SHE:300530 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	269.66	263.59	268.58	318.61	205.29	210.39
Trading Asset Securities	-	-	-	60	-	-
Cash & Short-Term Investments	269.66	263.59	268.58	378.61	205.29	210.39
Cash Growth	33.17%	-1.86%	-29.06%	84.43%	-2.42%	9.44%
Accounts Receivable	110.52	77.13	107.69	72.68	239.46	63.22
Other Receivables	14.74	14.83	48.93	102.16	4.83	5.84
Receivables	125.26	91.96	156.62	174.84	244.29	69.05
Inventory	92.89	201.88	141.98	96.13	178.93	51.11
Other Current Assets	44.78	52.02	91.35	29.79	33.14	45.26
Total Current Assets	532.6	609.46	658.53	679.38	661.65	375.81
Property, Plant & Equipment	393.64	413.15	467.17	524.43	415.47	1,014
Long-Term Investments	198.8	203.19	201.48	308.41	313.48	211.18
Goodwill	1.52	1.52	1.52	0.17	0.17	0.17
Other Intangible Assets	19.71	21.19	26.44	35.63	53.79	116.92
Long-Term Deferred Tax Assets	4.05	4	3.17	1.37	1.31	0.55
Long-Term Deferred Charges	84.03	90.7	99.1	119.15	125.64	109.48
Other Long-Term Assets	-	-	3.37	4.06	6.09	6.84
Total Assets	1,234	1,343	1,461	1,673	1,578	1,835
Accounts Payable	271.05	321.36	353.16	120.19	250.63	114.17
Accrued Expenses	1.67	4.69	10.18	11.61	22.79	17.84
Short-Term Debt	177.79	80.08	20.01	20.02	461.72	332.29
Current Portion of Long-Term Debt	22.3	40.06	11.71	58.07	-	-
Current Portion of Leases	-	3.45	2.88	22.29	11.92	33.7
Current Income Taxes Payable	0.14	-	-	-	0.05	0.43
Current Unearned Revenue	12.45	76.87	13.84	8.1	11.93	1.41
Other Current Liabilities	176.36	189.49	340.39	622.39	376.72	230.52
Total Current Liabilities	661.74	715.99	752.18	862.66	1,136	730.37
Long-Term Debt	381.5	404.69	425.29	399.48	139	-
Long-Term Leases	64.78	64.52	63.48	148.69	131.12	584.5
Long-Term Unearned Revenue	8.07	8.39	9.69	10.99	18.13	331.65
Long-Term Deferred Tax Liabilities	-	-	-	-	0.01	0.13
Other Long-Term Liabilities	4.35	3.7	3.39	3.26	1.59	0.29
Total Liabilities	1,120	1,197	1,254	1,425	1,426	1,647
Common Stock	171.95	171.95	171.95	171.95	158.14	158.14
Additional Paid-In Capital	1,017	1,017	953.66	600.8	307.92	152.44
Retained Earnings	-1,117	-1,085	-962.8	-568.34	-359.37	-122.73
Total Common Equity	72.71	104.59	162.81	204.42	106.69	187.84
Minority Interest	41.21	41.33	43.94	43.11	45.29	-
Shareholders' Equity	113.92	145.92	206.75	247.52	151.98	187.84
Total Liabilities & Equity	1,234	1,343	1,461	1,673	1,578	1,835
Total Debt	646.37	592.79	523.37	648.55	743.76	950.49
Net Cash (Debt)	-376.71	-329.2	-254.79	-269.94	-538.47	-740.1
Net Cash Per Share	-2.23	-1.92	-1.48	-1.60	-3.41	-4.69
Filing Date Shares Outstanding	167.81	171.95	171.95	171.95	158.14	158.14
Total Common Shares Outstanding	167.81	171.95	171.95	171.95	158.14	158.14
Working Capital	-129.14	-106.54	-93.66	-183.29	-474.11	-354.55
Book Value Per Share	0.43	0.61	0.95	1.19	0.67	1.19
Tangible Book Value	51.47	81.87	134.85	168.61	52.72	70.75
Tangible Book Value Per Share	0.31	0.48	0.78	0.98	0.33	0.45
Buildings	-	-	-	-	52.7	52.7
Machinery	-	474.74	473.58	195.38	132.52	86.88
Construction In Progress	-	4.96	5.53	218.34	141.36	299.15

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