Shandong Hi-speed Company Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	2,528	2,417	2,763	4,438	5,341	4,734
Short-Term Investments	-	1,222	1,646	1,159	491.05	336.03
Trading Asset Securities	1,923	1,603	784.28	887.43	1,238	-
Cash & Short-Term Investments	4,452	5,242	5,193	6,484	7,071	5,070
Cash Growth	-1.03%	0.95%	-19.91%	-8.29%	39.47%	71.76%
Accounts Receivable	9,410	11,251	9,524	9,074	5,818	2,664
Other Receivables	3,851	5,321	5,136	4,589	5,798	4,280
Receivables	13,261	16,571	14,661	13,662	11,616	6,944
Inventory	1,198	882.06	896.44	926.6	1,041	1,456
Other Current Assets	7,659	3,823	3,520	3,240	3,334	2,942
Total Current Assets	26,569	26,519	24,270	24,313	23,062	16,411
Property, Plant & Equipment	14,699	14,940	15,031	14,246	14,848	14,581
Long-Term Investments	22,452	21,156	22,210	21,659	19,035	17,791
Goodwill	103.92	103.92	361.13	569.93	688.16	627.51
Other Intangible Assets	82,686	83,222	82,530	74,310	70,152	63,756
Long-Term Accounts Receivable	-	1,247	642.77	294.75	-	-
Long-Term Deferred Tax Assets	1,440	1,456	1,241	1,081	1,018	870.81
Long-Term Deferred Charges	65.49	68.61	93.06	91.57	141.09	40.79
Other Long-Term Assets	16,417	14,455	15,310	15,155	15,217	11,828
Total Assets	164,432	163,167	161,688	151,720	144,161	125,906
Accounts Payable	16,234	17,317	17,832	14,763	13,558	10,520
Accrued Expenses	198.49	730.87	689.59	608.01	549.58	596.57
Short-Term Debt	4,335	6,767	6,002	6,360	5,361	5,467
Current Portion of Long-Term Debt	8,542	8,697	6,227	4,405	3,501	2,446
Current Portion of Leases	-	57.9	34.17	8.13	6.04	7.09
Current Income Taxes Payable	414.02	480.23	385.18	279.7	179.35	437.25
Current Unearned Revenue	656.78	793.46	515.09	274.06	466.64	151.77
Other Current Liabilities	8,390	5,734	5,555	5,400	4,415	4,425
Total Current Liabilities	38,771	40,577	37,240	32,099	28,036	24,050
Long-Term Debt	58,006	57,383	61,224	59,204	54,819	50,011
Long-Term Leases	178.15	294.77	261.71	221.87	450.34	82.99
Long-Term Unearned Revenue	2,354	2,334	2,345	2,406	2,564	2,353
Pension & Post-Retirement Benefits	-	232.05	243.59	194.08	170.4	197.83
Long-Term Deferred Tax Liabilities	2,629	2,633	2,432	2,156	1,972	1,709
Other Long-Term Liabilities	1,093	694.94	646.45	497.04	947.55	698.07
Total Liabilities	103,032	104,149	104,392	96,778	88,959	79,102
Common Stock	4,835	4,835	4,852	4,840	4,827	4,811
Additional Paid-In Capital	514.14	514.14	574.71	531.36	2,230	1,209
Retained Earnings	25,233	24,547	24,061	23,502	24,030	22,898
Comprehensive Income & Other	16,099	14,591	13,800	12,831	10,168	8,281
Total Common Equity	46,680	44,487	43,288	41,705	41,255	37,198
Minority Interest	14,720	14,531	14,008	13,237	13,947	9,606
Shareholders' Equity	61,400	59,018	57,296	54,942	55,202	46,804
Total Liabilities & Equity	164,432	163,167	161,688	151,720	144,161	125,906
Total Debt	71,061	73,200	73,748	70,199	64,137	58,013
Net Cash (Debt)	-66,610	-67,957	-68,555	-63,714	-57,066	-52,944
Net Cash Per Share	-11.37	-11.55	-11.58	-11.07	-10.14	-10.34
Filing Date Shares Outstanding	5,879	4,835	4,852	4,840	4,827	4,811
Total Common Shares Outstanding	5,879	4,835	4,852	4,840	4,827	4,811
Working Capital	-12,202	-14,058	-12,970	-7,785	-4,974	-7,639
Book Value Per Share	7.94	6.20	6.14	5.99	6.45	6.03
Tangible Book Value	-36,110	-38,839	-39,604	-33,176	-29,584	-27,186
Tangible Book Value Per Share	-6.14	-11.03	-10.94	-9.48	-8.22	-7.35
Buildings	-	6,120	5,977	6,041	6,865	4,097
Machinery	-	5,239	4,980	4,714	4,531	3,896
Construction In Progress	-	1,711	1,056	2,654	1,862	4,624

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