SHANGHAI AEROSPACE AUTOMOBILE E

SHANGHAI AEROSPACE AUTOMOBILE E — Financial Statements

Annual Quarterly

5 10 All

Income Statement

Balance Sheet

Cash Flow

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020	FY 2019Dec 31, 2019	FY 2018Dec 31, 2018	FY 2017Dec 31, 2017	FY 2016Dec 31, 2016	FY 2015Dec 31, 2015	FY 2014Dec 31, 2014	FY 2013Dec 31, 2013	FY 2012Dec 31, 2012	FY 2011Dec 31, 2011	FY 2010Dec 31, 2010	FY 2009Dec 31, 2009	FY 2008Dec 31, 2008	FY 2007Dec 31, 2007	FY 2006Dec 31, 2006	FY 2005Dec 31, 2005
+Revenue	5.3B	9.2B	8.8B	6.3B	6.1B	6.9B	6.7B	6.7B	5.4B	4.0B	3.8B	3.4B	1.5B	2.4B	2.5B	1.3B	1.2B	1.4B	2.2B	1.8B
Revenue Growth %	-42.0%	4.8%	39.9%	3.3%	-11.8%	3.1%	0.7%	22.2%	34.9%	5.2%	14.3%	119.7%	-35.9%	-4.1%	90.0%	6.6%	-9.0%	-37.5%	20.0%	--
Total Revenue	5.3B	9.2B	8.8B	6.3B	6.1B	6.9B	6.7B	6.7B	5.4B	4.0B	3.8B	3.4B	1.5B	2.4B	2.5B	1.3B	1.2B	1.4B	2.2B	1.8B
Cost Of Revenue	4.8B	8.5B	8.1B	5.7B	5.5B	6.0B	5.9B	5.9B	4.5B	3.4B	3.1B	2.9B	1.9B	2.3B	2.2B	1.1B	1.0B	1.2B	1.9B	1.5B
+Gross Profit	509.0M	679.0M	684.0M	568.0M	627.0M	905.0M	800.0M	804.0M	919.0M	684.0M	733.0M	488.0M	-345.0M	73.0M	320.0M	245.0M	202.0M	151.0M	270.0M	348.0M
Gross Margin %	9.5%	7.4%	7.8%	9.0%	10.3%	13.1%	11.9%	12.1%	16.9%	16.9%	19.1%	14.5%	-22.6%	3.1%	12.9%	18.7%	16.4%	11.2%	12.5%	19.3%
Total Operating Cost	5.5B	9.6B	8.9B	6.4B	6.5B	7.7B	7.2B	7.2B	5.6B	4.1B	4.0B	3.4B	2.9B	2.9B	2.6B	1.4B	1.3B	1.4B	2.2B	1.7B
Selling Expenses	109.0M	232.0M	132.0M	106.0M	136.0M	344.0M	241.0M	227.0M	173.0M	115.0M	91.9M	102.0M	97.5M	58.4M	74.1M	28.3M	23.3M	24.4M	38.3M	50.9M
Admin Expenses	299.0M	330.0M	315.0M	303.0M	379.0M	456.0M	456.0M	436.0M	541.0M	390.0M	336.0M	312.0M	399.0M	287.0M	263.0M	198.0M	149.0M	128.0M	167.0M	196.0M
Rd Expenses	182.0M	254.0M	201.0M	171.0M	184.0M	277.0M	310.0M	302.0M	--	--	--	--	--	--	--	--	--	--	--	--
Finance Expenses	75.9M	50.5M	21.0M	42.4M	130.0M	71.5M	88.9M	167.0M	207.0M	167.0M	180.0M	91.4M	298.0M	175.0M	96.5M	53.0M	50.2M	17.9M	7.9M	3.6M
