SHE:300665 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	79.09	107.66	105.26	128.56	117.32	222.66
Trading Asset Securities	-	-	0.53	2	-	3
Cash & Short-Term Investments	79.09	107.66	105.79	130.56	117.32	225.66
Cash Growth	-7.33%	1.77%	-18.97%	11.28%	-48.01%	-1.53%
Accounts Receivable	460.97	480.51	592.3	676.15	700.85	525.74
Other Receivables	10.96	9.07	11.59	21.29	0.98	0.28
Receivables	471.93	489.59	603.89	697.44	701.84	526.02
Inventory	139.3	133.22	193.48	150.84	153.94	120.22
Prepaid Expenses	-	-	21.07	0.02	0.03	-
Other Current Assets	40.3	41.34	26.49	18.4	38.08	45.88
Total Current Assets	730.62	771.8	950.71	997.26	1,011	917.79
Property, Plant & Equipment	623.07	632.02	738.58	696.07	670.96	599.08
Long-Term Investments	22.3	22.3	32.02	36.57	31.79	9.67
Goodwill	7.73	7.73	7.73	16.97	16.97	39.31
Other Intangible Assets	43.57	44	49.73	57.44	60.48	65.9
Long-Term Deferred Tax Assets	40.57	40.57	40.59	19.45	21	12.87
Long-Term Deferred Charges	1.12	1.19	1.7	0.59	0.2	0.34
Other Long-Term Assets	0.35	0.35	0.52	0.4	0.87	41.6
Total Assets	1,469	1,520	1,822	1,825	1,814	1,687
Accounts Payable	330.62	345.3	465.08	360.48	368.43	420.26
Accrued Expenses	2.85	7.75	20.78	22.65	26.88	19.81
Short-Term Debt	290.21	310.81	324.44	217.83	110.6	225.82
Current Portion of Long-Term Debt	159.98	164.98	92.71	158.8	75.24	7.6
Current Portion of Leases	-	-	0.31	0.68	1.03	1.95
Current Income Taxes Payable	2.01	2.92	0.24	1.71	0.4	5.16
Current Unearned Revenue	4.32	4.66	4.5	4.34	2.95	5.72
Other Current Liabilities	78.95	81.93	34.24	61.32	153.85	36.86
Total Current Liabilities	868.95	918.36	942.3	827.82	739.37	723.18
Long-Term Debt	183.06	178.1	433.91	422.63	517.77	375.23
Long-Term Leases	-	-	0.11	0.78	0.25	1.92
Long-Term Unearned Revenue	10.91	11.29	12.83	7.53	8.51	4.59
Long-Term Deferred Tax Liabilities	0.59	0.6	1.49	2.42	2.93	3.52
Total Liabilities	1,064	1,108	1,391	1,261	1,269	1,108
Common Stock	218.95	218.95	189.43	189.5	190.72	173.4
Additional Paid-In Capital	411.13	411.13	216.84	220.19	223.76	137.97
Retained Earnings	-236.1	-230.11	-11.83	137.37	116.7	219
Treasury Stock	-	-	-7	-26.47	-33.91	-18.38
Comprehensive Income & Other	0.54	-	35.38	35.4	35.91	36.8
Total Common Equity	394.52	399.96	422.83	555.99	533.18	548.79
Minority Interest	11.33	11.67	8.13	7.59	11.49	29.35
Shareholders' Equity	405.85	411.63	430.95	563.58	544.67	578.14
Total Liabilities & Equity	1,469	1,520	1,822	1,825	1,814	1,687
Total Debt	633.25	653.89	851.48	800.72	704.89	612.52
Net Cash (Debt)	-554.16	-546.24	-745.69	-670.16	-587.57	-386.86
Net Cash Per Share	-2.66	-2.72	-3.95	-3.54	-3.35	-2.15
Filing Date Shares Outstanding	219.09	218.88	186.03	185.53	184.52	172.03
Total Common Shares Outstanding	219.09	218.88	186.03	185.53	184.52	172.03
Working Capital	-138.32	-146.56	8.41	169.45	271.85	194.61
Book Value Per Share	1.80	1.83	2.27	3.00	2.89	3.19
Tangible Book Value	343.22	348.22	365.36	481.57	455.73	443.57
Tangible Book Value Per Share	1.57	1.59	1.96	2.60	2.47	2.58
Buildings	-	-	695.73	562.98	542.34	152.46
Machinery	-	-	195.66	158.96	179.87	103.77
Construction In Progress	-	-	5.54	95.76	72.42	436.63

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