SHE:300985 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	85.49	105.4	136.32	337.21	151.33	541.69
Trading Asset Securities	10.74	10.74	11.4	-	17.9	-
Cash & Short-Term Investments	96.23	116.14	147.72	337.21	169.23	541.69
Cash Growth	-46.62%	-21.38%	-56.19%	99.26%	-68.76%	254.12%
Accounts Receivable	623.46	636.05	338.87	210.21	75.43	183.78
Other Receivables	12.62	2.07	28.56	79.5	48.89	19.82
Receivables	636.08	638.13	367.43	289.71	124.31	203.6
Inventory	730.4	649.24	648.39	651.01	277	216.69
Prepaid Expenses	-	-	-	-	-	0.55
Other Current Assets	92.59	94.24	59.48	43.31	27.75	16.34
Total Current Assets	1,555	1,498	1,223	1,321	598.3	978.87
Property, Plant & Equipment	839.5	843.3	822.29	982.68	764.4	338.81
Long-Term Investments	18.88	18.93	23.24	64.61	67.97	21.54
Other Intangible Assets	108	108.79	111.74	114.33	117	89.79
Long-Term Deferred Tax Assets	35.76	36.67	28.35	17.5	24.65	10.27
Long-Term Deferred Charges	1.93	1.3	1.99	2.92	1.58	-
Other Long-Term Assets	42.03	26.35	16.65	33.83	40.52	23.64
Total Assets	2,601	2,533	2,227	2,537	1,614	1,463
Accounts Payable	542.75	457.48	376.7	529.01	209.76	108.58
Accrued Expenses	11.98	12.63	12.82	19.44	14.42	9.54
Short-Term Debt	257.87	284.26	209.75	85.08	100.14	-
Current Portion of Long-Term Debt	296.82	299.02	126.35	55.84	0.1	-
Current Portion of Leases	-	-	14.46	5.55	6.28	10.41
Current Income Taxes Payable	2.84	2.02	0	24.27	0	-
Current Unearned Revenue	35.54	28.08	23.1	179.44	19.72	3.01
Other Current Liabilities	7.82	5.38	5.33	26.71	5.9	3.11
Total Current Liabilities	1,156	1,089	768.49	925.33	356.32	134.65
Long-Term Debt	499.18	499.43	355	307.89	48	-
Long-Term Leases	3.32	6.65	12.49	11.34	5.4	10.24
Long-Term Unearned Revenue	-	-	0.75	0.38	0.38	-
Long-Term Deferred Tax Liabilities	6.19	5.67	8.19	5.3	3.67	-
Other Long-Term Liabilities	45.7	52.29	102.71	46.04	17.94	32.61
Total Liabilities	1,710	1,653	1,248	1,296	431.7	177.5
Common Stock	186.51	186.51	186.51	133.33	133.33	133.33
Additional Paid-In Capital	763.32	763.32	763.32	816.5	814.43	826.35
Retained Earnings	6.12	-5.13	37.71	282.78	226.53	294.1
Treasury Stock	-71.57	-71.57	-15.44	-	-	-
Comprehensive Income & Other	-0.42	-0.42	-0.42	-	-	-
Total Common Equity	883.96	872.71	971.67	1,233	1,174	1,254
Minority Interest	7.45	7.48	7.98	8.23	8.41	31.64
Shareholders' Equity	891.41	880.19	979.65	1,241	1,183	1,285
Total Liabilities & Equity	2,601	2,533	2,227	2,537	1,614	1,463
Total Debt	1,057	1,089	718.04	465.69	159.93	20.65
Net Cash (Debt)	-960.94	-973.22	-570.32	-128.48	9.31	521.03
Net Cash Growth	-	-	-	-	-98.21%	-
Net Cash Per Share	-5.16	-5.23	-3.06	-0.69	0.05	3.08
Filing Date Shares Outstanding	186.56	185.37	185.89	186.67	186.67	186.67
Total Common Shares Outstanding	186.56	185.37	185.89	186.67	186.67	186.67
Working Capital	399.69	408.88	454.53	395.91	241.98	844.22
Book Value Per Share	4.74	4.71	5.23	6.60	6.29	6.72
Tangible Book Value	775.96	763.93	859.94	1,118	1,057	1,164
Tangible Book Value Per Share	4.16	4.12	4.63	5.99	5.66	6.24
Buildings	-	-	494.31	516.75	42.01	41.36
Machinery	-	-	500.33	418.94	145.25	141.01
Construction In Progress	-	-	18.01	160.67	643.61	197.3

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