+Operating Income	-73.8M	-315.0M	-121.0M	64.5M	46.6M	-771.0M	26.5M	-280.0M	226.0M	153.0M	60.4M	170.0M	-1.3B	-115.0M	150.0M	89.7M	21.3M	53.9M	140.0M	129.0M
Operating Margin %	-1.4%	-3.4%	-1.4%	1.0%	0.8%	-11.2%	0.4%	-4.2%	4.1%	3.8%	1.6%	5.1%	-84.3%	-4.8%	6.0%	6.8%	1.7%	4.0%	6.5%	7.2%
Non Operating Income	10.5M	6.9M	4.2M	7.8M	43.8M	17.1M	24.8M	9.6M	32.5M	44.2M	29.3M	29.4M	53.2M	50.5M	24.0M	30.7M	25.0M	13.6M	5.1M	1.0M
Non Operating Expenses	509,700	304,300	4.0M	13.8M	4.8M	2.4M	6.5M	50.2M	8.3M	1.4M	2.9M	1.8M	3.6M	13.4M	6.0M	7.8M	2.6M	175,600	2.0M	826,300
Investment Income	91.8M	66.1M	25.0M	138.0M	455.0M	24.5M	533.0M	218.0M	331.0M	254.0M	213.0M	210.0M	79.2M	400.0M	305.0M	142.0M	76.2M	130.0M	92.8M	4.5M
Fair Value Change Income	-1.4M	-3.2M	-7.7M	-1.9M	4.0M	2.6M	-3.7M	277,200	--	--	--	--	--	--	--	--	--	--	--	--
Asset Disposal Income	451,500	4.7M	573,900	888,700	6.3M	5.4M	759,600	-302,700	--	--	--	--	--	--	--	--	--	--	--	--
Asset Impairment Loss	47.8M	254.0M	60.1M	27.5M	88.5M	522.0M	205.0M	181.0M	74.6M	90.4M	257.0M	10.5M	227.0M	63.7M	38.0M	13.8M	33.1M	54.4M	8.6M	--
Other Income	27.8M	11.1M	6.2M	12.4M	7.0M	8.4M	26.1M	39.1M	--	--	--	--	--	--	--	--	--	--	--	--
Income Before Tax	-63.7M	-309.0M	-121.0M	58.4M	85.6M	-756.0M	44.8M	-321.0M	250.0M	196.0M	86.8M	198.0M	-1.2B	-78.0M	168.0M	113.0M	43.8M	67.2M	143.0M	133.0M
Income Tax	24.7M	184.0M	13.5M	5.9M	-39.4M	1.8M	12.9M	27.6M	36.8M	15.5M	24.2M	10.0M	1.9M	31.1M	34.0M	18.8M	9.2M	10.2M	16.4M	19.4M
+Net Income	-88.5M	-493.0M	-135.0M	52.6M	125.0M	-758.0M	31.9M	-348.0M	213.0M	180.0M	62.6M	188.0M	-1.2B	-109.0M	134.0M	93.8M	34.5M	57.1M	127.0M	114.0M
Net Margin %	-1.7%	-5.3%	-1.5%	0.8%	2.1%	-11.0%	0.5%	-5.2%	3.9%	4.5%	1.6%	5.6%	-81.2%	-4.6%	5.4%	7.2%	2.8%	4.2%	5.9%	6.3%
Net Income Attributable	-71.2M	-426.0M	-104.0M	60.0M	172.0M	-752.0M	38.5M	-309.0M	202.0M	173.0M	36.4M	144.0M	-889.0M	14.8M	139.0M	77.5M	27.9M	54.1M	96.0M	64.6M
Minority Interest	-17.3M	-66.8M	-30.8M	-7.4M	-46.5M	-5.7M	-6.6M	-39.2M	11.2M	7.6M	26.2M	43.3M	-352.0M	-124.0M	-4.9M	16.3M	6.6M	2.9M	31.0M	49.3M
Eps Basic	-0.05	-0.30	-0.07	0.04	0.12	-0.52	0.03	-0.22	0.15	0.14	0.03	0.12	-0.84	0.02	0.16	0.10	0.04	0.07	0.13	--
