SHE:300723 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	1,370	515.38	468.97	422.52	645.6	1,075
Short-Term Investments	-	-	-	1	-	-
Trading Asset Securities	31	-	4.75	40.44	72.19	15.03
Cash & Short-Term Investments	1,401	515.38	473.72	463.96	717.78	1,090
Cash Growth	71.52%	8.79%	2.10%	-35.36%	-34.15%	47.50%
Accounts Receivable	304.1	242.2	351.1	451.38	397.75	243.39
Other Receivables	41.7	40.1	11.24	12.48	12.4	27.16
Receivables	345.81	282.31	362.34	463.86	410.15	270.55
Inventory	220.81	215.91	287.13	346.44	178.02	114.97
Prepaid Expenses	-	-	8.23	1.02	-	-
Other Current Assets	108.03	87.38	126.46	84.58	105.37	88.02
Total Current Assets	2,076	1,101	1,258	1,360	1,411	1,564
Property, Plant & Equipment	1,732	1,790	1,928	1,799	1,686	1,043
Long-Term Investments	289.54	525.57	583.44	633.55	384.44	408.01
Goodwill	0.26	0.26	0.26	11.28	11.28	11.28
Other Intangible Assets	374.28	390.19	428.46	446.79	460.97	460.42
Long-Term Deferred Tax Assets	126.76	137.5	129.13	54.34	47.32	36.71
Long-Term Deferred Charges	88.58	89.09	59.37	56.1	59.53	58.53
Other Long-Term Assets	9.93	8.98	17.37	44.78	37.08	146.58
Total Assets	4,698	4,042	4,404	4,405	4,098	3,728
Accounts Payable	103.9	82.04	107.84	202.4	84.83	40.65
Accrued Expenses	17.46	38.74	46.86	126.28	77.65	73.15
Short-Term Debt	850.65	520.08	1,000	550	550	851.66
Current Portion of Long-Term Debt	65.59	183.13	60.29	40	2.23	1.56
Current Portion of Leases	-	-	17.63	26.39	25.49	23.06
Current Income Taxes Payable	28.95	7.6	-	37.81	27.93	6.41
Current Unearned Revenue	22.51	36.57	38.8	48.37	110.36	20.99
Other Current Liabilities	342.92	267.49	460.82	457.73	330.37	188.21
Total Current Liabilities	1,432	1,136	1,732	1,489	1,209	1,206
Long-Term Debt	1,167	1,368	610	160	531.42	270.45
Long-Term Leases	1.43	1.43	2.8	26.03	58.52	82.33
Long-Term Unearned Revenue	105.27	108.96	87.54	83.34	75.76	84.45
Long-Term Deferred Tax Liabilities	20.98	21.14	35.49	49.01	58.09	66.82
Total Liabilities	2,726	2,636	2,468	1,807	1,933	1,710
Common Stock	451.69	451.69	451.69	454.14	288.08	288.03
Additional Paid-In Capital	592.8	592.8	682.13	814.15	542.26	570.59
Retained Earnings	1,059	464.49	802.29	1,437	1,309	1,075
Treasury Stock	-167.66	-139.63	-57.66	-182.82	-192.6	-169
Comprehensive Income & Other	-	-	-	-	104.82	110.14
Total Common Equity	1,936	1,369	1,878	2,522	2,051	1,874
Minority Interest	35.58	37.34	57.43	75.83	114.59	144.07
Shareholders' Equity	1,971	1,407	1,936	2,598	2,166	2,018
Total Liabilities & Equity	4,698	4,042	4,404	4,405	4,098	3,728
Total Debt	2,084	2,073	1,691	802.43	1,168	1,229
Net Cash (Debt)	-682.86	-1,558	-1,217	-338.46	-449.87	-139.01
Net Cash Per Share	-1.51	-3.45	-2.69	-0.75	-1.04	-0.33
Filing Date Shares Outstanding	451.69	451.91	451.65	449.03	424.45	426.18
Total Common Shares Outstanding	451.69	451.91	451.65	449.03	424.45	426.18
Working Capital	644.1	-34.66	-474.5	-129.13	202.47	357.9
Book Value Per Share	4.29	3.03	4.16	5.62	4.83	4.40
Tangible Book Value	1,561	978.9	1,450	2,064	1,579	1,403
Tangible Book Value Per Share	3.46	2.17	3.21	4.60	3.72	3.29
Buildings	-	-	1,180	1,039	615.95	75.71
Machinery	-	-	981.24	820.5	272.02	244.21
Construction In Progress	-	-	141.94	164.02	904.37	783.68

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