SHE:300053 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	184.3	268.63	134.56	286.98	282.38	394.5
Trading Asset Securities	94.12	-	94.05	18.02	40.06	65.01
Cash & Short-Term Investments	278.42	268.63	228.61	305	322.44	459.51
Cash Growth	19.78%	17.51%	-25.05%	-5.41%	-29.83%	-12.74%
Accounts Receivable	477.77	470.02	551	692.58	840.04	901.66
Other Receivables	6.76	6.91	4.31	16.15	61.42	38.92
Receivables	484.54	476.93	555.31	708.73	901.46	940.58
Inventory	244.8	240.3	236.81	183.53	219.61	314.96
Prepaid Expenses	-	0.05	0.05	0.21	0.32	0.21
Other Current Assets	17.39	20.47	20.08	26.48	18.15	32.86
Total Current Assets	1,025	1,006	1,041	1,224	1,462	1,748
Property, Plant & Equipment	564.88	573.89	641.27	682.49	727.24	719.96
Long-Term Investments	2.74	2.91	8.04	15.2	38.25	40.46
Goodwill	17.16	17.16	30.67	30.67	241.48	550.52
Other Intangible Assets	459.7	470.21	565.4	367.44	292.09	521.75
Long-Term Accounts Receivable	-	-	-	-	-	32.71
Long-Term Deferred Tax Assets	50.82	50.82	107.14	135.53	139.94	53.96
Long-Term Deferred Charges	85.66	79.61	64.75	265.7	223.14	200.88
Other Long-Term Assets	8.96	12.15	15.32	33.52	31.15	35.36
Total Assets	2,215	2,213	2,473	2,755	3,155	3,904
Accounts Payable	278.07	296.93	297.5	304.16	337.69	377.57
Accrued Expenses	30.07	44.28	38.05	35.44	37.68	46.8
Short-Term Debt	301.34	211.09	174.4	159.15	72.54	88.61
Current Portion of Long-Term Debt	-	32.22	7.98	25.23	27	-
Current Portion of Leases	-	1.06	2.33	2.56	1.89	3.75
Current Income Taxes Payable	-	0.18	0.7	0.46	1.34	8.43
Current Unearned Revenue	110.35	118.34	90.35	76.84	69.75	128.66
Other Current Liabilities	28.61	22.66	18.06	23.48	34.79	48.55
Total Current Liabilities	748.44	726.75	629.38	627.32	582.68	702.37
Long-Term Debt	18.4	18.56	28.64	6.7	26.9	30
Long-Term Leases	2.67	2.09	1.3	3.92	1.85	2
Long-Term Unearned Revenue	31.18	32.75	38.92	46.78	49.59	52.23
Long-Term Deferred Tax Liabilities	-	-	0.48	1.01	0.67	1.67
Other Long-Term Liabilities	0.01	0.01	0.27	0.11	-	42.42
Total Liabilities	800.68	780.16	698.99	685.85	661.69	830.68
Common Stock	696.87	696.87	696.87	696.87	696.87	702.16
Additional Paid-In Capital	1,979	1,979	1,979	1,979	1,979	2,033
Retained Earnings	-1,263	-1,244	-902.94	-608.72	-183.37	388.79
Treasury Stock	-	-	-	-	-	-50.09
Comprehensive Income & Other	0.8	0.66	0.64	0.66	0.51	-2.83
Total Common Equity	1,414	1,433	1,774	2,068	2,493	3,071
Minority Interest	0.14	0.2	0.48	0.44	0.17	1.58
Shareholders' Equity	1,414	1,433	1,774	2,069	2,494	3,073
Total Liabilities & Equity	2,215	2,213	2,473	2,755	3,155	3,904
Total Debt	322.4	265.02	214.66	197.57	130.18	124.35
Net Cash (Debt)	-43.99	3.61	13.95	107.43	192.26	335.16
Net Cash Growth	-	-74.10%	-87.01%	-44.12%	-42.64%	-11.29%
Net Cash Per Share	-0.06	0.01	0.02	0.15	0.27	0.48
Filing Date Shares Outstanding	695.58	696.87	696.87	696.87	696.87	696.87
Total Common Shares Outstanding	695.58	696.87	696.87	696.87	696.87	696.87
Working Capital	276.7	279.64	411.47	596.62	879.3	1,046
Book Value Per Share	2.03	2.06	2.55	2.97	3.58	4.41
Tangible Book Value	937.37	945.43	1,178	1,670	1,960	1,999
Tangible Book Value Per Share	1.35	1.36	1.69	2.40	2.81	2.87
Buildings	-	357.88	347.39	308.12	137.08	-
Machinery	-	653.83	669.38	660.21	661.96	-
Construction In Progress	-	220.9	216.58	215.12	363.24	-

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