SHE:300123 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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	160.48	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	161.07	304.84	323	284.52	481.57	621.62
Cash Growth	-38.77%	-5.62%	13.52%	-40.92%	-22.53%	4.90%
Accounts Receivable	1,393	1,501	1,786	2,177	2,103	1,874
Other Receivables	12.63	15.04	9.19	21.69	34.53	66.54
Receivables	1,406	1,516	1,795	2,198	2,137	1,941
Inventory	427.03	473.06	548.77	574.14	600.79	734.02
Other Current Assets	43.85	47.75	89.9	70.48	106.33	127.8
Total Current Assets	2,038	2,342	2,756	3,127	3,326	3,424
Property, Plant & Equipment	861.42	996.88	1,163	1,404	1,659	1,677
Long-Term Investments	11.58	9.91	-	-	1.2	34.7
Goodwill	-	16.71	897.09	1,321	1,329	1,943
Other Intangible Assets	239.21	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	53.75	55.55	46.26	32.97	19.93	26.32
Long-Term Deferred Charges	14.61	19.3	6.21	5.82	6.76	5.23
Other Long-Term Assets	66.22	63.15	60.05	54.14	62.29	57.03
Total Assets	3,284	3,750	5,187	6,264	6,806	7,618

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Accounts Payable	817.01	865.17	953.56	953.18	816.48	637.35
Accrued Expenses	37.65	48.22	69.67	72.68	73.99	55.94
Short-Term Debt	1,094	1,279	1,290	1,267	1,359	1,349
Current Portion of Long-Term Debt	145.14	150.5	102.86	118.71	158.83	404.49
Current Portion of Leases	-	0.1	0.05	1.4	-	-
Current Income Taxes Payable	43.62	0.22	3.43	17.36	1.45	0.58
Current Unearned Revenue	19.27	38.19	127.56	155.56	123.07	83.16
Other Current Liabilities	353.41	373.55	373.34	422.32	743.55	799.02
Total Current Liabilities	2,510	2,755	2,920	3,008	3,276	3,330
Long-Term Debt	449.49	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	49.72	54.62	60.53	68.7	47.37	50.01
Long-Term Deferred Tax Liabilities	-	-	-	-	-	1.19
Other Long-Term Liabilities	3.86	5.04	7.17	13	75.99	63.73
Total Liabilities	3,013	3,247	3,435	3,571	3,905	3,499

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
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	-4,354	-4,123	-2,894	-1,976	-1,693	-498.16
Treasury Stock	-	-	-	-	-0.48	-0.48
Comprehensive Income & Other	17.89	15.33	14.07	9.39	6.1	8.21
Total Common Equity	111.04	339.94	1,567	2,485	2,697	3,904
Minority Interest	160.43	162.47	183.97	206.94	204.99	215.13
Shareholders' Equity	271.47	502.41	1,751	2,692	2,902	4,119
Total Liabilities & Equity	3,284	3,750	5,187	6,264	6,806	7,618

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Total Debt	1,688	1,862	1,840	1,868	2,023	1,808
Net Cash (Debt)	-1,527	-1,558	-1,517	-1,584	-1,541	-1,186
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.49	-1.52	-1.49	-1.56	-1.53	-1.18
Filing Date Shares Outstanding	1,022	1,022	1,022	1,022	1,008	1,008
Total Common Shares Outstanding	1,022	1,022	1,022	1,022	1,008	1,008
Working Capital	-472.14	-413.21	-163.67	119.27	49.7	94.77
Book Value Per Share	0.11	0.33	1.53	2.43	2.68	3.87
Tangible Book Value	-128.17	77.2	412.82	845.88	966.73	1,513
Tangible Book Value Per Share	-0.13	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