SHE:301075 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	65.44	85.28	262.13	405.27	425.76	610.93
Trading Asset Securities	-	20.04	141.68	77.57	80	-
Cash & Short-Term Investments	65.44	105.32	403.81	482.84	505.76	610.93
Cash Growth	-83.79%	-73.92%	-16.37%	-4.53%	-17.21%	484.67%
Accounts Receivable	108.4	87.89	107.94	85.51	92.3	100.33
Other Receivables	20.65	17.09	19.55	11.2	7.88	2.28
Receivables	129.05	104.98	127.49	96.7	100.18	102.6
Inventory	99.98	83.54	45.85	33.13	32.77	9.82
Prepaid Expenses	-	-	0	0.05	0.06	0.06
Other Current Assets	35.07	35.23	53.61	36.23	8.66	5.64
Total Current Assets	329.54	329.06	630.75	648.95	647.43	729.05
Property, Plant & Equipment	721.58	694.53	652.8	209.8	110.68	103.41
Long-Term Investments	110.62	110.99	108.18	155.36	112.62	-
Goodwill	18.7	18.7	19.22	3.69	-	-
Other Intangible Assets	74.51	76.64	78.48	34.19	21.24	16.85
Long-Term Deferred Tax Assets	3.44	3.49	3.09	1.25	0.78	0.65
Long-Term Deferred Charges	1.92	2.01	2.84	2.7	0.33	1.46
Other Long-Term Assets	67.34	47.8	39.64	16.33	5.8	-
Total Assets	1,328	1,283	1,535	1,072	898.87	851.42
Accounts Payable	97.46	77.29	58.14	26.77	12.13	23.01
Accrued Expenses	3.99	7.25	9	8.58	13.09	10.46
Short-Term Debt	57.77	67.76	275.54	50.13	100.06	20
Current Portion of Long-Term Debt	109.36	110.36	115.21	11.01	-	-
Current Portion of Leases	-	-	3.03	0.6	0.29	0.48
Current Income Taxes Payable	1.15	0.39	1.26	2.41	1.35	2.87
Current Unearned Revenue	7.82	7.55	2.78	5.08	4.16	3.72
Other Current Liabilities	173.57	171.55	44.41	24.6	13.49	2.25
Total Current Liabilities	451.12	442.14	509.37	129.18	144.57	62.79
Long-Term Debt	88.5	88.5	137.5	118.08	-	-
Long-Term Leases	3.73	3.73	7.21	0.31	0.88	-
Long-Term Unearned Revenue	103.07	105.02	106.9	2.12	-	-
Long-Term Deferred Tax Liabilities	20.23	20.29	20.54	0.9	-	-
Total Liabilities	666.65	659.67	781.52	250.59	145.45	62.79
Common Stock	80	80	80	80	80	80
Additional Paid-In Capital	547.3	506.89	506.94	509.22	509.5	520.5
Retained Earnings	-6.49	7.47	109.64	182.17	163.32	192.42
Treasury Stock	-4.91	-20.99	-20.99	-	-	-
Comprehensive Income & Other	1.14	1.14	1.14	0.68	-1.3	-
Total Common Equity	617.03	574.51	676.73	772.06	751.53	792.92
Minority Interest	43.98	49.03	76.74	49.61	1.89	-4.28
Shareholders' Equity	661.01	623.54	753.47	821.68	753.41	788.63
Total Liabilities & Equity	1,328	1,283	1,535	1,072	898.87	851.42
Total Debt	259.36	270.35	538.5	180.12	101.24	20.48
Net Cash (Debt)	-193.91	-165.03	-134.69	302.72	404.53	590.45
Net Cash Growth	-	-	-	-25.17%	-31.49%	750.31%
Net Cash Per Share	-2.45	-2.08	-1.70	3.85	5.13	9.05
Filing Date Shares Outstanding	77.6	79.14	78.96	80	80	80
Total Common Shares Outstanding	77.6	79.14	78.96	80	80	80
Working Capital	-121.58	-113.07	121.38	519.77	502.85	666.26
Book Value Per Share	7.95	7.26	8.57	9.65	9.39	9.91
Tangible Book Value	523.81	479.17	579.04	734.19	730.29	776.06
Tangible Book Value Per Share	6.75	6.05	7.33	9.18	9.13	9.70
Buildings	-	-	506.96	167.55	117.46	103.71
Machinery	-	-	251.45	126.2	63.47	60.37
Construction In Progress	-	-	5.67	9.08	3.94	0.36

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