SHE:000554 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	357.96	304.56	348.76	106.79	143.28	97.68
Cash & Short-Term Investments	357.96	304.56	348.76	106.79	143.28	97.68
Cash Growth	-13.71%	-12.67%	226.59%	-25.47%	46.68%	-57.41%
Accounts Receivable	7.97	0.07	0.04	0.01	0.33	3.16
Other Receivables	8.65	5.47	25.25	31.28	15.6	7.88
Receivables	16.63	5.54	25.29	31.29	15.92	11.04
Inventory	285.47	286.33	528.28	632.32	780.59	330.61
Other Current Assets	13.85	26.6	17.81	18.02	28.99	52.79
Total Current Assets	673.92	623.03	920.15	788.42	968.78	492.12
Property, Plant & Equipment	611.16	630.19	589.38	617.76	602.6	660.53
Long-Term Investments	-	-	-	-	5.79	5.55
Goodwill	21.71	21.71	22.51	22.51	22.51	22.51
Other Intangible Assets	226.58	229.47	241.12	249.36	261.79	274.36
Long-Term Deferred Tax Assets	56.8	62.25	52.7	57.06	58.07	24.66
Long-Term Deferred Charges	8.23	8.9	8.2	7.63	9.12	9.91
Other Long-Term Assets	46.01	47.26	51.92	50.57	59.37	19.46
Total Assets	1,644	1,623	1,886	1,793	1,988	1,509
Accounts Payable	175.45	207.89	567.63	515.91	784.53	177.3
Accrued Expenses	1.6	6.64	27.59	28.4	20.79	13.06
Short-Term Debt	-	-	-	-	-	150
Current Portion of Long-Term Debt	43.73	40.83	-	-	-	-
Current Portion of Leases	-	-	21.14	18.12	32.52	8.73
Current Income Taxes Payable	19.15	19.09	15.7	0.79	14.59	6.01
Current Unearned Revenue	38.09	33.03	42.33	68.74	46	74.41
Other Current Liabilities	22.42	33.14	42.27	49.56	23.18	34.92
Total Current Liabilities	300.43	340.61	716.66	681.51	921.61	464.42
Long-Term Leases	101.43	108.55	86.4	99.71	86.35	107.83
Long-Term Unearned Revenue	3.27	3.29	3.4	3.51	3.73	3.73
Long-Term Deferred Tax Liabilities	43.5	50.16	41.22	49.76	42.14	8.56
Other Long-Term Liabilities	-	-	-	-	1.06	-
Total Liabilities	448.63	502.61	847.69	834.49	1,055	584.55
Common Stock	480.79	480.79	480.79	480.79	480.79	480.79
Additional Paid-In Capital	187.21	187.21	187.21	187.21	187.21	187.21
Retained Earnings	515.95	444.83	360.37	281.72	254.04	249.07
Treasury Stock	-6.78	-6.78	-	-	-	-
Comprehensive Income & Other	13.16	9.01	5.2	5.39	7.81	4.02
Total Common Equity	1,190	1,115	1,034	955.11	929.85	921.1
Minority Interest	5.46	5.14	4.71	3.68	3.3	3.45
Shareholders' Equity	1,196	1,120	1,038	958.79	933.15	924.55
Total Liabilities & Equity	1,644	1,623	1,886	1,793	1,988	1,509
Total Debt	145.16	149.37	107.54	117.83	118.88	266.56
Net Cash (Debt)	212.8	155.19	241.22	-11.04	24.4	-168.88
Net Cash Growth	-31.81%	-35.66%	-	-	-	-
Net Cash Per Share	0.44	0.32	0.50	-0.02	0.04	-0.35
Filing Date Shares Outstanding	480.83	480.4	480.79	480.79	480.79	480.79
Total Common Shares Outstanding	480.83	480.4	480.79	480.79	480.79	480.79
Working Capital	373.49	282.42	203.48	106.9	47.18	27.7
Book Value Per Share	2.48	2.32	2.15	1.99	1.93	1.92
Tangible Book Value	942.03	863.88	769.95	683.24	645.56	624.23
Tangible Book Value Per Share	1.96	1.80	1.60	1.42	1.34	1.30
Buildings	-	-	223.23	220.69	222.72	273.2
Machinery	-	-	723.23	672.77	634.3	624.63
Construction In Progress	-	-	0.85	1	13.82	4.52

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