SHE:300397 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	171.24	130.61	92.92	318.31	352.42	633.21
Short-Term Investments	-	-	-	-	10.17	-
Trading Asset Securities	-	-	-	21.43	193.19	118.62
Cash & Short-Term Investments	171.24	130.61	92.92	339.75	555.78	751.83
Cash Growth	8.91%	40.56%	-72.65%	-38.87%	-26.08%	131.08%
Accounts Receivable	357.54	298.87	178.74	150.67	192.4	233.76
Other Receivables	8.93	6.98	7.72	9.53	10.82	9.83
Receivables	366.47	305.86	186.46	160.2	203.22	243.59
Inventory	213.51	252.59	303.36	288.56	253.96	257.03
Other Current Assets	73.97	73.72	75.97	76.13	77.15	62.92
Total Current Assets	825.2	762.78	658.71	864.63	1,090	1,315
Property, Plant & Equipment	1,326	1,322	1,271	1,138	915.2	711.99
Long-Term Investments	73.38	73.65	79.79	84.16	84.16	46.06
Goodwill	65.17	65.17	69.16	76.23	76.23	76.23
Other Intangible Assets	248.37	255.68	208.69	221.94	220.76	211.62
Long-Term Deferred Tax Assets	72.93	71.54	70.51	77.02	94.34	111.69
Long-Term Deferred Charges	34.88	31.3	84.09	65.88	53.65	39.08
Other Long-Term Assets	14.95	14.39	14.82	18.37	24.14	30.37
Total Assets	2,661	2,596	2,456	2,546	2,559	2,542
Accounts Payable	187.48	180.63	163.37	170.39	147.19	169.12
Accrued Expenses	79.24	72.62	67.35	51.74	60.63	41.45
Short-Term Debt	318.87	219.78	142.47	47.06	40.85	50.54
Current Portion of Long-Term Debt	115.75	128.45	221.33	110.25	54.04	52.47
Current Portion of Leases	-	-	6.24	8.77	1.76	10.38
Current Income Taxes Payable	16.11	16.43	1.38	0.98	0.35	2.26
Current Unearned Revenue	32.78	63.39	80.08	87.19	52.67	42.33
Other Current Liabilities	170.73	182.28	106.03	69.77	52.31	122.11
Total Current Liabilities	920.95	863.59	788.25	546.14	409.79	490.64
Long-Term Debt	248.92	253.37	152.2	339.54	283.43	38.45
Long-Term Leases	3.57	-	0.06	9.82	0.1	1.54
Long-Term Unearned Revenue	28.36	28.61	31.84	30.99	26.2	21.12
Long-Term Deferred Tax Liabilities	7.74	6.8	7.9	10.75	8.88	7.17
Other Long-Term Liabilities	75.54	75.35	-	-	-	-
Total Liabilities	1,285	1,228	980.25	937.23	728.4	558.92
Common Stock	517.64	517.64	517.64	517.64	517.64	517.64
Additional Paid-In Capital	1,070	1,070	1,070	1,082	1,081	1,072
Retained Earnings	-157.49	-168.12	-67.79	37.57	233.39	386.01
Comprehensive Income & Other	3.19	2.76	1.46	1.65	1.71	1.97
Total Common Equity	1,433	1,422	1,521	1,639	1,834	1,977
Minority Interest	-57.58	-53.42	-45.16	-29.98	-3.67	6.04
Shareholders' Equity	1,375	1,369	1,476	1,609	1,830	1,983
Total Liabilities & Equity	2,661	2,596	2,456	2,546	2,559	2,542
Total Debt	687.11	601.6	522.31	515.43	380.18	153.37
Net Cash (Debt)	-515.87	-470.99	-429.39	-175.68	175.6	598.46
Net Cash Growth	-	-	-	-	-70.66%	115.29%
Net Cash Per Share	-0.97	-0.89	-0.82	-0.34	0.34	1.24
Filing Date Shares Outstanding	531.43	557.79	517.64	517.64	517.64	517.64
Total Common Shares Outstanding	531.43	557.79	517.64	517.64	517.64	517.64
Working Capital	-95.76	-100.81	-129.54	318.49	680.33	824.73
Book Value Per Share	2.70	2.55	2.94	3.17	3.54	3.82
Tangible Book Value	1,120	1,101	1,244	1,341	1,537	1,690
Tangible Book Value Per Share	2.11	1.97	2.40	2.59	2.97	3.26
Buildings	-	-	294.17	294.17	294.3	294.82
Machinery	-	-	330.37	325.42	325.99	298.05
Construction In Progress	-	-	933.14	763.16	523.52	297.61

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