SHE:300169 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	105.44	91.11	40.1	186.42	90.94	140.25
Short-Term Investments	-	-	27.16	19.9	4.37	1.29
Trading Asset Securities	-	-	-	-	-	3.22
Cash & Short-Term Investments	105.44	91.11	67.27	206.32	95.31	144.75
Cash Growth	16.68%	35.44%	-67.40%	116.48%	-34.16%	19.91%
Accounts Receivable	132.73	131.17	215.49	365.99	612.59	713.32
Other Receivables	4.49	109.07	6.64	12.61	8.01	7.97
Receivables	137.22	240.23	222.13	378.6	620.6	721.29
Inventory	63.43	56.74	66.07	75.4	113.74	170.3
Prepaid Expenses	-	-	-	-	1.15	-
Other Current Assets	20.07	20.86	11.17	10.9	12.16	20.1
Total Current Assets	326.15	408.94	366.64	671.23	842.96	1,056
Property, Plant & Equipment	204.9	203.46	332.05	338.81	347.99	357.25
Long-Term Investments	33.43	33.43	5.31	7.42	15.32	15.44
Other Intangible Assets	39.27	39.77	92.51	101.26	111.39	121.85
Long-Term Deferred Tax Assets	16.65	16.61	41.89	31.42	31.32	22.69
Long-Term Deferred Charges	12.28	12.34	10.42	9.62	12.06	12.7
Other Long-Term Assets	5.45	8.13	5.1	0.29	3.07	2.31
Total Assets	638.14	722.69	853.92	1,160	1,364	1,589
Accounts Payable	100.49	98.95	160.06	406.93	418.92	437.72
Accrued Expenses	12.96	18.06	28.34	18.77	25.47	20.75
Short-Term Debt	264.82	289.95	393.15	427.82	420.51	451.27
Current Portion of Long-Term Debt	73.69	117.53	-	22.39	19.52	-
Current Portion of Leases	-	-	70.36	71.81	83.2	77.74
Current Income Taxes Payable	6.08	7.6	2.61	3.18	5.13	2.96
Current Unearned Revenue	3	2.01	3.27	1.99	3.76	2.68
Other Current Liabilities	62.36	63.18	39.62	61.23	47.43	54.04
Total Current Liabilities	523.41	597.28	697.4	1,014	1,024	1,047
Long-Term Debt	-	-	36.07	-	22.9	16.03
Long-Term Leases	16.6	16.03	26.43	21.56	32.48	53.83
Long-Term Unearned Revenue	1.31	1.33	9.62	11.01	12.43	12.53
Long-Term Deferred Tax Liabilities	3.25	2.86	0.94	1.35	2.18	1.94
Other Long-Term Liabilities	34.55	44.64	33.58	0.84	0.69	5.1
Total Liabilities	579.11	662.13	804.04	1,049	1,095	1,137
Common Stock	325.98	325.98	325.98	325.98	325.98	325.98
Additional Paid-In Capital	827.71	827.71	827.71	829.66	828.62	828.62
Retained Earnings	-1,097	-1,096	-1,110	-1,051	-890.64	-702.92
Comprehensive Income & Other	6.77	7.65	8.6	7.78	6.84	1.66
Total Common Equity	63.36	64.88	52.76	112.56	270.81	453.35
Minority Interest	-4.33	-4.32	-2.88	-1.39	-1.32	-1.24
Shareholders' Equity	59.03	60.56	49.88	111.17	269.48	452.11
Total Liabilities & Equity	638.14	722.69	853.92	1,160	1,364	1,589
Total Debt	355.1	423.51	526.01	543.57	578.61	598.86
Net Cash (Debt)	-249.67	-332.4	-458.74	-337.25	-483.3	-454.11
Net Cash Per Share	-0.77	-1.02	-1.41	-1.03	-1.49	-1.38
Filing Date Shares Outstanding	319.75	324.63	325.98	325.98	325.98	325.98
Total Common Shares Outstanding	319.75	324.63	325.98	325.98	325.98	325.98
Working Capital	-197.25	-188.34	-330.76	-342.89	-180.99	9.29
Book Value Per Share	0.20	0.20	0.16	0.35	0.83	1.39
Tangible Book Value	24.09	25.11	-39.75	11.3	159.42	331.5
Tangible Book Value Per Share	0.08	0.08	-0.12	0.03	0.49	1.02
Buildings	-	-	429.68	384.76	383.44	383.44
Machinery	-	-	284.52	290.57	301.49	305.89
Construction In Progress	-	-	12.24	46.82	27.9	1.3

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