Shimao Services Holdings Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	1,491	2,164	3,788	2,307	9,842
Short-Term Investments	1,500	1,600	1,000	2,360	129.05
Trading Asset Securities	114.58	138.7	-	-	-
Cash & Short-Term Investments	3,106	3,903	4,788	4,667	9,971
Cash Growth	-20.42%	-18.49%	2.59%	-53.19%	70.04%
Accounts Receivable	3,912	3,378	3,220	3,226	3,155
Other Receivables	-	-	-	-	-15.4
Receivables	3,912	3,378	3,220	3,226	3,140
Inventory	27.31	174.35	210.88	193.76	231.08
Prepaid Expenses	-	87.93	32.15	17.91	-
Restricted Cash	-	37.49	36.9	92.12	29.45
Other Current Assets	1,247	2,068	894.31	1,089	562.71
Total Current Assets	8,291	9,649	9,183	9,286	13,934
Property, Plant & Equipment	513.28	399.41	670.42	711.76	575.86
Long-Term Investments	1,174	507.82	185.2	144.04	42.18
Goodwill	-	1,308	1,725	1,740	2,129
Other Intangible Assets	2,154	793.37	932.81	1,173	1,147
Long-Term Accounts Receivable	-	-	165.41	173.85	173.93
Long-Term Deferred Tax Assets	399.78	280.9	255.54	257.53	95.24
Other Long-Term Assets	417.03	49.25	1,123	1,114	62.39
Total Assets	12,949	12,987	14,240	14,600	18,160
Accounts Payable	1,623	1,412	1,213	1,175	1,143
Short-Term Debt	4.5	-	47.54	24	2,434
Current Portion of Long-Term Debt	-	-	184.62	251.5	226.01
Current Portion of Leases	8.02	20.14	32.38	34.4	21.07
Current Income Taxes Payable	532.38	416.18	393.2	393.99	390.86
Current Unearned Revenue	1,193	1,288	1,253	1,228	1,550
Other Current Liabilities	1,480	1,632	2,120	2,446	2,066
Total Current Liabilities	4,841	4,768	5,244	5,553	7,831
Long-Term Debt	-	-	67.79	251.37	546.53
Long-Term Leases	16.77	23.63	35.95	53.9	10.3
Long-Term Deferred Tax Liabilities	92.49	132.12	156.63	176.01	207.39
Other Long-Term Liabilities	28.86	24.62	89.79	198.28	337.93
Total Liabilities	4,979	4,948	5,594	6,232	8,933
Common Stock	21.36	21.36	21.36	21.36	21.45
Additional Paid-In Capital	-	8,416	8,416	8,416	8,491
Retained Earnings	-	922.81	1,193	914.77	1,842
Treasury Stock	-	-7.46	-7.46	-32.03	-145.99
Comprehensive Income & Other	7,726	-1,694	-1,707	-1,753	-1,681
Total Common Equity	7,747	7,659	7,916	7,568	8,527
Minority Interest	222.46	380.29	729.71	799.68	700.09
Shareholders' Equity	7,970	8,039	8,646	8,367	9,227
Total Liabilities & Equity	12,949	12,987	14,240	14,600	18,160
Total Debt	29.29	43.77	368.28	615.17	3,238
Net Cash (Debt)	3,077	3,859	4,420	4,052	6,733
Net Cash Growth	-20.28%	-12.69%	9.08%	-39.82%	15.83%
Net Cash Per Share	1.19	1.57	1.79	1.64	2.82
Filing Date Shares Outstanding	2,708	2,468	2,468	2,468	2,468
Total Common Shares Outstanding	2,708	2,468	2,468	2,468	2,468
Working Capital	3,450	4,881	3,939	3,733	6,103
Book Value Per Share	2.86	3.10	3.21	3.07	3.45
Tangible Book Value	5,593	5,558	5,259	4,655	5,250
Tangible Book Value Per Share	2.07	2.25	2.13	1.89	2.13
Buildings	-	40.99	94.44	67.94	83.69
Machinery	-	358.4	465.19	428.89	320.63
Construction In Progress	-	95.78	124.89	124.15	97.97
Leasehold Improvements	-	347.84	263.76	189.55	98.54

Source: S&P Global Market Intelligence. Standard template. Financial Sources.