Shanghai Sinotec 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	140.4	125.7	284.96	165.63	166.7	103
Trading Asset Securities	-	10.34	10.01	-	100.63	243.19
Cash & Short-Term Investments	140.4	136.04	294.97	165.63	267.33	346.19
Cash Growth	-30.96%	-53.88%	78.08%	-38.04%	-22.78%	-37.72%
Accounts Receivable	396.43	401.17	403.03	474.86	378.6	288.83
Other Receivables	18.85	21.37	20.6	8.9	19.99	22.58
Receivables	415.28	422.54	423.63	483.76	398.59	311.41
Inventory	280.87	272.86	264.92	270.09	277.49	205.51
Prepaid Expenses	-	-	-	-	-	0.04
Other Current Assets	14.68	16.23	17.4	23.72	14.09	4.86
Total Current Assets	851.23	847.67	1,001	943.21	957.49	868.01
Property, Plant & Equipment	531.22	545.17	595.24	608.18	674.66	518.42
Long-Term Investments	341.17	334.9	122.35	108.32	98.16	26.37
Goodwill	174.7	174.7	243.16	266.41	289.07	49.07
Other Intangible Assets	91.65	95.58	109.04	118.79	132.16	77.31
Long-Term Accounts Receivable	-	-	2.51	-	-	-
Long-Term Deferred Tax Assets	27.8	26.78	22.39	20.48	19.08	10.02
Long-Term Deferred Charges	12.96	14.35	20.31	23.55	17.1	13.5
Other Long-Term Assets	4.05	3.17	1.66	6.04	7.15	16.03
Total Assets	2,035	2,042	2,118	2,095	2,195	1,579
Accounts Payable	244.28	235.93	221.86	207.92	263.5	122
Accrued Expenses	25.58	23.3	45.07	58.48	77.07	39.27
Short-Term Debt	201.37	206.34	126.46	270.85	469.19	75.23
Current Portion of Long-Term Debt	78.92	88.02	13.87	0.2	0.03	-
Current Portion of Leases	-	-	2.72	3.13	5.93	0.37
Current Income Taxes Payable	7.61	11.14	3.86	6.23	6.63	8.04
Current Unearned Revenue	10.34	11.88	12.92	3.85	12.99	12.18
Other Current Liabilities	19.02	14.56	56.94	53.96	90.89	97.32
Total Current Liabilities	587.12	591.17	483.71	604.63	926.22	354.41
Long-Term Debt	313.74	309.91	331.61	185.37	25	-
Long-Term Leases	1.79	2.14	21.15	2.5	5.65	-
Long-Term Unearned Revenue	16.3	17.12	12.71	15.25	14.43	15.29
Long-Term Deferred Tax Liabilities	10.4	10.97	12.87	14.29	19.03	7
Other Long-Term Liabilities	-	-	2.35	7.72	26.81	47.15
Total Liabilities	929.35	931.31	864.41	829.76	1,017	423.86
Common Stock	338.53	338.53	338.53	338.53	342.59	264.55
Additional Paid-In Capital	527.65	527.65	527.65	530.5	545.65	612.6
Retained Earnings	251.05	254.54	365.42	360.74	244.88	304.79
Treasury Stock	-20	-20	-	-	-14.97	-27.01
Total Common Equity	1,097	1,101	1,232	1,230	1,118	1,155
Minority Interest	8.2	10.29	21.56	35.44	59.59	-0.07
Shareholders' Equity	1,105	1,111	1,253	1,265	1,178	1,155
Total Liabilities & Equity	2,035	2,042	2,118	2,095	2,195	1,579
Total Debt	595.82	606.41	495.82	462.05	505.79	75.6
Net Cash (Debt)	-455.42	-470.38	-200.86	-296.42	-238.46	270.59
Net Cash Growth	-	-	-	-	-	-31.04%
Net Cash Per Share	-1.38	-1.42	-0.58	-0.90	-0.57	0.79
Filing Date Shares Outstanding	348.82	296.75	338.53	338.53	342.59	343.92
Total Common Shares Outstanding	348.82	296.75	338.53	338.53	342.59	343.92
Working Capital	264.11	256.5	517.2	338.58	31.27	513.6
Book Value Per Share	3.15	3.71	3.64	3.63	3.26	3.36
Tangible Book Value	830.88	830.44	879.4	844.57	696.91	1,029
Tangible Book Value Per Share	2.38	2.80	2.60	2.49	2.03	2.99
Buildings	-	-	342.88	302.7	254.46	254.46
Machinery	-	-	638.38	609.64	589.33	442.75
Construction In Progress	-	-	13.35	31.46	108.04	39.29

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