SHE:300410 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	181.39	78.29	177.04	153.86	118.12
Cash & Short-Term Investments	181.39	78.29	177.04	153.86	118.12
Cash Growth	131.68%	-55.78%	15.07%	30.25%	-28.51%
Accounts Receivable	410.83	429.7	617.25	730.75	920.99
Other Receivables	12.95	7.47	10.79	13.07	16.04
Receivables	423.78	437.17	628.04	743.82	937.04
Inventory	503.18	489.11	426.36	331.78	311.73
Other Current Assets	39.75	216.28	96.95	30.73	34.16
Total Current Assets	1,148	1,221	1,328	1,260	1,401
Property, Plant & Equipment	236.96	250.95	500.31	416.84	494.02
Goodwill	-	-	-	35.2	97.04
Other Intangible Assets	27.44	26.78	43.51	51.59	58.85
Long-Term Deferred Tax Assets	8.47	9.19	47.39	29.41	29.84
Long-Term Deferred Charges	7.36	11.45	22.94	9.59	11.04
Other Long-Term Assets	0.21	2.96	9.61	4.77	0.59
Total Assets	1,429	1,522	1,952	1,808	2,092
Accounts Payable	309.96	338	453.47	483.41	753.79
Accrued Expenses	28.88	29.88	36.03	36.82	34.96
Short-Term Debt	202.85	243.67	349.26	248.67	181.45
Current Portion of Long-Term Debt	33.89	79.64	9.52	30.52	32.04
Current Portion of Leases	-	27.5	56.62	20.36	10.06
Current Income Taxes Payable	15.25	-	-	0.56	0.62
Current Unearned Revenue	361.38	418.36	248.13	121.73	127.05
Other Current Liabilities	58.99	87.55	120.96	74.12	146.93
Total Current Liabilities	1,011	1,225	1,274	1,016	1,287
Long-Term Debt	110.3	48.88	85.4	57.6	24
Long-Term Leases	9.9	12.83	105.04	45.87	14.67
Long-Term Unearned Revenue	17.18	13.87	15.24	17.45	19.72
Long-Term Deferred Tax Liabilities	1.74	2.79	10.47	1.99	1
Other Long-Term Liabilities	15.42	3.91	17.45	0.46	0.77
Total Liabilities	1,166	1,307	1,508	1,140	1,347
Common Stock	367.11	367.11	367.11	367.65	369.17
Additional Paid-In Capital	1,130	1,122	1,121	1,125	1,132
Retained Earnings	-1,234	-1,271	-1,047	-826.82	-725.47
Treasury Stock	-	-	-	-5	-32.48
Comprehensive Income & Other	-	-1.03	-1.03	-1.03	-1.03
Total Common Equity	262.99	216.78	439.3	659.88	741.99
Minority Interest	-0.18	-1.46	5.25	8.17	3.39
Shareholders' Equity	262.81	215.32	444.55	668.05	745.38
Total Liabilities & Equity	1,429	1,522	1,952	1,808	2,092
Total Debt	356.93	412.52	605.85	403.01	262.22
Net Cash (Debt)	-175.55	-334.22	-428.81	-249.16	-144.1
Net Cash Per Share	-0.48	-0.91	-1.17	-0.66	-0.40
Filing Date Shares Outstanding	318.97	367.11	367.11	367.11	369.17
Total Common Shares Outstanding	318.97	367.11	367.11	367.11	369.17
Working Capital	136.91	-3.75	54.39	244.01	114.16
Book Value Per Share	0.82	0.59	1.20	1.80	2.01
Tangible Book Value	235.55	189.99	395.79	573.09	586.11
Tangible Book Value Per Share	0.74	0.52	1.08	1.56	1.59
Buildings	-	244.12	244.72	248.7	244.88
Machinery	-	119.51	198	141.26	127.04
Construction In Progress	-	6.79	139.73	128.2	202.37

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