SHE:300700 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	Dec '21 Dec 31, 2021
Cash & Equivalents	326.02	193.89	323.29	278.14	120.21	85.24
Cash & Short-Term Investments	326.02	193.89	323.29	278.14	120.21	85.24
Cash Growth	3.98%	-40.03%	16.23%	131.38%	41.03%	-14.05%
Accounts Receivable	300.11	317.25	232.58	568.93	499.19	238.68
Other Receivables	3.22	2.78	9.24	20.66	1.64	2.75
Receivables	303.33	320.03	241.81	589.6	500.83	241.43
Inventory	200.92	183.21	155.25	216.92	167.43	105.86
Prepaid Expenses	-	-	0.7	0.7	0.3	-
Other Current Assets	60.97	42.62	44.56	40.49	8.38	21.55
Total Current Assets	891.24	739.74	765.61	1,126	797.15	454.08
Property, Plant & Equipment	642.26	661.3	755.39	761.07	666.4	540.01
Long-Term Investments	10.85	11.74	14.47	18.47	1.5	1.5
Goodwill	44.9	44.9	59.04	154.64	-	-
Other Intangible Assets	50.13	50.79	53.22	45.82	37.09	38.23
Long-Term Deferred Tax Assets	84.54	84.37	51.72	23.35	23.66	32.94
Long-Term Deferred Charges	10.8	12.09	11.1	10.26	2.08	0.6
Other Long-Term Assets	8.49	8.9	6.32	21.28	4.03	27.94
Total Assets	1,743	1,614	1,717	2,161	1,532	1,095
Accounts Payable	248.44	216.33	198.07	219.88	215.44	125.28
Accrued Expenses	10.6	9.98	9.06	12.88	13.87	10.2
Short-Term Debt	270.04	235.2	210.18	147.17	280.33	212.88
Current Portion of Long-Term Debt	92.64	93.4	96.66	53.37	59.07	199.36
Current Portion of Leases	-	-	1.62	2.19	0.27	-
Current Income Taxes Payable	3.1	1.04	0	0.01	0.07	-
Current Unearned Revenue	7.6	3.19	0.91	0.85	0.92	0.06
Other Current Liabilities	127.65	127.64	105.43	249.15	132.06	49.23
Total Current Liabilities	760.07	686.78	621.92	685.5	702.03	597.01
Long-Term Debt	139.4	87.5	74.5	141.56	72.55	41.48
Long-Term Leases	35.94	34.52	35.23	20.51	-	-
Long-Term Unearned Revenue	22.11	21.56	22.23	6.11	2.34	2.69
Long-Term Deferred Tax Liabilities	8.78	8.67	10.1	8.65	2.58	-
Other Long-Term Liabilities	0.69	0.65	1.49	2.3	-	-
Total Liabilities	966.99	839.68	765.49	864.63	779.51	641.18
Common Stock	397.03	397.03	391	278.75	121.53	107.14
Additional Paid-In Capital	613.74	613.74	598	709.21	451.31	214.86
Retained Earnings	-174.28	-176.75	16.01	294.07	181.61	90.65
Treasury Stock	-65.03	-65.03	-65.03	-	-	-
Comprehensive Income & Other	-	-	-	-	-	42.78
Total Common Equity	771.45	768.98	939.97	1,282	754.45	455.42
Minority Interest	4.77	5.16	11.41	14.08	-2.05	-1.3
Shareholders' Equity	776.21	774.15	951.38	1,296	752.4	454.13
Total Liabilities & Equity	1,743	1,614	1,717	2,161	1,532	1,095
Total Debt	538.02	450.61	418.19	364.79	412.21	453.72
Net Cash (Debt)	-212	-256.72	-94.9	-86.65	-292	-368.48
Net Cash Per Share	-0.53	-0.65	-0.25	-0.25	-0.96	-1.37
Filing Date Shares Outstanding	397.45	378.9	383.34	390.25	306.26	269.99
Total Common Shares Outstanding	397.45	378.9	383.34	390.25	306.26	269.99
Working Capital	131.17	52.97	143.69	440.35	95.12	-142.94
Book Value Per Share	1.94	2.03	2.45	3.29	2.46	1.69
Tangible Book Value	676.42	673.3	827.71	1,082	717.36	417.19
Tangible Book Value Per Share	1.70	1.78	2.16	2.77	2.34	1.55
Buildings	-	-	341.43	338.65	331.65	301.23
Machinery	-	-	549.94	492.73	416.93	340.94
Construction In Progress	-	-	51.27	73.07	83	37.99

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