SHE:001205 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

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	Dec '21 Dec 31, 2021
Cash & Equivalents	209.46	224.01	231.21	419.59	134.95	75.64
Trading Asset Securities	50.07	-	23.43	364.62	-	75.53
Cash & Short-Term Investments	259.52	224.01	254.63	784.21	134.95	151.17
Cash Growth	36.71%	-12.03%	-67.53%	481.13%	-10.73%	479.76%
Accounts Receivable	191.34	182.93	177.36	156.05	236.47	117.04
Other Receivables	37.75	163.45	87.89	65.27	21.26	25.53
Receivables	229.09	346.38	265.25	221.32	257.73	142.58
Inventory	77.95	66.23	65.34	48.81	41.31	30.31
Prepaid Expenses	-	3.28	3.12	4.11	3.25	0.84
Other Current Assets	67.47	3.09	7.81	8.83	14.21	15.45
Total Current Assets	634.04	642.99	596.16	1,067	451.44	340.34
Property, Plant & Equipment	3,768	3,792	3,801	2,847	2,070	1,208
Long-Term Investments	-	10	245.86	142.01	144.8	4.76
Goodwill	88.36	88.36	88.36	37.43	37.43	-
Other Intangible Assets	-	-	-	0.05	0.18	0.25
Long-Term Deferred Tax Assets	8.82	8.9	12.79	2.08	1.03	0.66
Long-Term Deferred Charges	46.75	48.35	43.65	30.25	22.34	14.12
Other Long-Term Assets	88.49	88.14	95.24	188.82	70.34	219.91
Total Assets	4,635	4,678	4,883	4,315	2,798	1,788

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	Dec '21 Dec 31, 2021
Accounts Payable	178.16	184.55	215.53	220.79	219.54	115.71
Accrued Expenses	16.77	19.66	20.72	20.93	22.51	14.45
Short-Term Debt	470.36	500.01	571.36	398.04	276.58	108.14
Current Portion of Long-Term Debt	356.85	147.7	193.76	195.42	112.98	64.97
Current Portion of Leases	-	310.43	147.73	182.29	99.76	29.76
Current Income Taxes Payable	11.25	8.26	2	5.35	3.33	4.47
Current Unearned Revenue	4.32	5.75	2.32	6.88	3.17	8.28
Other Current Liabilities	27.61	92.54	222.39	14.02	23.52	2.41
Total Current Liabilities	1,065	1,269	1,376	1,044	761.4	348.19
Long-Term Debt	1,029	929.73	972.86	1,098	292.6	100.62
Long-Term Leases	256.2	233.22	228.15	363.5	232.54	27.75
Long-Term Unearned Revenue	9.5	9.5	9.5	-	-	-
Long-Term Deferred Tax Liabilities	58.54	60.4	66.86	35.44	13.65	0.27
Other Long-Term Liabilities	-	-	3.31	0.18	-	-
Total Liabilities	2,418	2,502	2,656	2,541	1,300	476.82

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	Dec '21 Dec 31, 2021
Common Stock	188	188	188	170.98	171.06	120.27
Additional Paid-In Capital	1,018	1,018	1,008	743.12	739.76	752.88
Retained Earnings	998.98	959.65	873.28	756.03	591.06	437.83
Treasury Stock	-40.1	-40.1	-40.1	-12.23	-22.21	-
Comprehensive Income & Other	39.23	38.78	39.99	62.64	-0.5	-
Total Common Equity	2,204	2,164	2,069	1,721	1,479	1,311
Minority Interest	12.35	12.28	157.71	53.26	18.25	-
Shareholders' Equity	2,216	2,177	2,227	1,774	1,497	1,311
Total Liabilities & Equity	4,635	4,678	4,883	4,315	2,798	1,788

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	Dec '21 Dec 31, 2021
Total Debt	2,112	2,121	2,114	2,237	1,014	331.24
Net Cash (Debt)	-1,853	-1,897	-1,859	-1,453	-879.52	-180.07
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-9.86	-10.09	-10.69	-8.61	-5.22	-1.19
Filing Date Shares Outstanding	185.44	185.44	185.44	169.04	168.77	168.37
Total Common Shares Outstanding	185.44	185.44	185.44	169.04	168.77	168.37
Working Capital	-431.3	-625.92	-779.64	23.56	-309.96	-7.84
Book Value Per Share	11.89	11.67	11.16	10.18	8.76	7.79
Tangible Book Value	2,116	2,076	1,981	1,683	1,442	1,311
Tangible Book Value Per Share	11.41	11.19	10.68	9.96	8.54	7.78
Buildings	-	204.85	204.85	212.1	218.2	29.47
Machinery	-	4,463	4,228	2,830	2,113	1,011
Construction In Progress	-	128.68	144.56	335.37	129.44	470.95