SHE:300405 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	27.87	54.1	162.14	213.29	194.47
Cash & Short-Term Investments	27.87	54.1	162.14	213.29	194.47
Cash Growth	-48.48%	-66.64%	-23.98%	9.68%	-12.73%
Accounts Receivable	318.41	387.4	412.96	490.41	593.3
Other Receivables	17.85	12.72	9.68	10.26	7.77
Receivables	339.05	402.97	423.49	502.25	606.95
Inventory	152.89	131.79	177.57	191.23	211.47
Other Current Assets	34.93	24.76	30.41	38.37	82.52
Total Current Assets	554.74	613.62	793.61	945.14	1,095
Property, Plant & Equipment	251.56	272.07	312.37	334.71	348.23
Long-Term Investments	14.06	14.13	13	-	-
Goodwill	-	-	-	-	24.78
Other Intangible Assets	64.77	67.47	69.65	76.08	91.56
Long-Term Deferred Tax Assets	89.86	78.47	73.74	80.26	47.51
Long-Term Deferred Charges	1.59	1.84	1.35	1.01	-
Other Long-Term Assets	5.7	2.69	3.25	40.01	33.79
Total Assets	982.27	1,050	1,267	1,477	1,641
Accounts Payable	91.36	79.99	118.63	182.56	206.52
Accrued Expenses	4.72	5.1	6.28	8.54	14.06
Short-Term Debt	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	5.1	4.77	7.2	12.58	10.05
Other Current Liabilities	25.82	31.07	31.04	35.32	54.79
Total Current Liabilities	540.75	569.93	724.91	799.94	820.61
Long-Term Debt	20.9	0.8	-	1.38	0.2
Long-Term Unearned Revenue	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	-	-	-	1.89
Total Liabilities	581.64	589.79	746.8	825.65	851.15
Common Stock	284.37	284.37	284.37	289.21	222.47
Additional Paid-In Capital	332.47	333.2	333.54	359.7	426.44
Retained Earnings	-221.45	-160.24	-110.41	-10.18	115.25
Treasury Stock	-10.01	-10.01	-	-	-
Comprehensive Income & Other	2.66	0.45	0.48	0.56	2.16
Total Common Equity	388.03	447.77	507.98	639.29	766.32
Minority Interest	12.6	12.73	12.19	12.27	23.82
Shareholders' Equity	400.63	460.49	520.18	651.56	790.14
Total Liabilities & Equity	982.27	1,050	1,267	1,477	1,641
Total Debt	431.77	449.8	561.75	562.19	534.28
Net Cash (Debt)	-403.89	-395.7	-399.61	-348.91	-339.81
Net Cash Per Share	-1.42	-1.39	-1.39	-1.21	-1.17
Filing Date Shares Outstanding	284.13	282.44	284.37	289.21	289.21
Total Common Shares Outstanding	284.13	282.44	284.37	289.21	289.21
Working Capital	13.98	43.69	68.7	145.2	274.8
Book Value Per Share	1.37	1.59	1.79	2.21	2.65
Tangible Book Value	323.26	380.3	438.34	563.21	649.98
Tangible Book Value Per Share	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.