SHE:300723 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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	1,129	515.38	468.97	422.52	645.6	1,075
Short-Term Investments	-	-	-	1	-	-
Trading Asset Securities	24	-	4.75	40.44	72.19	15.03
Cash & Short-Term Investments	1,153	515.38	473.72	463.96	717.78	1,090
Cash Growth	57.71%	8.79%	2.10%	-35.36%	-34.15%	47.50%
Accounts Receivable	167.38	242.2	351.1	451.38	397.75	243.39
Other Receivables	40.7	40.1	11.24	12.48	12.4	27.16
Receivables	208.08	282.31	362.34	463.86	410.15	270.55
Inventory	191.98	215.91	287.13	346.44	178.02	114.97
Prepaid Expenses	-	2.38	22.68	1.02	-	-
Other Current Assets	172.45	85	112.02	84.58	105.37	88.02
Total Current Assets	1,725	1,101	1,258	1,360	1,411	1,564
Property, Plant & Equipment	1,686	1,790	1,928	1,799	1,686	1,043
Long-Term Investments	284.19	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	358.68	390.19	428.46	446.79	460.97	460.42
Long-Term Deferred Tax Assets	152.83	137.5	129.13	54.34	47.32	36.71
Long-Term Deferred Charges	89.43	89.09	59.37	56.1	59.53	58.53
Other Long-Term Assets	18.29	8.98	17.37	44.78	37.08	146.58
Total Assets	4,315	4,042	4,404	4,405	4,098	3,728

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Accounts Payable	63.74	82.04	107.84	202.4	84.83	40.65
Accrued Expenses	18.55	49.06	48.18	126.28	77.65	73.15
Short-Term Debt	795.15	520.08	1,000	550	550	851.66
Current Portion of Long-Term Debt	31.31	181.34	60.29	40	2.23	1.56
Current Portion of Leases	-	1.79	17.63	26.39	25.49	23.06
Current Income Taxes Payable	13.74	-	-	37.81	27.93	6.41
Current Unearned Revenue	17.99	36.57	38.8	48.37	110.36	20.99
Other Current Liabilities	253.67	264.77	459.5	457.73	330.37	188.21
Total Current Liabilities	1,194	1,136	1,732	1,489	1,209	1,206
Long-Term Debt	1,190	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	110.32	108.96	87.54	83.34	75.76	84.45
Long-Term Deferred Tax Liabilities	16.69	21.14	35.49	49.01	58.09	66.82
Total Liabilities	2,513	2,636	2,468	1,807	1,933	1,710

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Common Stock	453.18	451.69	451.69	454.14	288.08	288.03
Additional Paid-In Capital	624.52	592.8	682.13	814.15	542.26	570.59
Retained Earnings	847.15	464.49	802.29	1,437	1,309	1,075
Treasury Stock	-155.73	-139.63	-57.66	-182.82	-192.6	-169
Comprehensive Income & Other	-	-	-	-	104.82	110.14
Total Common Equity	1,769	1,369	1,878	2,522	2,051	1,874
Minority Interest	33.36	37.34	57.43	75.83	114.59	144.07
Shareholders' Equity	1,802	1,407	1,936	2,598	2,166	2,018
Total Liabilities & Equity	4,315	4,042	4,404	4,405	4,098	3,728

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Total Debt	2,018	2,073	1,691	802.43	1,168	1,229
Net Cash (Debt)	-865.25	-1,558	-1,217	-338.46	-449.87	-139.01
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.91	-3.45	-2.69	-0.75	-1.04	-0.33
Filing Date Shares Outstanding	456.09	451.91	451.65	449.03	424.45	426.18
Total Common Shares Outstanding	456.09	451.91	451.65	449.03	424.45	426.18
Working Capital	531.08	-34.66	-474.5	-129.13	202.47	357.9
Book Value Per Share	3.88	3.03	4.16	5.62	4.83	4.40
Tangible Book Value	1,410	978.9	1,450	2,064	1,579	1,403
Tangible Book Value Per Share	3.09	2.17	3.21	4.60	3.72	3.29
Buildings	-	1,217	1,180	1,039	615.95	75.71
Machinery	-	1,093	981.26	820.5	272.02	244.21
Construction In Progress	-	8.09	141.94	164.02	904.37	783.68