SHE:301049 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	12.24	16.5	29.48	67.74	145.73	401.63
Cash & Short-Term Investments	12.24	16.5	29.48	67.74	145.73	401.63
Cash Growth	-18.38%	-44.01%	-56.48%	-53.52%	-63.71%	526.71%
Accounts Receivable	136.64	147.39	190.9	194.74	176.89	183.73
Other Receivables	5.54	5.44	6.17	4.85	7.65	2.15
Receivables	142.18	152.83	197.07	199.59	184.54	185.88
Inventory	16.61	15.64	13.64	21.97	9.36	9.75
Other Current Assets	45.52	35.82	44	32.69	47.53	28.06
Total Current Assets	216.54	220.79	284.19	321.99	387.17	625.31
Property, Plant & Equipment	727.6	742.56	772.15	715.9	630.4	392.19
Other Intangible Assets	123.74	124.18	127.02	101.19	103.23	31.66
Long-Term Accounts Receivable	-	0.84	-	-	-	-
Long-Term Deferred Tax Assets	-	-	1.26	1.46	8.36	2.55
Long-Term Deferred Charges	3.35	4.04	3.96	5.6	3.22	1.2
Other Long-Term Assets	84.52	87.39	69.6	101.89	51.43	49.87
Total Assets	1,156	1,180	1,258	1,248	1,184	1,103
Accounts Payable	209.42	220.86	161.65	131.06	126	76.08
Accrued Expenses	21.53	22.6	13.47	13.51	7.64	6.28
Short-Term Debt	107.59	101.51	89.16	69.72	30.03	10.01
Current Portion of Long-Term Debt	40.17	32.17	28.31	23.27	6.08	8
Current Portion of Leases	-	-	-	0.45	8.4	16.01
Current Income Taxes Payable	4.12	1.29	1.29	1.29	1.29	5.54
Current Unearned Revenue	22.91	23.26	21.06	18.55	7.66	12.91
Other Current Liabilities	53.91	55.35	29.65	6.36	6.55	8.43
Total Current Liabilities	459.65	457.05	344.6	264.22	193.64	143.25
Long-Term Debt	15.97	24.47	72.99	92	19.2	22.04
Long-Term Leases	-	-	-	0.47	-	8.39
Long-Term Unearned Revenue	55.02	55.97	58.76	41.84	23.34	4.02
Long-Term Deferred Tax Liabilities	-	-	-	0.2	-	-
Other Long-Term Liabilities	86.33	85.51	82.33	79.37	76.48	10.25
Total Liabilities	616.97	623	558.69	478.11	312.67	187.95
Common Stock	94.25	94.25	94.25	94.25	94.25	94.25
Additional Paid-In Capital	543.24	543.24	543.24	543.24	543.24	543.24
Retained Earnings	-125.42	-107.67	33.51	102.85	222.66	267.85
Comprehensive Income & Other	15.19	14.74	13.06	12.15	10.98	9.49
Total Common Equity	527.26	544.57	684.07	752.5	871.14	914.84
Minority Interest	11.51	12.23	15.42	17.43	-	-
Shareholders' Equity	538.77	556.8	699.49	769.93	871.14	914.84
Total Liabilities & Equity	1,156	1,180	1,258	1,248	1,184	1,103
Total Debt	163.73	158.15	190.47	185.93	63.71	64.45
Net Cash (Debt)	-151.49	-141.64	-160.99	-118.19	82.03	337.17
Net Cash Growth	-	-	-	-	-75.67%	-
Net Cash Per Share	-1.61	-1.50	-1.72	-1.25	0.87	4.29
Filing Date Shares Outstanding	94.25	94.25	94.25	94.25	94.25	94.25
Total Common Shares Outstanding	94.25	94.25	94.25	94.25	94.25	94.25
Working Capital	-243.11	-236.26	-60.4	57.77	193.52	482.06
Book Value Per Share	5.59	5.78	7.26	7.98	9.24	9.71
Tangible Book Value	403.52	420.39	557.05	651.31	767.91	883.18
Tangible Book Value Per Share	4.28	4.46	5.91	6.91	8.15	9.37
Buildings	-	543.61	516.52	484.73	344.12	161.45
Machinery	-	314.59	314.01	274.7	260.59	153.89
Construction In Progress	-	189.15	181.35	110.02	127.03	156.05

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