SHE:300198 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	136.29	22.91	12.29	46.74	92.9	108.63
Cash & Short-Term Investments	136.29	22.91	12.29	46.74	92.9	108.63
Cash Growth	719.65%	86.35%	-73.70%	-49.68%	-14.48%	-68.11%
Accounts Receivable	764.22	751.28	675.8	671.5	584.46	559.17
Other Receivables	21.77	21.63	50.83	44.91	51.95	147.63
Receivables	785.99	772.91	726.63	716.42	636.41	706.8
Inventory	38.86	36.59	35.02	42.92	69.84	94.22
Other Current Assets	59.8	59.72	32.74	38.37	51.66	87.91
Total Current Assets	1,021	892.13	806.69	844.45	850.8	997.56
Property, Plant & Equipment	191.39	195.73	219.88	263.74	303.75	336.04
Long-Term Investments	54.61	54.68	57.52	56.81	474.78	509.95
Other Intangible Assets	39.02	39.81	43.52	46.46	50.83	60.38
Long-Term Accounts Receivable	-	-	964.76	1,240	-	-
Long-Term Deferred Tax Assets	20.8	20.78	21.27	24.15	80.62	139.47
Long-Term Deferred Charges	0.54	0.58	0.82	0.98	1.15	1.62
Other Long-Term Assets	734.45	753.47	14.01	20.99	1,519	1,505
Total Assets	2,062	1,957	2,128	2,497	3,281	3,550
Accounts Payable	312.71	317.07	343.06	527.07	471.11	469.9
Accrued Expenses	31.97	35.65	74.69	68.33	82.07	28.14
Short-Term Debt	168	361.99	362.23	377.16	613.3	567.36
Current Portion of Long-Term Debt	158.89	266.58	224.16	122.45	116.58	112.54
Current Portion of Leases	-	-	1.4	0.68	13.5	20.71
Current Income Taxes Payable	29.83	27.73	11.42	3.11	5.36	2.92
Current Unearned Revenue	9.18	8.59	12.05	8.56	7.64	24.41
Other Current Liabilities	470.75	654.22	201.73	204.11	169.25	185.96
Total Current Liabilities	1,181	1,672	1,231	1,311	1,479	1,412
Long-Term Debt	293.05	317.51	650.69	669.45	580.58	618.75
Long-Term Leases	-	-	-	-	2.78	13.61
Long-Term Unearned Revenue	0.44	0.44	0.53	0.8	4.88	9.64
Long-Term Deferred Tax Liabilities	0.12	0.09	0.2	-	29.14	37.72
Other Long-Term Liabilities	97.05	105.73	121.08	89.15	110.94	59.36
Total Liabilities	1,572	2,096	2,003	2,071	2,207	2,151
Common Stock	1,032	1,032	1,032	1,032	1,032	1,032
Additional Paid-In Capital	728.44	63.52	63.52	63.52	63.52	67.65
Retained Earnings	-1,280	-1,244	-969.16	-661.98	-35.23	272.54
Comprehensive Income & Other	1.04	1.05	1.05	0.54	0.55	0.06
Total Common Equity	480.87	-147.79	126.96	433.63	1,060	1,372
Minority Interest	8.89	9.37	-1.73	-7.06	13.87	26.94
Shareholders' Equity	489.76	-138.42	125.24	426.57	1,074	1,399
Total Liabilities & Equity	2,062	1,957	2,128	2,497	3,281	3,550
Total Debt	619.94	946.09	1,238	1,170	1,327	1,333
Net Cash (Debt)	-483.65	-923.18	-1,226	-1,123	-1,234	-1,224
Net Cash Per Share	-0.47	-0.89	-1.19	-1.09	-1.20	-1.19
Filing Date Shares Outstanding	1,033	1,031	1,032	1,032	1,032	1,032
Total Common Shares Outstanding	1,033	1,031	1,032	1,032	1,032	1,032
Working Capital	-160.39	-779.7	-424.04	-467.02	-628.01	-414.37
Book Value Per Share	0.47	-0.14	0.12	0.42	1.03	1.33
Tangible Book Value	441.85	-187.61	83.44	387.17	1,010	1,311
Tangible Book Value Per Share	0.43	-0.18	0.08	0.38	0.98	1.27
Buildings	-	-	210.88	210.88	210.88	227.47
Machinery	-	-	263.71	329.28	349.07	343.16
Construction In Progress	-	-	32.11	40.94	31.45	31.85

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