Shenzhen SED Industry 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	8,025	12,001	9,848	9,141	8,103	6,627
Trading Asset Securities	251.77	251.77	305.71	476.05	310.81	259.84
Cash & Short-Term Investments	8,277	12,253	10,153	9,617	8,413	6,887
Cash Growth	-11.38%	20.68%	5.58%	14.30%	22.17%	12.62%
Accounts Receivable	43,189	42,688	29,092	28,438	23,957	17,152
Other Receivables	684.61	20.77	18.77	-	755.98	796
Receivables	43,873	42,708	29,110	28,438	24,713	17,948
Inventory	1,388	1,077	923.47	1,124	1,061	858.54
Prepaid Expenses	-	727.57	867.95	485.04	217.58	66.82
Other Current Assets	2,481	2,052	3,908	2,645	1,627	1,450
Total Current Assets	56,020	58,818	44,963	42,309	36,032	27,210
Property, Plant & Equipment	5,723	5,937	6,218	5,531	5,375	5,136
Long-Term Investments	1,554	1,626	1,779	1,894	1,518	1,152
Goodwill	157.61	157.61	140.73	91.23	91.23	91.23
Other Intangible Assets	1,007	1,077	1,102	1,074	1,065	1,127
Long-Term Accounts Receivable	1,265	1,397	1,124	817.2	736.86	482.39
Long-Term Deferred Tax Assets	432.25	444.58	343.29	294.25	250.35	221.73
Long-Term Deferred Charges	418.77	216.51	204.89	142.93	111.74	109.7
Other Long-Term Assets	637.92	633.51	644.83	690.77	752.83	517.76
Total Assets	67,215	70,307	56,518	52,844	45,933	36,048
Accounts Payable	36,250	38,599	25,523	23,590	19,215	14,468
Accrued Expenses	295.68	1,148	1,140	959.43	936.39	855.21
Short-Term Debt	2,119	1,187	1,375	1,851	1,486	1,432
Current Portion of Long-Term Debt	2,735	2,803	1,861	1,581	1,649	32.2
Current Portion of Leases	-	71.85	55.65	44.49	44.82	-
Current Income Taxes Payable	197.96	204.8	154.55	218.92	229.98	320.88
Current Unearned Revenue	2,679	3,332	4,778	5,172	5,696	4,799
Other Current Liabilities	925.89	1,411	1,780	1,722	1,483	1,005
Total Current Liabilities	45,202	48,756	36,668	35,140	30,742	22,912
Long-Term Debt	8,330	6,916	5,981	5,716	3,578	4,444
Long-Term Leases	430	254.36	369.38	421.84	395.09	59.61
Long-Term Unearned Revenue	148.75	155.66	156.26	161.14	176.9	151.07
Pension & Post-Retirement Benefits	-	84.19	74.44	75.06	77.8	80.46
Long-Term Deferred Tax Liabilities	95.24	100.89	108.59	90.03	96.27	100.74
Other Long-Term Liabilities	1,167	1,646	1,286	1,111	1,150	1,087
Total Liabilities	55,374	57,913	44,643	42,715	36,216	28,834
Common Stock	1,138	1,138	1,138	1,138	1,139	413.22
Additional Paid-In Capital	3,420	3,420	3,566	2,928	3,317	1,161
Retained Earnings	1,550	1,940	1,700	1,462	1,728	1,305
Comprehensive Income & Other	13.12	-3.21	84.46	45.57	13.79	-5.83
Total Common Equity	6,121	6,495	6,489	5,573	6,198	2,873
Minority Interest	5,720	5,899	5,386	4,556	3,520	4,341
Shareholders' Equity	11,841	12,394	11,875	10,129	9,718	7,214
Total Liabilities & Equity	67,215	70,307	56,518	52,844	45,933	36,048
Total Debt	13,615	11,232	9,642	9,615	7,153	5,968
Net Cash (Debt)	-5,338	1,021	511.21	2.09	1,260	919.36
Net Cash Growth	-	99.72%	24315.85%	-99.83%	37.09%	-27.18%
Net Cash Per Share	-4.69	0.90	0.45	0.00	1.27	1.30
Filing Date Shares Outstanding	1,138	1,138	1,138	1,138	1,139	709.99
Total Common Shares Outstanding	1,138	1,138	1,138	1,138	1,139	709.99
Working Capital	10,818	10,062	8,295	7,169	5,291	4,298
Book Value Per Share	5.38	5.71	5.70	4.90	5.44	4.05
Tangible Book Value	4,956	5,260	5,247	4,408	5,042	1,654
Tangible Book Value Per Share	4.36	4.62	4.61	3.87	4.43	2.33
Buildings	-	1,430	1,325	1,314	1,296	1,322
Machinery	-	2,448	2,336	2,226	2,011	1,798
Construction In Progress	-	536.8	1,060	950.58	831.45	1,235

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