SHE:300305 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	Dec '21 Dec 31, 2021
Cash & Equivalents	433.69	401.46	739.32	411.36	386.52	476.65
Cash & Short-Term Investments	433.69	401.46	739.32	411.36	386.52	476.65
Cash Growth	-28.92%	-45.70%	79.73%	6.43%	-18.91%	-33.10%
Accounts Receivable	322.82	342.16	417.7	660.02	739.47	492.69
Other Receivables	7.49	7.41	7.46	11.83	7.11	27.36
Receivables	330.31	349.57	425.15	671.86	746.58	520.05
Inventory	295.88	280.66	334.27	312.68	175.66	83.52
Other Current Assets	271.21	306.28	102.5	146.88	70.95	40.77
Total Current Assets	1,331	1,338	1,601	1,543	1,380	1,121
Property, Plant & Equipment	1,670	1,700	1,781	1,736	1,559	826.93
Long-Term Investments	63.73	51.13	44.49	38.95	46.68	41.81
Other Intangible Assets	117.79	118.46	120.4	123.33	78.88	63.11
Long-Term Deferred Tax Assets	102.62	103.04	79.1	7.59	3.19	2.44
Long-Term Deferred Charges	0.52	0.58	-	-	-	0.06
Other Long-Term Assets	1.24	12.26	6.32	11.85	5.89	66.57
Total Assets	3,287	3,324	3,632	3,460	3,073	2,122
Accounts Payable	136.26	156.96	172.85	201.31	292.64	123.03
Accrued Expenses	0.55	3.82	22.08	8.88	27.17	30.91
Short-Term Debt	263.19	242.17	262.2	407.97	186.18	86.1
Current Portion of Long-Term Debt	82.94	80.57	26.68	66.32	1.31	-
Current Income Taxes Payable	2.28	0.23	0.08	0.34	0.15	0.23
Current Unearned Revenue	15.99	8.89	5.25	2.84	6.65	9.97
Other Current Liabilities	47.36	40.21	93.82	104.22	1.13	1.48
Total Current Liabilities	548.57	532.84	582.95	791.89	515.22	251.72
Long-Term Debt	671.38	675.17	701.98	646.93	525.31	-
Long-Term Unearned Revenue	56.89	59.33	52.92	52.77	45.44	52.17
Long-Term Deferred Tax Liabilities	-	-	13.01	13.01	13.01	-
Total Liabilities	1,277	1,267	1,351	1,505	1,099	303.89
Common Stock	375.4	375.4	375.4	288.76	288.75	288.75
Additional Paid-In Capital	1,160	1,158	1,184	590.31	592.98	597.37
Retained Earnings	399.78	448.39	703.95	1,067	1,091	1,029
Treasury Stock	-	-	-57.15	-63.7	-72.43	-97.59
Comprehensive Income & Other	73.7	73.7	73.71	73.73	73.74	-
Total Common Equity	2,009	2,055	2,280	1,956	1,974	1,818
Minority Interest	1.23	1.27	1.62	-	-	-
Shareholders' Equity	2,010	2,057	2,281	1,956	1,974	1,818
Total Liabilities & Equity	3,287	3,324	3,632	3,460	3,073	2,122
Total Debt	1,018	997.91	990.85	1,121	712.79	86.1
Net Cash (Debt)	-583.82	-596.44	-251.53	-709.87	-326.27	390.54
Net Cash Growth	-	-	-	-	-	-37.26%
Net Cash Per Share	-1.56	-1.59	-0.69	-2.50	-1.13	1.37
Filing Date Shares Outstanding	375.37	375.4	370.81	370.8	284.17	282.19
Total Common Shares Outstanding	375.37	375.4	370.81	284.17	284.17	282.19
Working Capital	782.53	805.14	1,018	750.89	864.5	869.27
Book Value Per Share	5.35	5.48	6.15	6.88	6.95	6.44
Tangible Book Value	1,891	1,937	2,159	1,832	1,896	1,755
Tangible Book Value Per Share	5.04	5.16	5.82	6.45	6.67	6.22
Buildings	-	645.57	645.23	508.01	392.18	162.86
Machinery	-	1,805	1,724	1,886	1,307	800.86
Construction In Progress	-	167.69	280.57	85.29	468.95	375.53

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