SHE:300169 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	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	91.11	67.27	206.32	95.31	144.75
Cash Growth	35.44%	-67.40%	116.48%	-34.16%	19.91%
Accounts Receivable	131.17	215.49	365.99	612.59	713.32
Other Receivables	109.07	6.64	12.61	8.01	7.97
Receivables	240.23	222.13	378.6	620.6	721.29
Inventory	56.74	66.07	75.4	113.74	170.3
Prepaid Expenses	-	-	-	1.15	-
Other Current Assets	20.86	11.17	10.9	12.16	20.1
Total Current Assets	408.94	366.64	671.23	842.96	1,056
Property, Plant & Equipment	203.46	332.05	338.81	347.99	357.25
Long-Term Investments	33.43	5.31	7.42	15.32	15.44
Other Intangible Assets	39.77	92.51	101.26	111.39	121.85
Long-Term Deferred Tax Assets	16.61	41.89	31.42	31.32	22.69
Long-Term Deferred Charges	12.34	10.42	9.62	12.06	12.7
Other Long-Term Assets	8.13	5.1	0.29	3.07	2.31
Total Assets	722.69	853.92	1,160	1,364	1,589
Accounts Payable	98.95	160.06	406.93	418.92	437.72
Accrued Expenses	18.06	28.34	18.77	25.47	20.75
Short-Term Debt	289.95	393.15	427.82	420.51	451.27
Current Portion of Long-Term Debt	117.53	-	22.39	19.52	-
Current Portion of Leases	-	70.36	71.81	83.2	77.74
Current Income Taxes Payable	7.6	2.61	3.18	5.13	2.96
Current Unearned Revenue	2.01	3.27	1.99	3.76	2.68
Other Current Liabilities	63.18	39.62	61.23	47.43	54.04
Total Current Liabilities	597.28	697.4	1,014	1,024	1,047
Long-Term Debt	-	36.07	-	22.9	16.03
Long-Term Leases	16.03	26.43	21.56	32.48	53.83
Long-Term Unearned Revenue	1.33	9.62	11.01	12.43	12.53
Long-Term Deferred Tax Liabilities	2.86	0.94	1.35	2.18	1.94
Other Long-Term Liabilities	44.64	33.58	0.84	0.69	5.1
Total Liabilities	662.13	804.04	1,049	1,095	1,137
Common Stock	325.98	325.98	325.98	325.98	325.98
Additional Paid-In Capital	827.71	827.71	829.66	828.62	828.62
Retained Earnings	-1,096	-1,110	-1,051	-890.64	-702.92
Comprehensive Income & Other	7.65	8.6	7.78	6.84	1.66
Total Common Equity	64.88	52.76	112.56	270.81	453.35
Minority Interest	-4.32	-2.88	-1.39	-1.32	-1.24
Shareholders' Equity	60.56	49.88	111.17	269.48	452.11
Total Liabilities & Equity	722.69	853.92	1,160	1,364	1,589
Total Debt	423.51	526.01	543.57	578.61	598.86
Net Cash (Debt)	-332.4	-458.74	-337.25	-483.3	-454.11
Net Cash Per Share	-1.02	-1.41	-1.03	-1.49	-1.38
Filing Date Shares Outstanding	324.63	325.98	325.98	325.98	325.98
Total Common Shares Outstanding	324.63	325.98	325.98	325.98	325.98
Working Capital	-188.34	-330.76	-342.89	-180.99	9.29
Book Value Per Share	0.20	0.16	0.35	0.83	1.39
Tangible Book Value	25.11	-39.75	11.3	159.42	331.5
Tangible Book Value Per Share	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