Eps Diluted	-0.05	-0.30	-0.07	0.04	0.12	-0.52	0.03	-0.22	0.15	0.14	0.03	0.12	-0.84	0.02	0.16	0.10	0.04	0.07	0.13	--

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020	FY 2019Dec 31, 2019	FY 2018Dec 31, 2018	FY 2017Dec 31, 2017	FY 2016Dec 31, 2016	FY 2015Dec 31, 2015	FY 2014Dec 31, 2014	FY 2013Dec 31, 2013	FY 2012Dec 31, 2012	FY 2011Dec 31, 2011	FY 2010Dec 31, 2010	FY 2009Dec 31, 2009	FY 2008Dec 31, 2008	FY 2007Dec 31, 2007	FY 2006Dec 31, 2006	FY 2005Dec 31, 2005
Cash And Equivalents	1.3B	1.9B	1.7B	1.1B	1.0B	893.0M	1.0B	2.9B	2.7B	699.0M	755.0M	929.0M	1.0B	723.0M	594.0M	423.0M	460.0M	400.0M	424.0M	484.0M
Trading Financial Assets	--	1.4M	23.7M	1.9M	4.2M	--	48,500	277,200	--	--	--	--	--	--	--	--	--	--	--	37.1M
Accounts Receivable	1.6B	1.7B	1.9B	1.8B	1.7B	1.7B	1.9B	2.0B	1.8B	1.5B	1.2B	1.1B	1.1B	763.0M	456.0M	413.0M	184.0M	218.0M	168.0M	375.0M
Notes Receivable	31.6M	96.1M	4.2M	6.3M	32.0M	46.0M	319.0M	986.0M	1.0B	1.6B	604.0M	459.0M	59.2M	291.0M	220.0M	165.0M	48.5M	50.5M	47.3M	106.0M
Notes And Accounts Receivable	1.6B	1.8B	2.0B	1.8B	1.7B	1.7B	2.2B	3.0B	2.8B	3.2B	1.8B	1.5B	1.2B	1.1B	676.0M	577.0M	233.0M	269.0M	216.0M	481.0M
Prepayments	27.2M	138.0M	305.0M	144.0M	191.0M	202.0M	183.0M	87.2M	182.0M	194.0M	254.0M	278.0M	258.0M	221.0M	275.0M	140.0M	855.0M	31.6M	18.0M	40.9M
Inventory	474.0M	1.2B	965.0M	887.0M	642.0M	758.0M	851.0M	793.0M	756.0M	563.0M	591.0M	795.0M	590.0M	443.0M	523.0M	258.0M	348.0M	404.0M	484.0M	418.0M
Total Current Assets	3.7B	5.5B	5.4B	4.3B	4.0B	4.4B	4.7B	7.4B	6.9B	4.8B	3.7B	3.7B	3.1B	2.6B	2.2B	1.4B	1.9B	1.2B	1.1B	1.5B
Long Term Equity Investment	580.0M	559.0M	528.0M	498.0M	465.0M	447.0M	363.0M	83.4M	62.1M	334.0M	377.0M	372.0M	523.0M	496.0M	602.0M	608.0M	559.0M	679.0M	585.0M	209.0M
Fixed Assets	--	3.4B	3.4B	3.5B	4.0B	4.1B	3.7B	3.2B	3.8B	3.7B	2.8B	2.5B	5.8B	4.9B	2.6B	505.0M	407.0M	350.0M	355.0M	558.0M
Fixed Assets Total	2.9B	3.4B	3.4B	3.5B	4.0B	4.1B	3.7B	3.2B	3.8B	3.7B	2.8B	2.5B	5.8B	4.9B	2.6B	505.0M	407.0M	350.0M	355.0M	558.0M
