SHE:300025 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	83.41	136.22	132	167.41	247.82	52.61
Trading Asset Securities	-	-	-	-	50	-
Cash & Short-Term Investments	83.41	136.22	132	167.41	297.82	52.61
Cash Growth	-27.61%	3.20%	-21.15%	-43.79%	466.15%	-54.92%
Accounts Receivable	386.35	393.95	450.19	417.32	402.33	506.44
Other Receivables	4.47	4.55	5.26	16.73	23.06	17.45
Receivables	390.83	398.5	455.46	434.05	425.39	523.9
Inventory	39.83	32.81	48.5	47.69	32.09	46.38
Prepaid Expenses	-	-	-	-	-	1.84
Other Current Assets	10.79	10.19	9.4	9.21	0.93	1.25
Total Current Assets	524.85	577.73	645.36	658.37	756.23	625.97
Property, Plant & Equipment	117.43	118.92	139.51	137.08	24.21	24.48
Long-Term Investments	73.04	73.04	76.06	77.11	28.95	28.82
Goodwill	0.25	0.25	0.25	0.25	1.05	0.25
Other Intangible Assets	14.01	14.54	104.41	116.95	2.02	1.98
Long-Term Deferred Tax Assets	0.06	0.06	0.09	14.12	12.39	11.81
Long-Term Deferred Charges	1.13	1.04	4.53	2.26	1.93	0.06
Other Long-Term Assets	-	-	-	0.36	110.7	114.01
Total Assets	730.78	785.58	970.22	1,007	937.47	807.37
Accounts Payable	91.73	100.48	96.34	76.07	76.65	107.25
Accrued Expenses	22.19	27.42	59.03	55.82	53.7	58.88
Short-Term Debt	84.58	112.61	179.38	158.13	102.48	212.81
Current Portion of Long-Term Debt	0.21	0.22	-	-	-	-
Current Portion of Leases	-	-	10.48	5.17	-	-
Current Income Taxes Payable	24.5	26.62	0.02	0.04	0.01	0.6
Current Unearned Revenue	13.7	14.27	13.02	10.56	9.64	15.24
Other Current Liabilities	68.44	73.82	22.92	23.16	21.44	102.89
Total Current Liabilities	305.35	355.45	381.18	328.96	263.91	497.68
Long-Term Leases	0.02	0.04	6.64	7.01	-	-
Long-Term Deferred Tax Liabilities	0	0	0.01	-	-	-
Other Long-Term Liabilities	-	-	-	-	-	9.59
Total Liabilities	305.37	355.49	387.84	335.98	263.91	507.27
Common Stock	508.79	508.79	508.79	508.79	503.65	428.53
Additional Paid-In Capital	311.79	311.79	311.79	322.3	302.78	32.01
Retained Earnings	-382.02	-377.33	-231.02	-152.48	-126.99	-88.78
Comprehensive Income & Other	-12.17	-12.17	-9.14	-8.1	-6.25	-73.1
Total Common Equity	426.39	431.08	580.42	670.52	673.18	298.65
Minority Interest	-0.99	-0.99	1.96	0.01	0.37	1.45
Shareholders' Equity	425.4	430.09	582.38	670.53	673.56	300.1
Total Liabilities & Equity	730.78	785.58	970.22	1,007	937.47	807.37
Total Debt	84.81	112.87	196.5	170.31	102.48	212.81
Net Cash (Debt)	-1.4	23.35	-64.5	-2.9	195.35	-160.2
Net Cash Per Share	-0.00	0.05	-0.13	-0.01	0.42	-0.37
Filing Date Shares Outstanding	509.47	508.06	508.79	508.79	503.65	428.53
Total Common Shares Outstanding	509.47	508.06	508.79	508.79	503.65	428.53
Working Capital	219.5	222.28	264.18	329.41	492.32	128.28
Book Value Per Share	0.84	0.85	1.14	1.32	1.34	0.70
Tangible Book Value	412.12	416.28	475.76	553.31	670.12	296.42
Tangible Book Value Per Share	0.81	0.82	0.94	1.09	1.33	0.69
Buildings	-	-	156.38	156.38	19.91	19.91
Machinery	-	-	60.6	25.39	25.15	23.87
Construction In Progress	-	-	-	0.25	0.36	-

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