SHE:300464 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	147.8	283.43	197.23	204.24	290.41	298.5
Trading Asset Securities	-	-	-	-	-	1.98
Cash & Short-Term Investments	147.8	283.43	197.23	204.24	290.41	300.48
Cash Growth	-46.88%	43.70%	-3.43%	-29.67%	-3.35%	-2.18%
Accounts Receivable	320.47	328.91	357.82	322.04	381.42	452.89
Other Receivables	27.11	33.6	21.25	108.74	58.9	72.9
Receivables	347.58	362.51	379.07	430.78	440.32	525.78
Inventory	179.51	185.86	205.24	260.65	351.82	475.46
Other Current Assets	45.11	45.87	81.88	66.33	67.52	108.88
Total Current Assets	720	877.66	863.43	962	1,150	1,411
Property, Plant & Equipment	348.43	353.69	365.29	417.97	511.28	568.59
Long-Term Investments	13.92	13.97	13.99	39.7	45.6	47.13
Goodwill	61.32	61.32	61.32	335.2	335.2	335.2
Other Intangible Assets	31.53	32.71	38.15	61.57	83.16	104.29
Long-Term Accounts Receivable	-	-	-	-	-	4.75
Long-Term Deferred Tax Assets	60.28	60.28	53.78	142.17	143.57	123.91
Long-Term Deferred Charges	1.98	2.37	3.57	10.69	15.61	22.75
Other Long-Term Assets	35.95	32.81	29.38	17.15	21.49	35.75
Total Assets	1,273	1,435	1,429	1,986	2,306	2,653
Accounts Payable	349.56	385.64	525.1	624.38	706.84	758.65
Accrued Expenses	19.56	22.95	25.33	111.98	44.44	50.64
Short-Term Debt	247.61	255	219.94	233.86	242.43	386.81
Current Portion of Long-Term Debt	49.16	45.19	66.69	44.74	198.3	27
Current Portion of Leases	-	1.72	1.56	1.8	20.35	25.85
Current Income Taxes Payable	11.04	2.85	0.24	5.69	0.47	0.36
Current Unearned Revenue	37.76	26.77	22.99	20.21	19.13	60.78
Other Current Liabilities	302.33	431.12	169.81	147.5	643.18	114.18
Total Current Liabilities	1,017	1,171	1,032	1,190	1,875	1,424
Long-Term Debt	82.35	86.24	59.58	79.55	116.66	293.78
Long-Term Leases	2.49	2.85	4.26	2.29	30.24	86.39
Long-Term Unearned Revenue	4.96	5.35	6.41	8.29	10.34	12.49
Long-Term Deferred Tax Liabilities	2.18	2.37	3.15	2.88	17.91	3.73
Other Long-Term Liabilities	4.39	4.36	175.37	117.64	83.43	348.77
Total Liabilities	1,113	1,272	1,280	1,401	2,134	2,169
Common Stock	457.82	457.82	462.22	470.61	369.12	353.12
Additional Paid-In Capital	404.81	404.81	1,522	1,576	1,187	1,128
Retained Earnings	-692.26	-695.48	-1,806	-1,346	-1,270	-1,011
Treasury Stock	-	-	-15.28	-53.03	-55.84	-
Comprehensive Income & Other	-28.05	-26.23	-32.3	-81.72	-75.34	-6.46
Total Common Equity	142.32	140.92	129.98	565.12	154.4	463.84
Minority Interest	17.71	21.49	18.51	20.5	17.84	19.7
Shareholders' Equity	160.04	162.41	148.5	585.63	172.24	483.54
Total Liabilities & Equity	1,273	1,435	1,429	1,986	2,306	2,653
Total Debt	381.61	390.99	352.02	362.25	607.99	819.82
Net Cash (Debt)	-233.81	-107.56	-154.79	-158.01	-317.57	-519.34
Net Cash Per Share	-0.51	-0.23	-0.33	-0.39	-0.90	-1.47
Filing Date Shares Outstanding	460.07	457.82	462.22	470.61	369.12	353.12
Total Common Shares Outstanding	460.07	457.82	462.22	470.61	369.12	353.12
Working Capital	-297.02	-293.57	-168.22	-228.17	-725.09	-13.68
Book Value Per Share	0.31	0.31	0.28	1.20	0.42	1.31
Tangible Book Value	49.47	46.88	30.51	168.36	-263.96	24.35
Tangible Book Value Per Share	0.11	0.10	0.07	0.36	-0.72	0.07
Buildings	-	207.99	207.32	227.26	227.22	225.72
Machinery	-	652.06	621.1	634.34	627.7	586.36
Construction In Progress	-	16.12	10.33	8.42	5.55	9.42

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