SHE:300255 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	187.32	128	236.44	230.92	797.8	543.21
Cash & Short-Term Investments	187.32	128	236.44	230.92	797.8	543.21
Cash Growth	-33.29%	-45.86%	2.39%	-71.06%	46.87%	12.93%
Accounts Receivable	306.27	251.19	265.74	238.08	452.99	317.09
Other Receivables	13.76	58.36	42.55	80.43	43.03	39.24
Receivables	320.02	309.55	308.29	318.52	496.02	356.33
Inventory	1,181	1,232	1,386	1,644	2,431	2,285
Prepaid Expenses	-	0.09	0.08	-	0.02	0.29
Other Current Assets	90	42.22	71.86	82.14	172.24	223.68
Total Current Assets	1,778	1,712	2,002	2,276	3,898	3,408
Property, Plant & Equipment	1,803	1,790	1,713	1,591	1,483	1,193
Long-Term Investments	-	-	-	-	1.46	5.8
Goodwill	-	-	-	-	1.78	3.56
Other Intangible Assets	311.05	313.57	308.13	320.55	263.82	274.06
Long-Term Deferred Tax Assets	17.6	19.43	21.89	20.97	11.78	14
Long-Term Deferred Charges	502.37	493.62	432.58	361.03	286.26	219.84
Other Long-Term Assets	26.66	22.31	44.32	26.65	89.82	71.56
Total Assets	4,439	4,351	4,523	4,596	6,036	5,190
Accounts Payable	399.64	434.64	307.47	263.38	249.81	106.49
Accrued Expenses	23.49	29.42	28.17	37.46	54.25	36.57
Short-Term Debt	1,557	1,318	887.55	967.22	1,010	1,272
Current Portion of Long-Term Debt	-	540.13	873.18	586.14	351.6	134.22
Current Portion of Leases	-	80.28	56.88	0.39	-	-
Current Income Taxes Payable	6.07	0.89	2.36	1.14	3.45	23.62
Current Unearned Revenue	9.36	9.82	14.53	20.8	47.45	65.86
Other Current Liabilities	401.05	70.81	32.65	44.4	71.65	95.31
Total Current Liabilities	2,396	2,484	2,203	1,921	1,788	1,734
Long-Term Debt	775.93	584.32	659.47	811.76	1,129	332.47
Long-Term Leases	0.72	42.25	64.44	1.26	-	-
Long-Term Unearned Revenue	66.28	66.73	60.01	62.48	64.8	51.02
Long-Term Deferred Tax Liabilities	0.25	0.26	0.31	0.35	0.19	0.2
Other Long-Term Liabilities	27.25	5.27	-	-	-	-
Total Liabilities	3,267	3,183	2,987	2,797	2,982	2,118
Common Stock	919.06	919.06	919.06	919.06	934.97	934.97
Additional Paid-In Capital	422.74	422.74	422.74	422.74	526.84	526.84
Retained Earnings	-131.51	-137.38	220.52	469.99	1,794	1,800
Treasury Stock	-	-	-	-	-120.01	-120.01
Comprehensive Income & Other	-0.14	-0.27	-0.05	-0.13	-77.86	-73.5
Total Common Equity	1,210	1,204	1,562	1,812	3,058	3,069
Minority Interest	-38.58	-36.08	-26.52	-11.97	-4.02	3.34
Shareholders' Equity	1,172	1,168	1,536	1,800	3,054	3,072
Total Liabilities & Equity	4,439	4,351	4,523	4,596	6,036	5,190
Total Debt	2,334	2,565	2,542	2,367	2,490	1,739
Net Cash (Debt)	-2,146	-2,437	-2,305	-2,136	-1,692	-1,195
Net Cash Per Share	-2.34	-2.66	-2.49	-2.32	-1.93	-1.28
Filing Date Shares Outstanding	919.06	919.06	919.06	919.06	919.06	919.06
Total Common Shares Outstanding	919.06	919.06	919.06	919.06	919.06	919.06
Working Capital	-618.56	-772.01	-200.38	354.94	2,110	1,674
Book Value Per Share	1.32	1.31	1.70	1.97	3.33	3.34
Tangible Book Value	899.1	890.57	1,254	1,491	2,792	2,791
Tangible Book Value Per Share	0.98	0.97	1.36	1.62	3.04	3.04
Buildings	-	936.24	932.88	915.66	808.9	701.24
Machinery	-	538.89	538.71	545.8	389.26	339.53
Construction In Progress	-	839.2	708.97	547.74	642.27	462.72

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