SHE:300716 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	5.85	5.91	10.99	9.9	167.56	127.42
Cash & Short-Term Investments	5.85	5.91	10.99	9.9	167.56	127.42
Cash Growth	-10.22%	-46.26%	11.00%	-94.09%	31.50%	-46.05%
Accounts Receivable	28.48	34.56	55.89	78.92	347.11	469.77
Other Receivables	65.26	74.59	57.66	99.55	56.32	56.48
Receivables	93.74	109.16	113.55	178.47	403.43	526.24
Inventory	3.94	3.45	19.85	108.4	245.46	267.71
Prepaid Expenses	-	-	0.1	-	0.47	1.14
Other Current Assets	56.72	46.73	28.08	22.48	27.46	40.32
Total Current Assets	160.26	165.24	172.57	319.26	844.38	962.83
Property, Plant & Equipment	423.96	434.44	594.22	662.56	401.41	576.93
Long-Term Investments	-	-	-	1	41.35	7.39
Goodwill	0.07	0.07	0.07	0.07	-	-
Other Intangible Assets	67.89	68.27	96.89	100.52	21.43	44.14
Long-Term Deferred Tax Assets	-	-	1.76	12	67.66	45.82
Long-Term Deferred Charges	3.06	3.61	6.35	5.66	9.71	46
Other Long-Term Assets	-	-	1.03	-	1.89	0.25
Total Assets	655.24	671.64	872.89	1,101	1,388	1,683
Accounts Payable	137.18	142.23	148.43	163.33	417.02	510.89
Accrued Expenses	11.03	47.41	25.35	17.57	27.23	40.86
Short-Term Debt	109.5	215.64	209.24	248.78	297	327.93
Current Portion of Long-Term Debt	84.73	83.08	30.16	20.6	6.98	206.84
Current Portion of Leases	-	2.19	5.38	7.63	39.07	14.51
Current Income Taxes Payable	18.33	2.99	2.99	0.18	2	0.81
Current Unearned Revenue	85.81	86.52	20.34	50.45	6.15	9.58
Other Current Liabilities	454.21	310.36	276.23	167.9	65.95	125.39
Total Current Liabilities	900.8	890.42	718.12	676.45	861.39	1,237
Long-Term Debt	-	-	49.9	79.9	23.2	72.61
Long-Term Leases	-	-	12.49	9.05	113.29	26.31
Long-Term Unearned Revenue	47.08	48.31	53.23	58.38	0.92	1.18
Long-Term Deferred Tax Liabilities	-	-	1.54	4.77	24.93	10.7
Other Long-Term Liabilities	77.21	76.19	31.14	2.88	2.18	-
Total Liabilities	1,025	1,015	866.43	831.42	1,026	1,348
Common Stock	160.02	160.02	160.02	160.02	160.02	160.02
Additional Paid-In Capital	485.94	485.94	455.94	455.94	455.94	455.94
Retained Earnings	-824.46	-809.37	-587.95	-469.31	-325.17	-335.41
Comprehensive Income & Other	-	-	-	-	-0.46	-3.58
Total Common Equity	-178.5	-163.4	28.02	146.66	290.33	276.97
Minority Interest	-191.35	-179.88	-21.56	122.99	71.59	58.81
Shareholders' Equity	-369.85	-343.29	6.46	269.64	361.92	335.78
Total Liabilities & Equity	655.24	671.64	872.89	1,101	1,388	1,683
Total Debt	194.23	300.91	307.17	365.96	479.52	648.2
Net Cash (Debt)	-188.38	-295	-296.18	-356.06	-311.96	-520.78
Net Cash Per Share	-1.18	-1.84	-1.85	-2.23	-1.96	-3.26
Filing Date Shares Outstanding	159.94	160.02	160.02	160.02	160.02	160.02
Total Common Shares Outstanding	159.94	160.02	160.02	160.02	160.02	160.02
Working Capital	-740.54	-725.18	-545.55	-357.18	-17.01	-273.97
Book Value Per Share	-1.12	-1.02	0.18	0.92	1.81	1.73
Tangible Book Value	-246.46	-231.75	-68.94	46.07	268.9	232.83
Tangible Book Value Per Share	-1.54	-1.45	-0.43	0.29	1.68	1.45
Buildings	-	351.97	421.03	271.83	82.54	341.93
Machinery	-	135.6	165.56	189.08	399.98	383.11
Construction In Progress	-	11.68	19.58	242.29	12.12	34.89