SHE:300221 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	88.23	97.81	115.81	44.06	98.46	105.75
Short-Term Investments	-	-	10.92	63.87	72.16	-
Trading Asset Securities	0.15	-	1.5	3.13	130.48	88.78
Cash & Short-Term Investments	88.38	97.81	128.24	111.07	301.11	194.53
Cash Growth	-6.01%	-23.73%	15.46%	-63.11%	54.78%	54.21%
Accounts Receivable	855.16	764.81	834.69	671.11	608.11	958.08
Other Receivables	8.18	8.81	15.07	10.77	5.89	15.21
Receivables	863.34	773.62	849.76	681.89	613.99	973.29
Inventory	357.03	282.68	306.32	205.68	250.27	281.36
Prepaid Expenses	-	0.08	0.06	-	-	-
Other Current Assets	105.39	75.95	84.05	52.47	53.34	45.61
Total Current Assets	1,414	1,230	1,368	1,051	1,219	1,495
Property, Plant & Equipment	748.85	749.01	686.09	613.69	369.85	344.38
Long-Term Investments	29.77	12.06	14.63	14.89	21.53	18.67
Goodwill	-	-	-	-	14.3	14.3
Other Intangible Assets	87	87.62	89.9	100.59	103.04	46.26
Long-Term Accounts Receivable	-	5.7	12.17	-	2.25	3.44
Long-Term Deferred Tax Assets	10.34	9.25	11.3	11.24	10.48	10.63
Long-Term Deferred Charges	43.19	45.44	49.95	16.33	10.55	10.08
Other Long-Term Assets	99.89	81.22	100.54	37.42	22.36	9.99
Total Assets	2,433	2,220	2,333	1,845	1,773	1,953
Accounts Payable	419.25	294.08	461.48	256.42	300.03	375.21
Accrued Expenses	34	51.72	31.37	30.75	24.97	39.32
Short-Term Debt	202.42	140.96	203.61	53.55	55.99	206.3
Current Portion of Long-Term Debt	43.07	26.28	20.86	5.25	-	-
Current Portion of Leases	-	17.15	15.81	8.27	10.7	10.16
Current Income Taxes Payable	6.59	0.2	0.28	0.03	0.02	0.09
Current Unearned Revenue	7.84	6.91	2.58	0.79	2.07	2.85
Other Current Liabilities	42.67	46.02	81.56	61.27	83.61	122.41
Total Current Liabilities	755.84	583.33	817.55	416.35	477.39	756.35
Long-Term Debt	68.82	68.82	63.89	44.79	-	-
Long-Term Leases	54.02	57.2	71.57	47.68	18.59	25.73
Long-Term Unearned Revenue	2.95	2.95	0.5	0.79	0.29	1.31
Long-Term Deferred Tax Liabilities	11.9	9.67	10.1	6.81	6.24	1.98
Total Liabilities	893.52	721.96	963.61	516.43	502.5	785.37
Common Stock	473.75	473.75	477.82	474.56	474.56	476.21
Additional Paid-In Capital	733.59	732.13	1,008	1,018	1,009	941.16
Retained Earnings	335.44	297.02	-77.94	-129.38	-156.41	-151.01
Treasury Stock	-34.46	-34.46	-62.99	-56.9	-77.44	-110.06
Comprehensive Income & Other	-2.47	-2.93	-2.53	-2.24	-2.78	-5.72
Total Common Equity	1,506	1,466	1,343	1,304	1,247	1,151
Minority Interest	33.79	32.95	26.62	24.97	23.68	16.61
Shareholders' Equity	1,540	1,498	1,369	1,329	1,271	1,167
Total Liabilities & Equity	2,433	2,220	2,333	1,845	1,773	1,953
Total Debt	368.32	310.41	375.74	159.55	85.28	242.19
Net Cash (Debt)	-279.94	-212.6	-247.51	-48.49	215.83	-47.66
Net Cash Per Share	-0.60	-0.45	-0.54	-0.11	0.49	-0.10
Filing Date Shares Outstanding	462.36	473.75	477.82	474.56	474.56	476.21
Total Common Shares Outstanding	462.36	473.75	477.82	474.56	474.56	476.21
Working Capital	658.3	646.8	550.89	634.76	741.33	738.45
Book Value Per Share	3.26	3.09	2.81	2.75	2.63	2.42
Tangible Book Value	1,419	1,378	1,253	1,203	1,130	1,090
Tangible Book Value Per Share	3.07	2.91	2.62	2.54	2.38	2.29
Land	-	-	-	38.52	2.95	4.04
Buildings	-	494.87	494.51	242.73	258.88	258.88
Machinery	-	351.52	333.53	241.02	289.18	270.42
Construction In Progress	-	118.18	16.23	304.02	66.1	33.63

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