GuangDong ShaoNeng Group 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	811.73	316.5	456.34	323.32	311.2	426.1
Short-Term Investments	-	-	-	0.22	2	2
Accounts Receivable	2,512	2,348	1,862	2,328	2,158	1,825
Other Receivables	158.28	115.88	85.37	49.19	25.9	112.22
Inventory	621.39	696.36	646.23	530.11	505.36	475.89
Prepaid Expenses	-	0.03	0.03	-	-	0.01
Other Current Assets	241.64	203.65	168.84	142.39	183.97	224.75
Total Current Assets	4,345	3,681	3,218	3,373	3,186	3,066
Property, Plant & Equipment	8,333	8,435	8,868	8,969	9,290	9,282
Other Intangible Assets	332.25	335.59	360.28	361.04	373.52	331.72
Long-Term Investments	36.26	36.26	36.16	42.73	44.21	39.49
Long-Term Deferred Tax Assets	153.1	157.33	180.99	214.76	124.69	60.02
Long-Term Deferred Charges	17.73	14.29	16.92	19.78	27.34	39.23
Other Long-Term Assets	111.5	137.03	113.87	94.01	112.67	146.81
Total Assets	13,329	12,796	12,794	13,074	13,159	12,965
Accounts Payable	601.41	513	635.72	667.59	539.49	498.21
Accrued Expenses	27.95	71.65	72.9	56.95	54.45	52.44
Short-Term Debt	1,270	1,012	1,279	1,527	1,204	873.64
Current Portion of Long-Term Debt	741.35	853.5	844.96	840.96	794.16	857.4
Current Unearned Revenue	46.14	41.08	30.45	25.63	23.92	12.54
Current Portion of Leases	-	11.8	5.16	1.19	0.12	4.09
Current Income Taxes Payable	48.01	4.31	3.66	12.92	4.27	10.26
Other Current Liabilities	425.9	461.76	400.98	386.13	448.01	447.25
Total Current Liabilities	3,161	2,970	3,273	3,519	3,069	2,756
Long-Term Debt	5,453	5,135	4,515	4,636	4,837	4,704
Long-Term Leases	63.34	62.59	69.68	3.53	1.77	1.64
Long-Term Unearned Revenue	251.47	264.8	272.49	293.96	324.08	379.99
Long-Term Deferred Tax Liabilities	0.14	0.14	0.14	0.15	0.49	0.31
Other Long-Term Liabilities	6.87	5.49	7.38	9.78	42.2	97.75
Total Liabilities	8,936	8,438	8,138	8,462	8,274	7,940
Common Stock	1,064	1,064	1,081	1,081	1,081	1,081
Additional Paid-In Capital	1,510	1,504	1,583	1,583	1,581	1,581
Retained Earnings	1,599	1,589	1,694	1,617	1,883	2,011
Treasury Stock	-43.98	-43.98	-46.63	-	-	-
Comprehensive Income & Other	4.02	-1.87	-2.67	0.97	0.22	-1.26
Total Common Equity	4,134	4,111	4,308	4,282	4,545	4,672
Minority Interest	259.03	247.43	348	330.1	339.19	353.38
Shareholders' Equity	4,393	4,358	4,657	4,612	4,885	5,026
Total Liabilities & Equity	13,329	12,796	12,794	13,074	13,159	12,965
Total Debt	7,528	7,076	6,714	7,009	6,837	6,441
Net Cash (Debt)	-6,717	-6,759	-6,258	-6,686	-6,524	-6,013
Net Cash Per Share	-6.29	-6.31	-5.71	-6.28	-6.15	-5.56
Filing Date Shares Outstanding	1,045	1,048	1,062	1,081	1,081	1,081
Total Common Shares Outstanding	1,045	1,048	1,062	1,081	1,081	1,081
Working Capital	1,184	711.25	-54.76	-145.9	117.37	310.11
Book Value Per Share	3.95	3.92	4.06	3.96	4.21	4.32
Tangible Book Value	3,801	3,775	3,948	3,921	4,172	4,340
Tangible Book Value Per Share	3.64	3.60	3.72	3.63	3.86	4.02
Buildings	-	7,312	7,369	7,327	7,260	6,965
Machinery	-	8,100	7,765	7,475	7,252	6,548
Construction In Progress	-	40.87	197.97	118.76	188.68	633.16