SHE:300210 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	28.76	47.57	27.98	141.8	46.74	87.83
Cash & Short-Term Investments	28.76	47.57	27.98	141.8	46.74	87.83
Cash Growth	44.71%	69.98%	-80.27%	203.39%	-46.79%	-38.64%
Accounts Receivable	141.19	182.04	179.44	149.6	230.64	245.08
Other Receivables	35.18	33.72	31.18	26.39	23.02	65.9
Receivables	176.37	215.76	210.62	176	253.66	310.99
Inventory	186.12	179.44	222.28	155.8	272.53	297.03
Prepaid Expenses	-	0.36	0.22	0.35	-	-
Other Current Assets	39.88	11.92	15.98	17.46	20.97	25.54
Total Current Assets	431.13	455.05	477.08	491.41	593.9	721.39
Property, Plant & Equipment	299.79	303.66	325.12	345.12	312.64	335.96
Long-Term Investments	146.05	146.05	146.58	155.53	186.73	258.37
Other Intangible Assets	58.87	60.15	63.06	66.66	71.56	76.32
Long-Term Accounts Receivable	-	17.44	15.42	1.6	8.47	23.43
Long-Term Deferred Tax Assets	-	-	-	-	-	44.34
Long-Term Deferred Charges	-	-	-	-	-	1.33
Other Long-Term Assets	38.29	22.39	14.61	14.95	17.01	30.1
Total Assets	974.13	1,005	1,042	1,075	1,190	1,491
Accounts Payable	116.25	124.3	128.71	95.76	103.92	107.83
Accrued Expenses	2.39	17.93	13.49	8.35	22.01	15
Short-Term Debt	212	221.01	340.9	356.46	330.89	428.17
Current Portion of Long-Term Debt	0.13	-	-	-	-	-
Current Income Taxes Payable	8.28	2.56	2.61	2.56	2.55	2.76
Current Unearned Revenue	13.87	11.85	15.95	15.44	14.73	18.38
Other Current Liabilities	73.29	66.44	69.63	72.31	74.32	32.47
Total Current Liabilities	426.21	444.08	571.3	550.88	548.42	604.61
Long-Term Debt	-	100.27	-	-	-	-
Long-Term Unearned Revenue	55.51	55.85	57.19	60.54	61.89	64.3
Long-Term Deferred Tax Liabilities	0.91	0.93	0.98	1.05	1.32	1.39
Other Long-Term Liabilities	116.9	16.66	7.94	7.38	8.79	6.66
Total Liabilities	599.53	617.79	637.41	619.84	620.42	676.96
Common Stock	484.22	484.22	484.22	484.22	484.22	484.22
Additional Paid-In Capital	195.59	195.59	193.69	193.53	193.53	193.53
Retained Earnings	-309.94	-298.23	-279.99	-230.12	-115.45	129.4
Comprehensive Income & Other	5.06	5.12	6.17	7.19	6.9	6.14
Total Common Equity	374.93	386.7	404.08	454.83	569.2	813.29
Minority Interest	-0.32	0.25	0.37	0.6	0.7	0.98
Shareholders' Equity	374.6	386.95	404.45	455.42	569.89	814.28
Total Liabilities & Equity	974.13	1,005	1,042	1,075	1,190	1,491
Total Debt	212.13	321.27	340.9	356.46	330.89	428.17
Net Cash (Debt)	-183.38	-273.7	-312.92	-214.66	-284.15	-340.34
Net Cash Per Share	-0.37	-0.60	-0.63	-0.45	-0.59	-0.71
Filing Date Shares Outstanding	585.67	484.22	484.22	484.22	484.22	484.22
Total Common Shares Outstanding	585.67	484.22	484.22	484.22	484.22	484.22
Working Capital	4.92	10.97	-94.22	-59.47	45.48	116.78
Book Value Per Share	0.64	0.80	0.83	0.94	1.18	1.68
Tangible Book Value	316.06	326.55	341.03	388.16	497.63	736.97
Tangible Book Value Per Share	0.54	0.67	0.70	0.80	1.03	1.52
Buildings	-	235.35	235.35	233.29	243.3	243.3
Machinery	-	266.8	270.33	263.61	212.11	213.16
Construction In Progress	-	32.34	33.19	32.74	32.98	35.34

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.