Construction In Progress	--	174.0M	281.0M	319.0M	281.0M	365.0M	763.0M	937.0M	1.3B	940.0M	1.6B	532.0M	1.0B	1.4B	2.0B	2.7B	552.0M	74.9M	60.9M	112.0M
Construction In Progress Total	4.2M	174.0M	281.0M	319.0M	281.0M	366.0M	764.0M	969.0M	1.3B	942.0M	1.6B	532.0M	1.0B	1.4B	2.0B	2.7B	552.0M	74.9M	60.9M	112.0M
Intangible Assets	201.0M	237.0M	392.0M	278.0M	319.0M	440.0M	537.0M	511.0M	527.0M	231.0M	230.0M	222.0M	447.0M	401.0M	355.0M	320.0M	313.0M	70.0M	59.2M	45.3M
Long Term Deferred Expenses	90.3M	179.0M	194.0M	165.0M	193.0M	248.0M	233.0M	136.0M	175.0M	105.0M	86.6M	51.4M	26.0M	30.6M	30.0M	27.2M	26.9M	19.5M	7.6M	50.9M
Total Non Current Assets	4.6B	5.4B	5.8B	6.4B	6.6B	6.6B	6.8B	5.7B	6.9B	6.0B	5.5B	4.1B	8.1B	7.4B	5.7B	4.2B	1.9B	1.2B	1.1B	976.0M
Total Assets	8.3B	10.9B	11.2B	10.7B	10.6B	11.0B	11.5B	13.1B	13.8B	10.8B	9.2B	7.8B	11.1B	10.0B	7.9B	5.6B	3.8B	2.4B	2.2B	2.5B
Short Term Borrowings	365.0M	427.0M	923.0M	1.0B	1.2B	1.1B	868.0M	940.0M	520.0M	620.0M	375.0M	200.0M	1.9B	1.8B	739.0M	823.0M	863.0M	422.0M	198.0M	145.0M
Accounts Payable	723.0M	1.4B	1.1B	1.0B	1.0B	1.1B	1.0B	1.9B	2.1B	1.5B	1.3B	965.0M	1.5B	964.0M	521.0M	418.0M	153.0M	167.0M	205.0M	306.0M
Advance Receipts	94,500	--	--	--	--	146.0M	86.6M	74.7M	44.8M	73.1M	26.4M	31.5M	69.8M	40.2M	27.4M	36.0M	24.3M	19.9M	11.5M	5.3M
Contract Liabilities	32.0M	585.0M	728.0M	254.0M	160.0M	--	--	--	--	--	--	--	--	--	--	--	--	--	--	--
Total Current Liabilities	1.8B	4.1B	4.5B	3.8B	3.7B	3.9B	3.4B	6.0B	5.2B	4.3B	3.3B	2.2B	4.9B	3.6B	2.2B	1.3B	1.1B	626.0M	429.0M	646.0M
Long Term Borrowings	757.0M	818.0M	421.0M	502.0M	617.0M	750.0M	833.0M	1.0B	1.9B	1.8B	1.8B	1.6B	1.8B	2.6B	2.0B	1.9B	382.0M	120.0M	120.0M	--
Total Non Current Liabilities	1.2B	1.4B	937.0M	1.0B	1.0B	1.2B	1.3B	1.2B	2.4B	2.3B	2.0B	1.8B	2.1B	2.8B	2.1B	2.1B	473.0M	208.0M	200.0M	64.7M
Total Liabilities	3.0B	5.5B	5.4B	4.9B	4.7B	5.2B	4.8B	7.2B	7.5B	6.6B	5.4B	4.0B	6.9B	6.4B	4.3B	3.4B	1.6B	834.0M	629.0M	710.0M
Paid In Capital	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B	1.2B	1.2B	1.2B	1.2B	957.0M	957.0M	749.0M	749.0M	749.0M	749.0M	468.0M
