SHE:301096 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	Dec '21 Dec 31, 2021
Cash & Equivalents	396.51	292.6	428.97	881.93	1,239	2,013
Trading Asset Securities	60	80	83	-	-	-
Cash & Short-Term Investments	456.51	372.6	511.97	881.93	1,239	2,013
Cash Growth	-10.99%	-27.22%	-41.95%	-28.81%	-38.46%	1406.49%
Accounts Receivable	954.7	902	744.4	532.18	254.49	124.41
Other Receivables	3.87	9.76	3.16	4.1	4.79	4.1
Receivables	958.57	911.77	747.56	536.28	259.28	128.5
Inventory	180.11	176.44	177.34	93.17	66.05	22.85
Prepaid Expenses	-	-	-	-	1.83	-
Other Current Assets	103.22	91.28	108.61	96.4	43.94	61.2
Total Current Assets	1,698	1,552	1,545	1,608	1,610	2,226
Property, Plant & Equipment	1,742	1,777	1,832	1,741	1,075	566.63
Long-Term Investments	16.4	202.5	187.78	136.87	81.12	5.77
Other Intangible Assets	89.13	89.8	93.43	92.07	82.37	60.79
Long-Term Accounts Receivable	-	-	-	-	1.91	1.95
Long-Term Deferred Tax Assets	37.43	36.87	35.55	48.43	53.41	22.86
Long-Term Deferred Charges	0.93	1.08	1.42	0.25	3.99	14.41
Other Long-Term Assets	218.01	27.05	25.8	43.14	21.6	26.92
Total Assets	3,802	3,686	3,721	3,669	2,930	2,925
Accounts Payable	105.32	48.78	41.82	130.25	167.03	12.64
Accrued Expenses	16.16	30.98	39.9	73.4	44.69	54.8
Short-Term Debt	518.13	510.61	360.08	369.32	-	5.01
Current Portion of Long-Term Debt	179.56	169.74	104.25	-	-	220.32
Current Portion of Leases	-	0.62	0.73	0.38	8.84	8.8
Current Income Taxes Payable	2.66	-	0.03	5.06	5.73	6.17
Current Unearned Revenue	81.94	76.06	112.42	74.01	62.61	71.17
Other Current Liabilities	2.69	83.12	110.14	193.77	1.8	93.79
Total Current Liabilities	906.46	919.91	769.38	846.19	290.7	472.69
Long-Term Debt	310.01	189.51	244	-	-	40.44
Long-Term Leases	2.5	2.34	2.92	0.93	-	8.14
Long-Term Unearned Revenue	21.78	23.72	31.48	40.67	1.45	-
Long-Term Deferred Tax Liabilities	-	-	-	-	4.32	0.01
Other Long-Term Liabilities	59.86	61.84	94.02	97.17	150.97	85.83
Total Liabilities	1,301	1,197	1,142	984.97	447.45	607.1
Common Stock	109.23	109.23	109.23	108.92	108.17	108.17
Additional Paid-In Capital	2,107	2,107	2,107	2,127	2,061	2,026
Retained Earnings	335.91	323.09	413.49	498.68	313.24	183.98
Treasury Stock	-50	-50	-50	-50	-	-
Comprehensive Income & Other	-0.17	-0.18	-0.14	-0.14	-	-
Total Common Equity	2,502	2,489	2,579	2,684	2,483	2,318
Minority Interest	-	-	-	-	-0.26	-0.14
Shareholders' Equity	2,502	2,489	2,579	2,684	2,482	2,318
Total Liabilities & Equity	3,802	3,686	3,721	3,669	2,930	2,925
Total Debt	1,010	872.82	711.99	370.64	8.84	282.7
Net Cash (Debt)	-553.69	-500.22	-200.02	511.29	1,230	1,730
Net Cash Growth	-	-	-	-58.43%	-28.92%	-
Net Cash Per Share	-5.09	-4.59	-1.86	4.72	11.34	21.34
Filing Date Shares Outstanding	108.45	108.45	108.45	108.14	108.17	108.17
Total Common Shares Outstanding	108.45	108.45	108.45	108.14	108.17	108.17
Working Capital	791.96	632.17	776.1	761.59	1,319	1,753
Book Value Per Share	23.07	22.95	23.78	24.82	22.95	21.43
Tangible Book Value	2,413	2,399	2,486	2,592	2,400	2,257
Tangible Book Value Per Share	22.25	22.12	22.92	23.97	22.19	20.87
Buildings	-	980.29	863.44	859.97	196.19	196.14
Machinery	-	1,194	1,079	629.96	42.96	319.94
Construction In Progress	-	66.67	206.66	448.82	546.21	104.08