SHE:200992 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	301.35	313.1	259.48	262.13	227.26	210.57
Cash & Short-Term Investments	301.35	313.1	259.48	262.13	227.26	210.57
Cash Growth	1.99%	20.66%	-1.01%	15.34%	7.93%	-19.26%
Accounts Receivable	54.24	77.97	50.52	48.42	57.83	37.81
Other Receivables	94.37	105.91	71.69	6.6	5.56	3.6
Receivables	148.61	183.88	122.21	55.02	63.4	41.4
Inventory	393.43	381.91	450.43	495.7	426.13	277.1
Prepaid Expenses	-	0.01	0.01	0.01	0.02	0.07
Other Current Assets	44.36	45.77	50.11	40.5	37.63	39.25
Total Current Assets	887.75	924.66	882.25	853.36	754.44	568.39
Property, Plant & Equipment	1,127	1,133	1,118	1,085	976.11	644.52
Long-Term Investments	0.36	0.44	0.88	1.41	1.98	-
Other Intangible Assets	57.54	57.91	59.4	60.96	62.63	12.11
Long-Term Deferred Tax Assets	1.19	1.24	1.36	1.43	1.56	1.64
Long-Term Deferred Charges	2.29	2.58	2.64	3.35	0.08	0.22
Other Long-Term Assets	42.9	48.43	42.94	42.86	41.63	173.25
Total Assets	2,119	2,168	2,107	2,048	1,838	1,400
Accounts Payable	94.83	139.52	170.16	124.33	134.27	50.12
Accrued Expenses	61.26	80.08	69.64	65.11	56.83	48.01
Short-Term Debt	16.02	16.02	46.01	58.01	20.02	10.01
Current Portion of Long-Term Debt	16.68	16.68	14.88	8.84	6.5	3.2
Current Portion of Leases	-	-	-	-	-	1.71
Current Income Taxes Payable	6.26	1.13	1.71	2.23	1.54	2.15
Current Unearned Revenue	28.62	10.07	17.1	31.26	51.26	13.22
Other Current Liabilities	21.95	29.21	24.91	21.13	19.63	9.29
Total Current Liabilities	245.63	292.71	344.41	310.9	290.07	137.72
Long-Term Debt	484.37	461.38	380.65	390.67	283.56	149.39
Long-Term Unearned Revenue	52.45	53.11	53.58	51.98	13.5	13.69
Pension & Post-Retirement Benefits	0.49	0.49	0.53	0.54	0.62	1.03
Long-Term Deferred Tax Liabilities	2.14	2.18	2.33	2.48	2.61	2.78
Total Liabilities	785.07	809.87	781.5	756.57	590.35	304.61
Common Stock	266.07	266.07	266.07	266.07	266.07	266.07
Additional Paid-In Capital	295.62	295.62	295.62	189.09	189.09	189.09
Retained Earnings	521	539.29	505.81	471.27	431.67	401.43
Comprehensive Income & Other	-10.01	-6.31	-0.31	103.16	100.24	76.94
Total Common Equity	1,073	1,095	1,067	1,030	987.07	933.54
Minority Interest	261.37	263.67	258.28	261.97	261	161.99
Shareholders' Equity	1,334	1,358	1,325	1,292	1,248	1,096
Total Liabilities & Equity	2,119	2,168	2,107	2,048	1,838	1,400
Total Debt	517.07	494.08	441.55	457.51	310.08	164.32
Net Cash (Debt)	-215.72	-180.99	-182.07	-195.39	-82.82	46.26
Net Cash Growth	-	-	-	-	-	-78.93%
Net Cash Per Share	-0.82	-0.68	-0.68	-0.73	-0.31	0.17
Filing Date Shares Outstanding	266.07	266.07	266.07	266.07	266.07	266.07
Total Common Shares Outstanding	266.07	266.07	266.07	266.07	266.07	266.07
Working Capital	642.12	631.95	537.83	542.46	464.37	430.67
Book Value Per Share	4.03	4.11	4.01	3.87	3.71	3.51
Tangible Book Value	1,015	1,037	1,008	968.64	924.45	921.43
Tangible Book Value Per Share	3.82	3.90	3.79	3.64	3.47	3.46
Buildings	-	196.06	196.08	196.07	196.05	123.13
Machinery	-	1,325	1,340	1,286	826.11	718.2
Construction In Progress	-	205.14	118.02	65.29	344.73	165.27