SHE:300173 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	345.76	304.19	243.86	378.02	310.22	556.16
Trading Asset Securities	-	-	-	-	80.13	0
Cash & Short-Term Investments	345.76	304.19	243.86	378.02	390.35	556.16
Cash Growth	24.55%	24.74%	-35.49%	-3.16%	-29.81%	50.33%
Accounts Receivable	746.4	719.27	828.57	790.56	805.69	813.38
Other Receivables	10.53	12.76	59.24	27.77	74.92	145.6
Receivables	756.92	732.04	887.81	818.33	880.61	958.98
Inventory	1,393	1,247	1,470	1,907	1,922	1,848
Other Current Assets	306.36	298.08	242.48	260.09	158.05	206.45
Total Current Assets	2,802	2,581	2,844	3,364	3,351	3,570
Property, Plant & Equipment	194.73	199.29	399.05	355.3	293.44	340.84
Long-Term Investments	187.07	185.25	183.26	103.64	105.95	100.51
Goodwill	217.99	217.99	384.48	384.48	384.48	399.84
Other Intangible Assets	15.14	16.65	22.81	29.01	111.9	124.33
Long-Term Accounts Receivable	-	-	-	-	4.87	42.96
Long-Term Deferred Tax Assets	55.42	49.8	36.45	25.05	31.33	51.96
Long-Term Deferred Charges	35.97	36.24	39.82	44.51	49.29	50.26
Other Long-Term Assets	13.15	12.33	30.8	50.74	109.14	108.48
Total Assets	3,522	3,298	3,941	4,356	4,442	4,789
Accounts Payable	792.91	702.52	576.2	820.87	958.26	1,069
Accrued Expenses	29.04	42.91	92.59	112.75	129.19	87.23
Short-Term Debt	175.3	215.48	665.17	775.27	785.78	895.3
Current Portion of Long-Term Debt	47.63	41.59	17.83	1.48	0.68	10.34
Current Portion of Leases	-	-	14.18	14.24	18.43	19.88
Current Income Taxes Payable	57.43	58.37	2.54	2.31	0.06	0.47
Current Unearned Revenue	813.02	658.44	987.8	1,188	1,268	1,008
Other Current Liabilities	116.78	116.26	83.07	216.28	89.77	110.36
Total Current Liabilities	2,032	1,836	2,439	3,131	3,250	3,200
Long-Term Debt	583.09	526.73	254.61	62.67	88.49	82
Long-Term Leases	73	76.66	92.94	91.82	109.62	146.36
Long-Term Unearned Revenue	12	12	12	13.8	14.3	3.63
Long-Term Deferred Tax Liabilities	1.5	1.64	2.19	3.04	3.14	7.56
Other Long-Term Liabilities	3.42	3.61	37.69	43.3	46.73	3.86
Total Liabilities	2,705	2,456	2,839	3,346	3,512	3,444
Common Stock	734.73	734.73	734.73	734.73	734.73	734.73
Additional Paid-In Capital	1,419	1,419	1,419	1,417	1,463	1,499
Retained Earnings	-1,342	-1,317	-1,194	-1,278	-1,348	-1,042
Comprehensive Income & Other	-	-	26.67	26.67	-	-
Total Common Equity	811.81	837.36	986.52	900.7	850	1,191
Minority Interest	4.74	4.93	115.27	110.05	79.58	153.99
Shareholders' Equity	816.55	842.29	1,102	1,011	929.58	1,345
Total Liabilities & Equity	3,522	3,298	3,941	4,356	4,442	4,789
Total Debt	879.02	860.45	1,045	945.49	1,003	1,154
Net Cash (Debt)	-533.27	-556.26	-800.87	-567.47	-612.63	-597.72
Net Cash Per Share	-0.74	-0.77	-1.06	-0.81	-0.84	-0.81
Filing Date Shares Outstanding	734.22	677.53	734.73	734.73	734.73	734.73
Total Common Shares Outstanding	734.22	677.53	734.73	734.73	734.73	734.73
Working Capital	770.11	745.37	404.55	232.66	101.46	369.27
Book Value Per Share	1.11	1.24	1.34	1.23	1.16	1.62
Tangible Book Value	578.68	602.72	579.24	487.22	353.62	666.88
Tangible Book Value Per Share	0.79	0.89	0.79	0.66	0.48	0.91
Buildings	-	-	10.81	10.81	2.44	2.44
Machinery	-	-	202.17	216.08	216.4	225.69
Construction In Progress	1.99	-	163.24	101.75	19.54	19.68

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