Sheng Liu

Price: CN¥550.00 -0.54%
Market cap: CN¥643B
Enterprise value: CN¥592B
Last report: Q3 '26 filed 2026-09-30
Next report: 2027-04-26 EPS est. CN¥11.30

At the end of Q3 '26 Zhongji Innolight Co., Ltd. (ZHONGJI) held CN¥55.8B in cash and short-term investments against CN¥2.54B of debt incl. leases. Total assets CN¥130B, total liabilities CN¥30.4B, shareholders' equity CN¥94.4B.

Balance sheet

Balance sheet	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26
Assets
Cash & equivalents	CN¥3.32B	CN¥3.65B	CN¥3.27B	CN¥3.42B	CN¥5.05B	CN¥7.12B	CN¥7.18B	CN¥7.79B	CN¥11B	CN¥12.2B	CN¥6.4B	CN¥53.5B
Short-term investments	CN¥426M	CN¥391M	CN¥320M	CN¥335M	CN¥523M	CN¥110M	CN¥10.2M	CN¥10M	CN¥10M	CN¥10M	CN¥2.53B	CN¥2.28B
Receivables	CN¥2.98B	CN¥3.67B	CN¥4.36B	CN¥5.08B	CN¥4.96B	CN¥5.1B	CN¥6.67B	CN¥7.07B	CN¥6.56B	CN¥9.97B	CN¥16.9B	CN¥17.8B
Inventory	CN¥4.29B	CN¥5.21B	CN¥6.17B	CN¥7.15B	CN¥7.05B	CN¥7.82B	CN¥9.17B	CN¥10.9B	CN¥12.7B	CN¥15.7B	CN¥19.8B	CN¥23.9B
Other current assets	CN¥255M	CN¥319M	CN¥572M	CN¥623M	CN¥530M	CN¥329M	CN¥216M	CN¥639M	CN¥711M	CN¥775M	CN¥72M	CN¥1.47B
Current assets	CN¥11.3B	CN¥13.3B	CN¥14.7B	CN¥16.7B	CN¥18.2B	CN¥20.6B	CN¥23.3B	CN¥26.5B	CN¥31.1B	CN¥40.1B	CN¥46.7B	CN¥100B
Property, plant & equipment (net)	CN¥4.3B	CN¥4.62B	CN¥5.09B	CN¥5.58B	CN¥5.91B	CN¥6.11B	CN¥6.3B	CN¥7.59B	CN¥8.61B	CN¥10.4B	CN¥13.9B	CN¥18.2B
Long-term investments	CN¥1.35B	CN¥1.36B	CN¥1.45B	CN¥1.49B	CN¥1.32B	CN¥1.51B	CN¥1.63B	CN¥1.81B	CN¥2.05B	CN¥2.11B	CN¥2.13B	CN¥4.09B
Goodwill	CN¥1.94B	CN¥1.94B	CN¥1.94B	CN¥1.94B	CN¥1.94B	CN¥1.94B	CN¥1.94B	CN¥1.94B	CN¥1.94B	CN¥1.94B	CN¥1.94B	CN¥1.94B
Intangible assets	CN¥449M	CN¥431M	CN¥414M	CN¥494M	CN¥453M	CN¥458M	CN¥444M	CN¥542M	CN¥432M	CN¥458M	CN¥565M	CN¥573M
Deferred tax assets	CN¥81.9M	CN¥86.7M	CN¥448M	CN¥226M	CN¥502M	CN¥194M	CN¥497M	CN¥572M	CN¥541M	CN¥762M	CN¥1.76B	CN¥1.26B
Other non-current assets	CN¥561M	CN¥584M	CN¥360M	CN¥715M	CN¥548M	CN¥796M	CN¥677M	CN¥779M	CN¥638M	CN¥801M	CN¥2.34B	CN¥3.23B
Non-current assets	CN¥8.69B	CN¥9.02B	CN¥9.7B	CN¥10.4B	CN¥10.7B	CN¥11B	CN¥11.5B	CN¥13.2B	CN¥14.2B	CN¥16.5B	CN¥22.6B	CN¥29.3B
Total assets	CN¥20B	CN¥22.3B	CN¥24.4B	CN¥27.1B	CN¥28.9B	CN¥31.6B	CN¥34.8B	CN¥39.7B	CN¥45.3B	CN¥56.6B	CN¥69.3B	CN¥130B
Liabilities
Accounts payable	CN¥2.16B	CN¥3.03B	CN¥3.7B	CN¥4.03B	CN¥3.51B	CN¥4.29B	CN¥4.98B	CN¥5.63B	CN¥7.8B	CN¥10.4B	CN¥12B	CN¥14B
