Shanxi Installation Group 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	1,823	2,627	2,637	1,381	1,041
Short-Term Investments	-	-	-	27.56	19.39
Cash & Short-Term Investments	1,823	2,627	2,637	1,408	1,060
Cash Growth	-30.59%	-0.37%	87.19%	32.88%	27.42%
Accounts Receivable	15,515	12,582	12,366	11,871	9,603
Other Receivables	761.74	751.41	789.06	518.46	439.79
Receivables	16,276	13,333	13,155	13,060	10,598
Inventory	327.86	298.11	188.24	146.24	141.62
Restricted Cash	-	-	-	748.11	328.98
Other Current Assets	524.53	931.23	1,081	739.17	969.03
Total Current Assets	18,952	17,189	17,060	16,102	13,097
Property, Plant & Equipment	1,427	1,435	1,419	1,143	996.87
Long-Term Investments	431.68	358.08	337.63	322.14	168.83
Goodwill	11.14	15	15	15	15
Other Intangible Assets	187.7	174.68	178.31	1.22	1.44
Long-Term Accounts Receivable	-	-	-	3,569	3,036
Long-Term Deferred Tax Assets	186.39	179.49	163.79	100.06	63.96
Long-Term Deferred Charges	6.87	0.19	2.28	-	-
Other Long-Term Assets	4,819	4,772	4,346	193.69	195.39
Total Assets	26,022	24,124	23,522	21,447	17,575
Accounts Payable	7,517	7,738	6,676	9,197	7,595
Accrued Expenses	2,225	2,025	2,075	1,055	1,038
Short-Term Debt	3,130	2,401	2,443	2,201	1,611
Current Portion of Long-Term Debt	555.74	747.37	736.58	510.4	428.1
Current Portion of Leases	678.37	512.72	492.2	4.5	3.6
Current Income Taxes Payable	22.95	26.5	28.95	32.7	15.81
Current Unearned Revenue	973.32	1,357	1,382	2,166	1,407
Other Current Liabilities	2,997	2,695	3,172	865.66	732.72
Total Current Liabilities	18,100	17,502	17,006	16,033	12,831
Long-Term Debt	4,158	2,971	3,072	2,987	2,585
Long-Term Leases	130.76	140.08	157.41	66.3	68.33
Long-Term Unearned Revenue	26.37	27	21.56	23	-
Pension & Post-Retirement Benefits	27.66	30.28	28.79	30.79	-
Long-Term Deferred Tax Liabilities	89.36	110.56	110.41	74.01	76.12
Total Liabilities	22,532	20,781	20,397	19,214	15,561
Common Stock	1,373	1,373	1,373	1,000	1,000
Additional Paid-In Capital	372.57	372.57	-	-	-
Retained Earnings	784.71	652.51	503.54	420.28	298.24
Comprehensive Income & Other	372.55	365.63	733.12	389.04	377.3
Total Common Equity	2,903	2,764	2,610	1,809	1,676
Minority Interest	587.23	579.14	515.66	423.6	338.53
Shareholders' Equity	3,491	3,343	3,126	2,233	2,014
Total Liabilities & Equity	26,022	24,124	23,522	21,447	17,575
Total Debt	8,653	6,772	6,901	5,770	4,696
Net Cash (Debt)	-6,829	-4,145	-4,265	-4,361	-3,636
Net Cash Per Share	-4.93	-2.97	-4.10	-4.36	-4.20
Filing Date Shares Outstanding	1,373	1,373	1,373	1,000	866.67
Total Common Shares Outstanding	1,373	1,373	1,373	1,000	866.67
Working Capital	852.06	-312.56	54	69.59	266.4
Book Value Per Share	2.11	2.01	1.90	1.81	1.93
Tangible Book Value	2,704	2,575	2,417	1,793	1,659
Tangible Book Value Per Share	1.97	1.87	1.76	1.79	1.91
Buildings	775.44	728.09	610.96	387.41	377.04
Machinery	599.74	557.07	384.1	808.31	794.76
Construction In Progress	218.59	203.91	413.23	294.19	81.57

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