Capital Reserve	4.9B	4.9B	4.9B	4.9B	4.9B	4.9B	4.9B	4.7B	4.7B	2.9B	2.9B	2.9B	2.9B	1.3B	1.3B	266.0M	589.0M	282.0M	282.0M	531.0M
Surplus Reserve	270.0M	270.0M	261.0M	257.0M	257.0M	257.0M	257.0M	257.0M	232.0M	222.0M	209.0M	209.0M	204.0M	204.0M	167.0M	141.0M	136.0M	132.0M	119.0M	207.0M
Retained Earnings	-1.7B	-1.6B	-1.2B	-1.1B	-1.1B	-1.3B	-613.0M	-652.0M	-253.0M	-383.0M	-543.0M	-547.0M	-686.0M	204.0M	244.0M	147.0M	93.7M	112.0M	146.0M	45.8M
Minority Equity	395.0M	419.0M	424.0M	447.0M	478.0M	504.0M	715.0M	119.0M	169.0M	62.8M	50.4M	22.6M	592.0M	923.0M	916.0M	981.0M	655.0M	270.0M	304.0M	500.0M
Equity Attributable	4.9B	4.9B	5.3B	5.4B	5.5B	5.3B	6.0B	5.7B	6.1B	4.1B	3.8B	3.8B	3.6B	2.6B	2.7B	1.3B	1.6B	1.3B	1.3B	1.3B
Total Equity	5.2B	5.4B	5.8B	5.9B	5.9B	5.8B	6.7B	5.8B	6.3B	4.2B	3.8B	3.8B	4.2B	3.6B	3.6B	2.3B	2.2B	1.5B	1.6B	1.8B

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020	FY 2019Dec 31, 2019	FY 2018Dec 31, 2018	FY 2017Dec 31, 2017	FY 2016Dec 31, 2016	FY 2015Dec 31, 2015	FY 2014Dec 31, 2014	FY 2013Dec 31, 2013	FY 2012Dec 31, 2012	FY 2011Dec 31, 2011	FY 2010Dec 31, 2010	FY 2009Dec 31, 2009	FY 2008Dec 31, 2008	FY 2007Dec 31, 2007	FY 2006Dec 31, 2006	FY 2005Dec 31, 2005
Cash From Sales	5.0B	9.6B	8.2B	6.0B	5.9B	7.1B	7.8B	6.7B	6.9B	3.7B	2.7B	2.3B	1.1B	1.9B	2.4B	1.1B	1.2B	1.1B	1.5B	1.8B
Tax Refunds Received	333.0M	307.0M	523.0M	288.0M	311.0M	208.0M	271.0M	138.0M	116.0M	38.1M	22.9M	236,000	34.6M	116.0M	71.4M	34.9M	130.0M	1.3M	2.1M	3.9M
Total Operating Cash Inflow	5.5B	10.2B	8.8B	6.4B	6.3B	7.5B	8.5B	7.0B	7.3B	3.8B	2.9B	2.4B	1.3B	2.1B	2.6B	1.2B	1.4B	1.1B	1.5B	1.8B
Cash Paid For Goods	4.3B	8.3B	6.7B	4.7B	4.8B	5.2B	6.3B	5.4B	5.0B	2.9B	1.8B	1.8B	1.2B	2.1B	2.5B	714.0M	1.0B	982.0M	1.4B	1.2B
Cash Paid To Employees	770.0M	793.0M	689.0M	680.0M	768.0M	926.0M	1.0B	706.0M	567.0M	432.0M	398.0M	337.0M	372.0M	314.0M	243.0M	157.0M	133.0M	115.0M	131.0M	169.0M
Taxes Paid	201.0M	227.0M	196.0M	89.9M	110.0M	145.0M	324.0M	305.0M	200.0M	74.8M	62.3M	41.1M	45.8M	78.5M	98.6M	62.4M	51.6M	50.8M	57.5M	93.9M