Accrued expenses	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥145M	CN¥0	CN¥409M	CN¥304M	CN¥0
Short-term debt	CN¥62.2M	CN¥107M	CN¥447M	CN¥1.05B	CN¥1.43B	CN¥1.5B	CN¥1.19B	CN¥1.15B	CN¥301M	CN¥1.63B	CN¥1.72B	CN¥1.89B
Taxes payable	CN¥213M	CN¥240M	CN¥164M	CN¥293M	CN¥244M	CN¥330M	CN¥703M	CN¥0	CN¥1.25B	CN¥0	CN¥0	CN¥1.89B
Deferred revenue	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥12M	CN¥0	CN¥45.6M	CN¥20.7M	CN¥0
Other current liabilities	CN¥570M	CN¥609M	CN¥593M	CN¥1.08B	CN¥654M	CN¥656M	CN¥600M	CN¥1.13B	CN¥811M	CN¥1.45B	CN¥2.73B	CN¥5.99B
Current liabilities	CN¥4.36B	CN¥4.54B	CN¥5.39B	CN¥6.94B	CN¥6.5B	CN¥7.47B	CN¥7.97B	CN¥9.11B	CN¥11.6B	CN¥16.3B	CN¥18.3B	CN¥23.8B
Long-term debt	CN¥319M	CN¥561M	CN¥463M	CN¥0	CN¥606M	CN¥608M	CN¥979M	CN¥1.07B	CN¥510M	CN¥531M	CN¥487M	CN¥486M
Lease obligations (non-current)	CN¥17M	CN¥23.1M	CN¥26.6M	CN¥26.2M	CN¥23.2M	CN¥38.9M	CN¥61.6M	CN¥77M	CN¥74.7M	CN¥58.4M	CN¥140M	CN¥164M
Deferred revenue (non-current)	CN¥216M	CN¥210M	CN¥218M	CN¥221M	CN¥217M	CN¥210M	CN¥204M	CN¥201M	CN¥211M	CN¥215M	CN¥0	CN¥197M
Deferred tax liabilities	CN¥216M	CN¥235M	CN¥199M	CN¥253M	CN¥270M	CN¥301M	CN¥344M	CN¥262M	CN¥291M	CN¥307M	CN¥930M	CN¥535M
Other non-current liabilities	CN¥104M	CN¥118M	CN¥984M	CN¥999M	CN¥960M	CN¥968M	CN¥985M	CN¥988M	CN¥1.02B	CN¥1.05B	CN¥5.25B	CN¥5.31B
Non-current liabilities	CN¥872M	CN¥1.15B	CN¥1.89B	CN¥1.5B	CN¥2.08B	CN¥2.13B	CN¥2.57B	CN¥2.6B	CN¥2.11B	CN¥2.16B	CN¥6.81B	CN¥6.69B
Total liabilities	CN¥5.23B	CN¥5.68B	CN¥7.28B	CN¥8.44B	CN¥8.57B	CN¥9.6B	CN¥10.5B	CN¥11.7B	CN¥13.7B	CN¥18.5B	CN¥25.1B	CN¥30.4B
Equity
Common stock & paid-in capital	CN¥803M	CN¥803M	CN¥1.12B	CN¥1.12B	CN¥1.12B	CN¥1.1B	CN¥1.11B	CN¥1.11B	CN¥1.11B	CN¥1.11B	CN¥1.12B	CN¥1.18B
Retained earnings	CN¥5.87B	CN¥6.88B	CN¥7.03B	CN¥8.43B	CN¥10.6B	CN¥12.2B	CN¥14B	CN¥17.2B	CN¥20.2B	CN¥26B	CN¥32.6B	CN¥39.8B
Accumulated other comprehensive income	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥8.17B	CN¥0	CN¥8.49B	CN¥2.82B	CN¥58.3B
Shareholders' equity	CN¥14.3B	CN¥15.7B	CN¥16.2B	CN¥17.7B	CN¥19.1B	CN¥20.7B	CN¥22.8B	CN¥26.4B	CN¥29.8B	CN¥35.6B	CN¥39.9B	CN¥94.4B
Debt
Total debt (incl. leases)	CN¥398M	CN¥690M	CN¥937M	CN¥1.08B	CN¥2.06B	CN¥2.15B	CN¥2.24B	CN¥2.3B	CN¥886M	CN¥2.22B	CN¥2.35B	CN¥2.54B
Net debt (debt - cash)	-CN¥2.92B	-CN¥2.96B	-CN¥2.33B	-CN¥2.34B	-CN¥3B	-CN¥4.97B	-CN¥4.95B	-CN¥5.5B	-CN¥10.1B	-CN¥9.99B	-CN¥4.05B	-CN¥51B

