SHE:300419 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	25.31	50.37	136.41	225.46	167.54	387.89
Trading Asset Securities	-	-	-	-	38.4	150.21
Cash & Short-Term Investments	25.31	50.37	136.41	225.46	205.94	538.1
Cash Growth	-45.78%	-63.07%	-39.50%	9.48%	-61.73%	-12.40%
Accounts Receivable	204.27	212.36	232.13	190.18	217.79	214.98
Other Receivables	3.57	3.93	10.42	20.63	20.14	37.64
Receivables	207.84	216.29	242.55	210.82	237.93	252.62
Inventory	34.97	35.35	51.11	99.83	137.38	492.5
Prepaid Expenses	-	-	0.11	0.06	-	0.33
Other Current Assets	40.18	26.45	30.82	30.95	237.39	119.38
Total Current Assets	308.3	328.47	460.99	567.11	818.63	1,403
Property, Plant & Equipment	69.25	70.28	84.05	120.96	131.01	117.75
Long-Term Investments	22.8	22.83	63.67	72.27	64.45	-
Goodwill	62.73	62.73	73.85	73.85	73.85	73.85
Other Intangible Assets	17.26	17.86	26.85	7.51	9.13	11.15
Long-Term Deferred Tax Assets	1.37	1.52	4.03	4.16	11.22	5.71
Long-Term Deferred Charges	0.03	0.04	0.87	1.48	1.61	0.02
Other Long-Term Assets	38.51	38.88	43.94	19.49	17.21	34.86
Total Assets	520.24	542.61	758.25	866.81	1,127	1,646
Accounts Payable	33.11	38.67	78.39	83.47	80.43	124.27
Accrued Expenses	8.53	9.5	24.91	17.42	19.5	28.61
Short-Term Debt	48.65	50.04	60.46	74.37	92.71	70
Current Portion of Long-Term Debt	19.28	19.39	2.02	2.02	-	-
Current Portion of Leases	-	-	3.61	3.67	3.3	0.14
Current Income Taxes Payable	8.82	10.83	6.51	5.71	5.1	3.65
Current Unearned Revenue	30.59	27.79	30.94	66.56	102.76	488.56
Other Current Liabilities	19.34	25.5	81.55	134.79	196.78	8.38
Total Current Liabilities	168.31	181.72	288.4	388	500.59	723.61
Long-Term Debt	6.31	5.19	17.34	18	-	-
Long-Term Leases	1.53	2.51	4.57	8.9	11.74	0.46
Long-Term Deferred Tax Liabilities	0.78	0.82	1.05	1.81	2.86	0.18
Other Long-Term Liabilities	10.17	10.17	-	-	-	-
Total Liabilities	187.09	200.41	311.36	416.71	515.19	724.25
Common Stock	367.75	367.75	367.75	367.75	367.75	367.75
Additional Paid-In Capital	568.76	568.76	568.76	568.76	568.76	918.76
Retained Earnings	-603.37	-594.32	-489.62	-486.41	-324.6	-364.49
Total Common Equity	333.15	342.19	446.9	450.11	611.91	922.02
Shareholders' Equity	333.15	342.19	446.9	450.11	611.91	922.02
Total Liabilities & Equity	520.24	542.61	758.25	866.81	1,127	1,646
Total Debt	75.76	77.13	88	106.96	107.75	70.6
Net Cash (Debt)	-50.45	-26.75	48.4	118.49	98.19	467.51
Net Cash Growth	-	-	-59.15%	20.68%	-79.00%	-23.90%
Net Cash Per Share	-0.14	-0.07	0.13	0.32	0.27	1.23
Filing Date Shares Outstanding	367.73	367.42	367.75	367.75	367.75	367.75
Total Common Shares Outstanding	367.73	367.42	367.75	367.75	367.75	367.75
Working Capital	139.99	146.76	172.6	179.11	318.05	679.33
Book Value Per Share	0.91	0.93	1.22	1.22	1.66	2.51
Tangible Book Value	253.16	261.61	346.2	368.76	528.94	837.03
Tangible Book Value Per Share	0.69	0.71	0.94	1.00	1.44	2.28
Buildings	-	-	79.58	118.5	121.67	115.8
Machinery	-	-	20.63	30.27	29.09	32.43

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