SHE:301051 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	260.83	666.13	428.25	702.74	1,159	735.36
Short-Term Investments	-	50	374.21	780	510	260
Trading Asset Securities	28.83	5.15	475	-	10	612.79
Cash & Short-Term Investments	289.66	721.28	1,277	1,483	1,679	1,608
Cash Growth	-66.68%	-43.54%	-13.84%	-11.69%	4.41%	972.66%
Accounts Receivable	355.92	465.17	706.49	686.72	585.61	626.33
Other Receivables	30.92	143.98	122.71	95.83	45.85	55.39
Receivables	386.84	609.15	829.2	782.55	631.46	681.71
Inventory	160	203.9	237.01	312.39	217.17	290.69
Other Current Assets	204.93	17.47	42.61	14.7	12.19	48.5
Total Current Assets	1,041	1,552	2,386	2,592	2,540	2,629
Property, Plant & Equipment	2,325	2,389	2,229	1,858	1,699	1,401
Long-Term Investments	-	7.65	7.75	-	-	-
Goodwill	71.76	72.24	74.16	70.73	72.65	74.57
Other Intangible Assets	54.56	36.82	37.71	101.7	104.45	36.8
Long-Term Deferred Tax Assets	132.49	125.1	188.1	106.72	101.38	40.24
Long-Term Deferred Charges	16.97	18.81	79.18	103.83	34.38	48.81
Other Long-Term Assets	91.72	82.55	201.3	129.2	166.71	275.82
Total Assets	3,734	4,284	5,204	4,962	4,719	4,506
Accounts Payable	360.77	434.91	529.35	411.73	311.63	581.26
Accrued Expenses	31	35.69	48.33	46.54	40.98	48.74
Short-Term Debt	893.87	1,102	1,342	1,101	929.24	225.52
Current Portion of Long-Term Debt	29.65	63.15	104.57	90.35	77.5	62.5
Current Portion of Leases	-	24.3	36.88	19.21	19.18	30.72
Current Income Taxes Payable	3.04	-	0.15	0.14	0.42	0.39
Current Unearned Revenue	0.25	3.27	5.21	2.79	23.85	4.38
Other Current Liabilities	110.92	192.16	171.27	153.73	133.6	118.35
Total Current Liabilities	1,429	1,856	2,238	1,825	1,536	1,072
Long-Term Debt	114.5	199.27	262.04	163.4	353.5	155
Long-Term Leases	27.86	28.25	65.05	26.17	42.79	82.63
Long-Term Unearned Revenue	30.2	20.82	46.62	27.12	29.68	32.21
Long-Term Deferred Tax Liabilities	71.48	74.56	82.56	76.65	80.7	74.57
Other Long-Term Liabilities	-	-	28.13	-	-	-
Total Liabilities	1,674	2,178	2,723	2,118	2,043	1,416
Common Stock	203.04	203.04	168.95	120	80	80
Additional Paid-In Capital	1,881	1,868	1,923	1,930	1,945	1,945
Retained Earnings	-132.3	-77.65	231.88	609.26	568.76	800.64
Comprehensive Income & Other	-0.95	-3	-5.57	-5.73	-4.26	1.06
Total Common Equity	1,951	1,990	2,318	2,654	2,590	2,827
Minority Interest	109.98	114.94	162.91	190.18	85.77	263.13
Shareholders' Equity	2,061	2,105	2,481	2,844	2,675	3,090
Total Liabilities & Equity	3,734	4,284	5,204	4,962	4,719	4,506
Total Debt	1,066	1,417	1,811	1,400	1,422	556.37
Net Cash (Debt)	-776.22	-695.72	-533.55	83.09	256.85	1,052
Net Cash Growth	-	-	-	-67.65%	-75.58%	-
Net Cash Per Share	-2.72	-2.44	-1.89	0.29	0.91	4.48
Filing Date Shares Outstanding	284.26	284.26	283.84	282.24	282.24	282.24
Total Common Shares Outstanding	284.26	284.26	283.84	282.24	282.24	282.24
Working Capital	-388.07	-303.7	148.06	767.37	1,003	1,557
Book Value Per Share	6.86	7.00	8.17	9.40	9.18	10.02
Tangible Book Value	1,824	1,881	2,206	2,481	2,413	2,716
Tangible Book Value Per Share	6.42	6.62	7.77	8.79	8.55	9.62
Buildings	-	1,252	1,082	1,067	1,026	877.23
Machinery	-	1,757	1,398	1,116	864.78	597.15
Construction In Progress	-	6.51	252.08	43.53	4.61	9.56