Balance sheet	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Assets
Cash & equivalents	CN¥69.3M	CN¥957M	CN¥1.04B	CN¥1.24B	CN¥1.68B	CN¥3.51B	CN¥2.83B	CN¥3.32B	CN¥5.05B	CN¥11B
Short-term investments	CN¥0	CN¥0	CN¥0	CN¥630M	CN¥231M	CN¥30.1M	CN¥1.02B	CN¥426M	CN¥523M	CN¥10M
Receivables	CN¥82M	CN¥1.11B	CN¥883M	CN¥1.5B	CN¥1.99B	CN¥2.53B	CN¥1.68B	CN¥2.98B	CN¥4.96B	CN¥6.56B
Inventory	CN¥71.6M	CN¥1.97B	CN¥2.12B	CN¥2.5B	CN¥3.77B	CN¥3.8B	CN¥3.89B	CN¥4.29B	CN¥7.05B	CN¥12.7B
Other current assets	CN¥70M	CN¥198M	CN¥59.2M	CN¥53.7M	CN¥267M	CN¥102M	CN¥107M	CN¥255M	CN¥530M	CN¥711M
Current assets	CN¥304M	CN¥4.31B	CN¥4.16B	CN¥5.99B	CN¥7.98B	CN¥10B	CN¥9.59B	CN¥11.3B	CN¥18.2B	CN¥31.1B
Property, plant & equipment (net)	CN¥185M	CN¥1.27B	CN¥1.64B	CN¥2.1B	CN¥2.79B	CN¥3.3B	CN¥3.46B	CN¥4.3B	CN¥5.91B	CN¥8.61B
Long-term investments	CN¥37.1M	CN¥28.6M	CN¥107M	CN¥222M	CN¥481M	CN¥721M	CN¥960M	CN¥1.35B	CN¥1.32B	CN¥2.05B
Goodwill	CN¥0	CN¥1.72B	CN¥1.72B	CN¥1.72B	CN¥1.91B	CN¥1.98B	CN¥1.95B	CN¥1.94B	CN¥1.94B	CN¥1.94B
Intangible assets	CN¥97M	CN¥454M	CN¥414M	CN¥407M	CN¥371M	CN¥405M	CN¥350M	CN¥449M	CN¥453M	CN¥432M
Deferred tax assets	CN¥2.78M	CN¥31.8M	CN¥15.1M	CN¥28.4M	CN¥37.9M	CN¥46.2M	CN¥48.4M	CN¥81.9M	CN¥502M	CN¥541M
Other non-current assets	CN¥6.06M	-CN¥691K	CN¥24.9M	CN¥25.3M	CN¥53.8M	CN¥86M	CN¥199M	CN¥561M	CN¥548M	CN¥638M
Non-current assets	CN¥328M	CN¥3.5B	CN¥3.92B	CN¥4.5B	CN¥5.65B	CN¥6.54B	CN¥6.97B	CN¥8.69B	CN¥10.7B	CN¥14.2B
Total assets	CN¥632M	CN¥7.81B	CN¥8.08B	CN¥10.5B	CN¥13.6B	CN¥16.6B	CN¥16.6B	CN¥20B	CN¥28.9B	CN¥45.3B
Liabilities
Accounts payable	CN¥27.5M	CN¥1.67B	CN¥942M	CN¥1.43B	CN¥1.67B	CN¥1.44B	CN¥1.38B	CN¥2.16B	CN¥3.51B	CN¥7.8B
Short-term debt	CN¥0	CN¥434M	CN¥390M	CN¥652M	CN¥1.04B	CN¥794M	CN¥385M	CN¥62.2M	CN¥1.43B	CN¥301M
