SHE:300111 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	410.92	504.87	567.37	879.15	233.19	206.09
Trading Asset Securities	90.07	-	-	-	-	0
Cash & Short-Term Investments	500.99	504.87	567.37	879.15	233.19	206.09
Cash Growth	-14.11%	-11.02%	-35.46%	277.01%	13.15%	-8.67%
Accounts Receivable	56.45	65.6	73.81	65.26	105.64	121.2
Other Receivables	37.71	44.15	2.84	2.87	0.94	94.91
Receivables	94.16	109.75	76.65	68.13	106.58	216.11
Inventory	173.72	170.58	142.83	118.02	112.27	75.18
Other Current Assets	3.14	3.17	1.04	17.49	2.82	1.2
Total Current Assets	772.01	788.37	787.9	1,083	454.86	498.58
Property, Plant & Equipment	76.72	78.68	95.97	95.33	101.69	107.19
Long-Term Investments	52.94	52.54	51.18	1.06	0.99	0.76
Other Intangible Assets	43.54	44.26	47.31	51.22	46.95	16.71
Long-Term Deferred Tax Assets	3.98	3.98	2.6	1.82	0.34	0.4
Long-Term Deferred Charges	17.13	14.55	13.69	7.93	10.12	7.14
Other Long-Term Assets	1.98	1.79	0.47	1.9	1.31	0.87
Total Assets	968.31	984.18	999.12	1,242	616.25	631.63
Accounts Payable	107.94	112.02	117.47	97.65	109.99	78.66
Accrued Expenses	3.63	8.17	9.26	10.49	12.82	9.52
Short-Term Debt	-	0.79	4.86	45.72	30.28	-
Current Portion of Leases	-	-	0.87	0.91	1.03	0.93
Current Income Taxes Payable	0.6	1.81	-	0	0.53	2.36
Current Unearned Revenue	0.45	1.07	1.07	3.86	3.64	1.06
Other Current Liabilities	2.37	2.69	2.59	235.74	3.72	62.07
Total Current Liabilities	115	126.55	136.13	394.37	162.01	154.61
Long-Term Leases	-	-	-	0.87	1.79	-
Long-Term Unearned Revenue	1.74	1.97	3.51	0.6	1.11	1.62
Other Long-Term Liabilities	36.51	36.51	36.51	36.68	36.51	65.15
Total Liabilities	153.24	165.02	176.14	432.52	201.41	221.38
Common Stock	1,287	1,287	1,287	1,287	1,120	1,120
Additional Paid-In Capital	536.06	536.06	536.06	536.06	332.76	332.76
Retained Earnings	-1,139	-1,134	-1,130	-1,138	-1,159	-1,158
Comprehensive Income & Other	-7.08	-7.18	-7.34	-7.44	-7.51	-7.54
Total Common Equity	676.91	682.03	686.24	678.33	285.79	286.9
Minority Interest	138.16	137.13	136.74	131.2	129.04	123.35
Shareholders' Equity	815.07	819.16	822.98	809.53	414.84	410.25
Total Liabilities & Equity	968.31	984.18	999.12	1,242	616.25	631.63
Total Debt	-	0.79	5.74	47.51	33.1	0.93
Net Cash (Debt)	500.99	504.08	561.63	831.64	200.09	205.16
Net Cash Growth	-14.11%	-10.25%	-32.47%	315.63%	-2.47%	-9.08%
Net Cash Per Share	0.34	0.34	0.43	0.65	0.18	0.18
Filing Date Shares Outstanding	1,272	1,928	1,287	1,287	1,120	1,120
Total Common Shares Outstanding	1,272	1,928	1,287	1,287	1,120	1,120
Working Capital	657.01	661.83	651.77	688.42	292.84	343.97
Book Value Per Share	0.53	0.35	0.53	0.53	0.26	0.26
Tangible Book Value	633.37	637.77	638.93	627.11	238.84	270.19
Tangible Book Value Per Share	0.50	0.33	0.50	0.49	0.21	0.24
Buildings	-	-	90.96	91.24	91.24	91.24
Machinery	-	-	173.97	168.98	151.06	143.28
Construction In Progress	-	-	18.8	10.02	20.53	21.72

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