SHE:300135 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	250.52	123.69	207.12	263.88	708.86	660.43
Short-Term Investments	-	-	61.63	1.63	5.05	6
Trading Asset Securities	-	-	0	0.16	47.98	20.43
Cash & Short-Term Investments	250.52	123.69	268.75	265.67	761.89	686.85
Cash Growth	14.26%	-53.97%	1.16%	-65.13%	10.93%	-10.95%
Accounts Receivable	272.27	309.89	324.34	449.93	459.13	409.85
Other Receivables	18.99	24.48	17.86	42.19	56.6	163.94
Receivables	291.27	334.36	342.2	492.12	515.74	573.79
Inventory	303.64	266.94	149.24	217.8	117.33	206.08
Other Current Assets	183.42	461.83	149.99	346.2	215.49	165.69
Total Current Assets	1,029	1,187	910.17	1,322	1,610	1,632
Property, Plant & Equipment	119.18	129.04	316.31	333.7	542.34	587.37
Long-Term Investments	95.36	38	3.12	3.14	3.14	-
Goodwill	-	-	-	-	8.7	13.55
Other Intangible Assets	67.73	68.31	70.62	79.48	82.04	84.81
Long-Term Deferred Tax Assets	96.63	95.39	66.22	64.98	61.54	40.11
Long-Term Deferred Charges	4.2	4.55	13.3	9.13	4.28	6.25
Other Long-Term Assets	40.15	28.6	335.1	481.37	47.25	58.66
Total Assets	1,452	1,551	1,715	2,294	2,360	2,423
Accounts Payable	21.15	66.32	87.37	152.88	209.44	114.98
Accrued Expenses	2.31	7.47	19.17	16.11	15.2	18.35
Short-Term Debt	479.56	560.24	608.61	930.84	972.08	870.67
Current Portion of Long-Term Debt	1.96	1.94	-	13.29	56.96	56.7
Current Portion of Leases	-	-	1.22	3.09	1.38	3.27
Current Income Taxes Payable	2.38	5.74	1.41	9.72	4.79	3.25
Current Unearned Revenue	23.83	31.32	32.54	93.76	39.42	22.56
Other Current Liabilities	27	6.37	19.06	69.06	34.08	75.07
Total Current Liabilities	558.19	679.41	769.37	1,289	1,333	1,165
Long-Term Leases	7.65	8.04	-	62.28	26.27	84.67
Long-Term Unearned Revenue	3.43	3.63	4.44	5.17	4.5	5.67
Long-Term Deferred Tax Liabilities	17.06	2.66	0.99	3.79	10.62	8.87
Other Long-Term Liabilities	-	-	-	-	3	0.46
Total Liabilities	586.32	693.74	774.8	1,360	1,378	1,265
Common Stock	921.6	921.6	921.6	921.6	921.6	921.6
Additional Paid-In Capital	35.26	35.26	35.26	35.26	35.26	35.26
Retained Earnings	-76.22	-85.03	22.66	0.36	45.04	216.85
Treasury Stock	-15.52	-15.52	-15.52	-	-	-
Comprehensive Income & Other	0.66	0.67	0.68	-3.26	-3.23	-3.74
Total Common Equity	865.77	856.97	964.67	953.95	998.67	1,170
Minority Interest	-	-	-24.62	-20.37	-16.66	-11.33
Shareholders' Equity	865.77	856.97	940.05	933.58	982.01	1,159
Total Liabilities & Equity	1,452	1,551	1,715	2,294	2,360	2,423
Total Debt	489.17	570.22	609.83	1,010	1,057	1,015
Net Cash (Debt)	-238.64	-446.53	-341.08	-743.83	-294.79	-328.45
Net Cash Per Share	-0.26	-0.49	-0.37	-0.82	-0.32	-0.36
Filing Date Shares Outstanding	917.75	909.73	915.6	921.6	921.6	921.6
Total Common Shares Outstanding	917.75	909.73	915.6	921.6	921.6	921.6
Working Capital	470.66	507.41	140.8	33.02	277.1	467.56
Book Value Per Share	0.94	0.94	1.05	1.04	1.08	1.27
Tangible Book Value	798.04	788.66	894.05	874.47	907.92	1,072
Tangible Book Value Per Share	0.87	0.87	0.98	0.95	0.99	1.16
Buildings	-	-	164.15	153.84	158.19	158.19
Machinery	-	-	532.34	577.42	825.79	867.75
Construction In Progress	-	-	0.55	3.25	4.35	1.57

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