Shandong Shengli 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	447.97	562.61	813.75	767.18	937.68	867.25
Short-Term Investments	-	100.22	-	-	-	-
Accounts Receivable	520.89	534.19	511.87	491.62	535.36	499.36
Other Receivables	33.19	29.33	202.31	19.8	41.06	153.33
Inventory	378.71	343.62	399.54	395.1	378.35	374.57
Prepaid Expenses	-	0.87	3.16	1.9	4.16	4.3
Other Current Assets	312.21	198.9	187.42	192.84	271.86	262.46
Total Current Assets	1,693	1,770	2,118	1,868	2,168	2,161
Property, Plant & Equipment	2,067	2,084	2,107	2,139	2,150	2,145
Goodwill	1,188	1,188	1,194	1,195	1,198	1,201
Other Intangible Assets	148.17	149.86	122.05	126.56	116.03	114.29
Long-Term Investments	810.04	793.02	822.69	1,291	1,184	1,173
Long-Term Loans Receivable	-	-	23.93	77.98	92.25	-
Long-Term Deferred Tax Assets	150.3	150.64	148.46	145.62	153.64	133.74
Long-Term Deferred Charges	10.56	11.15	12.52	12.21	10.68	11.36
Long-Term Accounts Receivable	-	14.03	13.33	12.62	10.87	-
Other Long-Term Assets	92.07	76.32	85.23	87.23	91	98.71
Total Assets	6,159	6,237	6,647	6,956	7,175	7,038
Accounts Payable	618.21	742.8	830.28	748.62	1,051	1,049
Accrued Expenses	36.75	52.46	50.7	64.16	57.41	66.08
Short-Term Debt	920.94	709.63	838.53	1,166	1,253	1,228
Current Portion of Long-Term Debt	255.81	250.51	253.41	306.51	284.12	160.12
Current Unearned Revenue	488.79	575.41	682.36	598.04	604.04	646.04
Current Portion of Leases	-	5.79	8.95	9.18	9.94	11.53
Current Income Taxes Payable	40.34	32.98	19.65	22.02	10.53	15.33
Other Current Liabilities	77.16	105.39	103.45	94.34	159.02	243.23
Total Current Liabilities	2,438	2,475	2,787	3,009	3,429	3,419
Long-Term Debt	92.6	190.1	355.35	489.98	443.64	401.62
Long-Term Leases	43.24	42.72	48.31	54.03	64.5	72.34
Long-Term Unearned Revenue	9.27	9.44	10.12	10.81	11.49	16.67
Long-Term Deferred Tax Liabilities	138.21	138.31	138.96	139.79	130.11	106.38
Total Liabilities	2,721	2,856	3,340	3,703	4,078	4,016
Common Stock	880.08	880.08	880.08	880.08	880.08	880.08
Additional Paid-In Capital	954.83	954.83	955.53	953.54	952.52	952.65
Retained Earnings	1,190	1,154	1,048	979.22	843.43	721.49
Comprehensive Income & Other	68.39	65.45	74.36	71.1	52.39	59.12
Total Common Equity	3,093	3,054	2,958	2,884	2,728	2,613
Minority Interest	344.98	327.36	348.94	368.94	367.91	408.33
Shareholders' Equity	3,438	3,381	3,307	3,253	3,096	3,022
Total Liabilities & Equity	6,159	6,237	6,647	6,956	7,175	7,038
Total Debt	1,313	1,199	1,505	2,025	2,055	1,874
Net Cash (Debt)	-864.62	-535.93	-690.79	-1,258	-1,118	-1,007
Net Cash Per Share	-0.98	-0.61	-0.78	-1.43	-1.26	-1.14
Filing Date Shares Outstanding	880	880.08	880.08	880.08	880.08	880.08
Total Common Shares Outstanding	880	880.08	880.08	880.08	880.08	880.08
Working Capital	-745.03	-705.23	-669.28	-1,140	-1,260	-1,258
Book Value Per Share	3.51	3.47	3.36	3.28	3.10	2.97
Tangible Book Value	1,756	1,716	1,642	1,562	1,414	1,298
Tangible Book Value Per Share	2.00	1.95	1.87	1.77	1.61	1.47
Buildings	-	317.2	316.97	304.14	272.21	270.15
Machinery	-	613.49	653.91	659.28	683.56	709.57
Construction In Progress	-	100.64	85.09	118.11	128.4	159.33

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