Total Operating Cash Outflow	5.7B	9.8B	8.0B	5.9B	6.2B	6.9B	8.7B	7.2B	6.3B	3.7B	2.6B	2.3B	1.9B	2.7B	3.1B	1.1B	1.3B	1.2B	1.7B	1.6B
Operating Cash Flow	-213.0M	470.0M	764.0M	472.0M	178.0M	559.0M	-176.0M	-150.0M	1.0B	123.0M	303.0M	115.0M	-571.0M	-583.0M	-484.0M	114.0M	131.0M	-97.1M	-138.0M	188.0M
Total Investing Cash Inflow	169.0M	161.0M	341.0M	259.0M	483.0M	78.8M	1.0B	1.0B	718.0M	1.4B	579.0M	872.0M	249.0M	465.0M	313.0M	146.0M	121.0M	205.0M	180.0M	31.1M
Total Investing Cash Outflow	267.0M	242.0M	223.0M	244.0M	377.0M	578.0M	2.1B	1.4B	1.9B	2.7B	2.1B	1.4B	978.0M	1.4B	1.6B	1.7B	1.2B	250.0M	133.0M	124.0M
Investing Cash Flow	-97.7M	-80.5M	118.0M	15.1M	105.0M	-499.0M	-1.0B	-324.0M	-1.2B	-1.2B	-1.5B	-486.0M	-729.0M	-887.0M	-1.3B	-1.6B	-1.1B	-44.9M	46.9M	-93.3M
Cash From Borrowings	1.4B	2.9B	3.2B	2.8B	3.3B	2.2B	2.6B	3.0B	1.7B	3.2B	2.2B	2.4B	4.0B	3.5B	2.8B	2.8B	1.7B	945.0M	488.0M	207.0M
Dividends And Interest Paid	60.0M	75.2M	66.5M	68.6M	90.5M	90.1M	153.0M	193.0M	316.0M	198.0M	182.0M	128.0M	338.0M	266.0M	211.0M	142.0M	107.0M	128.0M	249.0M	148.0M
Debt Repayments	1.6B	3.0B	3.4B	3.0B	3.4B	2.1B	3.0B	2.1B	1.6B	2.3B	969.0M	2.0B	3.9B	1.7B	2.3B	1.2B	1.2B	721.0M	261.0M	222.0M
Total Financing Cash Inflow	1.4B	3.0B	3.2B	2.8B	3.3B	2.3B	2.6B	3.0B	4.1B	3.5B	2.3B	2.4B	5.9B	3.9B	4.4B	2.8B	2.3B	972.0M	523.0M	250.0M
Total Financing Cash Outflow	1.7B	3.2B	3.6B	3.1B	3.5B	2.5B	3.2B	2.3B	2.0B	2.5B	1.2B	2.2B	4.3B	2.3B	2.5B	1.4B	1.3B	852.0M	510.0M	370.0M
Financing Cash Flow	-256.0M	-155.0M	-348.0M	-365.0M	-191.0M	-241.0M	-578.0M	700.0M	2.1B	998.0M	1.1B	231.0M	1.6B	1.6B	1.9B	1.4B	965.0M	120.0M	13.3M	-120.0M
Net Change In Cash	-577.0M	245.0M	566.0M	119.0M	89.8M	-182.0M	-1.8B	220.0M	2.0B	-109.0M	-146.0M	-143.0M	307.0M	85.1M	146.0M	-36.6M	39.5M	-23.6M	-77.8M	-26.7M
Ending Cash Balance	1.3B	1.8B	1.6B	1.0B	914.0M	824.0M	1.0B	2.8B	2.6B	604.0M	713.0M	817.0M	960.0M	654.0M	568.0M	423.0M	460.0M	400.0M	424.0M	--
Capex	107.0M	242.0M	223.0M	244.0M	377.0M	550.0M	1.2B	1.3B	1.3B	2.1B	1.8B	923.0M	846.0M	1.3B	1.5B	1.7B	1.2B	112.0M	114.0M	96.7M