SHE:300511 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	128.39	161.45	167.95	252.67	363.82	340.77
Short-Term Investments	-	-	-	0.06	-	-
Trading Asset Securities	-	-	-	-	270	-
Cash & Short-Term Investments	128.39	161.45	167.95	252.72	633.82	340.77
Cash Growth	22.31%	-3.87%	-33.54%	-60.13%	86.00%	-55.16%
Accounts Receivable	44.12	43.77	31.39	33.48	29.02	28.86
Other Receivables	6.2	8.6	5.55	6.28	50.13	18.89
Receivables	50.32	52.37	36.95	39.76	79.15	47.74
Inventory	379.56	371.68	325.34	442.86	443.28	384.08
Prepaid Expenses	-	3.98	2.9	5.74	3.97	2.11
Other Current Assets	29.39	16.56	13.17	25.51	32.34	100.24
Total Current Assets	587.66	606.04	546.31	766.6	1,193	874.94
Property, Plant & Equipment	2,564	2,664	2,965	3,460	2,579	2,945
Long-Term Investments	9.48	12.05	15.6	16.24	21.46	32.61
Other Intangible Assets	290.57	299.43	299.63	306.9	221.72	328.38
Long-Term Deferred Tax Assets	-	-	-	-	-	12.83
Long-Term Deferred Charges	10.42	6.14	7.91	21.81	26.48	47.77
Other Long-Term Assets	34.56	14.09	19.87	30.68	30.82	95.96
Total Assets	3,496	3,601	3,855	4,602	4,072	4,337

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	315.02	320.95	298.35	318.15	215.87	214.13
Accrued Expenses	55.16	60.52	78.07	66.92	61.84	55.59
Short-Term Debt	910.74	926.15	985.85	1,036	575.76	777.49
Current Portion of Long-Term Debt	86.1	114.07	146.19	168.69	170.4	248.23
Current Portion of Leases	-	1.15	1.05	4.01	1.13	1.07
Current Income Taxes Payable	6.34	0	-	-	-	0.01
Current Unearned Revenue	8.5	6.47	20.62	7.16	16.23	14.15
Other Current Liabilities	271.48	327.48	418.11	512.47	256.29	295.98
Total Current Liabilities	1,653	1,757	1,948	2,113	1,298	1,607
Long-Term Debt	211.61	219.98	960.21	948.27	973.69	954.69
Long-Term Leases	16.12	28.95	54.29	24.41	23.45	23.45
Long-Term Unearned Revenue	52.12	57.19	60.56	51.12	43.89	49.68
Other Long-Term Liabilities	87	24.96	7.94	33.08	107.64	51.12
Total Liabilities	2,020	2,088	3,031	3,170	2,446	2,686

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	640.85	640.85	498.82	498.78	503.04	441.92
Additional Paid-In Capital	1,328	1,314	741.98	741.82	753.99	471.77
Retained Earnings	-385.58	-338.18	-367.98	249.09	437.16	724.38
Treasury Stock	-	-	-	-	-16.43	-34.7
Comprehensive Income & Other	-7.34	-4.7	65.81	64.83	65.51	65.98
Total Common Equity	1,576	1,612	938.63	1,555	1,743	1,669
Minority Interest	-99.77	-98.53	-115.31	-122.15	-117.43	-17.5
Shareholders' Equity	1,476	1,513	823.32	1,432	1,626	1,652
Total Liabilities & Equity	3,496	3,601	3,855	4,602	4,072	4,337

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	1,225	1,290	2,148	2,181	1,744	2,005
Net Cash (Debt)	-1,096	-1,129	-1,980	-1,928	-1,111	-1,664
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.62	-1.89	-3.98	-3.90	-2.28	-3.85
Filing Date Shares Outstanding	840.78	640.85	498.82	498.78	503.04	507.6
Total Common Shares Outstanding	840.78	640.85	498.82	498.78	503.04	441.92
Working Capital	-1,066	-1,151	-1,402	-1,346	-104.97	-731.7
Book Value Per Share	1.87	2.52	1.88	3.12	3.47	3.78
Tangible Book Value	1,285	1,313	638.99	1,248	1,522	1,341
Tangible Book Value Per Share	1.53	2.05	1.28	2.50	3.02	3.03
Buildings	-	2,326	2,316	2,283	1,929	1,922
Machinery	-	2,589	2,687	2,598	2,187	2,209
Construction In Progress	-	20.28	53.49	360.31	68.28	151.74