SHE:300123 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	229.68	304.26	318.92	278.52	481.57	617.22
Trading Asset Securities	0.59	0.59	4.08	6	-	4.39
Cash & Short-Term Investments	230.26	304.84	323	284.52	481.57	621.62
Cash Growth	-31.89%	-5.62%	13.52%	-40.92%	-22.53%	4.90%
Accounts Receivable	1,414	1,501	1,786	2,177	2,103	1,874
Other Receivables	37.05	15.04	9.19	21.69	34.53	66.54
Receivables	1,451	1,516	1,795	2,198	2,137	1,941
Inventory	484.52	473.06	548.77	574.14	600.79	734.02
Other Current Assets	47.14	47.75	89.9	70.48	106.33	127.8
Total Current Assets	2,213	2,342	2,756	3,127	3,326	3,424
Property, Plant & Equipment	958.32	996.88	1,163	1,404	1,659	1,677
Long-Term Investments	9.91	9.91	-	-	1.2	34.7
Goodwill	16.71	16.71	897.09	1,321	1,329	1,943
Other Intangible Assets	243.7	246.04	257.5	318.73	401.39	447.28
Long-Term Accounts Receivable	-	0.26	0.26	-	1.54	2.73
Long-Term Deferred Tax Assets	55.65	55.55	46.26	32.97	19.93	26.32
Long-Term Deferred Charges	18.98	19.3	6.21	5.82	6.76	5.23
Other Long-Term Assets	62.3	63.15	60.05	54.14	62.29	57.03
Total Assets	3,579	3,750	5,187	6,264	6,806	7,618
Accounts Payable	821.37	865.17	953.56	953.18	816.48	637.35
Accrued Expenses	33.27	48.22	69.67	72.68	73.99	55.94
Short-Term Debt	1,181	1,279	1,290	1,267	1,359	1,349
Current Portion of Long-Term Debt	150.65	150.5	102.86	118.71	158.83	404.49
Current Portion of Leases	-	0.1	0.05	1.4	-	-
Current Income Taxes Payable	20.44	0.22	3.43	17.36	1.45	0.58
Current Unearned Revenue	33.16	38.19	127.56	155.56	123.07	83.16
Other Current Liabilities	373.35	373.55	373.34	422.32	743.55	799.02
Total Current Liabilities	2,613	2,755	2,920	3,008	3,276	3,330
Long-Term Debt	429.12	432.4	447.75	480.18	502.99	51.01
Long-Term Leases	0.1	0.1	-	1.18	2.32	3.61
Long-Term Unearned Revenue	53.66	54.62	60.53	68.7	47.37	50.01
Long-Term Deferred Tax Liabilities	-	-	-	-	-	1.19
Other Long-Term Liabilities	6.7	5.04	7.17	13	75.99	63.73
Total Liabilities	3,103	3,247	3,435	3,571	3,905	3,499
Common Stock	1,022	1,022	1,022	1,022	1,008	1,008
Additional Paid-In Capital	3,426	3,426	3,426	3,430	3,377	3,386
Retained Earnings	-4,152	-4,123	-2,894	-1,976	-1,693	-498.16
Treasury Stock	-	-	-	-	-0.48	-0.48
Comprehensive Income & Other	17.04	15.33	14.07	9.39	6.1	8.21
Total Common Equity	312.12	339.94	1,567	2,485	2,697	3,904
Minority Interest	163.79	162.47	183.97	206.94	204.99	215.13
Shareholders' Equity	475.91	502.41	1,751	2,692	2,902	4,119
Total Liabilities & Equity	3,579	3,750	5,187	6,264	6,806	7,618
Total Debt	1,761	1,862	1,840	1,868	2,023	1,808
Net Cash (Debt)	-1,531	-1,558	-1,517	-1,584	-1,541	-1,186
Net Cash Per Share	-1.48	-1.52	-1.49	-1.56	-1.53	-1.18
Filing Date Shares Outstanding	1,062	1,022	1,022	1,022	1,008	1,008
Total Common Shares Outstanding	1,062	1,022	1,022	1,022	1,008	1,008
Working Capital	-400.07	-413.21	-163.67	119.27	49.7	94.77
Book Value Per Share	0.29	0.33	1.53	2.43	2.68	3.87
Tangible Book Value	51.71	77.2	412.82	845.88	966.73	1,513
Tangible Book Value Per Share	0.05	0.08	0.40	0.83	0.96	1.50
Buildings	-	1,254	1,254	1,332	1,438	1,227
Machinery	-	1,250	1,262	1,281	1,254	1,234
Construction In Progress	-	23.82	40.21	60.8	102.09	371.39