SHE:300106 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	389.41	358.75	246.53	307.17	342.77	244.27
Cash & Short-Term Investments	389.41	358.75	246.53	307.17	342.77	244.27
Cash Growth	63.03%	45.52%	-19.74%	-10.39%	40.33%	14.47%
Accounts Receivable	169.76	159.58	211.49	208.65	84.24	77.25
Other Receivables	4.07	3.23	48.28	13.38	17.53	17.18
Receivables	173.83	162.81	259.76	222.03	101.77	94.44
Inventory	90.07	88.66	77.47	106.45	147.06	111.89
Prepaid Expenses	-	1.05	2.14	0.04	-	0.04
Other Current Assets	23.63	19	33.04	65.02	72.89	73.08
Total Current Assets	676.95	630.26	618.94	700.72	664.49	523.72
Property, Plant & Equipment	310.72	326.77	360.03	366.22	355.75	383.68
Long-Term Investments	31.08	30.01	26.02	41.97	75.33	82.91
Goodwill	1.5	1.5	1.5	1.5	1.5	1.5
Other Intangible Assets	51.43	58.28	60.51	61.97	62.96	64.21
Long-Term Deferred Tax Assets	9.3	9.3	10.2	9.2	8.97	6.69
Long-Term Deferred Charges	0.46	0.55	0.81	0.66	0.58	0.59
Other Long-Term Assets	1.43	1.43	25.41	20.91	20.86	23.87
Total Assets	1,083	1,058	1,103	1,203	1,190	1,087
Accounts Payable	143.16	143.06	226.31	134.54	127.07	78.49
Accrued Expenses	10.46	17.8	17.07	18.87	19.48	13.93
Short-Term Debt	164.54	164.63	140.13	195	196	187
Current Portion of Long-Term Debt	39.89	34.45	14.13	-	13.5	-
Current Portion of Leases	-	5.44	2.13	1.8	0.74	-
Current Income Taxes Payable	2.99	2.12	0.54	2.2	0.47	1.13
Current Unearned Revenue	39.95	18.11	9.94	33.35	29.13	37.18
Other Current Liabilities	69.62	60.9	57.21	51.73	52.69	46.23
Total Current Liabilities	470.61	446.5	467.47	437.49	439.08	363.96
Long-Term Debt	38.63	44.3	30	26.97	-	15
Long-Term Leases	23.85	25.38	30.65	28.67	0.32	-
Long-Term Unearned Revenue	16.96	17.76	22.47	24.98	16.3	20.44
Long-Term Deferred Tax Liabilities	5.62	5.63	6.47	7	3.19	3.03
Other Long-Term Liabilities	2.31	2.01	1.9	1.11	1.75	0.85
Total Liabilities	557.99	541.59	558.96	526.21	460.64	403.28
Common Stock	211.33	211.33	211.33	211.33	211.33	211.33
Additional Paid-In Capital	620.71	620.71	620.71	620.71	620.71	620.71
Retained Earnings	-455.27	-460.23	-409.56	-290.75	-226.51	-239.5
Total Common Equity	376.78	371.82	422.49	541.29	605.54	592.54
Minority Interest	148.09	144.7	121.96	135.65	124.27	91.34
Shareholders' Equity	524.87	516.52	544.45	676.94	729.81	683.88
Total Liabilities & Equity	1,083	1,058	1,103	1,203	1,190	1,087
Total Debt	266.92	274.21	217.04	252.43	210.56	202
Net Cash (Debt)	122.49	84.54	29.49	54.74	132.21	42.27
Net Cash Growth	337.37%	186.67%	-46.12%	-58.60%	212.79%	271.18%
Net Cash Per Share	0.58	0.40	0.14	0.26	0.63	0.21
Filing Date Shares Outstanding	211.33	211.33	211.33	211.33	211.33	211.33
Total Common Shares Outstanding	211.33	211.33	211.33	211.33	211.33	211.33
Working Capital	206.33	183.76	151.47	263.23	225.41	159.75
Book Value Per Share	1.78	1.76	2.00	2.56	2.87	2.80
Tangible Book Value	323.84	312.04	360.48	477.82	541.08	526.83
Tangible Book Value Per Share	1.53	1.48	1.71	2.26	2.56	2.49
Buildings	-	277.7	287.91	288.01	284.01	283.71
Machinery	-	604.35	597.49	629.76	621.53	612.27
Construction In Progress	-	6.6	1.59	4.66	3.8	1.9

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