Shennan Circuits 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	998.45	1,553	852.68	1,913	619.6
Trading Asset Securities	-	-	590.31	270.92	-
Cash & Short-Term Investments	998.45	1,553	1,443	2,184	619.6
Cash Growth	-35.72%	7.65%	-33.94%	252.55%	-7.80%
Accounts Receivable	6,669	5,082	3,895	3,767	3,858
Other Receivables	81.31	41.96	35.24	37.95	36.59
Receivables	6,750	5,124	3,931	3,805	3,895
Inventory	5,140	3,395	2,686	2,341	2,527
Other Current Assets	765.46	781.82	536.7	247.42	229.48
Total Current Assets	13,654	10,854	8,597	8,578	7,270
Property, Plant & Equipment	15,251	13,293	12,802	10,692	8,467
Long-Term Investments	87.39	75.87	77.05	65.48	64.79
Other Intangible Assets	638.63	585.47	544.23	557.46	407.42
Long-Term Deferred Tax Assets	258.58	186.5	272.38	213.59	90.87
Long-Term Deferred Charges	191.91	119.99	109.7	156.31	182.54
Other Long-Term Assets	501.24	187.42	205.12	469.59	309.42
Total Assets	30,583	25,302	22,607	20,732	16,792
Accounts Payable	5,625	4,349	3,210	2,931	3,254
Accrued Expenses	946.83	630.4	479.04	485	443.9
Short-Term Debt	15.01	10.01	400.3	-	350.34
Current Portion of Long-Term Debt	801.45	701.14	348.11	1,464	562.55
Current Portion of Leases	14.12	4.8	9.01	13.48	12
Current Income Taxes Payable	179.75	12.97	0.19	1.29	55.28
Current Unearned Revenue	174.44	210.36	213.89	96.06	72.19
Other Current Liabilities	2,267	1,570	1,764	1,718	1,197
Total Current Liabilities	10,024	7,489	6,425	6,708	5,948
Long-Term Debt	2,679	2,577	2,407	1,175	1,968
Long-Term Leases	48.12	4.44	19.59	25.67	33.59
Long-Term Unearned Revenue	525.28	470.75	371.64	355.98	316.9
Long-Term Deferred Tax Liabilities	125.61	114.89	197.07	212.54	6.58
Total Liabilities	13,402	10,656	9,420	8,477	8,272
Common Stock	666.74	512.88	512.88	512.88	489.21
Additional Paid-In Capital	6,042	6,196	6,190	6,189	3,675
Retained Earnings	10,357	7,851	6,435	5,550	4,395
Treasury Stock	-	-	-	-35.89	-75.18
Comprehensive Income & Other	83.09	57.23	46.37	35.68	32.93
Total Common Equity	17,149	14,617	13,184	12,252	8,517
Minority Interest	31.1	28.88	3.17	3.47	3.13
Shareholders' Equity	17,181	14,646	13,187	12,255	8,520
Total Liabilities & Equity	30,583	25,302	22,607	20,732	16,792
Total Debt	3,558	3,297	3,184	2,677	2,926
Net Cash (Debt)	-2,559	-1,744	-1,741	-493.08	-2,307
Net Cash Per Share	-3.84	-2.62	-2.61	-0.74	-3.61
Filing Date Shares Outstanding	666.74	666.74	666.74	666.74	635.97
Total Common Shares Outstanding	666.74	666.74	666.74	666.74	635.97
Working Capital	3,630	3,365	2,172	1,869	1,323
Book Value Per Share	25.72	21.92	19.77	18.38	13.39
Tangible Book Value	16,511	14,032	12,640	11,694	8,110
Tangible Book Value Per Share	24.76	21.04	18.96	17.54	12.75
Buildings	6,846	5,889	4,277	3,563	3,043
Machinery	12,767	11,612	9,998	8,894	7,500
Construction In Progress	1,851	887.79	2,693	1,517	634.4

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