SHE:300804 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	141.97	201.99	138.96	368	17.47	68.98
Short-Term Investments	-	-	160.98	50	-	-
Trading Asset Securities	39.34	150.49	270.3	135.05	-	-
Cash & Short-Term Investments	181.31	352.48	570.24	553.05	17.47	68.98
Cash Growth	-69.96%	-38.19%	3.11%	3065.48%	-74.67%	-13.29%
Accounts Receivable	212.61	223.04	268.56	212.16	154.12	108.97
Other Receivables	5.22	2.76	1.07	19.43	2.29	3.52
Receivables	217.84	225.8	269.64	231.59	156.41	112.49
Inventory	246.2	221.04	149.2	156.47	90.9	121.17
Other Current Assets	305.88	289.62	74.01	57.64	33	15.97
Total Current Assets	951.23	1,089	1,063	998.75	297.78	318.62
Property, Plant & Equipment	992.56	931.78	731.88	622.72	557.83	356.79
Other Intangible Assets	145.62	146.57	149.54	153.53	62.4	65.21
Long-Term Deferred Tax Assets	13.59	12.29	11.84	6.11	4.62	3.44
Long-Term Deferred Charges	7.72	4.72	4.76	4.75	4.44	3.41
Other Long-Term Assets	40.91	32.99	24.29	45.24	8.69	13.64
Total Assets	2,152	2,217	1,985	1,831	935.77	761.12
Accounts Payable	242.3	290.56	225.9	206.74	123.75	69.71
Accrued Expenses	10.05	14.36	13.67	9.8	9.27	12.39
Short-Term Debt	144.16	195.99	144.04	217.34	66.03	75.25
Current Portion of Long-Term Debt	59.76	56.3	44.53	38.07	19.47	-
Current Portion of Leases	-	-	1.27	1.38	0.97	-
Current Income Taxes Payable	2.74	2.83	5.01	-	0	3.87
Current Unearned Revenue	7.42	7.54	6.52	13.12	1.75	31.09
Other Current Liabilities	40.24	69.4	80.31	3.05	11.08	39.65
Total Current Liabilities	506.67	636.99	521.26	489.5	232.32	231.97
Long-Term Debt	250.4	186.5	111.86	41.57	77.87	-
Long-Term Leases	-	-	1.46	2.72	3.81	-
Long-Term Unearned Revenue	22.55	22.09	22.94	4.68	5.83	6.99
Long-Term Deferred Tax Liabilities	3.59	3.62	4.2	5.55	6.43	1.55
Other Long-Term Liabilities	0.56	-	-	1.47	2.2	10.95
Total Liabilities	783.77	849.19	661.72	545.47	328.47	251.46
Common Stock	74	74	74	74	55.5	55.5
Additional Paid-In Capital	846.8	846.8	846.5	845.91	166.21	164.62
Retained Earnings	440.54	441.11	400.4	365.72	385.59	289.54
Comprehensive Income & Other	5.58	5.43	1.71	-	-	-
Total Common Equity	1,367	1,367	1,323	1,286	607.3	509.65
Minority Interest	0.96	0.77	1.06	-	-	-
Shareholders' Equity	1,368	1,368	1,324	1,286	607.3	509.65
Total Liabilities & Equity	2,152	2,217	1,985	1,831	935.77	761.12
Total Debt	454.31	438.79	303.16	301.07	168.15	75.25
Net Cash (Debt)	-273.01	-86.31	267.07	251.98	-150.68	-6.27
Net Cash Growth	-	-	5.99%	-	-	-
Net Cash Per Share	-3.91	-1.17	3.62	18.18	-2.71	-0.11
Filing Date Shares Outstanding	57.55	74.09	74	74	55.5	55.5
Total Common Shares Outstanding	57.55	74.09	74	74	55.5	55.5
Working Capital	444.55	451.95	541.83	509.25	65.46	86.65
Book Value Per Share	23.75	18.46	17.87	17.37	10.94	9.18
Tangible Book Value	1,221	1,221	1,173	1,132	544.9	444.44
Tangible Book Value Per Share	21.22	16.48	15.85	15.30	9.82	8.01
Buildings	-	-	167.58	161.15	148.06	108.95
Machinery	-	-	578.18	523.67	317.17	271.64
Construction In Progress	-	-	206.9	110.26	220.35	78.68

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