SHE:300424 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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	261.71	357.04	250.56	365.23	309.26	242.81
Trading Asset Securities	-	-	-	-	-	0
Cash & Short-Term Investments	261.71	357.04	250.56	365.23	309.26	242.81
Cash Growth	23.79%	42.50%	-31.40%	18.10%	27.37%	-49.09%
Accounts Receivable	580.53	631.78	667.94	711.01	686.43	641.13
Other Receivables	48.3	31.43	6.78	12.85	10.02	7.77
Receivables	628.84	663.21	674.72	723.86	727.54	648.9
Inventory	565.64	568.68	488.53	483.08	395.34	412.85
Prepaid Expenses	-	0.55	0.02	0.02	1.23	1.65
Other Current Assets	62.73	47.74	77.21	80.39	102.58	34.18
Total Current Assets	1,519	1,637	1,491	1,653	1,536	1,340
Property, Plant & Equipment	549.14	475.63	520.33	506.4	460.15	467.76
Long-Term Investments	53.58	52.43	54.93	41.33	63.79	69.74
Goodwill	37.3	40.31	36.84	38.47	36.33	35.34
Other Intangible Assets	120.38	138.54	141.56	158.06	176.8	155.25
Long-Term Deferred Tax Assets	124.47	108.23	84.18	66.31	51.28	45.16
Long-Term Deferred Charges	21.43	16.65	7.81	19.77	10.88	44.8
Other Long-Term Assets	9.87	16.28	19.66	7.85	15.32	14.16
Total Assets	2,435	2,485	2,356	2,491	2,378	2,195

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Accounts Payable	372.72	375.69	323.48	345.79	307.21	311.28
Accrued Expenses	96.47	186.56	168.04	146.85	145.99	107.8
Short-Term Debt	220	239.7	269.19	365	413.78	329.14
Current Portion of Long-Term Debt	183.64	426.18	130.73	76.67	75.77	31.62
Current Portion of Leases	-	15.09	18.68	7.7	34.95	8.22
Current Income Taxes Payable	94.18	6.04	3.69	3.01	2.36	1.8
Current Unearned Revenue	97.28	117.45	82.16	116.01	177.51	134.29
Other Current Liabilities	43	51.71	33.15	34.2	35.66	31.92
Total Current Liabilities	1,107	1,418	1,029	1,095	1,193	956.06
Long-Term Debt	199.38	189.43	425.58	456.4	296.19	384.46
Long-Term Leases	174.55	108.49	114.22	130.35	109.78	98.52
Long-Term Unearned Revenue	10.9	10	6.52	6.3	8.72	7.71
Long-Term Deferred Tax Liabilities	0.05	0	0.95	0.85	1.06	-
Other Long-Term Liabilities	34.76	-	2.98	2.98	2.98	3.07
Total Liabilities	1,527	1,726	1,579	1,692	1,612	1,450

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Common Stock	256.62	245.43	245.43	239.9	239.89	239.89
Additional Paid-In Capital	478.76	290.13	300.47	213.88	213.86	214.98
Retained Earnings	126.77	134.7	179.8	277.59	255.95	231.79
Comprehensive Income & Other	-2.86	46.01	26.59	49.81	45.31	46.99
Total Common Equity	859.29	716.28	752.29	781.17	755.01	733.65
Minority Interest	48.86	42.68	24.68	17.5	10.74	11.39
Shareholders' Equity	908.16	758.96	776.97	798.67	765.75	745.04
Total Liabilities & Equity	2,435	2,485	2,356	2,491	2,378	2,195

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Total Debt	777.57	978.89	958.41	1,036	930.47	851.96
Net Cash (Debt)	-515.86	-621.85	-707.85	-670.88	-621.21	-609.15
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-2.08	-2.53	-2.94	-2.80	-2.59	-2.54
Filing Date Shares Outstanding	254.68	245.43	245.43	239.9	239.89	239.89
Total Common Shares Outstanding	254.68	245.43	245.43	239.9	239.89	239.89
Working Capital	411.63	218.8	461.92	557.37	342.72	384.32
Book Value Per Share	3.37	2.92	3.07	3.26	3.15	3.06
Tangible Book Value	701.61	537.43	573.89	584.64	541.88	543.06
Tangible Book Value Per Share	2.75	2.19	2.34	2.44	2.26	2.26
Buildings	-	227.15	225.46	224.71	205.81	205.81
Machinery	-	538.97	552.14	533	471.07	458.43
Construction In Progress	-	6.04	6.22	5.75	9.41	7.84