Shennan Circuits 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	1,149	998.45	1,553	852.68	1,913	619.6
Trading Asset Securities	-	-	-	590.31	270.92	-
Cash & Short-Term Investments	1,149	998.45	1,553	1,443	2,184	619.6
Cash Growth	-32.71%	-35.72%	7.65%	-33.94%	252.55%	-7.80%
Accounts Receivable	6,993	6,669	5,082	3,895	3,767	3,858
Other Receivables	78.14	81.31	41.96	35.24	37.95	36.59
Receivables	7,071	6,750	5,124	3,931	3,805	3,895
Inventory	6,501	5,140	3,395	2,686	2,341	2,527
Other Current Assets	842.09	765.46	781.82	536.7	247.42	229.48
Total Current Assets	15,564	13,654	10,854	8,597	8,578	7,270
Property, Plant & Equipment	16,486	15,251	13,293	12,802	10,692	8,467
Long-Term Investments	87.34	87.39	75.87	77.05	65.48	64.79
Other Intangible Assets	629.9	638.63	585.47	544.23	557.46	407.42
Long-Term Deferred Tax Assets	263.82	258.58	186.5	272.38	213.59	90.87
Long-Term Deferred Charges	180.35	191.91	119.99	109.7	156.31	182.54
Other Long-Term Assets	1,139	501.24	187.42	205.12	469.59	309.42
Total Assets	34,351	30,583	25,302	22,607	20,732	16,792
Accounts Payable	6,222	5,625	4,349	3,210	2,931	3,254
Accrued Expenses	646.85	946.83	630.4	479.04	485	443.9
Short-Term Debt	55.03	15.01	10.01	400.3	-	350.34
Current Portion of Long-Term Debt	687.47	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	171.16	179.75	12.97	0.19	1.29	55.28
Current Unearned Revenue	354.4	174.44	210.36	213.89	96.06	72.19
Other Current Liabilities	4,298	2,267	1,570	1,764	1,718	1,197
Total Current Liabilities	12,434	10,024	7,489	6,425	6,708	5,948
Long-Term Debt	3,043	2,679	2,577	2,407	1,175	1,968
Long-Term Leases	74.53	48.12	4.44	19.59	25.67	33.59
Long-Term Unearned Revenue	524.61	525.28	470.75	371.64	355.98	316.9
Long-Term Deferred Tax Liabilities	151.53	125.61	114.89	197.07	212.54	6.58
Total Liabilities	16,228	13,402	10,656	9,420	8,477	8,272
Common Stock	681.17	666.74	512.88	512.88	512.88	489.21
Additional Paid-In Capital	7,797	6,042	6,196	6,190	6,189	3,675
Retained Earnings	11,208	10,357	7,851	6,435	5,550	4,395
Treasury Stock	-1,655	-	-	-	-35.89	-75.18
Comprehensive Income & Other	59.5	83.09	57.23	46.37	35.68	32.93
Total Common Equity	18,090	17,149	14,617	13,184	12,252	8,517
Minority Interest	32.09	31.1	28.88	3.17	3.47	3.13
Shareholders' Equity	18,123	17,181	14,646	13,187	12,255	8,520
Total Liabilities & Equity	34,351	30,583	25,302	22,607	20,732	16,792
Total Debt	3,860	3,558	3,297	3,184	2,677	2,926
Net Cash (Debt)	-2,711	-2,559	-1,744	-1,741	-493.08	-2,307
Net Cash Per Share	-3.84	-3.84	-2.62	-2.61	-0.74	-3.61
Filing Date Shares Outstanding	681.17	666.74	666.74	666.74	666.74	635.97
Total Common Shares Outstanding	681.17	666.74	666.74	666.74	666.74	635.97
Working Capital	3,130	3,630	3,365	2,172	1,869	1,323
Book Value Per Share	26.56	25.72	21.92	19.77	18.38	13.39
Tangible Book Value	17,461	16,511	14,032	12,640	11,694	8,110
Tangible Book Value Per Share	25.63	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

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