SHE:300374 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	557.82	402.38	375.99	273.59	162.21	164.56
Cash & Short-Term Investments	557.82	402.38	375.99	273.59	162.21	164.56
Cash Growth	17.78%	7.02%	37.43%	68.67%	-1.43%	-27.71%
Accounts Receivable	1,880	2,186	1,894	1,246	1,017	1,049
Other Receivables	25.77	26.36	20.81	30.85	21.91	22.01
Receivables	1,906	2,212	1,914	1,277	1,039	1,071
Inventory	135.96	82.02	82.54	71.84	56.69	73.15
Prepaid Expenses	-	4.35	2.37	2.01	0.55	2.35
Other Current Assets	150.22	85.13	72.73	76.13	65.19	70.55
Total Current Assets	2,750	2,786	2,448	1,701	1,323	1,382
Property, Plant & Equipment	841.18	855.75	943.91	1,215	1,296	1,370
Long-Term Investments	0.38	0.38	0.64	2.59	10.31	11.68
Other Intangible Assets	78.69	79.49	84.58	89.44	95.37	95.29
Long-Term Accounts Receivable	-	37.29	31.72	9.38	5.83	6.56
Long-Term Deferred Tax Assets	189.11	179.92	203.66	201.13	183.63	135.33
Other Long-Term Assets	398.46	364.83	317.53	56.27	43.45	116.83
Total Assets	4,258	4,303	4,030	3,274	2,958	3,118
Accounts Payable	1,816	1,692	1,381	824.02	712.72	584.65
Accrued Expenses	4.65	307.43	248.11	219.44	6.05	3.38
Short-Term Debt	1,333	1,154	1,238	1,136	1,181	1,190
Current Portion of Long-Term Debt	18.24	-	-	-	-	10
Current Portion of Leases	-	-	-	-	-	0.79
Current Income Taxes Payable	2.14	1.14	0.04	-	-	-
Current Unearned Revenue	218.08	213.91	64.57	37.76	11.19	10.63
Other Current Liabilities	114.73	148.02	199.82	139.77	59.98	70.07
Total Current Liabilities	3,506	3,516	3,132	2,357	1,971	1,870
Long-Term Debt	-	-	-	15.44	25.22	25
Long-Term Leases	-	-	-	-	-	11.79
Long-Term Unearned Revenue	13.17	14.18	18.23	23.04	28.31	33.58
Long-Term Deferred Tax Liabilities	-	-	-	0.62	0.43	0.51
Other Long-Term Liabilities	28.14	29.64	38.66	15.4	1.03	5.5
Total Liabilities	3,548	3,560	3,189	2,412	2,026	1,946
Common Stock	245.91	245.91	245.91	245.91	245.91	245.91
Additional Paid-In Capital	951.38	951.38	926.62	882.52	782.21	761.12
Retained Earnings	-486.02	-452.62	-321.79	-258.07	-95.34	164.67
Comprehensive Income & Other	-1.1	-1.1	-9.38	-7.72	-1.16	-
Total Common Equity	710.18	743.58	841.36	862.64	931.62	1,172
Shareholders' Equity	710.18	743.58	841.36	862.64	931.62	1,172
Total Liabilities & Equity	4,258	4,303	4,030	3,274	2,958	3,118
Total Debt	1,351	1,154	1,238	1,152	1,206	1,238
Net Cash (Debt)	-793.33	-751.34	-861.97	-878	-1,044	-1,073
Net Cash Per Share	-3.23	-3.05	-3.52	-3.56	-4.25	-4.37
Filing Date Shares Outstanding	238.56	245.91	245.91	245.91	245.91	245.91
Total Common Shares Outstanding	238.56	245.91	245.91	245.91	245.91	245.91
Working Capital	-756.33	-730.27	-683.8	-656.57	-647.91	-487.62
Book Value Per Share	2.98	3.02	3.42	3.51	3.79	4.76
Tangible Book Value	631.49	664.09	756.78	773.19	836.25	1,076
Tangible Book Value Per Share	2.65	2.70	3.08	3.14	3.40	4.38
Buildings	-	1,047	1,076	1,316	1,336	1,259
Machinery	-	276.41	278.72	279.65	276.07	318.76
Construction In Progress	-	1.98	12.67	11.88	9.56	18.27

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