SHE:301037 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	176.95	176.6	177.91	264.3	308.81	317.11
Cash & Short-Term Investments	176.95	176.6	177.91	264.3	308.81	317.11
Cash Growth	-21.58%	-0.74%	-32.68%	-14.41%	-2.62%	36.97%
Accounts Receivable	768.84	855.59	1,038	933.85	1,224	1,376
Other Receivables	31.11	26.17	9.87	3.88	5.58	6.45
Receivables	799.96	881.76	1,048	937.72	1,229	1,383
Inventory	135.94	109.39	134.46	193.25	137.93	198.82
Prepaid Expenses	-	-	33.64	25.04	-	-
Other Current Assets	71.64	59	30.76	18.18	55.45	72.01
Total Current Assets	1,184	1,227	1,425	1,438	1,731	1,971
Property, Plant & Equipment	871.95	869.88	848.24	713.9	520.52	351.45
Other Intangible Assets	92.38	93.2	112.25	129.38	97.6	66.49
Long-Term Deferred Tax Assets	22.77	24.58	31.58	43.99	16.74	11.1
Long-Term Deferred Charges	4.09	5.54	23.09	32.73	28.39	4.22
Other Long-Term Assets	70.76	57.11	61.59	60.19	123.52	63.77
Total Assets	2,246	2,277	2,502	2,419	2,518	2,468
Accounts Payable	168.85	151.77	201.33	235.87	318.15	397.3
Accrued Expenses	8.99	8.91	19.96	40.55	24.29	23.34
Short-Term Debt	1,056	1,096	1,161	870.19	892.63	654.63
Current Portion of Long-Term Debt	115.34	108.56	72.08	10.37	14.86	-
Current Portion of Leases	-	-	0.04	3.81	3.75	3.9
Current Income Taxes Payable	4.03	4.06	0.45	4.65	0.36	2.55
Current Unearned Revenue	14.32	6.72	11.04	17.98	22.88	31.38
Other Current Liabilities	276.25	294.67	279.12	263.53	308.93	471.35
Total Current Liabilities	1,644	1,670	1,745	1,447	1,586	1,584
Long-Term Debt	10.69	10.23	63.41	148.09	73.47	5.65
Long-Term Leases	0.1	0.14	10.16	13.99	17.96	19.74
Long-Term Unearned Revenue	19.59	19.71	12.87	-	-	-
Long-Term Deferred Tax Liabilities	0.51	0.58	3.05	4.81	-	-
Other Long-Term Liabilities	26.02	3.9	31.25	-	9.59	31.7
Total Liabilities	1,701	1,705	1,866	1,614	1,687	1,642
Common Stock	139.03	139.03	139.5	100.03	100.38	90.1
Additional Paid-In Capital	323.99	323.99	327.83	372.24	378.84	359.71
Retained Earnings	103.32	129.32	185.17	334.84	366.13	374.98
Treasury Stock	-20.02	-20.02	-24.01	-8.83	-15.9	-
Comprehensive Income & Other	-0.84	-0.11	3.99	3	1.81	1.28
Total Common Equity	545.49	572.22	632.48	801.28	831.26	826.08
Minority Interest	-	-	3.28	3.56	-	-
Shareholders' Equity	545.49	572.22	635.76	804.84	831.26	826.08
Total Liabilities & Equity	2,246	2,277	2,502	2,419	2,518	2,468
Total Debt	1,182	1,215	1,307	1,046	1,003	683.92
Net Cash (Debt)	-1,005	-1,038	-1,129	-782.15	-693.86	-366.81
Net Cash Per Share	-7.23	-7.46	-8.11	-5.56	-4.95	-3.09
Filing Date Shares Outstanding	139.04	139.3	137.26	141.05	140.53	140.41
Total Common Shares Outstanding	139.04	139.3	137.26	141.05	140.53	138.75
Working Capital	-459.56	-443.53	-320.26	-8.47	145.5	386.12
Book Value Per Share	3.92	4.11	4.61	5.68	5.92	5.95
Tangible Book Value	453.1	479.02	520.23	671.9	733.66	759.58
Tangible Book Value Per Share	3.26	3.44	3.79	4.76	5.22	5.47
Buildings	-	-	423.45	386.9	195.07	178.99
Machinery	-	-	485.41	473.01	322.08	301.96
Construction In Progress	-	-	192.42	85.61	245.14	72.32

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