SHE:300385 Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

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	204.47	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	204.47	187.81	280.42	345	336.8	345.79
Cash Growth	-15.25%	-33.03%	-18.72%	2.44%	-2.60%	-18.81%
Accounts Receivable	529.25	617.63	1,029	1,280	1,159	1,049
Other Receivables	12.29	13.64	19.29	24.26	17.43	8.58
Receivables	541.54	631.27	1,048	1,305	1,176	1,057
Inventory	424.85	402.59	472.71	370.97	413.07	846.16
Other Current Assets	50.13	46.73	41.07	74.53	66.99	57.91
Total Current Assets	1,221	1,268	1,842	2,095	1,993	2,307
Property, Plant & Equipment	407.43	418.44	475.61	571.02	606.85	619.66
Long-Term Investments	9.17	9.17	9.17	9.3	9.17	23.77
Goodwill	202.81	202.81	202.81	382.7	382.7	486.56
Other Intangible Assets	110.42	111.44	122.23	129.33	134.77	139.15
Long-Term Deferred Tax Assets	71.67	71.46	70.42	63.2	43.87	32.08
Long-Term Deferred Charges	6.05	6.65	8.06	13.73	14.84	16.23
Other Long-Term Assets	52.48	53.17	4.43	4.58	-	-
Total Assets	2,081	2,142	2,735	3,269	3,185	3,625

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
Accounts Payable	533.71	554.44	845.47	893.87	826.33	944.6
Accrued Expenses	3.39	33.23	40.47	81.48	64.27	45.09
Short-Term Debt	337.18	485.84	373.8	288.23	222.28	324.6
Current Portion of Long-Term Debt	420.06	305.13	336.98	254.61	48.1	10.1
Current Income Taxes Payable	2.83	1.42	1.48	2.78	6.64	1.47
Current Unearned Revenue	293.35	280.52	294.4	221.26	106.09	504.59
Other Current Liabilities	204.2	154.94	165.79	168.47	274.83	84
Total Current Liabilities	1,795	1,816	2,058	1,911	1,549	1,914
Long-Term Debt	142.72	144.28	281.98	527.57	644.68	446.76
Long-Term Unearned Revenue	6.22	6.58	8.04	9.5	10.95	12.65
Long-Term Deferred Tax Liabilities	7.94	7.94	0.19	0.21	0.2	0.2
Other Long-Term Liabilities	71.49	71.59	77.48	37.61	144.3	109.45
Total Liabilities	2,023	2,046	2,426	2,486	2,349	2,484

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
Common Stock	333.15	333.15	333.15	333.15	333.15	333.15
Additional Paid-In Capital	284.37	284.37	284.37	284.37	284.37	387.62
Retained Earnings	-634.09	-597.09	-365.02	99.31	146.09	262.68
Comprehensive Income & Other	10.85	10.85	-12.41	-12.41	-12.41	-
Total Common Equity	-5.71	31.29	240.09	704.42	751.2	983.45
Minority Interest	63.65	64.33	68.59	79.11	85.59	157.54
Shareholders' Equity	57.94	95.61	308.68	783.54	836.79	1,141
Total Liabilities & Equity	2,081	2,142	2,735	3,269	3,185	3,625

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
Total Debt	899.96	935.25	992.76	1,070	915.06	781.45
Net Cash (Debt)	-695.49	-747.45	-712.33	-725.4	-578.26	-435.67
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-2.09	-2.24	-2.14	-2.18	-1.74	-1.31
Filing Date Shares Outstanding	333.15	333.15	333.15	333.15	333.15	333.15
Total Common Shares Outstanding	333.15	333.15	333.15	333.15	333.15	333.15
Working Capital	-573.72	-547.14	-216.35	184.55	444.7	392.6
Book Value Per Share	-0.02	0.09	0.72	2.11	2.25	2.95
Tangible Book Value	-318.95	-282.97	-84.95	192.39	233.73	357.74
Tangible Book Value Per Share	-0.96	-0.85	-0.25	0.58	0.70	1.07
Buildings	-	501.9	534.65	550.57	550.57	550.57
Machinery	-	295.43	300.71	303.78	301.19	298.11
Construction In Progress	-	5.26	1.44	25.87	8.44	1.35