SHE:300535 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	50.12	64.97	97.67	68.66	59.66	45.84
Cash & Short-Term Investments	50.12	64.97	97.67	68.66	59.66	45.84
Cash Growth	-17.96%	-33.48%	42.25%	15.08%	30.16%	-22.75%
Accounts Receivable	286.55	313.69	349.32	322.99	291.98	333.16
Other Receivables	45.62	40.35	-	-	17.51	24.08
Receivables	332.17	354.04	349.32	322.99	309.49	357.24
Inventory	194.95	192.54	174.22	193.57	209.64	228.76
Prepaid Expenses	-	-	-	-	-	0.01
Other Current Assets	52.91	28.84	78.15	31.43	15.47	19.16
Total Current Assets	630.15	640.39	699.36	616.66	594.27	651
Property, Plant & Equipment	648.42	637.17	534.31	576.57	479.65	448.79
Long-Term Investments	54.61	55.71	65.96	93.36	88.83	58.95
Goodwill	-	-	-	2.17	-	-
Other Intangible Assets	111.73	112.8	99.23	111.89	101.6	103.49
Long-Term Deferred Tax Assets	6.37	6.12	4.67	4.88	3.51	5.99
Long-Term Deferred Charges	-	0.22	1.31	3.48	3.55	4.78
Other Long-Term Assets	2.47	2.39	6.28	7.18	20.25	4.44
Total Assets	1,454	1,455	1,411	1,416	1,292	1,277
Accounts Payable	63.98	88.26	87.2	90.61	82.49	109.4
Accrued Expenses	30.16	27.19	25.54	26.12	14.88	23.31
Short-Term Debt	278.68	270.06	310.84	271.84	229.64	145.76
Current Portion of Long-Term Debt	1.28	1.25	-	-	-	-
Current Portion of Leases	-	-	0.57	0.58	-	-
Current Income Taxes Payable	19.7	19.8	14.98	15.07	11.83	11.85
Current Unearned Revenue	12.25	2.14	2.3	6.04	3.34	3.02
Other Current Liabilities	33.36	30.96	6.47	8.08	9.78	22.31
Total Current Liabilities	439.41	439.64	447.9	418.35	351.94	315.64
Long-Term Debt	8.5	9	-	-	-	-
Long-Term Leases	0.1	0.17	0.3	0.17	-	-
Long-Term Unearned Revenue	7.78	6.9	6.93	8.96	8.62	5.29
Long-Term Deferred Tax Liabilities	3.43	3.56	3.75	3.95	1.45	1.36
Total Liabilities	459.22	459.28	458.88	431.43	362.01	322.29
Common Stock	106.99	107.02	104.8	104.8	104.22	104.22
Additional Paid-In Capital	393.87	386.09	360.83	360.83	353.52	353.06
Retained Earnings	476.85	484.92	449.11	467.88	439.46	451.73
Treasury Stock	-22.03	-22.38	-	-	-0.27	-8.51
Comprehensive Income & Other	1.17	1.91	2.53	5.26	3.93	-2.22
Total Common Equity	956.84	957.56	917.27	938.77	900.84	898.28
Minority Interest	37.69	37.98	34.96	45.99	28.8	56.87
Shareholders' Equity	994.53	995.54	952.23	984.77	929.64	955.15
Total Liabilities & Equity	1,454	1,455	1,411	1,416	1,292	1,277
Total Debt	288.56	280.48	311.71	272.6	229.64	145.76
Net Cash (Debt)	-238.43	-215.51	-214.04	-203.94	-169.97	-99.92
Net Cash Per Share	-2.25	-2.05	-2.04	-1.95	-1.64	-0.97
Filing Date Shares Outstanding	106.98	105.57	104.8	104.8	104.8	104.22
Total Common Shares Outstanding	106.98	105.57	104.8	104.8	104.8	104.22
Working Capital	190.74	200.75	251.47	198.32	242.33	335.35
Book Value Per Share	8.94	9.07	8.75	8.96	8.60	8.62
Tangible Book Value	845.11	844.76	818.05	824.72	799.25	794.79
Tangible Book Value Per Share	7.90	8.00	7.81	7.87	7.63	7.63
Buildings	-	-	329.52	325.24	286.67	284.5
Machinery	-	-	279.55	332.59	274.58	265.42
Construction In Progress	-	-	148.35	134.57	84.7	37.66

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