SHE:300647 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	238.21	163.33	185.5	309.15	449.83	196.6
Trading Asset Securities	-	-	-	0.03	-	250.47
Cash & Short-Term Investments	238.21	163.33	185.5	309.18	449.83	447.07
Cash Growth	115.69%	-11.95%	-40.00%	-31.27%	0.62%	387.01%
Accounts Receivable	186.55	201.93	285.05	413.85	498.65	451.68
Other Receivables	11.38	15.69	11.61	12.49	7.92	8.54
Receivables	197.93	217.62	296.66	426.33	506.56	460.41
Inventory	246.74	225.83	179.79	285.46	416.56	258.31
Prepaid Expenses	-	-	1.34	1.3	5.08	0.23
Other Current Assets	138.07	146.23	144.58	101.53	91.06	75.62
Total Current Assets	820.95	753.02	807.87	1,124	1,469	1,242
Property, Plant & Equipment	967.89	986.63	951.62	910.24	536.22	467.81
Long-Term Investments	5.49	5.37	0.37	-	10.83	10.55
Goodwill	-	-	-	6.59	41.57	41.57
Other Intangible Assets	60.96	59.72	64.04	99.2	113.75	118.74
Long-Term Accounts Receivable	-	-	3.96	7.78	57.48	33.76
Long-Term Deferred Tax Assets	101.04	101.76	69.32	84.56	65.63	57.42
Long-Term Deferred Charges	59.39	57.5	44.27	37.82	42.53	63.77
Other Long-Term Assets	114.8	96.79	94.22	92.62	71.04	53.33
Total Assets	2,131	2,061	2,036	2,363	2,408	2,089
Accounts Payable	282.64	326.97	244.53	268.9	227.94	197.31
Accrued Expenses	8.55	9.94	32.64	34.14	41.97	29.12
Short-Term Debt	492.59	326.38	665.73	585.61	572.85	493.22
Current Portion of Long-Term Debt	80.41	77.62	77.6	128.32	0.09	61.74
Current Portion of Leases	-	-	26.15	39.7	33.48	27.64
Current Income Taxes Payable	8.6	12.13	2.46	1.08	4.86	4.57
Current Unearned Revenue	11.13	53.73	40.84	23.88	12.89	40.97
Other Current Liabilities	173	183.71	35.16	78.54	82.64	93.37
Total Current Liabilities	1,057	990.48	1,125	1,160	976.72	947.96
Long-Term Debt	432.97	417.68	194.16	147.47	70.15	-
Long-Term Leases	110.65	110.89	91.35	38.97	26.25	14.65
Long-Term Unearned Revenue	41.51	42.24	14.04	15.28	6.59	8.64
Long-Term Deferred Tax Liabilities	18.09	17.26	14.13	9.66	12.56	9.13
Other Long-Term Liabilities	23.23	47.48	-	-	-	-
Total Liabilities	1,683	1,626	1,439	1,372	1,092	980.37
Common Stock	457.32	457.32	457.32	457.32	457.32	430.62
Additional Paid-In Capital	762.06	762.06	762.06	773.06	761.99	591.42
Retained Earnings	-786.09	-791.38	-644.88	-226.82	14.16	-5.2
Comprehensive Income & Other	-4.5	-3.76	-6.6	-5.02	-3.48	-3.75
Total Common Equity	428.8	424.24	567.9	998.54	1,230	1,013
Minority Interest	18.36	10.52	28.96	-7.5	85.89	95.11
Shareholders' Equity	447.15	434.76	596.85	991.04	1,316	1,108
Total Liabilities & Equity	2,131	2,061	2,036	2,363	2,408	2,089
Total Debt	1,117	932.57	1,055	940.07	702.82	597.26
Net Cash (Debt)	-878.41	-769.24	-869.5	-630.89	-252.99	-150.19
Net Cash Per Share	-1.93	-1.63	-1.89	-1.39	-0.52	-0.37
Filing Date Shares Outstanding	435.78	-	457.32	457.32	457.32	430.62
Total Common Shares Outstanding	435.78	-	457.32	457.32	457.32	430.62
Working Capital	-235.96	-237.46	-317.26	-36.38	492.38	293.68
Book Value Per Share	0.98	-	1.24	2.18	2.69	2.35
Tangible Book Value	367.84	364.53	503.86	892.76	1,075	852.78
Tangible Book Value Per Share	0.84	-	1.10	1.95	2.35	1.98
Buildings	-	-	278.48	287.38	290.26	221.87
Machinery	-	-	327.28	295.09	301.93	272.84
Construction In Progress	-	-	420.94	465.52	52.76	44.37

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