SHE:300120 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	607.11	747.7	836.42	1,104	496.15	291.14
Short-Term Investments	-	-	-	101.08	-	-
Cash & Short-Term Investments	625.52	747.7	836.42	1,205	496.15	291.14
Cash Growth	-26.33%	-10.61%	-30.61%	142.95%	70.42%	-10.57%
Accounts Receivable	1,980	746.87	798.48	824.32	853.04	882.84
Other Receivables	145.71	280.91	41.53	28.16	140.14	78.14
Receivables	2,125	1,028	840.01	852.48	993.18	960.98
Inventory	1,017	738.68	696.82	745.51	779.99	521.7
Prepaid Expenses	-	1.08	4.44	3.03	5.01	10.13
Other Current Assets	270.79	84.53	97.56	79.44	115.34	141.63
Total Current Assets	4,039	2,600	2,475	2,886	2,390	1,926
Property, Plant & Equipment	563.29	561.54	745.15	760.64	837.63	884.12
Long-Term Investments	462.75	460.2	495.04	208.01	168.01	170.07
Goodwill	644.7	184.91	495.73	495.73	690.34	690.34
Other Intangible Assets	298.52	90.59	131.31	204.3	217.94	223.3
Long-Term Accounts Receivable	-	-	-	11.02	13.79	79.7
Long-Term Deferred Tax Assets	63.01	47.73	45.06	49.37	48.97	32.63
Long-Term Deferred Charges	79.53	79.43	55.42	54.64	52.93	56.94
Other Long-Term Assets	88.85	136.15	83.32	27.65	19.72	28.42
Total Assets	6,240	4,160	4,526	4,697	4,439	4,091
Accounts Payable	1,784	521.13	398.45	333.06	504.83	384.58
Accrued Expenses	39.46	51.02	52.49	75.47	56.44	55.55
Short-Term Debt	516.88	474.24	539.34	708.04	566.61	431.52
Current Portion of Long-Term Debt	-	114.31	227.07	202.33	139.32	107
Current Portion of Leases	-	14.44	12.37	9.78	6.97	7.66
Current Income Taxes Payable	117.2	0.85	5.08	3.55	3.61	0.34
Current Unearned Revenue	386.33	7.88	9.28	6.77	7.48	18.92
Other Current Liabilities	260.16	210.34	165.34	218.68	220.42	177.87
Total Current Liabilities	3,104	1,394	1,409	1,558	1,506	1,183
Long-Term Debt	514.3	146.35	34.69	68.5	140	139.57
Long-Term Leases	59.5	74.9	54.07	65.85	94.29	55.38
Long-Term Unearned Revenue	13.64	14.22	16.71	19.42	23.63	26.87
Long-Term Deferred Tax Liabilities	21.61	21.29	25.21	27.28	21.04	17.06
Other Long-Term Liabilities	12.87	-	0.48	2.37	15.28	74.07
Total Liabilities	3,726	1,651	1,541	1,741	1,800	1,496
Common Stock	574.39	574.39	574.39	574.39	464.39	464.4
Additional Paid-In Capital	2,288	2,288	2,288	2,288	1,698	1,697
Retained Earnings	-380.89	-384	100.28	78.83	396.85	360.07
Treasury Stock	-	-	-	-	-	-11.64
Comprehensive Income & Other	26.52	25.08	17.16	14.53	-16.27	-2.21
Total Common Equity	2,508	2,504	2,980	2,956	2,543	2,508
Minority Interest	5.49	5.49	5.5	-	96.1	86.85
Shareholders' Equity	2,514	2,509	2,986	2,956	2,639	2,595
Total Liabilities & Equity	6,240	4,160	4,526	4,697	4,439	4,091
Total Debt	1,091	824.25	867.54	1,055	947.19	741.13
Net Cash (Debt)	-465.16	-76.55	-31.12	150.9	-451.04	-449.99
Net Cash Per Share	-0.81	-0.13	-0.05	0.28	-0.97	-0.97
Filing Date Shares Outstanding	574.39	574.39	574.39	574.39	574.39	464.4
Total Common Shares Outstanding	574.39	574.39	574.39	574.39	464.39	464.4
Working Capital	935.17	1,206	1,066	1,328	884	742.13
Book Value Per Share	4.37	4.36	5.19	5.15	5.48	5.40
Tangible Book Value	1,565	2,228	2,353	2,256	1,635	1,594
Tangible Book Value Per Share	2.72	3.88	4.10	3.93	3.52	3.43
Buildings	-	451.86	631.55	677.4	742.5	635.02
Machinery	-	494.17	489.09	492.39	497.55	485.38
Construction In Progress	-	4.96	31.66	7.69	5.85	118.08