SHE:003042 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	229.58	169.01	425.23	571.58	315.81	575.93
Cash & Short-Term Investments	229.58	169.01	425.23	571.58	315.81	575.93
Cash Growth	-29.21%	-60.26%	-25.61%	80.99%	-45.16%	103.17%
Accounts Receivable	511.99	330.84	314.61	210.98	350.52	224.56
Other Receivables	0.5	83.82	47.84	28.85	26.9	67.52
Receivables	512.5	414.67	362.44	239.83	377.42	292.08
Inventory	535.81	550.74	502.13	563.19	593.54	410.49
Prepaid Expenses	-	-	-	-	-	0.26
Other Current Assets	177.49	158.66	109.09	125.43	381.42	369.28
Total Current Assets	1,455	1,293	1,399	1,500	1,668	1,648
Property, Plant & Equipment	2,147	2,203	2,239	1,971	1,604	1,317
Other Intangible Assets	135.18	136.41	141.2	136.05	135.06	135.44
Long-Term Deferred Tax Assets	128.35	132.11	105.69	91.33	46.99	37.28
Long-Term Deferred Charges	48.63	44.19	29.2	19.31	3.16	0.78
Other Long-Term Assets	18.93	14.24	19.85	25.94	79.42	82.07
Total Assets	3,934	3,823	3,934	3,743	3,537	3,221
Accounts Payable	1,067	1,074	1,129	919.65	738.44	523.39
Accrued Expenses	46.99	53.54	43.83	43.93	37.28	38.61
Short-Term Debt	830.29	651.29	506.27	425.85	326.03	231.09
Current Portion of Long-Term Debt	413.43	269.52	80.1	110.17	-	45.08
Current Portion of Leases	-	1.07	0.27	-	-	-
Current Income Taxes Payable	4.11	0.41	0.33	0.24	2.38	8.47
Current Unearned Revenue	67.75	128.06	114.58	128.26	100.7	160.49
Other Current Liabilities	93.17	128.49	92.98	101.88	366.44	337.05
Total Current Liabilities	2,523	2,306	1,967	1,730	1,571	1,344
Long-Term Debt	30.02	142.83	417.28	369.1	240.15	240.35
Long-Term Leases	148.25	144.59	184.89	160.4	35.32	4.04
Long-Term Unearned Revenue	6.82	7.08	8.09	9.1	10.11	4.3
Long-Term Deferred Tax Liabilities	1.83	1.9	1.42	0.91	0.75	0.78
Total Liabilities	2,710	2,603	2,579	2,269	1,858	1,594
Common Stock	142.48	142.48	142.48	142.48	142.48	109.6
Additional Paid-In Capital	808.86	808.86	808.86	808.86	808.86	841.74
Retained Earnings	262.89	260.89	397.49	519.95	726.67	675.45
Comprehensive Income & Other	9.35	7.92	6.12	2.71	1.17	0.08
Shareholders' Equity	1,224	1,220	1,355	1,474	1,679	1,627
Total Liabilities & Equity	3,934	3,823	3,934	3,743	3,537	3,221
Total Debt	1,422	1,209	1,189	1,066	601.5	520.56
Net Cash (Debt)	-1,192	-1,040	-763.58	-493.93	-285.69	55.37
Net Cash Per Share	-7.53	-7.31	-5.36	-3.46	-1.99	0.42
Filing Date Shares Outstanding	142.48	142.48	142.48	142.48	142.48	142.48
Total Common Shares Outstanding	142.48	142.48	142.48	142.48	142.48	142.48
Working Capital	-1,068	-1,013	-568.44	-229.95	96.92	303.86
Book Value Per Share	8.59	8.56	9.51	10.35	11.79	11.42
Tangible Book Value	1,088	1,084	1,214	1,338	1,544	1,491
Tangible Book Value Per Share	7.64	7.61	8.52	9.39	10.84	10.47
Buildings	-	1,104	1,009	743.58	719.11	499.02
Machinery	-	2,099	1,726	1,369	1,388	1,070
Construction In Progress	-	114.77	410.69	601.94	207.54	335.4