SHE:300204 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	Dec '21 Dec 31, 2021
Cash & Equivalents	128.28	123.64	53.91	85.18	264.99	85.01
Trading Asset Securities	-	-	-	-	-	381.46
Cash & Short-Term Investments	128.28	123.64	53.91	85.18	264.99	466.47
Cash Growth	43.43%	129.34%	-36.71%	-67.86%	-43.19%	-35.44%
Accounts Receivable	46.74	41.52	39.07	61.22	188.18	157.9
Other Receivables	0.89	1.22	0.64	1.14	1.38	1.18
Receivables	47.64	42.75	39.72	62.35	189.56	159.07
Inventory	19.55	19.3	22.18	20.93	18.83	25.01
Prepaid Expenses	-	0	0.01	0.01	-	-
Other Current Assets	66.95	66.97	61.8	70.41	55.69	37.9
Total Current Assets	262.42	252.65	177.62	238.89	529.06	688.44
Property, Plant & Equipment	205.99	211.79	235	261.36	290.58	312.43
Long-Term Investments	471.64	475.02	514.07	549.54	522.25	545.43
Goodwill	19.75	19.75	19.75	19.75	19.75	22.17
Other Intangible Assets	36.16	36.36	34.67	35.13	80.48	82.22
Long-Term Deferred Tax Assets	50.42	50.42	50.08	164	198.13	155.84
Long-Term Deferred Charges	201.4	186.77	117.84	62.57	26.97	5.29
Other Long-Term Assets	33.21	33.45	0.58	0.98	2.09	15.15
Total Assets	1,281	1,266	1,150	1,332	1,669	1,827
Accounts Payable	14.69	21.92	33.49	72.91	35.87	31.71
Accrued Expenses	20.46	52.69	67.71	83.85	158.73	150.01
Short-Term Debt	50.03	92.27	42.42	40.95	23.09	-
Current Portion of Leases	0.27	0.43	0.06	-	2.69	2.25
Current Income Taxes Payable	3.05	0	-	-	0.02	-
Current Unearned Revenue	1.19	1.26	3.89	2.86	3.27	1.34
Other Current Liabilities	41.42	6.99	6.88	7.6	8.1	11.33
Total Current Liabilities	131.1	175.55	154.45	208.17	231.77	196.64
Long-Term Leases	0.58	0.67	0.06	-	3.18	5.37
Long-Term Unearned Revenue	26.02	26.76	29.91	29.24	33.47	21.32
Long-Term Deferred Tax Liabilities	49.24	49.24	48.43	74.14	47.03	52.91
Other Long-Term Liabilities	210.23	207.27	-	-	-	-
Total Liabilities	486.07	459.48	232.85	311.55	315.45	276.25
Common Stock	477.77	477.77	477.77	477.77	475.36	476.03
Additional Paid-In Capital	558.6	558.6	570.95	534.46	519.36	536.44
Retained Earnings	-335.56	-327.12	-249.37	-83.63	314.62	510.98
Treasury Stock	-	-	-	-	-	-43.68
Comprehensive Income & Other	109.01	111.53	129.88	92.06	44.53	70.97
Total Common Equity	809.82	820.78	929.23	1,021	1,354	1,551
Minority Interest	-14.91	-14.06	-12.47	-	-	-
Shareholders' Equity	794.92	806.72	916.76	1,021	1,354	1,551
Total Liabilities & Equity	1,281	1,266	1,150	1,332	1,669	1,827
Total Debt	119.78	93.36	42.54	40.95	28.96	7.63
Net Cash (Debt)	8.51	30.28	11.37	44.23	236.03	458.84
Net Cash Growth	-87.74%	166.24%	-74.28%	-81.26%	-48.56%	-31.98%
Net Cash Per Share	0.02	0.06	0.02	0.09	0.49	0.97
Filing Date Shares Outstanding	477.77	477.77	477.77	477.77	475.36	472.66
Total Common Shares Outstanding	477.77	477.77	477.77	477.77	475.36	472.66
Working Capital	131.32	77.1	23.18	30.72	297.28	491.8
Book Value Per Share	1.69	1.72	1.94	2.14	2.85	3.28
Tangible Book Value	753.91	764.67	874.81	965.78	1,254	1,446
Tangible Book Value Per Share	1.58	1.60	1.83	2.02	2.64	3.06
Buildings	-	215.73	215.93	214.75	184.57	183.64
Machinery	-	302.85	317.62	318.38	254.98	246.28
Construction In Progress	-	-	-	-	87.82	85.48