SHE:300904 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	61.83	61.28	70.96	281.07	96.35	79.9
Trading Asset Securities	14.32	21.51	45.08	-	-	-
Cash & Short-Term Investments	76.14	82.78	116.03	281.07	96.35	79.9
Cash Growth	-27.19%	-28.66%	-58.72%	191.72%	20.58%	-30.69%
Accounts Receivable	355.87	424.77	413.33	501.45	380.99	320.13
Other Receivables	6.96	2.48	3.52	1.7	4.08	4.52
Receivables	362.83	427.25	416.85	503.16	385.07	324.65
Inventory	550.11	471.65	189.32	91.63	76.27	64.17
Other Current Assets	82.47	68.05	25.57	7.19	11.92	6.95
Total Current Assets	1,072	1,050	747.78	883.06	569.61	475.67
Property, Plant & Equipment	1,895	1,801	1,107	432.13	360.63	122.18
Other Intangible Assets	118.06	118.69	117.45	118.86	41.13	40.35
Long-Term Accounts Receivable	-	-	50.6	48.92	50.12	56.18
Long-Term Deferred Tax Assets	13.67	12.78	9.3	7.14	5.92	7.78
Long-Term Deferred Charges	4.05	4.58	4.61	3.9	3.39	3.32
Other Long-Term Assets	83.14	71.48	70.63	7.16	0.51	7.9
Total Assets	3,185	3,058	2,107	1,501	1,031	713.38
Accounts Payable	721.83	726.76	406.07	267.16	332.17	270.62
Accrued Expenses	15.75	15.54	12.66	12.73	10.45	15.61
Short-Term Debt	327.65	316.12	169.35	133.05	140.84	53.88
Current Portion of Long-Term Debt	134.64	107.59	20.53	21.04	13.08	9.97
Current Portion of Leases	-	-	6.03	4.52	4.11	12.26
Current Income Taxes Payable	1.98	1.69	0.06	0.67	-	7.01
Current Unearned Revenue	7.82	7.5	6.88	4.42	4.19	4.17
Other Current Liabilities	52.36	80.74	25.1	35	18.93	45.25
Total Current Liabilities	1,262	1,256	646.68	478.59	523.79	418.78
Long-Term Debt	1,257	1,141	665.8	137.65	186.2	47.11
Long-Term Leases	4.98	5.48	10.06	11.67	10.24	12.34
Long-Term Unearned Revenue	29.29	28.11	29.09	28.66	30.53	23.33
Other Long-Term Liabilities	47.64	5.36	2.24	2.46	2.07	1.61
Total Liabilities	2,601	2,436	1,354	659.03	752.83	503.16
Common Stock	72.38	72.38	72.38	72.38	54.29	54.29
Additional Paid-In Capital	602.56	600.02	594.02	599	62.06	62.06
Retained Earnings	-18	6.91	100.67	170.76	162.13	93.87
Treasury Stock	-72.65	-56.85	-14.01	-	-	-
Shareholders' Equity	584.29	622.45	753.07	842.14	278.48	210.22
Total Liabilities & Equity	3,185	3,058	2,107	1,501	1,031	713.38
Total Debt	1,724	1,570	871.76	307.93	354.48	135.56
Net Cash (Debt)	-1,648	-1,487	-755.73	-26.86	-258.13	-55.65
Net Cash Per Share	-23.19	-20.77	-10.49	-0.44	-4.76	-1.02
Filing Date Shares Outstanding	71.17	71.9	72.22	72.38	54.29	54.29
Total Common Shares Outstanding	71.17	71.9	72.22	72.38	54.29	54.29
Working Capital	-190.48	-206.22	101.1	404.46	45.83	56.89
Book Value Per Share	8.21	8.66	10.43	11.63	5.13	3.87
Tangible Book Value	466.23	503.76	635.61	723.28	237.35	169.87
Tangible Book Value Per Share	6.55	7.01	8.80	9.99	4.37	3.13
Buildings	-	-	232.03	197.07	3.59	3.59
Machinery	-	-	262.57	224.68	114.2	43.25
Construction In Progress	-	-	678.01	45.09	254.14	48.41

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