SHE:300511 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	297.51	161.45	167.95	252.67	363.82	340.77
Short-Term Investments	-	-	-	0.06	-	-
Trading Asset Securities	-	-	-	-	270	-
Cash & Short-Term Investments	297.51	161.45	167.95	252.72	633.82	340.77
Cash Growth	564.38%	-3.87%	-33.54%	-60.13%	86.00%	-55.16%
Accounts Receivable	46.08	43.77	31.39	33.48	29.02	28.86
Other Receivables	5.78	8.6	5.55	6.28	50.13	18.89
Receivables	51.87	52.37	36.95	39.76	79.15	47.74
Inventory	399.99	371.68	325.34	442.86	443.28	384.08
Prepaid Expenses	-	-	2.9	5.74	3.97	2.11
Other Current Assets	24.89	20.54	13.17	25.51	32.34	100.24
Total Current Assets	774.26	606.04	546.31	766.6	1,193	874.94
Property, Plant & Equipment	2,599	2,664	2,965	3,460	2,579	2,945
Long-Term Investments	-	12.05	15.6	16.24	21.46	32.61
Other Intangible Assets	296.19	299.43	299.63	306.9	221.72	328.38
Long-Term Deferred Tax Assets	-	-	-	-	-	12.83
Long-Term Deferred Charges	5.64	6.14	7.91	21.81	26.48	47.77
Other Long-Term Assets	33.25	14.09	19.87	30.68	30.82	95.96
Total Assets	3,709	3,601	3,855	4,602	4,072	4,337
Accounts Payable	259.58	320.95	298.35	318.15	215.87	214.13
Accrued Expenses	49.61	49.12	78.07	66.92	61.84	55.59
Short-Term Debt	366.9	856.09	967.85	1,036	575.76	777.49
Current Portion of Long-Term Debt	-	-	146.19	168.69	170.4	248.23
Current Portion of Leases	-	-	1.05	4.01	1.13	1.07
Current Income Taxes Payable	-	4.66	-	-	-	0.01
Current Unearned Revenue	10.82	6.47	20.62	7.16	16.23	14.15
Other Current Liabilities	490.15	519.51	436.11	512.47	256.29	295.98
Total Current Liabilities	1,177	1,757	1,948	2,113	1,298	1,607
Long-Term Debt	739.7	219.98	960.21	948.27	973.69	954.69
Long-Term Leases	16.65	21.07	21.45	24.41	23.45	23.45
Long-Term Unearned Revenue	56.4	57.19	60.56	51.12	43.89	49.68
Other Long-Term Liabilities	30.89	32.84	40.78	33.08	107.64	51.12
Total Liabilities	2,021	2,088	3,031	3,170	2,446	2,686
Common Stock	640.85	640.85	498.82	498.78	503.04	441.92
Additional Paid-In Capital	1,314	1,314	741.98	741.82	753.99	471.77
Retained Earnings	-165.01	-338.18	-367.98	249.09	437.16	724.38
Treasury Stock	-	-	-	-	-16.43	-34.7
Comprehensive Income & Other	-6	-4.7	65.81	64.83	65.51	65.98
Total Common Equity	1,784	1,612	938.63	1,555	1,743	1,669
Minority Interest	-95.91	-98.53	-115.31	-122.15	-117.43	-17.5
Shareholders' Equity	1,688	1,513	823.32	1,432	1,626	1,652
Total Liabilities & Equity	3,709	3,601	3,855	4,602	4,072	4,337
Total Debt	1,123	1,097	2,097	2,181	1,744	2,005
Net Cash (Debt)	-825.73	-935.69	-1,929	-1,928	-1,111	-1,664
Net Cash Per Share	-1.44	-1.57	-3.88	-3.90	-2.28	-3.85
Filing Date Shares Outstanding	641.37	683.11	498.82	498.78	503.04	507.6
Total Common Shares Outstanding	641.37	683.11	498.82	498.78	503.04	441.92
Working Capital	-402.8	-1,151	-1,402	-1,346	-104.97	-731.7
Book Value Per Share	2.78	2.36	1.88	3.12	3.47	3.78
Tangible Book Value	1,488	1,313	638.99	1,248	1,522	1,341
Tangible Book Value Per Share	2.32	1.92	1.28	2.50	3.02	3.03
Buildings	-	-	2,316	2,283	1,929	1,922
Machinery	-	-	2,687	2,598	2,187	2,209
Construction In Progress	-	-	53.49	360.31	68.28	151.74

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