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 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	5,502	5,726	4,960	8,650	9,414	9,751
Cash & Short-Term Investments	5,502	5,726	4,960	8,650	9,414	9,751
Cash Growth	-2.12%	15.45%	-42.66%	-8.11%	-3.45%	46.84%
Accounts Receivable	2,605	3,043	2,685	2,723	2,097	3,013
Other Receivables	84.06	103.66	213.17	556.12	752.93	386.2
Receivables	2,689	3,147	2,898	3,279	2,850	3,399
Inventory	1,378	1,498	1,657	1,581	1,500	1,079
Prepaid Expenses	-	-	2.42	2.13	-	-
Other Current Assets	2,724	1,333	1,261	699.4	268.18	189.6
Total Current Assets	12,293	11,704	10,779	14,212	14,032	14,418
Property, Plant & Equipment	12,453	12,531	11,496	12,510	10,355	8,880
Long-Term Investments	1,306	1,365	1,565	1,032	1,136	1,167
Other Intangible Assets	948.99	951.66	946.89	1,315	1,089	846.14
Long-Term Accounts Receivable	2,417	2,651	2,719	-	-	-
Long-Term Deferred Tax Assets	83.04	83.04	82.21	111.51	139.79	89.16
Long-Term Deferred Charges	62.84	57.17	96.82	106.58	5.95	7.82
Other Long-Term Assets	419.24	219.15	312.36	2,799	1,515	478.71
Total Assets	29,983	29,561	27,998	32,086	28,273	25,887
Accounts Payable	3,337	2,622	1,733	2,363	2,010	2,474
Accrued Expenses	55.82	95.82	66.2	73.27	115.99	169.14
Short-Term Debt	1,257	1,363	1,440	3,730	5,744	6,950
Current Portion of Long-Term Debt	2,431	3,282	1,737	2,444	1,514	1,419
Current Portion of Leases	-	185.86	176.85	8.89	10.46	9.88
Current Income Taxes Payable	44.86	26.4	15.05	20.37	31.06	195.97
Current Unearned Revenue	265.83	213.58	200.9	158.81	284.52	249.89
Other Current Liabilities	430.12	463.78	401.96	840.35	435.69	1,408
Total Current Liabilities	7,821	8,252	5,771	9,639	10,145	12,876
Long-Term Debt	9,997	8,849	10,630	9,256	6,670	4,428
Long-Term Leases	36.12	38.54	200.07	864.49	247.29	53.02
Long-Term Unearned Revenue	107.85	109.38	100.62	108.28	115.15	124.56
Long-Term Deferred Tax Liabilities	62.61	62.61	22.27	25.36	30.77	30.79
Other Long-Term Liabilities	1.6	1.6	32.74	38.02	39.49	45.65
Total Liabilities	18,026	17,314	16,757	19,931	17,248	17,558
Common Stock	1,111	1,111	1,015	1,044	1,044	1,044
Additional Paid-In Capital	2,945	2,937	2,299	2,855	3,207	2,703
Retained Earnings	3,586	3,617	3,883	3,996	3,834	3,954
Treasury Stock	-526.88	-493.95	-281.31	-98.61	-	-
Comprehensive Income & Other	2,168	2,165	242.12	239.61	9.82	0
Total Common Equity	9,284	9,336	7,157	8,036	8,095	7,701
Minority Interest	2,673	2,911	4,084	4,118	2,930	628.06
Shareholders' Equity	11,957	12,248	11,241	12,154	11,025	8,329
Total Liabilities & Equity	29,983	29,561	27,998	32,086	28,273	25,887
Total Debt	13,721	13,719	14,184	16,304	14,186	12,860
Net Cash (Debt)	-8,219	-7,992	-9,224	-7,653	-4,771	-3,109
Net Cash Per Share	-8.35	-8.12	-10.07	-7.34	-4.57	-3.33
Filing Date Shares Outstanding	1,054	1,058	975.07	1,044	1,044	1,044
Total Common Shares Outstanding	1,054	1,058	975.07	1,044	1,044	1,044
Working Capital	4,472	3,451	5,009	4,573	3,887	1,542
Book Value Per Share	8.81	8.82	7.34	7.70	7.75	7.37
Tangible Book Value	8,335	8,385	6,210	6,722	7,005	6,854
Tangible Book Value Per Share	7.91	7.93	6.37	6.44	6.71	6.56
Buildings	-	3,571	2,889	3,425	2,804	2,238
Machinery	-	12,299	10,970	12,076	10,089	9,154
Construction In Progress	-	4,405	4,909	4,143	4,163	3,710