SHE:000151 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	992.66	1,033	1,159	1,417	1,134	1,120
Cash & Short-Term Investments	992.66	1,033	1,159	1,417	1,134	1,120
Cash Growth	-6.08%	-10.95%	-18.15%	24.96%	1.18%	31.80%
Accounts Receivable	837.1	516.24	499.11	743.66	1,926	985.59
Other Receivables	112.38	63.75	45.14	196.2	364.06	108.01
Receivables	949.48	579.98	544.25	939.86	2,290	1,094
Inventory	98.09	132.67	124.69	127.78	140.32	352.01
Prepaid Expenses	-	0.92	10.45	16.86	13.91	-
Other Current Assets	91.2	122.09	190.21	143.58	160.42	164.84
Total Current Assets	2,131	1,868	2,029	2,645	3,738	2,731
Property, Plant & Equipment	407.29	63.52	125.49	100.58	94.99	104.49
Long-Term Investments	6.69	6.68	6.65	6.57	5.69	5.25
Goodwill	-	-	-	131.7	247.2	408.95
Other Intangible Assets	13.86	14.19	31.39	33.56	28.96	30.02
Long-Term Deferred Tax Assets	50.54	50.66	29.9	80.8	108.82	45.64
Long-Term Deferred Charges	-	-	3.25	1.62	2.05	6.23
Other Long-Term Assets	243.28	248.75	123.68	302.3	323.78	341.74
Total Assets	2,853	2,252	2,349	3,302	4,550	3,673
Accounts Payable	1,003	740.52	814.8	925.58	1,322	633.29
Accrued Expenses	30.09	42.37	60.38	76.51	66.95	72.49
Short-Term Debt	443.35	461.11	574.95	870.25	1,201	895.37
Current Portion of Long-Term Debt	25.62	0.03	0.01	0.01	0.76	-
Current Portion of Leases	-	2.24	21.54	14.88	10.13	13.86
Current Income Taxes Payable	2.32	19.36	5.14	8.34	7.23	8.26
Current Unearned Revenue	245.48	264.1	417.88	371.82	537.81	418.32
Other Current Liabilities	87.85	87.23	89.42	97.15	116.24	118.47
Total Current Liabilities	1,838	1,617	1,984	2,365	3,262	2,160
Long-Term Debt	231.43	10	10	10	-	0.69
Long-Term Leases	1.98	0.82	36.11	22.49	30.69	27.02
Pension & Post-Retirement Benefits	29	29.61	33.19	29.43	31.51	32.3
Long-Term Deferred Tax Liabilities	4.04	4.4	5.62	7.31	9.95	10.8
Other Long-Term Liabilities	-	-	0.89	16.91	0.12	4.81
Total Liabilities	2,104	1,662	2,070	2,451	3,335	2,236
Common Stock	350.91	337.37	337.37	337.37	337.37	337.37
Additional Paid-In Capital	1,079	993.08	993.08	993.08	846.11	614.18
Retained Earnings	-558.5	-606.31	-965.88	-660.33	-397.68	-65.43
Comprehensive Income & Other	4.05	-4.34	5.47	-6.64	-1.05	9.06
Total Common Equity	875.6	719.8	370.04	663.48	784.75	895.18
Minority Interest	-126.77	-129.56	-90.54	187.58	430.72	542.29
Shareholders' Equity	748.83	590.24	279.5	851.06	1,215	1,437
Total Liabilities & Equity	2,853	2,252	2,349	3,302	4,550	3,673
Total Debt	702.38	474.2	642.61	917.63	1,242	936.94
Net Cash (Debt)	290.28	558.37	516.87	498.9	-108.71	183.44
Net Cash Growth	-32.86%	8.03%	3.60%	-	-	-60.80%
Net Cash Per Share	0.86	1.66	1.53	1.48	-0.32	0.58
Filing Date Shares Outstanding	350.91	337.37	337.37	337.37	337.37	337.37
Total Common Shares Outstanding	350.91	337.37	337.37	337.37	337.37	337.37
Working Capital	293.62	251.27	44.95	280.07	476.25	570.77
Book Value Per Share	2.50	2.13	1.10	1.97	2.33	2.65
Tangible Book Value	861.74	705.61	338.65	498.22	508.59	456.22
Tangible Book Value Per Share	2.46	2.09	1.00	1.48	1.51	1.35
Buildings	-	48.62	48.62	48.62	39.98	76.32
Machinery	-	70.9	82.84	78.41	66.36	88.61
Construction In Progress	-	-	-	-	-	0.02