Shenma Industry Co.Ltd 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	5,091	4,960	8,650	9,414	9,751	6,640
Cash & Short-Term Investments	5,091	4,960	8,650	9,414	9,751	6,640
Cash Growth	-31.44%	-42.66%	-8.11%	-3.45%	46.84%	28.04%
Accounts Receivable	1,910	2,311	2,723	2,097	3,013	2,978
Other Receivables	133.86	1,167	556.12	752.93	386.2	156.45
Receivables	2,043	3,478	3,279	2,850	3,399	3,135
Inventory	1,549	1,657	1,581	1,500	1,079	963.32
Prepaid Expenses	-	1.41	2.13	-	-	8.3
Other Current Assets	2,707	681.81	699.4	268.18	189.6	248.37
Total Current Assets	11,391	10,779	14,212	14,032	14,418	10,995
Property, Plant & Equipment	12,203	11,505	12,510	10,355	8,880	6,170
Long-Term Investments	1,356	1,404	1,032	1,136	1,167	1,227
Other Intangible Assets	918.19	946.89	1,315	1,089	846.14	593.26
Long-Term Deferred Tax Assets	61.03	82.21	111.51	139.79	89.16	27.63
Long-Term Deferred Charges	108.95	96.82	106.58	5.95	7.82	7.62
Other Long-Term Assets	3,478	3,193	2,799	1,515	478.71	1,058
Total Assets	29,516	28,006	32,086	28,273	25,887	20,079
Accounts Payable	2,449	1,733	2,363	2,010	2,474	3,430
Accrued Expenses	40.21	59.69	73.27	115.99	169.14	188.07
Short-Term Debt	1,711	1,419	3,730	5,744	6,950	5,877
Current Portion of Long-Term Debt	3,511	1,737	2,444	1,514	1,419	-
Current Portion of Leases	-	10.23	8.89	10.46	9.88	-
Current Income Taxes Payable	53.64	15.05	20.37	31.06	195.97	29.55
Current Unearned Revenue	161.51	200.9	158.81	284.52	249.89	251.22
Other Current Liabilities	540.51	595.83	840.35	435.69	1,408	873.27
Total Current Liabilities	8,467	5,771	9,639	10,145	12,876	10,649
Long-Term Debt	9,810	10,630	9,256	6,670	4,428	3,739
Long-Term Leases	48.65	200.07	864.49	247.29	53.02	-
Long-Term Unearned Revenue	95.64	100.62	108.28	115.15	124.56	83.47
Long-Term Deferred Tax Liabilities	24.8	22.27	25.36	30.77	30.79	11.46
Other Long-Term Liabilities	-	32.74	38.02	39.49	45.65	42.6
Total Liabilities	18,446	16,757	19,931	17,248	17,558	14,525
Common Stock	1,030	1,015	1,044	1,044	1,044	837.38
Additional Paid-In Capital	2,324	2,299	2,855	3,207	2,703	1,533
Retained Earnings	3,807	3,889	3,996	3,834	3,954	2,449
Treasury Stock	-360.29	-281.31	-98.61	-	-	-
Comprehensive Income & Other	1,226	242.12	239.61	9.82	0	93.3
Total Common Equity	8,027	7,163	8,036	8,095	7,701	4,913
Minority Interest	3,043	4,086	4,118	2,930	628.06	640.82
Shareholders' Equity	11,070	11,249	12,154	11,025	8,329	5,554
Total Liabilities & Equity	29,516	28,006	32,086	28,273	25,887	20,079
Total Debt	15,080	13,997	16,304	14,186	12,860	9,616
Net Cash (Debt)	-9,989	-9,037	-7,653	-4,771	-3,109	-2,976
Net Cash Per Share	-8.76	-8.70	-7.34	-4.57	-3.33	-4.53
Filing Date Shares Outstanding	989.66	975.07	1,044	1,044	1,044	919.46
Total Common Shares Outstanding	989.66	975.07	1,044	1,044	1,044	837.38
Working Capital	2,924	5,008	4,573	3,887	1,542	346.14
Book Value Per Share	8.11	7.35	7.70	7.75	7.37	5.87
Tangible Book Value	7,109	6,216	6,722	7,005	6,854	4,320
Tangible Book Value Per Share	7.18	6.38	6.44	6.71	6.56	5.16
Buildings	-	2,347	3,425	2,804	2,238	2,028
Machinery	-	9,577	12,076	10,089	9,154	8,600
Construction In Progress	-	6,848	4,143	4,163	3,710	1,413

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