SHE:300670 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	146.26	61.51	152.88	82.72	51.43	91.46
Trading Asset Securities	-	-	-	0	29.5	79.02
Cash & Short-Term Investments	146.26	61.51	152.88	82.72	80.93	170.48
Cash Growth	262.88%	-59.77%	84.82%	2.21%	-52.53%	-52.15%
Accounts Receivable	162.43	173.91	222.22	266.45	288.71	336.7
Other Receivables	6.95	14.36	64.08	58.71	37.62	10.49
Receivables	169.38	188.27	286.3	325.16	326.33	347.2
Inventory	12.87	15.32	38.66	56.25	57.36	45.22
Prepaid Expenses	-	0	0.11	0.09	0.01	1.6
Other Current Assets	36.8	34.55	38.89	43.73	21.83	6.24
Total Current Assets	365.31	299.66	516.84	507.96	486.46	570.74
Property, Plant & Equipment	1,081	1,099	1,243	1,303	1,275	287.14
Long-Term Investments	1.82	61.97	130.5	200.24	175.9	59.45
Goodwill	-	-	-	-	45.39	154.76
Other Intangible Assets	31.92	32.15	33.24	42.36	45.18	50.63
Long-Term Deferred Tax Assets	141.7	140.3	105.69	67.9	44.77	7.11
Long-Term Deferred Charges	6.35	6.63	7.56	2.74	1.92	1.38
Other Long-Term Assets	52.52	-	-	26.38	34.37	137.74
Total Assets	1,681	1,639	2,037	2,150	2,109	1,269
Accounts Payable	291.88	297.14	320.67	323.68	281.64	162.43
Accrued Expenses	2.77	6.01	10.26	10.49	21.53	12.38
Short-Term Debt	358.55	270.44	360.32	375.13	215.16	20.03
Current Portion of Long-Term Debt	102.85	127.22	94.8	63.5	52.85	-
Current Portion of Leases	-	0.51	-	-	0.23	0.21
Current Income Taxes Payable	2.33	0.01	0	-	0.25	7.29
Current Unearned Revenue	0.72	1.49	6.3	8.12	3.67	1.69
Other Current Liabilities	34.79	15.14	53.84	140.46	94.1	0.99
Total Current Liabilities	793.89	717.95	846.2	921.37	669.44	205.02
Long-Term Debt	443.25	468.81	533.73	163.75	131.61	-
Long-Term Leases	0.53	0.79	-	-	-	-
Long-Term Unearned Revenue	3.27	3.49	4.42	5.22	6.33	4.34
Long-Term Deferred Tax Liabilities	-	-	-	6.61	12.55	5.38
Other Long-Term Liabilities	16.45	15.53	11.75	322.61	411.44	-
Total Liabilities	1,257	1,207	1,396	1,420	1,231	214.73
Common Stock	316.92	316.92	316.92	316.92	316.92	316.92
Additional Paid-In Capital	322.59	322.59	322.59	331.09	331.09	332.98
Retained Earnings	-216.44	-206.74	1.55	-6.39	138.18	308.33
Comprehensive Income & Other	0.16	0.04	-0.01	-	-	-
Total Common Equity	423.24	432.81	641.05	641.63	786.2	958.24
Minority Interest	-	-	-	89.12	91.53	95.98
Shareholders' Equity	423.24	432.81	641.05	730.74	877.73	1,054
Total Liabilities & Equity	1,681	1,639	2,037	2,150	2,109	1,269
Total Debt	905.18	867.76	988.84	602.38	399.84	20.24
Net Cash (Debt)	-758.92	-806.25	-835.96	-519.65	-318.91	150.24
Net Cash Growth	-	-	-	-	-	-48.59%
Net Cash Per Share	-2.39	-2.54	-2.63	-1.64	-1.01	0.47
Filing Date Shares Outstanding	316.92	316.92	316.92	316.92	316.92	316.92
Total Common Shares Outstanding	316.92	316.92	316.92	316.92	316.92	316.92
Working Capital	-428.58	-418.29	-329.36	-413.41	-182.98	365.72
Book Value Per Share	1.34	1.37	2.02	2.02	2.48	3.02
Tangible Book Value	391.31	400.67	607.81	599.27	695.62	752.85
Tangible Book Value Per Share	1.23	1.26	1.92	1.89	2.19	2.38
Buildings	-	186.82	187.25	215.22	213.9	240.54
Machinery	-	1,048	1,120	1,122	55.66	58.08
Construction In Progress	-	83.56	83.02	51.41	228.52	26.43

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