SHE:300565 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Cash & Equivalents	56.04	129.29	57.37	104.73	212.77	111.24
Trading Asset Securities	30.08	-	217.5	-	-	-
Cash & Short-Term Investments	86.12	129.29	274.87	104.73	212.77	111.24
Cash Growth	-68.60%	-52.96%	162.44%	-50.78%	91.28%	-47.28%
Accounts Receivable	202.01	192.66	219.2	129.12	227.96	314.27
Other Receivables	15.41	3.55	6.98	12.23	6.62	7.29
Receivables	217.42	196.21	226.19	141.35	234.58	321.56
Inventory	98.47	91.46	92.03	141.85	194.35	134.06
Prepaid Expenses	-	1.54	0.99	0.91	0.6	0.9
Other Current Assets	20.4	10.84	8.37	17.87	44.13	43.27
Total Current Assets	422.41	429.34	602.44	406.71	686.43	611.02
Property, Plant & Equipment	610.49	632.9	732.61	798.78	820.52	572.24
Long-Term Investments	118.91	119.18	12.11	15.74	19.19	23.13
Goodwill	-	-	-	-	7.29	7.29
Other Intangible Assets	92.96	94.32	99.65	105.23	110.88	114.66
Long-Term Deferred Tax Assets	74.87	71.6	65.47	82.34	59.17	42.58
Long-Term Deferred Charges	0.68	0.73	31.14	34.04	38.43	1.15
Other Long-Term Assets	25.15	25.27	25.02	24.75	26.2	180.65
Total Assets	1,345	1,373	1,568	1,468	1,768	1,553
Accounts Payable	171.89	166.54	211.99	246.64	240.65	289.34
Accrued Expenses	20.05	65.08	46.49	37.45	35.39	33.39
Short-Term Debt	320.79	305.77	315.59	406.94	395.89	306.05
Current Portion of Long-Term Debt	13.21	10	92.88	67.99	37.08	-
Current Portion of Leases	-	4.12	6.11	5.69	6.79	6.6
Current Income Taxes Payable	3.7	0.12	0.19	0.15	0.08	0.01
Current Unearned Revenue	0.51	5.13	3.79	14.96	13.47	1.99
Other Current Liabilities	21.57	9.57	1.56	5.95	1.55	1.87
Total Current Liabilities	551.71	566.32	678.6	785.76	730.9	639.25
Long-Term Debt	276.95	276.95	252.63	345.51	461.5	316.1
Long-Term Leases	1.03	0.84	4.94	13.76	12.53	18.76
Long-Term Unearned Revenue	-	-	-	-	-	0.51
Long-Term Deferred Tax Liabilities	0.35	1.02	2.3	3.13	4.22	-
Other Long-Term Liabilities	28.72	27.96	25.02	22.88	21.91	17.69
Total Liabilities	858.76	873.08	963.49	1,171	1,231	992.31
Common Stock	249.7	249.7	249.7	208	208	208
Additional Paid-In Capital	734.62	733.29	729.97	250.12	250.12	256.13
Retained Earnings	-458.08	-442.92	-345.35	-139.58	84.08	96.85
Comprehensive Income & Other	-4.8	-4.9	2.44	-3.36	-0.48	-0.04
Total Common Equity	521.43	535.17	636.76	315.18	541.71	560.94
Minority Interest	-34.74	-34.9	-31.82	-18.64	-4.67	-0.54
Shareholders' Equity	486.7	500.27	604.94	296.54	537.04	560.4
Total Liabilities & Equity	1,345	1,373	1,568	1,468	1,768	1,553
Total Debt	611.97	597.67	672.15	839.89	913.8	647.51
Net Cash (Debt)	-525.86	-468.38	-397.29	-735.16	-701.02	-536.27
Net Cash Per Share	-2.10	-1.87	-1.62	-3.55	-3.37	-2.59
Filing Date Shares Outstanding	249.7	249.7	249.7	208	208	208
Total Common Shares Outstanding	249.7	249.7	249.7	208	208	208
Working Capital	-129.3	-136.98	-76.15	-379.05	-44.47	-28.23
Book Value Per Share	2.09	2.14	2.55	1.52	2.60	2.70
Tangible Book Value	428.48	440.85	537.11	209.95	423.54	438.99
Tangible Book Value Per Share	1.72	1.77	2.15	1.01	2.04	2.11
Buildings	-	658.56	660.02	659.93	626.36	249.08
Machinery	-	158.93	258.51	285.74	303.58	118.94
Construction In Progress	-	2.39	-	-	0.22	281.25