SHE:300189 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	69.9	97.16	57.01	111.33	115.12	219.06
Trading Asset Securities	24.42	36.58	58.78	23.64	31.03	55.39
Cash & Short-Term Investments	94.32	133.74	115.79	134.97	146.15	274.45
Cash Growth	-18.84%	15.50%	-14.21%	-7.65%	-46.75%	13.05%
Accounts Receivable	129.93	128.08	78.9	86.8	83.61	39.6
Other Receivables	27.88	25.38	1.21	1.2	2.43	3.88
Receivables	157.8	153.46	80.11	88	86.04	43.48
Inventory	53.69	54.72	62.99	71.54	78.26	68.78
Other Current Assets	26.41	14.01	5.38	7.12	11.81	6.71
Total Current Assets	332.22	355.94	264.27	301.63	322.26	393.42
Property, Plant & Equipment	452.68	442.91	462.45	267.93	274.39	300.15
Long-Term Investments	207.68	209.06	239.37	273.03	273.53	273.2
Other Intangible Assets	142.39	141.24	143.25	144.39	149.27	155.46
Long-Term Deferred Tax Assets	1.69	1.69	-	-	-	-
Long-Term Deferred Charges	1.16	1.1	1.81	2.14	2.98	4.14
Other Long-Term Assets	137.46	139.25	61.84	12.31	13.64	14.24
Total Assets	1,275	1,291	1,173	1,001	1,036	1,141
Accounts Payable	46.76	55.99	40.32	69.67	62.38	33.19
Accrued Expenses	3.25	8.8	11.5	9.97	8.56	7.56
Short-Term Debt	30.21	27.96	7.16	-	14.1	12.11
Current Portion of Long-Term Debt	30.63	31.58	8.82	0.04	-	-
Current Income Taxes Payable	1.66	1.72	0.48	0.8	0.47	2.96
Current Unearned Revenue	8.58	9.73	24.41	10.37	11.36	18.57
Other Current Liabilities	34.34	35.69	17.98	16.38	16.62	58.66
Total Current Liabilities	155.44	171.48	110.68	107.24	113.48	133.06
Long-Term Debt	230.29	222.48	205.75	5.89	1	-
Long-Term Leases	0.51	0.48	1.33	2	5.76	5.93
Long-Term Unearned Revenue	62.26	63.29	39.99	18.15	17.03	9.8
Long-Term Deferred Tax Liabilities	30.12	30.35	-	-	-	-
Other Long-Term Liabilities	13.59	14.44	11.27	11.93	9.88	39.89
Total Liabilities	492.2	502.52	369.02	145.21	147.15	188.67
Common Stock	1,024	1,024	1,024	1,024	1,024	1,024
Additional Paid-In Capital	143.86	143.86	274.61	274.61	274.61	274.61
Retained Earnings	-474.38	-467.88	-578.03	-527.41	-491.39	-426.79
Comprehensive Income & Other	-5.19	-4.49	-	-	-	-
Total Common Equity	688.29	695.49	720.58	771.2	807.22	871.82
Minority Interest	94.79	93.17	83.39	85.02	81.7	80.11
Shareholders' Equity	783.08	788.67	803.98	856.22	888.92	951.93
Total Liabilities & Equity	1,275	1,291	1,173	1,001	1,036	1,141
Total Debt	291.64	282.5	223.06	7.93	20.86	18.04
Net Cash (Debt)	-197.32	-148.76	-107.27	127.05	125.29	256.4
Net Cash Growth	-	-	-	1.40%	-51.13%	13.48%
Net Cash Per Share	-0.19	-0.15	-0.10	0.12	0.12	0.25
Filing Date Shares Outstanding	1,031	1,013	1,024	1,024	1,024	1,024
Total Common Shares Outstanding	1,031	1,013	1,024	1,024	1,024	1,024
Working Capital	176.78	184.46	153.59	194.39	208.78	260.36
Book Value Per Share	0.67	0.69	0.70	0.75	0.79	0.85
Tangible Book Value	545.9	554.25	577.33	626.81	657.95	716.37
Tangible Book Value Per Share	0.53	0.55	0.56	0.61	0.64	0.70
Buildings	-	-	303.85	313.2	310.48	302.57
Machinery	-	-	97.2	72	63.01	60.94
Construction In Progress	-	-	186.34	0.73	1.99	26.7

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