SHE:003030 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	Dec '21 Dec 31, 2021
Cash & Equivalents	257.1	118.16	142.43	194.85	297.92	464.38
Trading Asset Securities	45.2	45.2	-	-	-	-
Cash & Short-Term Investments	302.3	163.36	142.43	194.85	297.92	464.38
Cash Growth	87.55%	14.69%	-26.90%	-34.60%	-35.84%	-2.23%
Accounts Receivable	226.7	229.37	180.74	142.61	128.57	141.59
Other Receivables	54.36	50.61	13.35	36.41	71.74	44.31
Receivables	281.05	279.98	194.09	179.01	200.31	185.89
Inventory	112.91	116.26	117.48	79.78	77.84	77.37
Other Current Assets	31.25	28.95	61.55	38.58	11.99	14
Total Current Assets	727.53	588.56	515.55	492.23	588.06	741.64
Property, Plant & Equipment	1,506	1,521	1,592	1,433	1,084	881.68
Long-Term Investments	0.21	0.21	0.21	0.21	0.21	0.21
Goodwill	52.27	52.27	87.83	-	-	1.18
Other Intangible Assets	67.83	68.77	78.95	81.54	49.85	29.25
Long-Term Deferred Tax Assets	8.75	9.04	12.03	13.07	12.22	10.21
Long-Term Deferred Charges	5.68	5.1	1.65	1.55	2.61	-
Other Long-Term Assets	7.84	7.72	4.76	3.84	12.8	29.22
Total Assets	2,376	2,253	2,293	2,025	1,750	1,693
Accounts Payable	129.54	142.45	162.4	157.63	112.78	67.26
Accrued Expenses	39.46	47	60.49	47.1	40.97	35.11
Short-Term Debt	571.31	520.28	413.68	209.49	191.12	239.83
Current Portion of Long-Term Debt	268.11	109.89	189.29	27.84	126.91	38.73
Current Portion of Leases	-	-	2.48	1.81	38.42	0.76
Current Income Taxes Payable	16.69	20.18	7.79	5.67	3.58	8.54
Current Unearned Revenue	8.83	7.1	6.13	2.72	5.19	2.26
Other Current Liabilities	116.89	112.71	164.3	155.84	51.23	35.25
Total Current Liabilities	1,151	959.62	1,007	608.1	570.19	427.73
Long-Term Debt	142.03	216.06	214.14	248.32	50.06	217.92
Long-Term Leases	3.04	3.02	13.06	72.21	61.73	2.22
Long-Term Unearned Revenue	40.12	42.1	34.86	24.64	26.52	25.09
Long-Term Deferred Tax Liabilities	4.43	4.23	2.3	-	-	-
Other Long-Term Liabilities	16.39	4.38	4.22	4.22	4.22	4.22
Total Liabilities	1,357	1,229	1,275	957.49	712.72	677.19
Common Stock	124.78	124.78	124.78	124.78	124.78	124.78
Additional Paid-In Capital	522.61	522.61	524	525.3	526.96	526.96
Retained Earnings	365.43	368.77	362.1	405.87	384.12	364.46
Treasury Stock	-8.03	-8.03	-8.03	-	-	-
Total Common Equity	1,005	1,008	1,003	1,056	1,036	1,016
Minority Interest	14.18	15.18	15.2	12.01	0.97	-
Shareholders' Equity	1,019	1,023	1,018	1,068	1,037	1,016
Total Liabilities & Equity	2,376	2,253	2,293	2,025	1,750	1,693
Total Debt	984.5	849.25	832.65	559.67	468.23	499.46
Net Cash (Debt)	-682.19	-685.88	-690.22	-364.81	-170.31	-35.08
Net Cash Per Share	-5.47	-5.42	-5.49	-2.89	-1.38	-0.28
Filing Date Shares Outstanding	111.5	134.8	124.18	123.66	124.78	124.78
Total Common Shares Outstanding	111.5	134.8	124.18	123.66	124.78	124.78
Working Capital	-423.31	-371.05	-491.01	-115.87	17.87	313.9
Book Value Per Share	9.01	7.48	8.08	8.54	8.30	8.14
Tangible Book Value	884.68	887.09	836.06	974.41	986.02	985.77
Tangible Book Value Per Share	7.93	6.58	6.73	7.88	7.90	7.90
Buildings	-	-	927.21	481.82	405.04	404.96
Machinery	-	-	1,230	912.08	860.06	796.43
Construction In Progress	-	-	28.07	532.1	269.2	64.37

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