SHE:300663 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	139.61	184.34	221.28	601.33	410.95	260.74
Short-Term Investments	-	-	-	-	168	-
Trading Asset Securities	20.8	12.5	24.93	3.56	5.16	8.04
Cash & Short-Term Investments	160.42	196.84	246.22	604.88	584.11	268.78
Cash Growth	-21.65%	-20.05%	-59.29%	3.56%	117.32%	-38.64%
Accounts Receivable	271.71	242.78	528.01	871.2	918.36	882.11
Other Receivables	15.81	15.6	35.71	37.47	30.22	24.44
Receivables	287.52	258.38	563.71	908.67	948.58	906.56
Inventory	309.25	309.89	458.46	596.84	579.8	441.94
Other Current Assets	75.96	76.08	125.62	90.65	65.73	28.89
Total Current Assets	833.14	841.19	1,394	2,201	2,178	1,646
Property, Plant & Equipment	554.53	553.74	529.03	410.48	320.37	179.61
Long-Term Investments	34.27	34.33	34.86	35.03	35.03	37.91
Goodwill	-	-	42.83	66.19	99.66	97.31
Other Intangible Assets	168.52	179.21	247.7	207.4	204.87	188.26
Long-Term Deferred Tax Assets	71.86	72.43	73.8	70.93	56.11	45.04
Long-Term Deferred Charges	86.54	84.71	2.97	6.03	13.33	22.56
Other Long-Term Assets	0.81	0.8	4.1	-	18.7	69.8
Total Assets	1,750	1,766	2,329	2,997	2,926	2,287
Accounts Payable	168.03	173.2	146	74.23	75.38	68.43
Accrued Expenses	131.27	102.91	216.54	159.81	135.41	146.14
Short-Term Debt	115.95	115.13	223.58	427.94	485.84	560.37
Current Portion of Long-Term Debt	5.84	8.57	0.18	0.68	1.25	-
Current Portion of Leases	-	-	21.22	42.44	30.27	23.73
Current Income Taxes Payable	37.06	43.5	0.45	0.34	0.15	5.7
Current Unearned Revenue	57.93	67.94	75.21	74.19	88.42	67.48
Other Current Liabilities	28.53	24.02	13.92	29.3	17.98	35.16
Total Current Liabilities	544.62	535.27	697.1	808.92	834.68	907.01
Long-Term Debt	811.59	809.01	798.95	979.44	755.85	185.7
Long-Term Leases	2.7	2.94	9.98	24.4	10.76	17.89
Long-Term Unearned Revenue	5.61	5.85	6.47	2.5	2.5	-
Long-Term Deferred Tax Liabilities	4.22	4.84	7.9	21.45	27.16	7.9
Other Long-Term Liabilities	-	-	-	13.38	-	-
Total Liabilities	1,369	1,358	1,520	1,850	1,631	1,119
Common Stock	478.45	478.45	478.44	462.18	462.18	462.18
Additional Paid-In Capital	602.71	602.71	620.23	342.48	346.9	346.9
Retained Earnings	-756.51	-728.23	-333.26	201.32	333.73	311.58
Comprehensive Income & Other	51.04	49.92	48.51	95.61	96.04	0.07
Total Common Equity	375.7	402.86	813.91	1,102	1,239	1,121
Minority Interest	5.24	5.63	-5	45.44	56.48	47.43
Shareholders' Equity	380.93	408.49	808.91	1,147	1,295	1,168
Total Liabilities & Equity	1,750	1,766	2,329	2,997	2,926	2,287
Total Debt	936.08	935.65	1,054	1,475	1,284	787.7
Net Cash (Debt)	-775.66	-738.81	-807.68	-870.02	-699.86	-518.93
Net Cash Per Share	-1.62	-1.54	-1.74	-1.91	-1.60	-1.11
Filing Date Shares Outstanding	479.34	474.82	478.44	462.18	462.18	462.18
Total Common Shares Outstanding	479.34	474.82	478.44	462.18	462.18	462.18
Working Capital	288.53	305.91	696.91	1,392	1,344	739.16
Book Value Per Share	0.78	0.85	1.70	2.38	2.68	2.42
Tangible Book Value	207.18	223.65	523.37	827.99	934.31	835.15
Tangible Book Value Per Share	0.43	0.47	1.09	1.79	2.02	1.81
Buildings	-	-	26.98	26.98	26.98	26.98
Machinery	-	-	24.6	22.38	20.34	20.09
Construction In Progress	-	-	487.94	365.92	269.87	122.64

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