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 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	420.19	442.28	615.63	529.44	1,331	1,380
Trading Asset Securities	-	-	40	-	-	-
Cash & Short-Term Investments	420.19	442.28	655.63	529.44	1,331	1,380
Cash Growth	-29.70%	-32.54%	23.83%	-60.22%	-3.60%	5.67%
Accounts Receivable	1,539	1,553	1,612	1,437	1,304	1,264
Other Receivables	86.42	112.16	107.19	75.44	59.88	82.3
Receivables	1,626	1,665	1,719	1,512	1,364	1,347
Inventory	976.4	974.53	973.75	1,079	1,510	1,129
Prepaid Expenses	-	-	-	-	0.83	-
Other Current Assets	38.19	35.85	37.44	58.58	405.82	136.47
Total Current Assets	3,060	3,118	3,386	3,179	4,611	3,992
Property, Plant & Equipment	416.22	432.54	469.85	604.83	592.04	901.05
Long-Term Investments	118.07	117.32	120.54	120.06	127.64	122
Goodwill	-	-	-	113.41	384.25	1,138
Other Intangible Assets	129.29	129.85	137.26	169.55	187.66	223.68
Long-Term Accounts Receivable	-	14.71	10.72	14.1	2.36	2.38
Long-Term Deferred Tax Assets	19.83	19.83	20.21	23.87	18.6	25.39
Long-Term Deferred Charges	13.67	14.36	17.79	23.32	28.45	6.39
Other Long-Term Assets	49.26	21.67	22.81	30.61	27.43	46.47
Total Assets	3,807	3,868	4,185	4,279	5,980	6,457
Accounts Payable	802.02	726.08	937.11	677.46	813.45	891.25
Accrued Expenses	66.08	158.36	137.71	143.16	131.97	157.67
Short-Term Debt	547.85	512.97	310.61	660.36	1,551	1,251
Current Portion of Long-Term Debt	279.78	200.86	534.46	7.81	-	-
Current Portion of Leases	-	8.94	9.34	17.46	10.84	15.09
Current Income Taxes Payable	47.75	3.35	0.85	0.5	2.35	15.99
Current Unearned Revenue	370.24	427.84	367.37	455.86	355.21	149
Other Current Liabilities	328.58	357.83	285.66	146.22	1,087	170.23
Total Current Liabilities	2,442	2,396	2,583	2,109	3,952	2,651
Long-Term Debt	58.94	157.45	277.7	513.58	-	38.98
Long-Term Leases	33.35	34.24	32.72	77.41	30.67	36.35
Long-Term Unearned Revenue	25.49	25.49	39.12	41.83	85.71	74.2
Long-Term Deferred Tax Liabilities	0.01	0.01	0.09	3.81	6.4	8.42
Other Long-Term Liabilities	2.9	2.6	3.46	1.89	7.55	-
Total Liabilities	2,563	2,616	2,936	2,747	4,082	2,808
Common Stock	663.06	663.06	663.06	661.28	662.99	659.95
Additional Paid-In Capital	1,497	1,497	1,497	1,494	1,484	1,578
Retained Earnings	-915.74	-908.23	-913.74	-625.66	-246.63	856.35
Treasury Stock	-	-	-	-	-9.2	-22.07
Comprehensive Income & Other	-0.6	0.47	2.61	2.59	6.72	-3.38
Total Common Equity	1,244	1,252	1,249	1,532	1,898	3,069
Minority Interest	-0.17	-0.16	-0.3	-0.32	-0.46	579.83
Shareholders' Equity	1,244	1,252	1,249	1,532	1,897	3,649
Total Liabilities & Equity	3,807	3,868	4,185	4,279	5,980	6,457
Total Debt	919.92	914.47	1,165	1,277	1,593	1,342
Net Cash (Debt)	-499.73	-472.18	-509.2	-747.17	-261.75	38.75
Net Cash Per Share	-0.75	-0.71	-0.78	-1.12	-0.40	0.06
Filing Date Shares Outstanding	663.06	663.06	663.06	661.28	656.53	659.76
Total Common Shares Outstanding	663.06	663.06	663.06	661.28	656.53	659.76
Working Capital	618.04	721.79	802.67	1,071	659.01	1,341
Book Value Per Share	1.88	1.89	1.88	2.32	2.89	4.65
Tangible Book Value	1,115	1,123	1,112	1,249	1,326	1,707
Tangible Book Value Per Share	1.68	1.69	1.68	1.89	2.02	2.59
Buildings	-	583.88	567.29	605.12	602.86	596.03
Machinery	-	320.63	341.29	373.63	346.6	386.01
Construction In Progress	-	2.85	-	-	13.42	276.56

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