SHE:300352 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	43.65	46.96	82.12	131.4	182.67	56.76
Trading Asset Securities	12.5	-	-	80.05	80.24	328.27
Cash & Short-Term Investments	56.15	46.96	82.12	211.45	262.91	385.02
Cash Growth	-30.76%	-42.81%	-61.16%	-19.57%	-31.72%	-19.36%
Accounts Receivable	271.4	323	578.85	592.67	436.6	642.32
Other Receivables	26.41	26.38	40.65	44.16	31.01	31.68
Receivables	297.81	349.37	619.5	636.82	467.61	674
Inventory	279.51	277.23	308.63	357.26	724.28	624.92
Prepaid Expenses	-	0.1	0.01	0	-	-
Other Current Assets	39.27	41.42	44.21	75.74	133.04	151.32
Total Current Assets	672.73	715.08	1,054	1,281	1,588	1,835
Property, Plant & Equipment	332.25	334.07	314.03	303.81	264.16	268.93
Long-Term Investments	197.67	198.88	208.61	217.2	230.5	226.1
Goodwill	38.62	38.62	43.79	49.46	54.01	56.98
Other Intangible Assets	233.09	243.7	286	283.67	273.52	256.46
Long-Term Deferred Tax Assets	258.53	258.53	237.45	216.7	213.41	160.08
Long-Term Deferred Charges	3.02	2.84	3.14	4.34	5.69	5.63
Other Long-Term Assets	11.43	11.43	21.41	21.41	21.41	21.41
Total Assets	1,747	1,803	2,169	2,378	2,651	2,831
Accounts Payable	145.31	139.14	217.83	212.22	518.96	397.91
Accrued Expenses	61.96	37.16	21.35	47.46	34.96	144.13
Short-Term Debt	92.12	149.74	207.15	184.82	181.41	165.57
Current Portion of Leases	-	5.88	20.18	16.35	12.04	12.73
Current Income Taxes Payable	5.7	1.91	1.9	1.89	2.08	2.65
Current Unearned Revenue	215.84	216.06	181.38	260.04	257.29	283.72
Other Current Liabilities	214.59	195.85	123.8	108.8	70.14	66.04
Total Current Liabilities	741.29	745.74	773.58	831.58	1,077	1,073
Long-Term Leases	2.24	2.72	2.13	9.22	25.18	25.69
Long-Term Unearned Revenue	4.22	4.22	0.29	0.45	0.66	1.39
Long-Term Deferred Tax Liabilities	1.73	1.73	2.7	4.66	5.85	0.59
Total Liabilities	749.48	754.41	778.7	845.9	1,109	1,100
Common Stock	1,450	1,450	1,450	1,450	1,450	1,450
Additional Paid-In Capital	318.66	318.66	318.66	315.88	315.88	315.88
Retained Earnings	-736.7	-686.33	-348.32	-204.66	-211.24	-24.29
Comprehensive Income & Other	-21.85	-21.85	-21.85	-17.68	-3.39	-3.01
Total Common Equity	1,010	1,060	1,398	1,543	1,551	1,738
Minority Interest	-12.07	-11.56	-8.12	-11.38	-9.09	-7.97
Shareholders' Equity	997.86	1,049	1,390	1,532	1,542	1,730
Total Liabilities & Equity	1,747	1,803	2,169	2,378	2,651	2,831
Total Debt	100.12	158.34	229.46	210.39	218.64	204
Net Cash (Debt)	-43.98	-111.38	-147.34	1.06	44.28	181.03
Net Cash Growth	-	-	-	-97.61%	-75.54%	-54.86%
Net Cash Per Share	-0.03	-0.08	-0.10	0.00	0.03	0.12
Filing Date Shares Outstanding	1,450	1,450	1,450	1,450	1,450	1,450
Total Common Shares Outstanding	1,450	1,450	1,450	1,450	1,450	1,450
Working Capital	-68.55	-30.66	280.88	449.69	510.96	762.51
Book Value Per Share	0.70	0.73	0.96	1.06	1.07	1.20
Tangible Book Value	738.22	777.98	1,069	1,210	1,224	1,425
Tangible Book Value Per Share	0.51	0.54	0.74	0.83	0.84	0.98
Buildings	-	71.33	71.33	71.22	71.35	71.13
Machinery	-	73.9	92.54	91.74	93.01	90.92
Construction In Progress	-	259.24	231.68	208.12	154.88	151.29

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