Shanghai Hi-Road Food Technology Co., Ltd. (SHE:300915)

SHE:300915 Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Jan 1, 2022	Dec 31, 2020
Cash & Equivalents	481.42	312.51	570.69	314.88	342.41	1,229
Trading Asset Securities	320.53	650.57	512	932.45	900.6	-
Cash & Short-Term Investments	801.95	963.07	1,083	1,247	1,243	1,229
Cash Growth	-11.32%	-11.05%	-13.20%	0.35%	1.13%	611.36%
Accounts Receivable	87.57	97.63	41.96	37.36	34.4	25.04
Other Receivables	3.04	2.72	2.41	1.65	0.76	0.64
Receivables	90.61	100.35	44.37	39.01	35.16	25.68
Inventory	146.57	115.87	154.82	183.36	137.59	64.51
Prepaid Expenses	-	0.91	1.51	1.78	0.89	1.48
Other Current Assets	19.98	14.99	11.63	8.16	7.59	5.37
Total Current Assets	1,059	1,195	1,295	1,480	1,424	1,326
Property, Plant & Equipment	566.49	551.55	276.21	170.41	130.78	130.78
Long-Term Investments	55.4	25	-	-	-	-
Other Intangible Assets	24.23	25.07	24.99	25.16	25.15	25.32
Long-Term Deferred Tax Assets	8.02	5.86	4.66	2.98	5.56	4.72
Long-Term Deferred Charges	5.67	6.59	5.75	-	-	-
Other Long-Term Assets	59.84	54.66	164.54	44.01	13.47	2.28
Total Assets	1,779	1,864	1,771	1,722	1,599	1,489
Accounts Payable	75.18	95.37	85.75	79.26	61.72	48.82
Accrued Expenses	24.49	59.68	51.43	45.01	56.27	36.14
Short-Term Debt	-	10	9.8	10	17.29	15
Current Portion of Leases	2.22	1.87	1.94	2.21	0.46	-
Current Income Taxes Payable	2.79	5.36	4.57	0.95	7.46	6.79
Current Unearned Revenue	12.13	20.89	44.12	68.69	44.46	42.14
Other Current Liabilities	20.48	23.79	17.02	10.28	9.19	13.16
Total Current Liabilities	137.3	216.96	214.63	216.4	196.85	162.04
Long-Term Leases	42.07	43.79	45.66	47.91	0.69	-
Long-Term Unearned Revenue	59.72	51.14	3.46	4.28	5.1	5.93
Long-Term Deferred Tax Liabilities	2.06	0.41	0.25	0.37	0.09	-
Other Long-Term Liabilities	0.04	0.04	0.04	0.04	0.04	0.04
Total Liabilities	241.2	312.35	264.05	269.01	202.77	168.01
Common Stock	125.84	90	90	90	90	60
Additional Paid-In Capital	926.98	959.62	967.19	967.19	967.19	997.19
Retained Earnings	477.72	529.07	454.25	400.74	343.43	267
Treasury Stock	-17.08	-22.84	-	-	-	-
Comprehensive Income & Other	24.29	-4.15	-4.34	-4.75	-4.2	-2.97
Total Common Equity	1,538	1,552	1,507	1,453	1,396	1,321
Minority Interest	-0.19	-0.12	0	0	0	0
Shareholders' Equity	1,538	1,552	1,507	1,453	1,396	1,321
Total Liabilities & Equity	1,779	1,864	1,771	1,722	1,599	1,489
Total Debt	44.29	55.66	57.4	60.12	18.44	15
Net Cash (Debt)	757.66	907.41	1,025	1,187	1,225	1,214
Net Cash Growth	-10.68%	-11.50%	-13.64%	-3.05%	0.86%	603.71%
Net Cash Per Share	6.33	7.26	8.14	9.42	9.72	11.37
Filing Date Shares Outstanding	79.57	125.44	125.84	126	126	126
Total Common Shares Outstanding	79.57	125.44	126	126	126	126
Working Capital	921.8	978.24	1,080	1,263	1,227	1,164
Book Value Per Share	19.32	12.37	11.96	11.53	11.08	10.49
Tangible Book Value	1,514	1,527	1,482	1,428	1,371	1,296
Tangible Book Value Per Share	19.02	12.17	11.76	11.33	10.88	10.28
Land	-	3.96	3.96	3.96	3.96	3.96
Buildings	-	67.71	55.63	56.33	57.27	56.4
Machinery	-	247.56	180.53	151.29	142.88	114.58
Construction In Progress	-	326.92	106.04	8.46	12.45	31.08

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