Shanghai STEP Electric 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	493.15	615.63	529.44	1,331	1,380	1,161
Trading Asset Securities	-	40	-	-	-	144.96
Cash & Short-Term Investments	493.15	655.63	529.44	1,331	1,380	1,306
Cash Growth	-13.80%	23.83%	-60.22%	-3.60%	5.67%	-17.97%
Accounts Receivable	1,577	1,612	1,437	1,304	1,264	1,270
Other Receivables	116.78	107.19	75.44	59.88	82.3	126.05
Receivables	1,694	1,719	1,512	1,364	1,347	1,396
Inventory	955.18	973.75	1,079	1,510	1,129	803.44
Prepaid Expenses	-	-	-	0.83	-	-
Other Current Assets	63.92	37.44	58.58	405.82	136.47	209.91
Total Current Assets	3,206	3,386	3,179	4,611	3,992	3,716
Property, Plant & Equipment	423.04	469.85	604.83	592.04	901.05	775.6
Long-Term Investments	120.56	120.54	120.06	127.64	122	129.47
Goodwill	-	-	113.41	384.25	1,138	1,138
Other Intangible Assets	134.31	137.26	169.55	187.66	223.68	243.4
Long-Term Accounts Receivable	-	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	14.78	17.79	23.32	28.45	6.39	6.28
Other Long-Term Assets	32.08	22.81	30.61	27.43	46.47	32.08
Total Assets	3,951	4,185	4,279	5,980	6,457	6,064
Accounts Payable	852.55	910.21	677.46	813.45	891.25	707.28
Accrued Expenses	97.19	148.51	143.16	131.97	157.67	149.35
Short-Term Debt	434.25	310.61	660.36	1,551	1,251	770
Current Portion of Long-Term Debt	236.96	534.46	7.81	-	-	-
Current Portion of Leases	-	9.34	17.46	10.84	15.09	-
Current Income Taxes Payable	45.52	0.85	0.5	2.35	15.99	11.64
Current Unearned Revenue	406.45	367.37	455.86	355.21	149	130.62
Other Current Liabilities	333.4	301.75	146.22	1,087	170.23	115.48
Total Current Liabilities	2,406	2,583	2,109	3,952	2,651	1,884
Long-Term Debt	233.44	277.7	513.58	-	38.98	813.91
Long-Term Leases	22.17	32.72	77.41	30.67	36.35	-
Long-Term Unearned Revenue	33.28	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	4.25	3.46	1.89	7.55	-	-
Total Liabilities	2,700	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	-909.39	-913.74	-625.66	-246.63	856.35	731.1
Treasury Stock	-	-	-	-9.2	-22.07	-21.9
Comprehensive Income & Other	0.56	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	-0.16	-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	3,951	4,185	4,279	5,980	6,457	6,064
Total Debt	926.81	1,165	1,277	1,593	1,342	1,584
Net Cash (Debt)	-433.66	-509.2	-747.17	-261.75	38.75	-277.51
Net Cash Per Share	-0.66	-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	799.45	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	1,117	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	-	567.29	605.12	602.86	596.03	585.76
Machinery	-	341.29	373.63	346.6	386.01	389.6
Construction In Progress	-	-	-	13.42	276.56	171.11

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