SHE:300780 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Cash & Equivalents	158.71	169.83	151.27	121.74	225.97	106.7
Cash & Short-Term Investments	158.71	169.83	151.27	121.74	225.97	106.7
Cash Growth	63.52%	12.27%	24.25%	-46.12%	111.78%	-30.58%
Accounts Receivable	127.98	155.38	128.21	125.33	148.72	143.85
Other Receivables	134.01	131.88	144.62	152.05	9.29	18.35
Receivables	261.99	287.26	272.82	277.38	158.01	162.19
Inventory	270.59	254.86	320.65	333.89	513.83	448.57
Prepaid Expenses	-	-	-	-	6.1	0.24
Other Current Assets	22	16.58	20.37	20.68	11.4	24.4
Total Current Assets	713.29	728.52	765.11	753.7	915.3	742.11
Property, Plant & Equipment	834.25	851.54	912.88	1,025	1,057	939.93
Long-Term Investments	152.68	147.8	145.64	141.76	111.03	57.62
Other Intangible Assets	106.62	109.22	114.53	119.61	78.03	71.82
Long-Term Deferred Tax Assets	21.76	21.88	19.12	36.3	26.52	25.23
Long-Term Deferred Charges	5.63	6.15	6.09	1.75	2.04	1.15
Other Long-Term Assets	46.18	39.43	25.79	21.23	25.7	79.9
Total Assets	1,880	1,905	1,989	2,099	2,216	1,918
Accounts Payable	57.54	57	77.44	85.79	107	175.29
Accrued Expenses	27.1	26.76	33.23	39.4	35.62	32.59
Short-Term Debt	250.98	243.02	264.89	128.4	258.13	283.17
Current Portion of Long-Term Debt	192.58	228.06	81.42	202.56	63.9	50.15
Current Portion of Leases	-	-	22.71	32.61	6.43	23.73
Current Income Taxes Payable	7.13	5.54	1.64	5.31	5.14	5.91
Current Unearned Revenue	8.94	8.57	7.69	6.9	9.97	5.39
Other Current Liabilities	2.38	3.96	5.91	2.94	33.07	16.82
Total Current Liabilities	546.66	572.91	494.93	503.91	519.27	593.05
Long-Term Debt	203.39	200.73	305.73	275.5	328	89.5
Long-Term Leases	2	0.37	10.97	19.45	13.75	11.59
Long-Term Unearned Revenue	99.89	100.93	102.34	101.14	92.47	95.87
Long-Term Deferred Tax Liabilities	3.71	3.71	5.42	5.16	5.25	-
Other Long-Term Liabilities	2.02	2.02	-	-	37.91	15.9
Total Liabilities	857.66	880.68	919.38	905.16	996.65	805.9
Common Stock	146.67	146.67	146.67	146.67	146.67	146.67
Additional Paid-In Capital	578.32	575.04	575.04	575.04	575.04	575.04
Retained Earnings	275.24	286.07	333.55	464.31	495.85	387.27
Comprehensive Income & Other	1.28	0.72	0.27	-0.59	-0.08	-0.54
Total Common Equity	1,002	1,009	1,056	1,185	1,217	1,108
Minority Interest	21.24	15.35	14.25	8.84	1.42	3.41
Shareholders' Equity	1,023	1,024	1,070	1,194	1,219	1,112
Total Liabilities & Equity	1,880	1,905	1,989	2,099	2,216	1,918
Total Debt	648.95	672.19	685.71	658.52	670.21	458.14
Net Cash (Debt)	-490.24	-502.36	-534.44	-536.78	-444.24	-351.44
Net Cash Per Share	-3.24	-3.39	-3.64	-3.96	-3.03	-2.37
Filing Date Shares Outstanding	152.89	153.46	146.67	101.57	146.67	146.67
Total Common Shares Outstanding	152.89	153.46	146.67	101.57	146.67	146.67
Working Capital	166.63	155.61	270.19	249.78	396.03	149.06
Book Value Per Share	6.55	6.57	7.20	11.67	8.30	7.56
Tangible Book Value	894.9	899.28	941	1,066	1,139	1,037
Tangible Book Value Per Share	5.85	5.86	6.42	10.49	7.77	7.07
Buildings	-	-	409.01	413.38	368.59	214.91
Machinery	-	-	1,001	929.32	774.65	638.38
Construction In Progress	-	-	21.34	100.72	231.46	372.06

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