SHE:300405 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	86.2	27.87	54.1	162.14	213.29	194.47
Cash & Short-Term Investments	86.2	27.87	54.1	162.14	213.29	194.47
Cash Growth	150.57%	-48.48%	-66.64%	-23.98%	9.68%	-12.73%
Accounts Receivable	306.09	318.41	387.4	412.96	490.41	593.3
Other Receivables	19.22	17.85	12.72	9.68	10.26	7.77
Receivables	330.11	339.05	402.97	423.49	502.25	606.95
Inventory	170.19	152.89	131.79	177.57	191.23	211.47
Other Current Assets	32.18	34.93	24.76	30.41	38.37	82.52
Total Current Assets	618.69	554.74	613.62	793.61	945.14	1,095
Property, Plant & Equipment	242.11	251.56	272.07	312.37	334.71	348.23
Long-Term Investments	1.02	14.06	14.13	13	-	-
Goodwill	-	-	-	-	-	24.78
Other Intangible Assets	64.16	64.77	67.47	69.65	76.08	91.56
Long-Term Deferred Tax Assets	87.33	89.86	78.47	73.74	80.26	47.51
Long-Term Deferred Charges	1.43	1.59	1.84	1.35	1.01	-
Other Long-Term Assets	18.8	5.7	2.69	3.25	40.01	33.79
Total Assets	1,034	982.27	1,050	1,267	1,477	1,641
Accounts Payable	106.63	91.36	79.99	118.63	182.56	206.52
Accrued Expenses	6.43	4.72	5.1	6.28	8.54	14.06
Short-Term Debt	424.59	403.86	449	561.35	560.15	534.05
Current Portion of Long-Term Debt	-	7	-	0.4	0.67	-
Current Portion of Leases	-	-	-	-	-	0.04
Current Income Taxes Payable	-	2.9	0.01	-	0.12	1.11
Current Unearned Revenue	19.63	5.1	4.77	7.2	12.58	10.05
Other Current Liabilities	35.35	25.82	31.07	31.04	35.32	54.79
Total Current Liabilities	592.63	540.75	569.93	724.91	799.94	820.61
Long-Term Debt	19.4	20.9	0.8	-	1.38	0.2
Long-Term Unearned Revenue	16.9	17.32	19.06	20.81	22.86	24.92
Long-Term Deferred Tax Liabilities	-	-	-	1.09	1.47	3.53
Other Long-Term Liabilities	2.67	2.67	-	-	-	1.89
Total Liabilities	631.61	581.64	589.79	746.8	825.65	851.15
Common Stock	284.37	284.37	284.37	284.37	289.21	222.47
Additional Paid-In Capital	332.47	332.47	333.2	333.54	359.7	426.44
Retained Earnings	-220.23	-221.45	-160.24	-110.41	-10.18	115.25
Treasury Stock	-10.01	-10.01	-10.01	-	-	-
Comprehensive Income & Other	2.83	2.66	0.45	0.48	0.56	2.16
Total Common Equity	389.43	388.03	447.77	507.98	639.29	766.32
Minority Interest	12.51	12.6	12.73	12.19	12.27	23.82
Shareholders' Equity	401.94	400.63	460.49	520.18	651.56	790.14
Total Liabilities & Equity	1,034	982.27	1,050	1,267	1,477	1,641
Total Debt	444	431.77	449.8	561.75	562.19	534.28
Net Cash (Debt)	-357.79	-403.89	-395.7	-399.61	-348.91	-339.81
Net Cash Per Share	-1.26	-1.42	-1.39	-1.39	-1.21	-1.17
Filing Date Shares Outstanding	284.36	284.13	282.44	284.37	289.21	289.21
Total Common Shares Outstanding	284.36	284.13	282.44	284.37	289.21	289.21
Working Capital	26.06	13.98	43.69	68.7	145.2	274.8
Book Value Per Share	1.37	1.37	1.59	1.79	2.21	2.65
Tangible Book Value	325.27	323.26	380.3	438.34	563.21	649.98
Tangible Book Value Per Share	1.14	1.14	1.35	1.54	1.95	2.25
Buildings	-	-	287.01	290.93	281.78	275.99
Machinery	-	-	358.54	349.48	347.95	349.2
Construction In Progress	-	-	16.01	27.37	23.93	4.8

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