Shanghai STEP Electric Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	442.28	615.63	529.44	1,331	1,380
Trading Asset Securities	-	40	-	-	-
Cash & Short-Term Investments	442.28	655.63	529.44	1,331	1,380
Cash Growth	-32.54%	23.83%	-60.22%	-3.60%	5.67%
Accounts Receivable	1,553	1,612	1,437	1,304	1,264
Other Receivables	112.16	107.19	75.44	59.88	82.3
Receivables	1,665	1,719	1,512	1,364	1,347
Inventory	974.53	973.75	1,079	1,510	1,129
Prepaid Expenses	-	-	-	0.83	-
Other Current Assets	35.85	37.44	58.58	405.82	136.47
Total Current Assets	3,118	3,386	3,179	4,611	3,992
Property, Plant & Equipment	432.54	469.85	604.83	592.04	901.05
Long-Term Investments	117.32	120.54	120.06	127.64	122
Goodwill	-	-	113.41	384.25	1,138
Other Intangible Assets	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	20.21	23.87	18.6	25.39
Long-Term Deferred Charges	14.36	17.79	23.32	28.45	6.39
Other Long-Term Assets	21.67	22.81	30.61	27.43	46.47
Total Assets	3,868	4,185	4,279	5,980	6,457
Accounts Payable	726.08	937.11	677.46	813.45	891.25
Accrued Expenses	158.36	137.71	143.16	131.97	157.67
Short-Term Debt	512.97	310.61	660.36	1,551	1,251
Current Portion of Long-Term Debt	200.86	534.46	7.81	-	-
Current Portion of Leases	8.94	9.34	17.46	10.84	15.09
Current Income Taxes Payable	3.35	0.85	0.5	2.35	15.99
Current Unearned Revenue	427.84	367.37	455.86	355.21	149
Other Current Liabilities	357.83	285.66	146.22	1,087	170.23
Total Current Liabilities	2,396	2,583	2,109	3,952	2,651
Long-Term Debt	157.45	277.7	513.58	-	38.98
Long-Term Leases	34.24	32.72	77.41	30.67	36.35
Long-Term Unearned Revenue	25.49	39.12	41.83	85.71	74.2
Long-Term Deferred Tax Liabilities	0.01	0.09	3.81	6.4	8.42
Other Long-Term Liabilities	2.6	3.46	1.89	7.55	-
Total Liabilities	2,616	2,936	2,747	4,082	2,808
Common Stock	663.06	663.06	661.28	662.99	659.95
Additional Paid-In Capital	1,497	1,497	1,494	1,484	1,578
Retained Earnings	-908.23	-913.74	-625.66	-246.63	856.35
Treasury Stock	-	-	-	-9.2	-22.07
Comprehensive Income & Other	0.47	2.61	2.59	6.72	-3.38
Total Common Equity	1,252	1,249	1,532	1,898	3,069
Minority Interest	-0.16	-0.3	-0.32	-0.46	579.83
Shareholders' Equity	1,252	1,249	1,532	1,897	3,649
Total Liabilities & Equity	3,868	4,185	4,279	5,980	6,457
Total Debt	914.47	1,165	1,277	1,593	1,342
Net Cash (Debt)	-472.18	-509.2	-747.17	-261.75	38.75
Net Cash Per Share	-0.71	-0.78	-1.12	-0.40	0.06
Filing Date Shares Outstanding	663.06	663.06	661.28	656.53	659.76
Total Common Shares Outstanding	663.06	663.06	661.28	656.53	659.76
Working Capital	721.79	802.67	1,071	659.01	1,341
Book Value Per Share	1.89	1.88	2.32	2.89	4.65
Tangible Book Value	1,123	1,112	1,249	1,326	1,707
Tangible Book Value Per Share	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

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.