SHE:300876 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	60.45	86.79	79.43	181.04	405.7	243.03
Short-Term Investments	-	-	-	80	50	80
Trading Asset Securities	-	-	-	5	55	180
Cash & Short-Term Investments	60.45	86.79	79.43	266.04	510.7	503.03
Cash Growth	4.25%	9.26%	-70.14%	-47.91%	1.52%	-0.85%
Accounts Receivable	109.63	135.41	155.62	129.2	94.37	68.9
Other Receivables	6.03	1.13	0.29	1.87	1.59	1.13
Receivables	115.66	136.54	155.92	131.07	95.96	70.02
Inventory	69.88	71.95	94.42	45	69.85	36.69
Prepaid Expenses	-	0.05	-	-	0.2	0.57
Other Current Assets	65.07	64.95	94.51	59.16	35.24	64.26
Total Current Assets	311.06	360.28	424.27	501.26	711.96	674.57
Property, Plant & Equipment	999.85	953.38	752.46	715.23	307.79	98.97
Long-Term Investments	3.93	3.93	1.93	24.89	5.83	1.15
Goodwill	-	-	3.28	12.84	-	-
Other Intangible Assets	211.17	212.65	218.26	60.06	48.82	59.23
Long-Term Deferred Tax Assets	0.06	0.07	0.11	3.28	2.38	1.51
Long-Term Deferred Charges	6.33	6.86	8.34	8.64	9.88	11.63
Other Long-Term Assets	328.81	353.53	260.51	141.69	150.22	93.43
Total Assets	1,861	1,891	1,669	1,468	1,237	940.49
Accounts Payable	112.88	107.13	52.35	51.82	11.44	10.67
Accrued Expenses	6.43	13.55	14.57	11.31	9.75	8.93
Short-Term Debt	129.58	158.11	346.96	91.59	40.98	74.23
Current Portion of Long-Term Debt	41.08	36.38	8.21	3.88	0.2	-
Current Income Taxes Payable	0.25	0.03	0.09	3.8	5.75	2
Current Unearned Revenue	2.24	1.53	5.57	7.52	7.99	10.35
Other Current Liabilities	13.07	10.6	47.29	5.23	1.23	2.36
Total Current Liabilities	305.54	327.31	475.05	175.13	77.34	108.54
Long-Term Debt	380.46	390.32	305.55	309.24	252.99	19
Long-Term Unearned Revenue	8.72	7.07	4.81	5.78	5.9	4.83
Long-Term Deferred Tax Liabilities	0.71	0.76	4.97	8.62	10.31	-
Other Long-Term Liabilities	44	44	-	-	-	-
Total Liabilities	739.44	769.46	790.38	498.78	346.54	132.37
Common Stock	108.72	108.72	96	96	96	96
Additional Paid-In Capital	791.87	788.67	457.4	457.97	454.77	454.56
Retained Earnings	126.87	135.41	197.35	281.01	278.73	257.56
Treasury Stock	-8.93	-12	-12	-	-	-
Comprehensive Income & Other	-	-	61.17	61.17	61.19	-
Total Common Equity	1,019	1,021	799.93	896.15	890.69	808.12
Minority Interest	103.25	100.45	78.85	72.95	-0.35	-
Shareholders' Equity	1,122	1,121	878.78	969.1	890.33	808.12
Total Liabilities & Equity	1,861	1,891	1,669	1,468	1,237	940.49
Total Debt	551.12	584.81	660.72	404.71	294.17	93.23
Net Cash (Debt)	-490.68	-498.02	-581.29	-138.67	216.53	409.8
Net Cash Growth	-	-	-	-	-47.16%	-19.03%
Net Cash Per Share	-4.83	-5.06	-6.08	-1.44	2.25	4.27
Filing Date Shares Outstanding	108.69	108.03	95.32	96	96	96
Total Common Shares Outstanding	108.69	108.03	95.32	96	96	96
Working Capital	5.52	32.97	-50.77	326.13	634.62	566.03
Book Value Per Share	9.37	9.45	8.39	9.33	9.28	8.42
Tangible Book Value	807.35	808.15	578.39	823.26	841.86	748.89
Tangible Book Value Per Share	7.43	7.48	6.07	8.58	8.77	7.80
Buildings	-	392.14	386.16	337.21	10.25	10.25
Machinery	-	434.72	423.75	141.92	78.91	79.05
Construction In Progress	-	285.5	54.09	306.97	258.1	43.41

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