SHE:300056 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	21.34	15.31	44.18	25.63	65.89	110.1
Trading Asset Securities	3.35	3.12	-	-	2	0.01
Cash & Short-Term Investments	24.69	18.43	44.18	25.63	67.89	110.11
Cash Growth	-41.91%	-58.29%	72.37%	-62.25%	-38.35%	-60.58%
Accounts Receivable	216.75	232.28	267.1	235.15	280.31	247.47
Other Receivables	12.16	11.8	21.16	18.78	19.69	39.66
Receivables	228.91	244.08	288.26	253.94	299.99	287.13
Inventory	90.29	78.99	69.79	205.16	207.86	315.09
Prepaid Expenses	-	0	0	-	-	0.02
Other Current Assets	21.04	16.73	20.35	25.38	29.32	62.46
Total Current Assets	364.93	358.23	422.58	510.11	605.05	774.8
Property, Plant & Equipment	218.19	227.03	262.89	367.63	404.69	302.69
Long-Term Investments	4.74	4.76	4.64	32.77	40.24	135.93
Goodwill	-	-	55.86	101.28	129.69	-
Other Intangible Assets	21.12	23.71	25	40.81	39.73	46.66
Long-Term Deferred Tax Assets	3.37	3.28	7.33	35.75	42.22	10.4
Long-Term Deferred Charges	0.8	0.92	1.98	2.45	3.29	3.85
Other Long-Term Assets	11.14	11.42	12.15	13.13	13.29	21.6
Total Assets	624.29	629.35	792.42	1,104	1,278	1,296
Accounts Payable	165.43	154.77	169.33	149.11	207.03	151.91
Accrued Expenses	21.21	41.47	42.78	36.52	51.69	48.47
Short-Term Debt	209.8	275.18	262.54	343.09	313.75	266.02
Current Portion of Long-Term Debt	10.94	9.99	-	28.2	0.96	24.36
Current Portion of Leases	-	2.14	4.34	2.55	2.11	5.24
Current Income Taxes Payable	1.72	0.13	1.82	1.82	1.64	8.78
Current Unearned Revenue	39.73	32.48	45.81	80.22	36.21	43.43
Other Current Liabilities	113.85	33.94	53.47	47.68	61.24	33.6
Total Current Liabilities	562.68	550.1	580.08	689.2	674.63	581.81
Long-Term Debt	9.99	9.99	-	-	28.2	-
Long-Term Leases	2.32	2.42	2.71	2.01	2.91	25.95
Long-Term Unearned Revenue	1.23	1.54	3.07	9.24	11.7	15.07
Long-Term Deferred Tax Liabilities	3.45	3.51	3.6	5.78	6.12	2.22
Other Long-Term Liabilities	66.22	65.59	65.55	65.57	51.52	39.62
Total Liabilities	645.9	633.16	655.01	771.79	775.08	664.67
Common Stock	385.49	385.49	385.49	385.49	385.49	385.49
Additional Paid-In Capital	925.2	926.4	924.43	890.28	862.08	874.57
Retained Earnings	-1,239	-1,225	-1,117	-1,008	-848.02	-765.08
Comprehensive Income & Other	0.22	0.24	0.12	2.22	2.06	2.66
Total Common Equity	71.67	87.38	192.6	269.81	401.61	497.64
Minority Interest	-93.28	-91.18	-55.19	62.33	101.52	133.62
Shareholders' Equity	-21.61	-3.81	137.41	332.14	503.13	631.26
Total Liabilities & Equity	624.29	629.35	792.42	1,104	1,278	1,296
Total Debt	233.05	299.73	269.59	375.85	347.92	321.57
Net Cash (Debt)	-208.36	-281.3	-225.41	-350.22	-280.04	-211.46
Net Cash Per Share	-0.54	-0.73	-0.58	-0.92	-0.74	-0.55
Filing Date Shares Outstanding	385.08	385.49	385.49	385.49	385.49	385.49
Total Common Shares Outstanding	385.08	385.49	385.49	385.49	385.49	385.49
Working Capital	-197.75	-191.86	-157.5	-179.09	-69.58	193
Book Value Per Share	0.19	0.23	0.50	0.70	1.04	1.29
Tangible Book Value	50.55	63.67	111.74	127.72	232.19	450.98
Tangible Book Value Per Share	0.13	0.17	0.29	0.33	0.60	1.17
Buildings	-	200.4	200.72	306.91	302.79	240.34
Machinery	-	361.36	367.15	423.29	405.19	279.39
Construction In Progress	-	0.62	4.87	4.73	19.42	28.31

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