SHE:300956 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	139.91	195.75	198.56	82.55	136.72	143.86
Trading Asset Securities	30.01	-	30.14	120.14	208.74	-
Cash & Short-Term Investments	169.92	195.75	228.7	202.68	345.46	143.86
Cash Growth	-34.05%	-14.41%	12.84%	-41.33%	140.13%	383.87%
Accounts Receivable	777.78	909.13	769.18	563.77	412.85	710.43
Other Receivables	26.01	37.07	20.28	11.11	7.55	18.38
Receivables	803.79	946.19	789.46	574.88	420.4	728.81
Inventory	556.72	527.17	421.39	461.82	339.88	392.57
Other Current Assets	58.99	63.98	56.79	66.64	11.45	13.93
Total Current Assets	1,589	1,733	1,496	1,306	1,117	1,279
Property, Plant & Equipment	1,370	1,388	1,337	1,065	883.63	818.15
Long-Term Investments	1.99	1.99	1.99	1.98	-	-
Goodwill	0.07	0.07	-	-	-	-
Other Intangible Assets	67.12	67.37	68.45	70.07	67.43	68.55
Long-Term Deferred Tax Assets	10	8.1	15.94	25.07	23.64	25.67
Long-Term Deferred Charges	10.15	12.18	13.84	11.34	4.28	2.57
Other Long-Term Assets	194.79	195.55	29.83	9.39	10.68	17.99
Total Assets	3,244	3,407	2,964	2,489	2,107	2,212
Accounts Payable	865.46	929.77	879.14	748.83	403.39	580.79
Accrued Expenses	21.63	22.8	19.46	21.35	14.62	18.48
Short-Term Debt	596.93	652.71	425.13	207.33	176.34	373.33
Current Portion of Long-Term Debt	80.51	21.04	3.67	0.26	-	-
Current Portion of Leases	-	45.41	17.64	12.08	11.07	9.95
Current Income Taxes Payable	5.98	3.34	0.04	0.01	-	1.35
Current Unearned Revenue	-	0.17	0.31	-	0.76	-
Other Current Liabilities	28.26	65.25	40.54	4.35	3.17	6.4
Total Current Liabilities	1,599	1,740	1,386	994.21	609.36	990.3
Long-Term Debt	148.14	122.23	65.55	1.9	230.99	-
Long-Term Leases	3.57	74.24	39.25	15.44	9.59	31.44
Long-Term Unearned Revenue	73.67	75.22	80.94	87.43	77.23	74.6
Long-Term Deferred Tax Liabilities	1.84	1.84	3.59	13.96	16.95	21.5
Other Long-Term Liabilities	55.8	1.19	1.11	251.65	1.4	-
Total Liabilities	1,882	2,015	1,576	1,365	945.52	1,118
Common Stock	215.43	215.43	179.52	132	132	132
Additional Paid-In Capital	870.43	870.43	908.59	585.89	585.87	585.87
Retained Earnings	265.05	292.28	297.11	293.44	328.46	369.55
Comprehensive Income & Other	-4.63	-2.91	-0.12	109.38	109.38	-0.05
Total Common Equity	1,346	1,375	1,385	1,121	1,156	1,087
Minority Interest	15.85	16.21	2.43	3.46	5.64	6.89
Shareholders' Equity	1,362	1,391	1,388	1,124	1,161	1,094
Total Liabilities & Equity	3,244	3,407	2,964	2,489	2,107	2,212
Total Debt	829.15	915.63	551.24	237.02	428	414.72
Net Cash (Debt)	-659.23	-719.88	-322.53	-34.33	-82.54	-270.86
Net Cash Per Share	-2.91	-3.29	-1.57	-0.18	-0.43	-1.51
Filing Date Shares Outstanding	189.4	215.43	215.43	190.08	190.08	190.08
Total Common Shares Outstanding	189.4	215.43	215.43	190.08	190.08	190.08
Working Capital	-9.35	-7.41	110.44	311.82	507.83	288.87
Book Value Per Share	7.11	6.38	6.43	5.32	5.50	5.72
Tangible Book Value	1,279	1,308	1,317	1,051	1,088	1,019
Tangible Book Value Per Share	6.75	6.07	6.11	4.95	5.15	5.36
Buildings	-	690.44	574.31	450.33	293.63	283.98
Machinery	-	970.49	924.51	740.18	672.12	489.98
Construction In Progress	-	6.66	90.69	181.76	140.01	135.45

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