Shandong Daye 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	1,003	1,112	1,171	980.35	933.14	1,065
Short-Term Investments	-	50.57	191.54	-	156.88	-
Trading Asset Securities	-	0.39	1	0.16	0.17	101.62
Cash & Short-Term Investments	1,003	1,163	1,363	980.5	1,090	1,167
Cash Growth	-19.75%	-14.70%	39.03%	-10.06%	-6.59%	21.66%
Accounts Receivable	1,584	1,509	1,645	1,745	1,696	1,806
Other Receivables	68.79	71.66	83.27	35.04	41.3	35.31
Receivables	1,653	1,580	1,728	1,780	1,738	1,841
Inventory	841.31	739.93	750.47	763.46	663.54	952.04
Prepaid Expenses	-	-	-	0.91	-	-
Other Current Assets	193.22	144.23	165.17	109.04	109.16	128.83
Total Current Assets	3,691	3,627	4,007	3,634	3,600	4,089
Property, Plant & Equipment	3,794	3,380	2,863	2,925	2,949	3,065
Long-Term Investments	87.16	221.98	115.36	94.92	69.59	239.67
Other Intangible Assets	654.22	576.77	528.85	460.91	373.2	385.32
Long-Term Deferred Tax Assets	116.33	115.58	138.03	120.71	115.98	63.71
Other Long-Term Assets	147.03	205.07	47.41	52.58	94.34	42.28
Total Assets	8,489	8,126	7,700	7,288	7,202	7,885
Accounts Payable	1,600	1,464	1,569	1,552	1,348	2,560
Accrued Expenses	67.54	92.43	95	109.39	111.92	96.32
Short-Term Debt	1,995	1,919	1,700	1,690	1,950	1,036
Current Portion of Long-Term Debt	815.15	557.1	154.5	165.37	221.78	250.5
Current Portion of Leases	-	420.71	266.9	285.4	215.73	95.64
Current Income Taxes Payable	19.03	0.95	1.69	0.16	0.23	0.01
Current Unearned Revenue	15.41	22.73	24.81	12.52	5.32	15.29
Other Current Liabilities	82.11	16.75	162.22	83.85	31.06	835.82
Total Current Liabilities	4,594	4,494	3,975	3,899	3,883	4,889
Long-Term Debt	665.37	548.68	679.36	188.39	674.34	674.57
Long-Term Leases	962.21	783.69	259.48	247.28	301.69	136.52
Long-Term Unearned Revenue	187.14	191.89	192.24	157.33	80.54	37.49
Long-Term Deferred Tax Liabilities	142.65	146.28	166.29	185.7	211.52	201.13
Other Long-Term Liabilities	1.69	0.75	-	-	-	-
Total Liabilities	6,553	6,166	5,272	4,677	5,151	5,939
Common Stock	341.76	341.76	341.76	336.85	289.81	289.96
Additional Paid-In Capital	999.95	999.95	1,119	1,069	580.35	569.67
Retained Earnings	622.49	647.05	660.52	842.61	746.76	1,002
Treasury Stock	-20.06	-20.06	-20.06	-	-6.32	-13.45
Comprehensive Income & Other	-7.94	-8.19	-	9.42	97.78	97.78
Total Common Equity	1,936	1,960	2,102	2,257	1,708	1,946
Minority Interest	-	-	326	353.06	342.47	-
Shareholders' Equity	1,936	1,960	2,428	2,611	2,051	1,946
Total Liabilities & Equity	8,489	8,126	7,700	7,288	7,202	7,885
Total Debt	4,438	4,230	3,061	2,576	3,363	2,193
Net Cash (Debt)	-3,435	-3,067	-1,697	-1,596	-2,273	-1,026
Net Cash Per Share	-11.40	-9.11	-4.99	-5.49	-7.84	-3.55
Filing Date Shares Outstanding	339.25	339.25	339.25	336.85	289.81	287.39
Total Common Shares Outstanding	339.25	339.25	339.25	336.85	289.81	287.39
Working Capital	-903.15	-867.21	32.09	-264.77	-282.91	-800.16
Book Value Per Share	5.71	5.78	6.20	6.70	5.89	6.77
Tangible Book Value	1,282	1,384	1,573	1,797	1,335	1,561
Tangible Book Value Per Share	3.78	4.08	4.64	5.33	4.61	5.43
Buildings	-	1,455	1,317	1,253	1,212	1,186
Machinery	-	3,007	2,871	2,913	2,743	2,518
Construction In Progress	-	830.53	390.36	250.28	193.93	271.51

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