SHE:300032 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	469.94	470.92	242.35	138.38	351.45	209.77
Trading Asset Securities	-	-	-	-	-	20.78
Cash & Short-Term Investments	469.94	470.92	242.35	138.38	351.45	230.55
Cash Growth	13.76%	94.32%	75.13%	-60.63%	52.44%	44.18%
Accounts Receivable	252.16	320.14	398.31	370.98	846.46	581.08
Other Receivables	6.13	10.27	9.2	12.82	30.57	111.32
Receivables	258.3	330.4	407.51	383.8	877.02	692.4
Inventory	137.15	130.9	190.2	201.49	569.63	203.15
Other Current Assets	7.38	13.64	20.5	17.06	66.83	538.86
Total Current Assets	872.75	945.85	860.55	740.74	1,865	1,665
Property, Plant & Equipment	421.56	436.17	532.85	704.76	816.32	816.24
Long-Term Investments	0.73	0.73	0.74	376.07	378.13	213.42
Goodwill	3.09	3.09	3.09	3.09	3.09	3.09
Other Intangible Assets	28.3	30.11	114.05	122.74	52.67	67.38
Long-Term Deferred Tax Assets	113.02	112.64	105.73	90.76	28.19	28.43
Long-Term Deferred Charges	13.98	14.94	20.8	21.95	65.24	37.35
Other Long-Term Assets	2.5	2.92	1.86	10.26	15.34	47.55
Total Assets	1,456	1,546	1,640	2,070	3,224	2,878
Accounts Payable	290.33	351.16	432.15	434.8	1,353	486.53
Accrued Expenses	30.64	32.14	59.96	74.79	118.99	128.33
Short-Term Debt	150.16	159.22	149.22	412.18	201.7	193.93
Current Portion of Long-Term Debt	12.56	12.4	-	-	-	346.42
Current Portion of Leases	-	-	12.36	18.92	16.03	28.19
Current Income Taxes Payable	3.91	5.85	0.23	0.23	2.23	0.23
Current Unearned Revenue	8.85	8.35	20.5	9.63	13.87	51.11
Other Current Liabilities	106.75	99.14	63.41	37.85	112.27	49.41
Total Current Liabilities	603.21	668.27	737.82	988.4	1,818	1,284
Long-Term Leases	127.78	130.97	143.37	199.48	207.05	242.12
Long-Term Unearned Revenue	12.86	13.44	15.78	8.27	8.72	8.11
Long-Term Deferred Tax Liabilities	53.15	54.62	52.13	50.05	18.67	21.72
Other Long-Term Liabilities	18.89	18.89	36.63	24.63	0.17	210.41
Total Liabilities	815.88	886.18	985.74	1,271	2,053	1,766
Common Stock	803.17	803.17	803.17	803.17	803.17	803.17
Additional Paid-In Capital	2,966	2,966	2,966	2,990	2,990	2,990
Retained Earnings	-3,120	-3,100	-3,106	-2,976	-2,598	-2,650
Comprehensive Income & Other	-1.63	-1.52	-1.17	-10.5	-2.19	-1.9
Total Common Equity	647.33	667.58	661.22	806.31	1,193	1,142
Minority Interest	-7.27	-7.31	-7.29	-6.77	-21.97	-29.76
Shareholders' Equity	640.06	660.27	653.93	799.54	1,171	1,112
Total Liabilities & Equity	1,456	1,546	1,640	2,070	3,224	2,878
Total Debt	290.5	302.6	304.95	630.58	424.78	810.66
Net Cash (Debt)	179.44	168.32	-62.6	-492.21	-73.33	-580.11
Net Cash Per Share	0.22	0.21	-0.08	-0.61	-0.09	-0.72
Filing Date Shares Outstanding	802.38	784.14	803.17	803.17	803.17	803.17
Total Common Shares Outstanding	802.38	784.14	803.17	803.17	803.17	803.17
Working Capital	269.55	277.59	122.73	-247.67	46.96	380.82
Book Value Per Share	0.81	0.85	0.82	1.00	1.49	1.42
Tangible Book Value	615.93	634.37	544.07	680.48	1,138	1,071
Tangible Book Value Per Share	0.77	0.81	0.68	0.85	1.42	1.33
Buildings	-	-	457.6	457.6	457.6	499.09
Machinery	-	-	815.78	952.25	965.39	831.86
Construction In Progress	-	-	0.72	6.03	20.77	28.24

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