SHE:300318 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	142.52	121.83	77.26	104.93	113.6	39.39
Cash & Short-Term Investments	142.52	121.83	77.26	104.93	113.6	39.39
Cash Growth	-50.31%	57.69%	-26.36%	-7.64%	188.36%	-11.66%
Accounts Receivable	110.01	93.24	59.34	53.9	82.41	94.85
Other Receivables	4.54	25.83	67.15	96.47	58.03	106.79
Receivables	114.55	119.07	126.49	150.37	140.43	201.64
Inventory	1,174	1,144	1,011	854.56	870.52	820.95
Prepaid Expenses	-	-	-	0.08	0.03	0.01
Other Current Assets	49.59	41.69	11.31	14.69	15.55	17.56
Total Current Assets	1,481	1,427	1,226	1,125	1,140	1,080
Property, Plant & Equipment	1,513	1,504	1,504	1,478	1,392	1,227
Long-Term Investments	9.61	9.61	10.91	11.82	16.81	16.81
Goodwill	786.27	786.27	786.27	786.27	786.27	802.19
Other Intangible Assets	374.97	374.88	346.61	297.33	310.43	370.84
Long-Term Deferred Tax Assets	4.56	5.83	3.6	3.68	2.72	2.38
Long-Term Deferred Charges	71.69	80.55	124	90.34	73.3	56.25
Other Long-Term Assets	117.02	116.33	123.64	134.23	186.32	135.03
Total Assets	4,357	4,304	4,126	3,926	3,908	3,690
Accounts Payable	218.7	220.4	229.03	261.19	302.37	227.13
Accrued Expenses	32.17	59.07	62.55	66	86.99	60.89
Short-Term Debt	198.09	404.56	451.94	365.51	423.47	434.89
Current Portion of Long-Term Debt	248.43	250.25	163.6	54.36	28.35	23.38
Current Portion of Leases	-	-	7.56	6.76	3.56	2.53
Current Income Taxes Payable	15.97	11.86	3.91	14.11	8.36	2.12
Current Unearned Revenue	14.21	13.62	20.22	22.7	40.3	21.59
Other Current Liabilities	855.03	571.01	275.13	274.23	229.44	1,762
Total Current Liabilities	1,583	1,531	1,214	1,065	1,123	2,535
Long-Term Debt	444.05	436.96	389.88	340.93	313.68	83.58
Long-Term Leases	36.66	34.98	38.23	39.49	18.93	8.31
Long-Term Unearned Revenue	21.28	21.33	29.51	31.62	17.51	17.75
Long-Term Deferred Tax Liabilities	101.3	101.68	103.45	107.29	108.94	110.87
Other Long-Term Liabilities	3.21	2.54	1.43	1.29	2.62	2.03
Total Liabilities	2,189	2,128	1,776	1,585	1,585	2,757
Common Stock	816.9	816.9	816.9	816.9	816.9	816.9
Additional Paid-In Capital	751.76	751.76	754.22	754.22	754.22	260.76
Retained Earnings	-294.1	-286.82	-194.89	-204.14	-179.21	-100.68
Comprehensive Income & Other	4.48	3.34	2.46	2.56	1.42	-2.23
Total Common Equity	1,279	1,285	1,379	1,370	1,393	974.75
Minority Interest	889.3	890.81	970.44	971.01	930.17	-42.01
Shareholders' Equity	2,168	2,176	2,349	2,341	2,323	932.75
Total Liabilities & Equity	4,357	4,304	4,126	3,926	3,908	3,690
Total Debt	927.24	1,127	1,051	807.04	787.99	552.68
Net Cash (Debt)	-784.71	-1,005	-973.95	-702.11	-674.39	-513.29
Net Cash Per Share	-0.96	-1.23	-1.19	-0.86	-0.83	-0.63
Filing Date Shares Outstanding	818.56	814.72	816.9	816.9	816.9	816.9
Total Common Shares Outstanding	818.56	814.72	816.9	816.9	816.9	816.9
Working Capital	-102.05	-103.73	12.39	59.78	17.29	-1,455
Book Value Per Share	1.56	1.58	1.69	1.68	1.71	1.19
Tangible Book Value	117.8	124.03	245.81	285.94	296.63	-198.28
Tangible Book Value Per Share	0.14	0.15	0.30	0.35	0.36	-0.24
Buildings	-	-	558.46	538.42	527.25	523.98
Machinery	-	-	633.52	639.97	649.6	629.9
Construction In Progress	-	-	933.12	888.36	809.66	629.95

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