SHE:300011 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	538.74	566	310.73	291.33	296.04	245.52
Cash & Short-Term Investments	538.74	566	310.73	291.33	296.04	245.52
Cash Growth	66.42%	82.15%	6.66%	-1.59%	20.58%	-28.61%
Accounts Receivable	1,818	2,006	2,013	1,929	1,693	1,575
Other Receivables	23.87	20.84	22.64	23.26	47.44	58.75
Receivables	1,842	2,027	2,035	1,952	1,740	1,634
Inventory	438.94	407.79	390.34	361.97	320.1	338.18
Other Current Assets	45.89	28.94	21.55	38.81	42.76	44.82
Total Current Assets	2,865	3,030	2,758	2,644	2,399	2,263
Property, Plant & Equipment	386.16	394.09	419.78	408.91	441.8	491.97
Long-Term Investments	163.74	164.38	171.43	167.94	135.64	141.2
Other Intangible Assets	300.07	316.04	278.36	286.6	316.16	342.47
Long-Term Deferred Tax Assets	45.51	45.29	41.75	33.86	38.23	33.95
Long-Term Deferred Charges	47.28	43.07	103.48	111.06	103.17	114.98
Other Long-Term Assets	1.87	1.88	4.24	0.06	3.76	10.1
Total Assets	3,810	3,995	3,777	3,653	3,438	3,397
Accounts Payable	603.71	678.5	749.28	669.9	452.69	524.5
Accrued Expenses	35.24	49.08	55.23	67.59	82.62	59.22
Short-Term Debt	864.11	831.95	945.41	887.71	1,004	614.96
Current Portion of Long-Term Debt	382.13	330.45	62.26	124.5	204.83	161.75
Current Portion of Leases	-	6.75	7.42	5.47	4.14	9.34
Current Income Taxes Payable	8.25	1.46	0.71	2.1	0.05	2.38
Current Unearned Revenue	83	98.75	50.08	37.22	17.72	21.85
Other Current Liabilities	203.86	299.8	230.13	181.87	95.09	89.46
Total Current Liabilities	2,180	2,297	2,101	1,976	1,861	1,483
Long-Term Debt	23.6	57.3	204.6	262.4	199.28	334.82
Long-Term Leases	20.97	53.56	94.39	40.5	16.17	28.14
Long-Term Unearned Revenue	6.63	6.8	5.51	8.2	6.07	6.69
Long-Term Deferred Tax Liabilities	31.34	32.5	32.73	36.05	46.5	52.99
Other Long-Term Liabilities	21.88	6.12	3.12	1.29	2.93	4.44
Total Liabilities	2,285	2,453	2,441	2,325	2,132	1,911
Common Stock	605.56	605.56	558.65	558.65	558.65	558.65
Additional Paid-In Capital	1,331	1,331	1,156	1,156	1,156	1,156
Retained Earnings	-422.53	-407.45	-392.27	-403.39	-421.23	-225.05
Comprehensive Income & Other	-2.19	-0.86	-0.4	2.63	-0.99	-3.08
Total Common Equity	1,512	1,528	1,322	1,314	1,293	1,487
Minority Interest	13.72	13.69	13.91	13.84	13.5	-
Shareholders' Equity	1,525	1,542	1,336	1,328	1,306	1,487
Total Liabilities & Equity	3,810	3,995	3,777	3,653	3,438	3,397
Total Debt	1,291	1,280	1,314	1,321	1,428	1,149
Net Cash (Debt)	-752.07	-714.01	-1,003	-1,029	-1,132	-903.5
Net Cash Per Share	-1.31	-1.27	-1.80	-1.84	-2.03	-1.62
Filing Date Shares Outstanding	605.36	605.56	558.65	558.65	558.65	558.65
Total Common Shares Outstanding	605.36	605.56	558.65	558.65	558.65	558.65
Working Capital	685.03	733.14	657.39	667.93	538.34	779.16
Book Value Per Share	2.50	2.52	2.37	2.35	2.31	2.66
Tangible Book Value	1,211	1,212	1,044	1,027	976.49	1,144
Tangible Book Value Per Share	2.00	2.00	1.87	1.84	1.75	2.05
Buildings	-	430.28	432.28	430	479.54	479.54
Machinery	-	218.1	209.43	203.07	225.6	238.42
Construction In Progress	-	1.62	1.15	2.07	2	4.67

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