SHE:300530 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	Jan '22 Jan 1, 2022
Cash & Equivalents	263.59	268.58	318.61	205.29	210.39
Trading Asset Securities	-	-	60	-	-
Cash & Short-Term Investments	263.59	268.58	378.61	205.29	210.39
Cash Growth	-1.86%	-29.06%	84.43%	-2.42%	9.44%
Accounts Receivable	77.13	107.69	72.68	239.46	63.22
Other Receivables	14.83	48.93	102.16	4.83	5.84
Receivables	91.96	156.62	174.84	244.29	69.05
Inventory	201.88	141.98	96.13	178.93	51.11
Other Current Assets	52.02	91.35	29.79	33.14	45.26
Total Current Assets	609.46	658.53	679.38	661.65	375.81
Property, Plant & Equipment	413.15	467.17	524.43	415.47	1,014
Long-Term Investments	203.19	201.48	308.41	313.48	211.18
Goodwill	1.52	1.52	0.17	0.17	0.17
Other Intangible Assets	21.19	26.44	35.63	53.79	116.92
Long-Term Deferred Tax Assets	4	3.17	1.37	1.31	0.55
Long-Term Deferred Charges	90.7	99.1	119.15	125.64	109.48
Other Long-Term Assets	-	3.37	4.06	6.09	6.84
Total Assets	1,343	1,461	1,673	1,578	1,835
Accounts Payable	321.36	353.16	120.19	250.63	114.17
Accrued Expenses	4.19	10.18	11.61	22.79	17.84
Short-Term Debt	80.08	20.01	20.02	461.72	332.29
Current Portion of Long-Term Debt	43.51	11.71	58.07	-	-
Current Portion of Leases	-	2.88	22.29	11.92	33.7
Current Income Taxes Payable	0.57	-	-	0.05	0.43
Current Unearned Revenue	76.87	13.84	8.1	11.93	1.41
Other Current Liabilities	189.42	340.39	622.39	376.72	230.52
Total Current Liabilities	715.99	752.18	862.66	1,136	730.37
Long-Term Debt	404.69	425.29	399.48	139	-
Long-Term Leases	64.52	63.48	148.69	131.12	584.5
Long-Term Unearned Revenue	8.39	9.69	10.99	18.13	331.65
Long-Term Deferred Tax Liabilities	-	-	-	0.01	0.13
Other Long-Term Liabilities	3.7	3.39	3.26	1.59	0.29
Total Liabilities	1,197	1,254	1,425	1,426	1,647
Common Stock	171.95	171.95	171.95	158.14	158.14
Additional Paid-In Capital	1,017	953.66	600.8	307.92	152.44
Retained Earnings	-1,085	-962.8	-568.34	-359.37	-122.73
Total Common Equity	104.59	162.81	204.42	106.69	187.84
Minority Interest	41.33	43.94	43.11	45.29	-
Shareholders' Equity	145.92	206.75	247.52	151.98	187.84
Total Liabilities & Equity	1,343	1,461	1,673	1,578	1,835
Total Debt	592.79	523.37	648.55	743.76	950.49
Net Cash (Debt)	-329.2	-254.79	-269.94	-538.47	-740.1
Net Cash Per Share	-1.92	-1.48	-1.60	-3.41	-4.69
Filing Date Shares Outstanding	170.54	171.95	171.95	158.14	158.14
Total Common Shares Outstanding	170.54	171.95	171.95	158.14	158.14
Working Capital	-106.54	-93.66	-183.29	-474.11	-354.55
Book Value Per Share	0.61	0.95	1.19	0.67	1.19
Tangible Book Value	81.87	134.85	168.61	52.72	70.75
Tangible Book Value Per Share	0.48	0.78	0.98	0.33	0.45
Buildings	-	-	-	52.7	52.7
Machinery	-	473.58	195.38	132.52	86.88
Construction In Progress	-	5.53	218.34	141.36	299.15

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