SHE:300287 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	67.79	99.07	123.33	115.1	131.22	187.76
Cash & Short-Term Investments	67.79	99.07	123.33	115.1	131.22	187.76
Cash Growth	-23.63%	-19.66%	7.15%	-12.29%	-30.11%	-16.90%
Accounts Receivable	441.74	427.18	653.57	752.05	1,047	1,060
Other Receivables	33.78	27.68	73.9	79.62	100.61	144.32
Receivables	475.52	454.86	727.47	831.67	1,147	1,204
Inventory	169.13	190.02	262.59	390.59	346.04	467.41
Prepaid Expenses	-	-	1.17	0.68	1.27	16.56
Other Current Assets	66.83	60.62	58.99	125.56	146.89	140.03
Total Current Assets	779.27	804.58	1,174	1,464	1,773	2,016
Property, Plant & Equipment	623.22	633.36	654.9	671.57	667.91	537.75
Long-Term Investments	267.28	267.51	271.88	272.82	300.62	323.51
Goodwill	-	-	7.54	14.19	59.8	59.8
Other Intangible Assets	32.83	33.33	39.95	43.31	44.49	110.56
Long-Term Accounts Receivable	-	-	31.91	42.3	30.08	52.71
Long-Term Deferred Tax Assets	23.81	23.78	28.9	27.79	26.65	141.38
Long-Term Deferred Charges	0.32	0.39	0.69	0.37	2.31	4.37
Other Long-Term Assets	147.61	149.96	132.55	144.52	164.35	172.13
Total Assets	1,874	1,913	2,342	2,680	3,069	3,418
Accounts Payable	451.17	463.68	618.32	708.67	742.2	707.64
Accrued Expenses	25.23	19.71	156.58	154.83	169.42	109.39
Short-Term Debt	20.5	18.5	16.59	16.45	35.5	7.76
Current Portion of Long-Term Debt	12.26	8.54	2.57	3.49	2.83	-
Current Portion of Leases	-	-	0.43	12.04	16.39	15.9
Current Income Taxes Payable	92.24	91.86	5.08	5.23	5.02	5.55
Current Unearned Revenue	159.28	161.27	237.27	273.97	276.72	234.09
Other Current Liabilities	87.96	90.94	97.28	86.88	98.7	135.77
Total Current Liabilities	848.63	854.49	1,134	1,262	1,347	1,216
Long-Term Debt	2.9	2.9	2.73	-	2.35	-
Long-Term Leases	8.27	8.22	0.17	0.66	8.9	26.37
Long-Term Unearned Revenue	9.92	10.02	10.42	12.36	14.31	16.25
Long-Term Deferred Tax Liabilities	18.57	18.87	17.89	20.8	24.04	20.75
Other Long-Term Liabilities	2.61	6.51	6.13	7.19	12.48	6.72
Total Liabilities	890.91	901.02	1,171	1,303	1,409	1,286
Common Stock	1,435	1,435	1,435	1,435	1,435	1,435
Additional Paid-In Capital	3,307	3,307	3,307	3,307	3,307	3,305
Retained Earnings	-3,735	-3,706	-3,549	-3,342	-3,060	-2,591
Comprehensive Income & Other	-17.16	-17.42	-17.62	-17.83	-17.89	-18.17
Total Common Equity	990.59	1,019	1,176	1,383	1,664	2,131
Minority Interest	-7.16	-7.06	-5.15	-4.67	-4.23	0.71
Shareholders' Equity	983.42	1,012	1,170	1,378	1,660	2,132
Total Liabilities & Equity	1,874	1,913	2,342	2,680	3,069	3,418
Total Debt	43.92	38.16	22.49	32.64	65.97	50.03
Net Cash (Debt)	23.86	60.91	100.83	82.46	65.25	137.72
Net Cash Growth	-63.86%	-39.59%	22.29%	26.37%	-52.62%	-11.68%
Net Cash Per Share	0.02	0.04	0.07	0.06	0.05	0.10
Filing Date Shares Outstanding	1,437	1,389	1,435	1,435	1,435	1,435
Total Common Shares Outstanding	1,437	1,389	1,435	1,435	1,435	1,435
Working Capital	-69.36	-49.92	39.41	202.06	425.86	799.88
Book Value Per Share	0.69	0.73	0.82	0.96	1.16	1.48
Tangible Book Value	957.76	985.62	1,128	1,325	1,560	1,961
Tangible Book Value Per Share	0.67	0.71	0.79	0.92	1.09	1.37
Buildings	-	-	483.89	207.39	207.39	207.38
Machinery	-	-	315.53	270.14	274.7	276.28
Construction In Progress	-	-	73.95	371.42	330.36	158.76

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