SHE:300721 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	256.91	217.43	215.77	163.86	321.03	229.9
Cash & Short-Term Investments	256.91	217.43	215.77	163.86	321.03	229.9
Cash Growth	77.94%	0.77%	31.69%	-48.96%	39.64%	41.91%
Accounts Receivable	207.88	191.17	182.61	273.64	200.79	216.95
Other Receivables	1.85	1.84	17.35	22.11	22.79	43.7
Receivables	209.73	193	199.96	295.75	223.58	260.64
Inventory	285.88	271.22	310.23	263.7	341.04	212.38
Prepaid Expenses	-	-	0.21	0.19	0.14	0.42
Other Current Assets	49.84	26.69	19.25	27.87	30.87	12.44
Total Current Assets	802.36	708.34	745.43	751.36	916.65	715.78
Property, Plant & Equipment	1,441	1,475	1,593	1,623	1,685	1,626
Other Intangible Assets	174.95	176.18	153.06	157.04	151.64	155.59
Long-Term Deferred Tax Assets	154.69	151.7	111.37	86.73	54.68	30.71
Long-Term Deferred Charges	11.38	13.2	28.26	15.54	42.49	5.15
Other Long-Term Assets	2.44	3.1	3.09	3.19	5.98	9.68
Total Assets	2,587	2,528	2,634	2,637	2,856	2,543
Accounts Payable	228.84	235.32	287.21	226.57	355.84	411.17
Accrued Expenses	19.77	27.93	36.6	37.61	42.66	35.15
Short-Term Debt	755.23	781.37	869.54	916.62	900.63	556.78
Current Portion of Long-Term Debt	271.18	248.03	33.29	129.16	100.17	100.33
Current Portion of Leases	-	-	1.36	1.03	0.45	0.17
Current Income Taxes Payable	15.74	8.25	5.27	4.82	12.74	14.95
Current Unearned Revenue	68.19	6.41	13.65	13.02	84.37	86.62
Other Current Liabilities	16.83	8.6	3.39	3.51	12.41	10.96
Total Current Liabilities	1,376	1,316	1,250	1,332	1,509	1,216
Long-Term Debt	25.7	25.7	96.65	-	-	100
Long-Term Leases	10.42	10.74	11.88	12.52	3.36	3.14
Long-Term Unearned Revenue	29.38	30.27	33.68	35.75	40.08	41.45
Long-Term Deferred Tax Liabilities	3.58	3.68	4.03	4.19	1.82	0.93
Other Long-Term Liabilities	34.75	34.5	2	-	-	-
Total Liabilities	1,480	1,421	1,399	1,385	1,555	1,362
Common Stock	164.85	164.85	164.85	164.85	85.76	85.76
Additional Paid-In Capital	639.58	639.6	639.6	639.6	701.74	682.84
Retained Earnings	287.55	283.24	397.55	404.5	452.66	351.64
Treasury Stock	-	-	-	-	-0.05	-7.21
Comprehensive Income & Other	23.56	21.03	15.95	12.82	14.09	15.35
Total Common Equity	1,116	1,109	1,218	1,222	1,254	1,128
Minority Interest	-7.9	-1.58	17.86	30	47.55	52.88
Shareholders' Equity	1,108	1,107	1,236	1,252	1,302	1,181
Total Liabilities & Equity	2,587	2,528	2,634	2,637	2,856	2,543
Total Debt	1,063	1,066	1,013	1,059	1,005	760.43
Net Cash (Debt)	-805.62	-848.41	-796.95	-895.48	-683.57	-530.53
Net Cash Per Share	-4.89	-5.15	-4.83	-6.19	-4.15	-3.27
Filing Date Shares Outstanding	165.12	164.84	164.85	164.85	162.95	162.95
Total Common Shares Outstanding	165.12	164.84	164.85	164.85	162.95	162.95
Working Capital	-573.42	-607.57	-504.88	-580.99	-592.61	-500.37
Book Value Per Share	6.76	6.73	7.39	7.41	7.70	6.92
Tangible Book Value	940.59	932.55	1,065	1,065	1,103	972.79
Tangible Book Value Per Share	5.70	5.66	6.46	6.46	6.77	5.97
Buildings	-	-	443.54	386.35	379.4	224.79
Machinery	-	-	1,709	1,120	1,588	515.26
Construction In Progress	-	-	31.3	598.33	132.14	1,237

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