SHE:300878 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	181.62	137.42	253.96	330.16	162.74	280.8
Trading Asset Securities	10.28	10.02	-	245.56	-	-
Cash & Short-Term Investments	191.9	147.44	253.96	575.73	162.74	280.8
Cash Growth	-27.63%	-41.95%	-55.89%	253.77%	-42.04%	-52.83%
Accounts Receivable	148.3	138.72	165.71	264.97	333.89	409.9
Other Receivables	11.83	11.64	52.15	29.1	366.31	2.76
Receivables	160.13	150.36	217.87	294.07	700.2	412.65
Inventory	54.82	60.87	118.32	153.78	116.78	129.49
Other Current Assets	23.58	24.58	26.33	28.16	54.27	47.15
Total Current Assets	430.44	383.25	616.48	1,052	1,034	870.09
Property, Plant & Equipment	752.01	759.09	853.66	857.39	761.5	706.09
Long-Term Investments	12.5	12.5	25	26.55	25	19.96
Goodwill	-	-	10.97	27.08	27.22	17.62
Other Intangible Assets	29.97	30.09	33.59	35.67	37.56	39.31
Long-Term Deferred Tax Assets	32.51	35.23	54.67	27.07	16.63	24.59
Long-Term Deferred Charges	11.27	12.01	2.51	5.07	6.11	7.03
Other Long-Term Assets	18.78	19.06	55.44	31.17	6.52	8.62
Total Assets	1,287	1,251	1,652	2,062	1,915	1,693
Accounts Payable	26.63	47.01	78.85	101.12	95.75	97.26
Accrued Expenses	4.26	8.31	44.74	52.09	24.61	53.2
Short-Term Debt	138.35	63.34	10.01	261.9	257.25	50.06
Current Portion of Long-Term Debt	9.93	9.93	88.21	-	-	-
Current Portion of Leases	-	-	2.55	10.21	11.76	12.29
Current Income Taxes Payable	17.36	21.17	0.14	0.26	2.33	6.09
Current Unearned Revenue	5.56	8.77	11.18	14.7	15.79	8.39
Other Current Liabilities	19.19	26.89	4.7	5.28	5.58	5.12
Total Current Liabilities	221.27	185.42	240.38	445.55	413.07	232.4
Long-Term Debt	89.96	89.95	186.62	149.95	33.39	-
Long-Term Leases	1.34	1.71	5.18	13.18	16.71	19.99
Long-Term Unearned Revenue	40.97	42.03	38.92	42.83	32.65	25.01
Long-Term Deferred Tax Liabilities	8.37	8.38	7.4	2.03	7.67	6.89
Total Liabilities	361.92	327.5	478.5	653.55	503.49	284.28
Common Stock	144.79	144.79	144.79	144.79	144.79	80.44
Additional Paid-In Capital	680.77	680.77	680.77	680.77	680.77	745.12
Retained Earnings	136.62	134.88	382.11	565.05	572.29	571.76
Treasury Stock	-50	-50	-50	-	-	-
Total Common Equity	912.18	910.44	1,158	1,391	1,398	1,397
Minority Interest	13.37	13.29	16.16	17.6	13.2	11.71
Shareholders' Equity	925.55	923.73	1,174	1,408	1,411	1,409
Total Liabilities & Equity	1,287	1,251	1,652	2,062	1,915	1,693
Total Debt	239.58	164.94	292.57	435.24	319.1	82.34
Net Cash (Debt)	-47.68	-17.5	-38.61	140.48	-156.36	198.46
Net Cash Growth	-	-	-	-	-	-65.81%
Net Cash Per Share	-0.33	-0.12	-0.27	0.94	-1.09	1.38
Filing Date Shares Outstanding	145.27	144.84	142.05	144.79	144.79	144.79
Total Common Shares Outstanding	145.27	144.84	142.05	144.79	144.79	144.79
Working Capital	209.17	197.83	376.1	606.19	620.93	637.69
Book Value Per Share	6.28	6.29	8.15	9.60	9.65	9.65
Tangible Book Value	882.21	880.35	1,113	1,328	1,333	1,340
Tangible Book Value Per Share	6.07	6.08	7.84	9.17	9.21	9.26
Buildings	-	-	728.27	408.8	344.26	239.09
Machinery	-	-	264.87	307.22	286.89	162.96
Construction In Progress	-	-	55.1	270.43	225.09	366.57

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