Shanghai Morn Electric Equipment Co., Ltd. (SHE:002451)

SHE:002451 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	230.17	129.42	140.73	95.55	72.01	69.98
Trading Asset Securities	10.03	21.42	-	26.87	16.21	13.67
Cash & Short-Term Investments	240.2	150.84	140.73	122.43	88.23	83.64
Cash Growth	59.35%	7.18%	14.95%	38.76%	5.48%	-43.22%
Accounts Receivable	799.05	738.77	717.01	764.76	559.76	405.32
Other Receivables	16.62	12.69	21.82	39.11	62.64	45.86
Receivables	815.68	751.47	738.83	803.87	622.4	451.19
Inventory	183.5	166.01	155.31	153.36	145.57	79.08
Other Current Assets	158.03	16.3	29.32	11.18	16.9	5.87
Total Current Assets	1,397	1,085	1,064	1,091	873.09	619.78
Property, Plant & Equipment	451.2	434.35	369.64	321.42	283.92	395.04
Long-Term Investments	22.73	22.4	28.28	38.56	54.14	30.24
Other Intangible Assets	33.12	34.22	33.89	33.86	35.13	74.84
Long-Term Accounts Receivable	-	-	-	-	-	86.86
Long-Term Deferred Tax Assets	18.89	20.62	16.65	19.58	12.11	9.78
Long-Term Deferred Charges	1.48	1.87	0.38	0.59	0.64	0.75
Other Long-Term Assets	135	137.25	138.97	144.36	151.15	10.14
Total Assets	2,060	1,735	1,652	1,649	1,410	1,227
Accounts Payable	86.07	74.83	52.72	56.25	73.3	74.13
Accrued Expenses	13.49	16.5	17.28	19.13	24.98	17.24
Short-Term Debt	745.44	404.28	365.66	435.13	354.05	307.38
Current Portion of Long-Term Debt	27.48	132.75	32.25	8.63	-	-
Current Portion of Leases	-	2.72	1.21	1.9	1.9	-
Current Income Taxes Payable	0.8	2.26	0.53	4.76	0.77	3.05
Current Unearned Revenue	12.95	15.02	13.71	16.59	15.15	14.21
Other Current Liabilities	131.97	159.87	103.27	99.19	46.77	65.5
Total Current Liabilities	1,018	808.23	586.65	641.57	516.93	481.51
Long-Term Debt	115.1	20.15	164.23	103.9	-	-
Long-Term Leases	14.8	16.3	17.19	17.35	19.43	-
Long-Term Unearned Revenue	19.31	20.88	24.74	28.82	32.89	36.97
Long-Term Deferred Tax Liabilities	2.66	2.77	3.2	6.78	4.87	-
Other Long-Term Liabilities	-	-	-	-	-	2
Total Liabilities	1,170	868.32	796.01	798.42	574.12	520.48
Common Stock	440.67	439.2	439.2	439.2	439.2	439.2
Additional Paid-In Capital	72.5	68.41	68.41	68.41	68.41	68.41
Retained Earnings	264.03	261.37	244.49	228.33	210.1	197.25
Comprehensive Income & Other	-2.15	-4.04	3.34	11.41	26.86	-
Total Common Equity	775.06	764.95	755.45	747.35	744.57	704.86
Minority Interest	114.71	102.06	100.54	103.42	91.49	2.1
Shareholders' Equity	889.76	867.01	855.99	850.77	836.06	706.96
Total Liabilities & Equity	2,060	1,735	1,652	1,649	1,410	1,227
Total Debt	902.83	576.19	580.54	566.91	375.38	307.38
Net Cash (Debt)	-662.63	-425.35	-439.81	-444.48	-287.15	-223.74
Net Cash Per Share	-1.48	-0.95	-1.09	-0.91	-0.67	-0.60
Filing Date Shares Outstanding	440.67	439.2	439.2	439.2	439.2	439.2
Total Common Shares Outstanding	440.67	439.2	439.2	439.2	439.2	439.2
Working Capital	379.22	276.39	477.55	449.25	356.16	138.27
Book Value Per Share	1.76	1.74	1.72	1.70	1.70	1.60
Tangible Book Value	741.94	730.72	721.56	713.49	709.44	630.02
Tangible Book Value Per Share	1.68	1.66	1.64	1.62	1.62	1.43
Buildings	-	266.76	273.48	266.76	266.76	376.29
Machinery	-	359.64	286.39	241.39	227.77	228.96
Construction In Progress	-	122.49	90.61	64.93	9.85	1.74

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.