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 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	3,040	3,292	4,151	3,438	3,343	3,866
Short-Term Investments	-	-	25	-	-	-
Trading Asset Securities	100	-	250	89.64	276	236.17
Cash & Short-Term Investments	3,140	3,292	4,426	3,528	3,619	4,102
Cash Growth	-8.55%	-25.63%	25.46%	-2.50%	-11.79%	79.23%
Accounts Receivable	5,991	5,190	4,190	5,619	6,181	6,519
Other Receivables	218.79	4.15	76	74.21	108.4	158.97
Receivables	6,210	5,194	4,266	5,693	6,290	6,678
Inventory	4,666	5,739	5,638	3,744	3,067	2,929
Other Current Assets	1,133	1,257	1,268	794.14	536.47	801.54
Total Current Assets	15,149	15,482	15,598	13,760	13,512	14,511
Property, Plant & Equipment	5,428	5,496	5,095	4,847	4,696	4,737
Long-Term Investments	249.63	250.01	253.69	264.92	268.8	270.15
Goodwill	724.17	731.16	741.35	756.5	558.71	537.2
Other Intangible Assets	930.96	956.52	961.56	965.72	700.62	623.29
Long-Term Accounts Receivable	-	0.8	1.23	3.32	8.75	18.75
Long-Term Deferred Tax Assets	330.86	335.49	232.3	224.39	138.64	90.99
Long-Term Deferred Charges	164.92	162.68	149.86	174.03	176.49	144.11
Other Long-Term Assets	622.13	413.11	348.4	278.19	151.56	162.89
Total Assets	23,600	23,934	23,495	21,275	20,212	21,095
Accounts Payable	9,031	8,724	9,047	7,684	6,946	6,601
Accrued Expenses	307.97	613.86	631.62	684.83	668.2	626.24
Short-Term Debt	1,514	1,315	1,144	1,135	1,982	3,689
Current Portion of Long-Term Debt	656.55	878.63	1,862	228.86	144.91	623.71
Current Portion of Leases	-	59.99	45.28	35.77	40.56	30.96
Current Income Taxes Payable	143.92	104.3	40.98	18.46	30.1	18.94
Current Unearned Revenue	1,452	1,972	798.98	155.61	49.43	41.2
Other Current Liabilities	661.61	519.87	476.86	309.03	399.32	279.54
Total Current Liabilities	13,767	14,188	14,047	10,252	10,260	11,910
Long-Term Debt	1,238	1,187	834.98	2,633	2,117	1,054
Long-Term Leases	225.34	232.28	223.14	83.26	40.18	70.17
Long-Term Unearned Revenue	-	228.1	254.19	221.29	258.8	260.72
Pension & Post-Retirement Benefits	-	47.03	46.49	35.04	39.79	43.3
Long-Term Deferred Tax Liabilities	52.7	55.71	122.17	118.88	44.14	44.81
Other Long-Term Liabilities	387.35	113.3	125.83	111.57	66.32	67.6
Total Liabilities	15,670	16,051	15,653	13,455	12,826	13,450
Common Stock	1,073	1,073	1,073	1,078	1,083	1,084
Additional Paid-In Capital	3,511	3,511	3,511	3,527	3,557	3,563
Retained Earnings	1,758	1,686	1,628	1,607	1,591	1,720
Treasury Stock	-	-	-	-20.31	-45.6	-74.99
Comprehensive Income & Other	-171.61	-145.33	-101.51	-93.51	-88.48	-66.62
Total Common Equity	6,170	6,124	6,110	6,097	6,097	6,225
Minority Interest	1,759	1,759	1,731	1,722	1,289	1,419
Shareholders' Equity	7,929	7,883	7,841	7,819	7,386	7,645
Total Liabilities & Equity	23,600	23,934	23,495	21,275	20,212	21,095
Total Debt	3,634	3,672	4,109	4,116	4,324	5,468
Net Cash (Debt)	-494.25	-380.56	316.87	-588.29	-705.53	-1,365
Net Cash Per Share	-0.52	-0.35	0.30	-0.55	-0.66	-1.44
Filing Date Shares Outstanding	1,035	1,073	1,073	978.85	1,073	1,067
Total Common Shares Outstanding	1,035	1,073	1,073	978.85	1,073	1,067
Working Capital	1,382	1,294	1,552	3,508	3,252	2,602
Book Value Per Share	5.96	5.71	5.69	6.23	5.68	5.83
Tangible Book Value	4,515	4,437	4,407	4,375	4,838	5,065
Tangible Book Value Per Share	4.36	4.13	4.11	4.47	4.51	4.75
Land	-	76.81	73.86	74.58	73.9	71.9
Buildings	-	2,403	2,388	2,172	2,155	2,065
Machinery	-	9,731	9,378	8,944	8,687	8,328
Construction In Progress	-	665.75	444.92	595.58	448.13	370.92

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