SHE:300385 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	187.81	225.7	267.96	268.8	269.79
Short-Term Investments	-	-	-	-	20
Trading Asset Securities	-	54.73	77.04	68	56
Cash & Short-Term Investments	187.81	280.42	345	336.8	345.79
Cash Growth	-33.03%	-18.72%	2.44%	-2.60%	-18.81%
Accounts Receivable	617.63	1,029	1,280	1,159	1,049
Other Receivables	13.64	19.29	24.26	17.43	8.58
Receivables	631.27	1,048	1,305	1,176	1,057
Inventory	402.59	472.71	370.97	413.07	846.16
Other Current Assets	46.73	41.07	74.53	66.99	57.91
Total Current Assets	1,268	1,842	2,095	1,993	2,307
Property, Plant & Equipment	418.44	475.61	571.02	606.85	619.66
Long-Term Investments	9.17	9.17	9.3	9.17	23.77
Goodwill	202.81	202.81	382.7	382.7	486.56
Other Intangible Assets	111.44	122.23	129.33	134.77	139.15
Long-Term Deferred Tax Assets	71.46	70.42	63.2	43.87	32.08
Long-Term Deferred Charges	6.65	8.06	13.73	14.84	16.23
Other Long-Term Assets	53.17	4.43	4.58	-	-
Total Assets	2,142	2,735	3,269	3,185	3,625
Accounts Payable	554.44	845.47	893.87	826.33	944.6
Accrued Expenses	13.02	40.47	81.48	64.27	45.09
Short-Term Debt	485.84	373.8	288.23	222.28	324.6
Current Portion of Long-Term Debt	414.72	436.98	254.61	48.1	10.1
Current Income Taxes Payable	3.48	1.48	2.78	6.64	1.47
Current Unearned Revenue	280.44	294.4	221.26	106.09	504.59
Other Current Liabilities	63.59	65.79	168.47	274.83	84
Total Current Liabilities	1,816	2,058	1,911	1,549	1,914
Long-Term Debt	144.28	281.98	527.57	644.68	446.76
Long-Term Unearned Revenue	6.58	8.04	9.5	10.95	12.65
Long-Term Deferred Tax Liabilities	7.94	0.19	0.21	0.2	0.2
Other Long-Term Liabilities	71.59	77.48	37.61	144.3	109.45
Total Liabilities	2,046	2,426	2,486	2,349	2,484
Common Stock	333.15	333.15	333.15	333.15	333.15
Additional Paid-In Capital	284.37	284.37	284.37	284.37	387.62
Retained Earnings	-597.09	-365.02	99.31	146.09	262.68
Comprehensive Income & Other	10.85	-12.41	-12.41	-12.41	-
Total Common Equity	31.29	240.09	704.42	751.2	983.45
Minority Interest	64.33	68.59	79.11	85.59	157.54
Shareholders' Equity	95.61	308.68	783.54	836.79	1,141
Total Liabilities & Equity	2,142	2,735	3,269	3,185	3,625
Total Debt	1,045	1,093	1,070	915.06	781.45
Net Cash (Debt)	-857.03	-812.33	-725.4	-578.26	-435.67
Net Cash Per Share	-2.57	-2.44	-2.18	-1.74	-1.31
Filing Date Shares Outstanding	333.1	333.15	333.15	333.15	333.15
Total Common Shares Outstanding	333.1	333.15	333.15	333.15	333.15
Working Capital	-547.14	-216.35	184.55	444.7	392.6
Book Value Per Share	0.09	0.72	2.11	2.25	2.95
Tangible Book Value	-282.97	-84.95	192.39	233.73	357.74
Tangible Book Value Per Share	-0.85	-0.25	0.58	0.70	1.07
Buildings	-	534.65	550.57	550.57	550.57
Machinery	-	303.84	303.78	301.19	298.11
Construction In Progress	-	1.44	25.87	8.44	1.35

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