Taxes payable	CN¥5.93M	CN¥33.9M	CN¥6.06M	CN¥11.6M	CN¥34.7M	CN¥68.4M	CN¥93.3M	CN¥213M	CN¥244M	CN¥1.25B
Other current liabilities	CN¥17.8M	CN¥369M	CN¥1.08B	CN¥312M	CN¥453M	CN¥623M	CN¥947M	CN¥570M	CN¥654M	CN¥811M
Current liabilities	CN¥67.3M	CN¥2.95B	CN¥2.87B	CN¥2.83B	CN¥3.78B	CN¥3.17B	CN¥3.26B	CN¥4.36B	CN¥6.5B	CN¥11.6B
Long-term debt	CN¥0	CN¥241M	CN¥270M	CN¥466M	CN¥1.43B	CN¥1.26B	CN¥696M	CN¥319M	CN¥606M	CN¥510M
Lease obligations (non-current)	CN¥0	CN¥0	CN¥0	CN¥0	CN¥5.96M	CN¥9.45M	CN¥2.4M	CN¥17M	CN¥23.2M	CN¥74.7M
Deferred revenue (non-current)	CN¥9.03M	CN¥15.4M	CN¥14.3M	CN¥109M	CN¥166M	CN¥216M	CN¥199M	CN¥216M	CN¥217M	CN¥211M
Deferred tax liabilities	CN¥0	CN¥45.1M	CN¥68.8M	CN¥72.9M	CN¥154M	CN¥277M	CN¥264M	CN¥216M	CN¥270M	CN¥291M
Other non-current liabilities	CN¥0	CN¥555M	CN¥83.4M	CN¥91.1M	CN¥101M	CN¥32.6M	CN¥62.9M	CN¥104M	CN¥960M	CN¥1.02B
Non-current liabilities	CN¥9.03M	CN¥857M	CN¥436M	CN¥739M	CN¥1.86B	CN¥1.8B	CN¥1.22B	CN¥872M	CN¥2.08B	CN¥2.11B
Total liabilities	CN¥76.4M	CN¥3.8B	CN¥3.3B	CN¥3.56B	CN¥5.63B	CN¥4.96B	CN¥4.49B	CN¥5.23B	CN¥8.57B	CN¥13.7B
Equity
Common stock & paid-in capital	CN¥216M	CN¥474M	CN¥475M	CN¥713M	CN¥713M	CN¥800M	CN¥801M	CN¥803M	CN¥1.12B	CN¥1.11B
Retained earnings	CN¥92.9M	CN¥252M	CN¥849M	CN¥1.29B	CN¥2.09B	CN¥2.86B	CN¥3.89B	CN¥5.87B	CN¥10.6B	CN¥20.2B
Shareholders' equity	CN¥556M	CN¥4.01B	CN¥4.78B	CN¥6.93B	CN¥7.89B	CN¥11.5B	CN¥11.9B	CN¥14.3B	CN¥19.1B	CN¥29.8B
Debt
Total debt (incl. leases)	CN¥0	CN¥676M	CN¥659M	CN¥1.12B	CN¥2.48B	CN¥2.06B	CN¥1.08B	CN¥398M	CN¥2.06B	CN¥886M
Net debt (debt - cash)	-CN¥69.3M	-CN¥282M	-CN¥382M	-CN¥118M	CN¥797M	-CN¥1.45B	-CN¥1.75B	-CN¥2.92B	-CN¥3B	-CN¥10.1B

Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in CNY.

Cash, investments and debt

quarter ends

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings.

Data as of 2026-11-02