SHE:003011 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	144.45	229.27	272.66	235.08	373.41	327.85
Short-Term Investments	-	-	-	-	-	0.01
Trading Asset Securities	56.05	144.37	49.03	-	-	-
Cash & Short-Term Investments	200.5	373.65	321.7	235.08	373.41	327.86
Cash Growth	-47.11%	16.15%	36.84%	-37.05%	13.89%	-45.97%
Accounts Receivable	265.46	259.11	267.08	308.99	378.87	316.38
Other Receivables	49.68	55.31	24.4	22.7	27.21	35.74
Receivables	315.15	314.42	291.48	331.69	406.07	352.12
Inventory	219.62	253.22	250.4	386.44	346.6	419.76
Prepaid Expenses	-	-	3.57	7.64	1.65	-
Other Current Assets	72.03	74.83	42.61	37.42	21.27	46.25
Total Current Assets	807.3	1,016	909.77	998.27	1,149	1,146
Property, Plant & Equipment	852.14	879.35	992.99	1,112	1,109	905.08
Long-Term Investments	43.76	44.08	46.81	47.8	48.18	34.19
Other Intangible Assets	129.71	130.17	147.65	153.31	136.37	136.09
Long-Term Deferred Tax Assets	8	6.24	5.07	3.13	3.39	5.11
Long-Term Deferred Charges	2.79	4.22	3.58	4	4.72	8.49
Other Long-Term Assets	25.82	25.43	27.54	22.22	34.09	38.38
Total Assets	1,870	2,106	2,133	2,341	2,485	2,273
Accounts Payable	115.72	152.65	159.84	239.45	284.78	267.54
Accrued Expenses	10.37	16.32	39.31	65.83	39.97	41.76
Short-Term Debt	266.14	342.85	359.79	541.29	586.7	585.87
Current Portion of Long-Term Debt	6.43	30.85	5.81	30.03	60.79	29.6
Current Portion of Leases	-	-	7.8	5.28	3.78	9.86
Current Income Taxes Payable	3.39	5.93	2.54	6.91	0.81	2.16
Current Unearned Revenue	4.53	4.4	4.53	3.06	3.28	2.9
Other Current Liabilities	58.33	38.89	7.48	19.06	9.53	15.03
Total Current Liabilities	464.9	591.91	587.1	910.91	989.65	954.72
Long-Term Debt	4.51	90.66	113.3	-	-	0.69
Long-Term Leases	9.82	11.21	14.99	9.26	35.71	45.03
Long-Term Unearned Revenue	1.91	1.94	-	-	-	-
Long-Term Deferred Tax Liabilities	0	0.01	0.75	0.15	0.04	0.11
Total Liabilities	481.14	695.72	716.15	920.33	1,025	1,001
Common Stock	102.68	102.68	102.68	102.68	102.68	102.68
Additional Paid-In Capital	719.83	719.83	718.85	719.37	718.98	718.98
Retained Earnings	680.12	668.79	630.33	641.23	656.08	473.67
Treasury Stock	-46.55	-22.51	-21.55	-40	-26.22	-
Comprehensive Income & Other	-67.69	-58.9	-13.04	-2.8	8.02	-22.55
Shareholders' Equity	1,388	1,410	1,417	1,420	1,460	1,273
Total Liabilities & Equity	1,870	2,106	2,133	2,341	2,485	2,273
Total Debt	286.89	475.57	501.69	585.87	686.98	671.05
Net Cash (Debt)	-86.39	-101.92	-179.99	-350.78	-313.57	-343.19
Net Cash Per Share	-0.85	-1.00	-1.76	-3.46	-3.06	-3.33
Filing Date Shares Outstanding	102.99	101.3	101.68	101.68	100.82	102.68
Total Common Shares Outstanding	102.99	101.3	101.68	100.82	101.45	102.68
Working Capital	342.4	424.21	322.67	87.36	159.35	191.28
Book Value Per Share	13.48	13.92	13.94	14.09	14.39	12.40
Tangible Book Value	1,259	1,280	1,270	1,267	1,323	1,137
Tangible Book Value Per Share	12.22	12.63	12.49	12.57	13.04	11.07
Buildings	-	-	682.97	684.05	442.92	197.4
Machinery	-	-	602.39	647.99	469.7	420.28
Construction In Progress	-	-	55.37	47.83	363.06	386.2

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