SHE:300460 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	Dec '21 Dec 31, 2021
Cash & Equivalents	118.78	54.65	76.8	47.47	110.41
Trading Asset Securities	-	-	-	0.37	-
Cash & Short-Term Investments	118.78	54.65	76.8	47.84	110.41
Cash Growth	117.36%	-28.84%	60.54%	-56.67%	164.21%
Accounts Receivable	226.34	220.59	190.4	268.89	260.99
Other Receivables	12.16	20.78	58.54	13.04	12.11
Receivables	238.5	241.38	248.94	281.92	273.1
Inventory	199.2	260	266.71	328.31	294.11
Restricted Cash	-	96.34	-	73.52	7.38
Other Current Assets	21.79	36.93	11.74	19.02	98.9
Total Current Assets	578.27	689.29	604.18	750.6	783.89
Property, Plant & Equipment	734.24	832.64	949.75	1,041	1,090
Long-Term Investments	-	4.44	6.21	0.11	0.37
Goodwill	-	-	4.13	4.13	7.35
Other Intangible Assets	48.14	47.14	51.84	48.56	56.13
Long-Term Deferred Tax Assets	70.42	87.17	89.54	63.89	14.54
Long-Term Deferred Charges	0.36	8.44	15.91	22.65	-
Other Long-Term Assets	5.35	0.81	0.35	3.61	44.81
Total Assets	1,437	1,670	1,722	1,935	1,997
Accounts Payable	109.56	156.96	130.38	114.71	70.71
Accrued Expenses	12.02	33.08	24.78	11.6	23.15
Short-Term Debt	232.61	244.13	243.55	365.88	232.09
Current Portion of Long-Term Debt	125.51	75.43	49.74	8.82	6.93
Current Portion of Leases	-	1.77	1.84	1.87	125.59
Current Income Taxes Payable	7.02	0.15	0.15	4.29	3.29
Current Unearned Revenue	0.54	0.25	3.85	0.84	0.75
Other Current Liabilities	124.07	90.56	104.03	146.1	104.47
Total Current Liabilities	611.33	602.32	558.31	654.11	566.98
Long-Term Debt	234.26	285.37	240.03	144.46	140.11
Long-Term Leases	8.37	2.26	2.64	1.29	49.3
Long-Term Unearned Revenue	56.16	54.07	46.95	40.44	32.09
Long-Term Deferred Tax Liabilities	19.58	23.57	28.28	33.34	3.11
Other Long-Term Liabilities	39.22	66.28	19.98	10.97	-
Total Liabilities	968.92	1,034	896.2	884.6	791.59
Common Stock	280.8	280.8	280.8	280.62	279
Additional Paid-In Capital	698.23	699.32	699.32	698.21	694.61
Retained Earnings	-511.18	-344.71	-155.74	71.08	232.03
Comprehensive Income & Other	0.01	-	-	-	-
Total Common Equity	467.86	635.41	824.39	1,050	1,206
Minority Interest	-	0.65	1.32	-	-
Shareholders' Equity	467.86	636.07	825.71	1,050	1,206
Total Liabilities & Equity	1,437	1,670	1,722	1,935	1,997
Total Debt	600.75	608.95	537.8	522.31	554.02
Net Cash (Debt)	-481.97	-554.3	-461	-474.47	-443.62
Net Cash Per Share	-1.71	-1.99	-1.64	-1.70	-1.69
Filing Date Shares Outstanding	286.24	280.8	280.8	280.62	279
Total Common Shares Outstanding	286.24	280.8	280.8	280.62	279
Working Capital	-33.07	86.98	45.87	96.49	216.91
Book Value Per Share	1.63	2.26	2.94	3.74	4.32
Tangible Book Value	419.72	588.27	768.42	997.21	1,142
Tangible Book Value Per Share	1.47	2.09	2.74	3.55	4.09
Buildings	-	261.08	263.14	265.44	155.65
Machinery	-	1,437	1,453	1,481	1,335
Construction In Progress	-	38.37	39.95	39.64	243.4