SHE:300706 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	346.31	355.98	341.13	197.91	182.98	197.34
Cash & Short-Term Investments	346.31	355.98	341.13	197.91	182.98	197.34
Cash Growth	3.41%	4.35%	72.37%	8.16%	-7.28%	99.49%
Accounts Receivable	298.06	300.75	233.31	250.14	137.49	153.3
Other Receivables	1.27	2.17	8.08	5.88	8.14	9.84
Receivables	299.33	302.92	241.39	256.01	145.63	163.15
Inventory	492.82	455.54	450.25	396.76	344.46	260.41
Other Current Assets	115.84	86.64	87.52	82.46	50.1	39.88
Total Current Assets	1,254	1,201	1,120	933.14	723.18	660.77
Property, Plant & Equipment	656.31	659.68	696.62	682.2	628.05	498.6
Goodwill	-	-	5.95	5.95	5.95	5.95
Other Intangible Assets	39.86	40.2	40.42	43.37	44.38	35.54
Long-Term Deferred Tax Assets	48.93	49.34	28.4	20.64	12.96	10.48
Other Long-Term Assets	36.6	17.27	12.94	1.05	7.54	52.2
Total Assets	2,036	1,968	1,905	1,686	1,422	1,264
Accounts Payable	219.37	169.02	194.32	107.81	75.59	81.26
Accrued Expenses	5.32	8.57	18.57	12.61	12.3	12.68
Short-Term Debt	704.9	775.67	729.17	591.57	440.67	241.53
Current Portion of Long-Term Debt	70.47	44.38	25.36	25.3	25.11	31.16
Current Portion of Leases	-	-	0.78	0.61	1.36	1.05
Current Income Taxes Payable	14.24	8.57	3.9	4.65	4.32	3.34
Current Unearned Revenue	12.03	17.96	6.97	7.81	0.35	0.69
Other Current Liabilities	80.02	67.41	43.49	47.29	10.14	9.05
Total Current Liabilities	1,106	1,092	1,023	797.65	569.83	380.75
Long-Term Debt	110.37	65.1	33.65	55.96	33.28	70.33
Long-Term Leases	0.65	0.71	1.31	0.96	0.85	0.06
Long-Term Unearned Revenue	85.58	87.71	97.34	48.43	52.91	8.84
Long-Term Deferred Tax Liabilities	0.75	1.3	1.46	3.84	3.33	2.1
Other Long-Term Liabilities	12.46	14.08	-	-	-	-
Total Liabilities	1,316	1,260	1,156	906.85	660.21	462.08
Common Stock	153.3	153.3	152.94	152.85	152.85	152.85
Additional Paid-In Capital	437.97	437.97	432.9	429.82	428.08	442.95
Retained Earnings	104.49	86.96	142.05	171.98	161.23	148.67
Comprehensive Income & Other	-5.94	-3.18	-3.02	0.74	-0.8	-0.39
Total Common Equity	689.81	675.05	724.87	755.38	741.37	744.08
Minority Interest	30.04	32.03	23.46	24.12	20.48	57.37
Shareholders' Equity	719.85	707.08	748.33	779.5	761.85	801.46
Total Liabilities & Equity	2,036	1,968	1,905	1,686	1,422	1,264
Total Debt	886.38	885.87	790.26	674.41	501.27	344.12
Net Cash (Debt)	-540.07	-529.88	-449.13	-476.5	-318.29	-146.78
Net Cash Per Share	-3.69	-3.46	-3.01	-3.49	-2.03	-1.00
Filing Date Shares Outstanding	159.34	149.99	152.94	152.85	152.85	152.85
Total Common Shares Outstanding	159.34	149.99	152.94	152.85	152.85	152.85
Working Capital	147.97	109.5	97.74	135.49	153.34	280.02
Book Value Per Share	4.33	4.50	4.74	4.94	4.85	4.87
Tangible Book Value	649.96	634.85	678.5	706.06	691.03	702.59
Tangible Book Value Per Share	4.08	4.23	4.44	4.62	4.52	4.60
Buildings	-	-	419.58	343.69	343.35	279.03
Machinery	-	-	555.86	494.69	443.93	337.9
Construction In Progress	-	-	42.17	100.98	41.26	43.2

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