Shandong Shengli 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	474.13	813.75	767.18	937.68	867.25	895.15
Trading Asset Securities	-	-	-	-	-	20
Accounts Receivable	477.47	511.87	491.62	535.36	499.36	463.45
Other Receivables	34.72	202.31	19.8	41.06	153.33	277.87
Inventory	414.42	399.54	395.1	378.35	374.57	407.35
Prepaid Expenses	-	3.16	1.9	4.16	4.3	9.2
Other Current Assets	203.69	187.42	192.84	271.86	262.46	243.08
Total Current Assets	1,604	2,118	1,868	2,168	2,161	2,316
Property, Plant & Equipment	2,035	2,107	2,139	2,150	2,145	1,970
Goodwill	1,194	1,194	1,195	1,198	1,201	1,241
Other Intangible Assets	123.97	122.05	126.56	116.03	114.29	113.35
Long-Term Investments	819.29	822.69	1,291	1,184	1,173	795.44
Long-Term Loans Receivable	-	23.93	77.98	92.25	-	-
Long-Term Deferred Tax Assets	150.02	148.46	145.62	153.64	133.74	189.92
Long-Term Deferred Charges	22.82	12.52	12.21	10.68	11.36	15.35
Long-Term Accounts Receivable	-	13.33	12.62	10.87	-	-
Other Long-Term Assets	98.53	85.23	87.23	91	98.71	110.91
Total Assets	6,048	6,647	6,956	7,175	7,038	6,752
Accounts Payable	606.96	830.28	748.62	1,051	1,049	940.04
Accrued Expenses	19.97	52.22	64.16	57.41	66.08	58.47
Short-Term Debt	807.32	838.53	1,166	1,253	1,228	1,227
Current Portion of Long-Term Debt	214.09	251.89	306.51	284.12	160.12	-
Current Unearned Revenue	454.69	682.36	598.04	604.04	646.04	587.66
Current Portion of Leases	-	8.95	9.18	9.94	11.53	-
Current Income Taxes Payable	28.67	19.65	22.02	10.53	15.33	12.27
Other Current Liabilities	81.73	103.45	94.34	159.02	243.23	376.96
Total Current Liabilities	2,213	2,787	3,009	3,429	3,419	3,202
Long-Term Debt	268.84	355.35	489.98	443.64	401.62	461.74
Long-Term Leases	39.38	48.31	54.03	64.5	72.34	-
Long-Term Unearned Revenue	9.62	10.12	10.81	11.49	16.67	17.92
Long-Term Deferred Tax Liabilities	143.05	138.96	139.79	130.11	106.38	80.91
Other Long-Term Liabilities	-	-	-	-	-	88.45
Total Liabilities	2,674	3,340	3,703	4,078	4,016	3,851
Common Stock	880.08	880.08	880.08	880.08	880.08	880.08
Additional Paid-In Capital	956.69	955.53	953.54	952.52	952.65	952.78
Retained Earnings	1,131	1,048	979.22	843.43	721.49	629.05
Comprehensive Income & Other	78.19	74.36	71.1	52.39	59.12	-4.22
Total Common Equity	3,046	2,958	2,884	2,728	2,613	2,458
Minority Interest	327.68	348.94	368.94	367.91	408.33	443.7
Shareholders' Equity	3,374	3,307	3,253	3,096	3,022	2,901
Total Liabilities & Equity	6,048	6,647	6,956	7,175	7,038	6,752
Total Debt	1,330	1,503	2,025	2,055	1,874	1,688
Net Cash (Debt)	-855.5	-689.28	-1,258	-1,118	-1,007	-773.26
Net Cash Per Share	-0.97	-0.78	-1.43	-1.26	-1.14	-0.87
Filing Date Shares Outstanding	880.08	880.08	880.08	880.08	880.08	880.08
Total Common Shares Outstanding	880.08	880.08	880.08	880.08	880.08	880.08
Working Capital	-608.99	-669.28	-1,140	-1,260	-1,258	-885.97
Book Value Per Share	3.46	3.36	3.28	3.10	2.97	2.79
Tangible Book Value	1,728	1,642	1,562	1,414	1,298	1,103
Tangible Book Value Per Share	1.96	1.87	1.77	1.61	1.47	1.25
Buildings	-	316.97	304.14	272.21	270.15	263.1
Machinery	-	653.91	659.28	683.56	709.57	723.13
Construction In Progress	-	85.09	118.11	128.4	159.33	178.82

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