SHE:300322 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	271.49	227.14	353.96	454.54	627.63	606.4
Trading Asset Securities	62.2	157.7	-	-	-	-
Cash & Short-Term Investments	333.68	384.85	353.96	454.54	627.63	606.4
Cash Growth	-33.77%	8.73%	-22.13%	-27.58%	3.50%	-34.28%
Accounts Receivable	1,257	1,285	963	759.1	646.79	727.5
Other Receivables	20.99	21.1	20.68	12.12	31.47	25.27
Receivables	1,278	1,306	983.68	771.22	678.26	752.77
Inventory	563.14	528.99	383.59	277.07	313.08	328.9
Prepaid Expenses	-	-	-	-	-	0.11
Other Current Assets	135.78	151.15	197.52	118.56	136.09	159.02
Total Current Assets	2,310	2,371	1,919	1,621	1,755	1,847
Property, Plant & Equipment	757.93	737.12	642.32	695.53	742.18	658.26
Long-Term Investments	178.7	178.7	180.04	200	236.29	182.85
Goodwill	18.97	18.97	18.97	40.82	50.43	50.92
Other Intangible Assets	201.54	203.46	192.07	195.32	54.57	54.99
Long-Term Deferred Tax Assets	66.95	67.49	65.42	76.27	68.78	36.86
Long-Term Deferred Charges	37.4	36.58	25.92	31.27	37.46	27.59
Other Long-Term Assets	1.55	3.82	20.71	22.93	49.4	39.25
Total Assets	3,573	3,617	3,064	2,884	2,994	2,898
Accounts Payable	732.17	837.89	523.38	451.63	518.7	517.17
Accrued Expenses	56.63	89.86	71.58	58.8	60.55	40.09
Short-Term Debt	1,059	993.81	960.62	813.03	538.35	582.31
Current Portion of Long-Term Debt	93.38	81.37	99.19	109.32	114.8	43.4
Current Portion of Leases	-	6.68	7.01	5.64	3.83	10.18
Current Income Taxes Payable	12.88	4.81	1.44	2.91	5.18	2.63
Current Unearned Revenue	11.79	9.15	8.06	8.67	5.3	4.86
Other Current Liabilities	109.43	92.72	147.34	56.18	113.06	35.07
Total Current Liabilities	2,075	2,116	1,819	1,506	1,360	1,236
Long-Term Debt	279.61	286.5	100.45	134.62	172.46	129.98
Long-Term Leases	31.97	35.5	9.23	14.9	17.87	15.31
Long-Term Unearned Revenue	88.96	91.71	104.9	125.91	137.57	81.22
Long-Term Deferred Tax Liabilities	-	-	-	8.24	8.54	4.7
Total Liabilities	2,476	2,530	2,033	1,790	1,696	1,467
Common Stock	460.04	460.04	465.75	465.75	465.75	465.75
Additional Paid-In Capital	545.72	545.72	610.05	610.85	613.67	612.83
Retained Earnings	14.28	3.85	-60.83	3.62	198.19	295.5
Treasury Stock	-	-	-50.01	-50.01	-50.01	-
Comprehensive Income & Other	-1.93	-0.54	3.41	3.85	3.41	2.63
Total Common Equity	1,018	1,009	968.36	1,034	1,231	1,377
Minority Interest	79.48	77.73	62.64	59.64	66.92	54.29
Shareholders' Equity	1,098	1,087	1,031	1,094	1,298	1,431
Total Liabilities & Equity	3,573	3,617	3,064	2,884	2,994	2,898
Total Debt	1,464	1,404	1,176	1,078	847.32	781.18
Net Cash (Debt)	-1,130	-1,019	-822.53	-622.97	-219.69	-174.78
Net Cash Per Share	-2.40	-2.21	-1.79	-1.34	-0.48	-0.37
Filing Date Shares Outstanding	521.42	460.04	460.81	460.81	460.81	465.75
Total Common Shares Outstanding	521.42	460.04	460.81	460.81	460.81	465.75
Working Capital	235.07	254.35	100.11	115.22	395.27	611.5
Book Value Per Share	1.95	2.19	2.10	2.24	2.67	2.96
Tangible Book Value	797.6	786.63	757.32	797.92	1,126	1,271
Tangible Book Value Per Share	1.53	1.71	1.64	1.73	2.44	2.73
Buildings	-	437.45	353.66	408.13	381.77	279.8
Machinery	-	691.4	640.77	648.35	659.86	554.21
Construction In Progress	71.46	44.59	71.89	24.11	40.73	103.19

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