Shanghai Highly (Group) Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	3,620	4,151	3,438	3,343	3,866	2,278
Short-Term Investments	-	25	-	-	-	-
Trading Asset Securities	100	250	89.64	276	236.17	10.44
Cash & Short-Term Investments	3,720	4,426	3,528	3,619	4,102	2,289
Cash Growth	-11.62%	25.46%	-2.50%	-11.79%	79.23%	79.62%
Accounts Receivable	5,977	4,190	5,619	6,181	6,519	4,822
Other Receivables	231.42	76	74.21	108.4	158.97	4.23
Receivables	6,208	4,266	5,693	6,290	6,678	4,826
Inventory	4,758	5,638	3,744	3,067	2,929	2,043
Other Current Assets	900.42	1,268	794.14	536.47	801.54	628.92
Total Current Assets	15,586	15,598	13,760	13,512	14,511	9,787
Property, Plant & Equipment	5,274	5,095	4,847	4,696	4,737	3,935
Long-Term Investments	252.24	253.69	264.92	268.8	270.15	109.56
Goodwill	736.06	741.35	756.5	558.71	537.2	304.23
Other Intangible Assets	927.93	961.56	965.72	700.62	623.29	441.94
Long-Term Accounts Receivable	0.86	1.23	3.32	8.75	18.75	11.97
Long-Term Deferred Tax Assets	239.26	232.3	224.39	138.64	90.99	58.06
Long-Term Deferred Charges	159.9	149.86	174.03	176.49	144.11	131.58
Other Long-Term Assets	559.82	348.4	278.19	151.56	162.89	168.65
Total Assets	23,736	23,495	21,275	20,212	21,095	14,948
Accounts Payable	9,116	9,047	7,684	6,946	6,601	5,176
Accrued Expenses	408.41	631.62	684.83	668.2	626.24	289.26
Short-Term Debt	1,144	1,144	1,135	1,982	3,689	2,691
Current Portion of Long-Term Debt	973.1	1,862	228.86	144.91	623.71	20
Current Portion of Leases	-	45.28	35.77	40.56	30.96	-
Current Income Taxes Payable	65.2	40.98	18.46	30.1	18.94	0.98
Current Unearned Revenue	1,538	798.98	155.61	49.43	41.2	53.8
Other Current Liabilities	603.07	476.86	309.03	399.32	279.54	142.09
Total Current Liabilities	13,847	14,047	10,252	10,260	11,910	8,373
Long-Term Debt	1,194	834.98	2,633	2,117	1,054	778.26
Long-Term Leases	259.95	223.14	83.26	40.18	70.17	-
Long-Term Unearned Revenue	235.21	254.19	221.29	258.8	260.72	261.08
Pension & Post-Retirement Benefits	44.36	46.49	35.04	39.79	43.3	14.3
Long-Term Deferred Tax Liabilities	93.37	122.17	118.88	44.14	44.81	25.35
Other Long-Term Liabilities	163.39	125.83	111.57	66.32	67.6	29.45
Total Liabilities	15,837	15,653	13,455	12,826	13,450	9,482
Common Stock	1,073	1,073	1,078	1,083	1,084	883.3
Additional Paid-In Capital	3,505	3,511	3,527	3,557	3,563	2,183
Retained Earnings	1,667	1,628	1,607	1,591	1,720	1,538
Treasury Stock	-	-	-20.31	-45.6	-74.99	-77.98
Comprehensive Income & Other	-121.15	-101.51	-93.51	-88.48	-66.62	-15.15
Total Common Equity	6,124	6,110	6,097	6,097	6,225	4,511
Minority Interest	1,775	1,731	1,722	1,289	1,419	955.46
Shareholders' Equity	7,899	7,841	7,819	7,386	7,645	5,466
Total Liabilities & Equity	23,736	23,495	21,275	20,212	21,095	14,948
Total Debt	3,570	4,109	4,116	4,324	5,468	3,490
Net Cash (Debt)	149.29	316.87	-588.29	-705.53	-1,365	-1,201
Net Cash Per Share	0.14	0.30	-0.55	-0.66	-1.44	-1.39
Filing Date Shares Outstanding	1,073	1,073	978.85	1,073	1,067	866.31
Total Common Shares Outstanding	1,073	1,073	978.85	1,073	1,067	866.31
Working Capital	1,738	1,552	3,508	3,252	2,602	1,413
Book Value Per Share	5.71	5.69	6.23	5.68	5.83	5.21
Tangible Book Value	4,460	4,407	4,375	4,838	5,065	3,764
Tangible Book Value Per Share	4.16	4.11	4.47	4.51	4.75	4.35
Land	-	73.86	74.58	73.9	71.9	-
Buildings	-	2,388	2,172	2,155	2,065	1,958
Machinery	-	9,378	8,944	8,687	8,328	7,596
Construction In Progress	-	444.92	595.58	448.13	370.92	256.3

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.