SHE:300205 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	389.21	-	461.86	645.09	963.36	430.68
Trading Asset Securities	-	-	-	6.98	5.67	107.87
Cash & Short-Term Investments	389.21	302.56	461.86	652.07	969.03	538.54
Cash Growth	16.58%	-34.49%	-29.17%	-32.71%	79.94%	-54.68%
Accounts Receivable	116.73	-	322.82	692.34	571.6	438.79
Other Receivables	21.13	-	140.83	197.09	97	510.41
Receivables	137.86	-	463.65	889.44	668.6	949.19
Inventory	73.51	-	146.88	263.9	367.92	413
Prepaid Expenses	-	-	0.23	7.88	9.05	9.29
Other Current Assets	64.62	-	12.34	8.73	77.3	66.73
Total Current Assets	665.2	-	1,085	1,822	2,092	1,977
Property, Plant & Equipment	71.56	-	378.51	402.51	420.21	366.28
Long-Term Investments	270.34	-	555.91	561.89	550.19	606.66
Other Intangible Assets	18.67	-	65.4	102.77	77.12	62.11
Long-Term Accounts Receivable	-	-	24.8	31.05	41.1	50.11
Long-Term Deferred Tax Assets	49.39	-	49.99	50	54.88	67.11
Long-Term Deferred Charges	2.23	-	4.43	7.77	45.99	27.81
Other Long-Term Assets	1.13	-	3.38	7.57	4.4	2.1
Total Assets	1,079	-	2,167	2,986	3,286	3,159
Accounts Payable	93.68	-	487.11	613.3	783.53	870.07
Accrued Expenses	18.07	-	97.01	78.12	121.5	95.38
Short-Term Debt	-	-	-	406.38	660.24	578.71
Current Portion of Long-Term Debt	59.12	-	64.52	0.08	-	-
Current Portion of Leases	-	-	2.48	1.66	2.17	2.93
Current Income Taxes Payable	0.45	-	0.01	0.68	0.02	0.01
Current Unearned Revenue	65.99	-	76.21	83.88	86.29	74.98
Other Current Liabilities	184.41	-	101.67	90.17	82.15	59.48
Total Current Liabilities	421.73	-	829.01	1,274	1,736	1,682
Long-Term Debt	-	-	-	70	-	-
Long-Term Leases	19.78	-	2.13	3.18	0.32	3.16
Long-Term Unearned Revenue	3.1	-	4.5	5.7	0.7	1.1
Long-Term Deferred Tax Liabilities	2.38	-	5	7.23	8.87	6.49
Other Long-Term Liabilities	215.78	-	219.82	145.61	42.55	52.03
Total Liabilities	662.77	-	1,060	1,506	1,788	1,744
Common Stock	430.06	-	430.06	430.06	430.06	430.06
Additional Paid-In Capital	624.85	-	624.85	624.85	631.33	630.31
Retained Earnings	-639.03	-	52.17	424.84	420.85	334.45
Comprehensive Income & Other	-	-	-	-	5.27	4.69
Total Common Equity	415.88	982.66	1,107	1,480	1,488	1,400
Minority Interest	-0.14	-	-0.14	-0.16	9.96	15.07
Shareholders' Equity	415.74	982.51	1,107	1,480	1,497	1,415
Total Liabilities & Equity	1,079	-	2,167	2,986	3,286	3,159
Total Debt	78.9	-	69.13	481.3	662.73	584.8
Net Cash (Debt)	310.31	302.56	392.73	170.77	306.31	-46.25
Net Cash Growth	-7.01%	-22.96%	129.97%	-44.25%	-	-
Net Cash Per Share	0.72	0.70	0.91	0.40	0.71	-0.11
Filing Date Shares Outstanding	429.91	430.03	430.06	430.06	430.06	430.06
Total Common Shares Outstanding	429.91	430.03	430.06	430.06	430.06	430.06
Working Capital	243.47	-	255.96	547.75	356.01	295.19
Book Value Per Share	0.97	2.28	2.57	3.44	3.46	3.25
Tangible Book Value	397.21	924.55	1,042	1,377	1,410	1,337
Tangible Book Value Per Share	0.92	2.15	2.42	3.20	3.28	3.11
Buildings	-	-	365.23	364.07	358.16	168.95
Machinery	-	-	290.47	284.8	291.34	292.97
Construction In Progress	-	-	-	0.05	0.01	119.98

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