Shanxi Installation Group Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	2,219	2,627	2,637	1,381	1,041	814.81
Short-Term Investments	-	-	-	27.56	19.39	17.06
Cash & Short-Term Investments	2,219	2,627	2,637	1,408	1,060	831.88
Cash Growth	-15.54%	-0.37%	87.19%	32.88%	27.42%	-
Accounts Receivable	13,833	12,582	12,366	11,871	9,603	6,196
Other Receivables	769.69	751.41	789.06	518.46	439.79	440.24
Receivables	14,603	13,333	13,155	13,060	10,598	7,523
Inventory	459.37	298.11	188.24	146.24	141.62	246.67
Restricted Cash	-	-	-	748.11	328.98	269.65
Other Current Assets	949.14	931.23	1,081	739.17	969.03	707.11
Total Current Assets	18,230	17,189	17,060	16,102	13,097	9,578
Property, Plant & Equipment	1,399	1,435	1,419	1,143	996.87	868.12
Long-Term Investments	416.16	358.08	337.63	322.14	168.83	168.05
Goodwill	15	15	15	15	15	15
Other Intangible Assets	187.5	174.68	178.31	1.22	1.44	0.6
Long-Term Accounts Receivable	-	-	-	3,569	3,036	2,508
Long-Term Deferred Tax Assets	185.11	179.49	163.79	100.06	63.96	43.02
Long-Term Deferred Charges	5.63	0.19	2.28	-	-	-
Other Long-Term Assets	5,204	4,772	4,346	193.69	195.39	198.01
Total Assets	25,643	24,124	23,522	21,447	17,575	13,379
Accounts Payable	11,260	11,381	10,394	9,197	7,595	4,845
Accrued Expenses	87.62	82.08	80.2	1,055	1,038	821.46
Short-Term Debt	2,669	2,401	2,443	2,201	1,611	1,218
Current Portion of Long-Term Debt	496.25	-	-	510.4	428.1	315.19
Current Portion of Leases	-	-	-	4.5	3.6	3.38
Current Income Taxes Payable	61.95	57.55	64.85	32.7	15.81	32.75
Current Unearned Revenue	820.73	1,357	1,382	2,166	1,407	1,105
Other Current Liabilities	2,443	2,224	2,642	865.66	732.72	980.79
Total Current Liabilities	17,839	17,502	17,006	16,033	12,831	9,322
Long-Term Debt	4,038	2,971	3,072	2,987	2,585	2,133
Long-Term Leases	164.67	140.08	157.41	66.3	68.33	70.21
Long-Term Unearned Revenue	28.65	27	21.56	23	-	-
Pension & Post-Retirement Benefits	28.42	30.28	28.79	30.79	-	-
Long-Term Deferred Tax Liabilities	109.55	110.56	110.41	74.01	76.12	70.66
Total Liabilities	22,208	20,781	20,397	19,214	15,561	11,595
Common Stock	1,373	1,373	1,373	1,000	1,000	800
Retained Earnings	758.62	655.35	503.54	420.28	298.24	559.01
Comprehensive Income & Other	85.82	735.38	733.12	389.04	377.3	120.64
Total Common Equity	2,872	2,764	2,610	1,809	1,676	1,480
Minority Interest	563.53	579.14	515.66	423.6	338.53	304.44
Shareholders' Equity	3,436	3,343	3,126	2,233	2,014	1,784
Total Liabilities & Equity	25,643	24,124	23,522	21,447	17,575	13,379
Total Debt	7,368	5,512	5,673	5,770	4,696	3,739
Net Cash (Debt)	-5,149	-2,885	-3,036	-4,361	-3,636	-2,908
Net Cash Per Share	-3.75	-2.10	-2.92	-4.36	-4.20	-4.15
Filing Date Shares Outstanding	1,373	1,373	1,373	1,000	866.67	700
Total Common Shares Outstanding	1,373	1,373	1,373	1,000	866.67	700
Working Capital	391.69	-312.54	54	69.59	266.4	256.81
Book Value Per Share	2.09	2.01	1.90	1.81	1.93	2.11
Tangible Book Value	2,670	2,575	2,417	1,793	1,659	1,464
Tangible Book Value Per Share	1.94	1.87	1.76	1.79	1.91	2.09
Buildings	-	728.09	610.96	387.41	377.04	276.68
Machinery	-	557.06	384.1	808.31	794.76	777
Construction In Progress	-	203.91	413.23	294.19	81.57	32.55

Source: S&P Capital IQ. Standard template. Financial Sources.