Shanghai STEP Electric Corporation (SHE:002527)

Shanghai STEP Electric 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Cash & Equivalents	415.17	615.63	529.44	1,331	1,380	1,161
Trading Asset Securities	-	40	-	-	-	144.96
Cash & Short-Term Investments	415.17	655.63	529.44	1,331	1,380	1,306
Cash Growth	-45.47%	23.83%	-60.22%	-3.60%	5.67%	-17.97%
Accounts Receivable	1,545	1,612	1,437	1,304	1,264	1,270
Other Receivables	96.09	107.19	75.44	59.88	82.3	126.05
Receivables	1,641	1,719	1,512	1,364	1,347	1,396
Inventory	1,086	973.75	1,079	1,510	1,129	803.44
Prepaid Expenses	-	-	-	0.83	-	-
Other Current Assets	64.81	37.44	58.58	405.82	136.47	209.91
Total Current Assets	3,207	3,386	3,179	4,611	3,992	3,716
Property, Plant & Equipment	445.56	469.85	604.83	592.04	901.05	775.6
Long-Term Investments	121.56	120.54	120.06	127.64	122	129.47
Goodwill	-	-	113.41	384.25	1,138	1,138
Other Intangible Assets	134.44	137.26	169.55	187.66	223.68	243.4
Long-Term Accounts Receivable	11.14	10.72	14.1	2.36	2.38	1.95
Long-Term Deferred Tax Assets	20.21	20.21	23.87	18.6	25.39	21.46
Long-Term Deferred Charges	14.9	17.79	23.32	28.45	6.39	6.28
Other Long-Term Assets	20.6	22.81	30.61	27.43	46.47	32.08
Total Assets	3,976	4,185	4,279	5,980	6,457	6,064
Accounts Payable	857.45	910.21	677.46	813.45	891.25	707.28
Accrued Expenses	110.85	148.51	143.16	131.97	157.67	149.35
Short-Term Debt	411.64	310.61	660.36	1,551	1,251	770
Current Portion of Long-Term Debt	25.12	534.46	7.81	-	-	-
Current Portion of Leases	8.16	9.34	17.46	10.84	15.09	-
Current Income Taxes Payable	1.3	0.85	0.5	2.35	15.99	11.64
Current Unearned Revenue	458.3	367.37	455.86	355.21	149	130.62
Other Current Liabilities	311.82	301.75	146.22	1,087	170.23	115.48
Total Current Liabilities	2,185	2,583	2,109	3,952	2,651	1,884
Long-Term Debt	470.04	277.7	513.58	-	38.98	813.91
Long-Term Leases	30.05	32.72	77.41	30.67	36.35	-
Long-Term Unearned Revenue	30.43	39.12	41.83	85.71	74.2	77.53
Long-Term Deferred Tax Liabilities	0.09	0.09	3.81	6.4	8.42	11.53
Other Long-Term Liabilities	9.89	3.46	1.89	7.55	-	-
Total Liabilities	2,725	2,936	2,747	4,082	2,808	2,787
Common Stock	663.06	663.06	661.28	662.99	659.95	620.21
Additional Paid-In Capital	1,497	1,497	1,494	1,484	1,578	1,211
Retained Earnings	-911.87	-913.74	-625.66	-246.63	856.35	731.1
Treasury Stock	-	-	-	-9.2	-22.07	-21.9
Comprehensive Income & Other	2.6	2.61	2.59	6.72	-3.38	168.63
Total Common Equity	1,251	1,249	1,532	1,898	3,069	2,709
Minority Interest	-0.2	-0.3	-0.32	-0.46	579.83	567.55
Shareholders' Equity	1,251	1,249	1,532	1,897	3,649	3,277
Total Liabilities & Equity	3,976	4,185	4,279	5,980	6,457	6,064
Total Debt	945.01	1,165	1,277	1,593	1,342	1,584
Net Cash (Debt)	-529.84	-509.2	-747.17	-261.75	38.75	-277.51
Net Cash Per Share	-0.81	-0.78	-1.12	-0.40	0.06	-0.45
Filing Date Shares Outstanding	663.06	663.06	661.28	656.53	659.76	616.63
Total Common Shares Outstanding	663.06	663.06	661.28	656.53	659.76	616.63
Working Capital	1,023	802.67	1,071	659.01	1,341	1,832
Book Value Per Share	1.89	1.88	2.32	2.89	4.65	4.39
Tangible Book Value	1,116	1,112	1,249	1,326	1,707	1,328
Tangible Book Value Per Share	1.68	1.68	1.89	2.02	2.59	2.15
Buildings	567.62	567.29	605.12	602.86	596.03	585.76
Machinery	342.63	341.29	373.63	346.6	386.01	389.6
Construction In Progress	0.31	-	-	13.42	276.56	171.11

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