SHE:300920 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	272.39	255.83	387.21	476.89	601.4	631.27
Trading Asset Securities	66.06	51.05	10	-	-	-
Cash & Short-Term Investments	338.45	306.88	397.21	476.89	601.4	631.27
Cash Growth	-14.09%	-22.74%	-16.71%	-20.70%	-4.73%	-15.76%
Accounts Receivable	127.88	152.2	169.4	153.35	92.67	161.09
Other Receivables	3.14	7.74	4.77	7.83	21.81	14.49
Receivables	131.03	159.94	174.17	161.18	114.47	175.58
Inventory	95.22	91.46	78.03	68	72.93	95
Prepaid Expenses	-	0.1	-	-	-	-
Other Current Assets	16.45	13.97	7.27	4.99	7.6	30.28
Total Current Assets	581.15	572.35	656.68	711.07	796.41	932.12
Property, Plant & Equipment	615.21	620.94	580.06	514.92	479.3	359.03
Long-Term Investments	310	305	5	-	-	20
Goodwill	0.12	0.12	0.12	0.12	0.12	0.12
Other Intangible Assets	74.57	75.84	80.25	84.82	80.48	81.84
Long-Term Deferred Tax Assets	19.4	16.08	7.31	4.44	2.41	6.39
Long-Term Deferred Charges	0.03	0.04	0.38	0.3	0.49	0.67
Other Long-Term Assets	4.9	5.78	5.34	3.88	1.03	8.74
Total Assets	1,605	1,596	1,335	1,320	1,360	1,409
Accounts Payable	56.19	61.23	62.9	57.22	57.65	52.03
Accrued Expenses	5.96	12.3	13.55	11.41	8.16	10.81
Short-Term Debt	320.19	290.13	24.04	14.18	113.92	91.59
Current Portion of Long-Term Debt	0.48	-	-	-	-	-
Current Portion of Leases	-	0.48	0.78	0.78	0.91	1
Current Income Taxes Payable	3.31	3.2	3.26	0.64	0.42	7.95
Current Unearned Revenue	1.46	0.51	0.75	1.79	1.12	1.93
Other Current Liabilities	11.1	16.93	23.14	22.82	17.94	39.23
Total Current Liabilities	398.69	384.78	128.43	108.84	200.12	204.54
Long-Term Leases	0.02	0.05	-	0.69	0.08	1.33
Long-Term Unearned Revenue	26.1	26.1	26.1	26.1	26.1	22.32
Long-Term Deferred Tax Liabilities	-	-	-	-	-	5.07
Total Liabilities	424.81	410.93	154.53	135.63	226.3	233.26
Common Stock	100	100	100	100	100	100
Additional Paid-In Capital	667.07	667.07	667.07	667.07	673.68	670.56
Retained Earnings	429.7	426.55	409.58	404.14	362.09	408.63
Comprehensive Income & Other	-18.01	-10.48	-3.12	-2.76	-1.84	-3.53
Total Common Equity	1,179	1,183	1,174	1,168	1,134	1,176
Minority Interest	1.82	2.08	7.07	15.46	-	-
Shareholders' Equity	1,181	1,185	1,181	1,184	1,134	1,176
Total Liabilities & Equity	1,605	1,596	1,335	1,320	1,360	1,409
Total Debt	320.69	290.67	24.82	15.65	114.92	93.93
Net Cash (Debt)	17.76	16.21	372.39	461.24	486.49	537.34
Net Cash Growth	-94.93%	-95.65%	-19.26%	-5.19%	-9.46%	-22.17%
Net Cash Per Share	0.18	0.16	3.66	4.61	4.80	5.37
Filing Date Shares Outstanding	100.04	100	100	100	100	100
Total Common Shares Outstanding	100.04	100	100	100	100	100
Working Capital	182.46	187.57	528.25	602.23	596.29	727.59
Book Value Per Share	11.78	11.83	11.74	11.68	11.34	11.76
Tangible Book Value	1,104	1,107	1,093	1,084	1,053	1,094
Tangible Book Value Per Share	11.04	11.07	10.93	10.84	10.53	10.94
Land	-	29.37	28.06	-	-	-
Buildings	-	484.2	367.45	321.27	207.89	193.77
Machinery	-	243.11	258.45	230.3	196.79	163.46
Construction In Progress	-	23.23	66.85	64.36	142.46	39.79

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