SHE:301152 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Cash & Equivalents	178.33	134.56	226.72	276.24	324.22	111.23
Short-Term Investments	-	-	-	120.41	311.19	-
Trading Asset Securities	-	-	-	-	255.7	-
Cash & Short-Term Investments	178.33	134.56	226.72	396.65	891.11	111.23
Cash Growth	-47.09%	-40.65%	-42.84%	-55.49%	701.17%	-44.10%
Accounts Receivable	756.68	735.72	768.81	957.34	1,011	728.2
Other Receivables	58.84	73.6	52.14	80.02	44.02	3.24
Receivables	815.52	809.32	820.95	1,037	1,055	731.45
Inventory	421.85	389.76	235.3	230.71	697.31	491.39
Other Current Assets	171.74	177.57	262.82	166.12	246.29	154.81
Total Current Assets	1,587	1,511	1,546	1,831	2,889	1,489
Property, Plant & Equipment	806.28	825.53	976.96	1,016	589.98	288.37
Long-Term Investments	28	28	28	93.5	6	-
Goodwill	-	-	0.11	0.12	-	-
Other Intangible Assets	54.22	55.08	59.12	96.68	82.56	51.89
Long-Term Deferred Tax Assets	88.24	88.72	99.83	63.08	19.13	16.18
Long-Term Deferred Charges	12.83	14.99	12.35	17.58	2.78	-
Other Long-Term Assets	11.68	13.1	83.83	56.07	118.18	13.82
Total Assets	2,589	2,537	2,806	3,174	3,708	1,859
Accounts Payable	606.36	575.7	374.16	532.54	427.84	662.41
Accrued Expenses	4.78	5.5	7.96	11.45	5.18	4.73
Short-Term Debt	501.22	390.17	529.73	210.11	334.79	219.53
Current Portion of Long-Term Debt	143.98	233.34	196.49	230.3	14.18	2.23
Current Portion of Leases	-	-	4.32	16.49	142.9	11.98
Current Income Taxes Payable	7.41	3.88	1.42	1.42	0.01	4.73
Current Unearned Revenue	2.19	2.98	2.56	31.58	0.31	59.57
Other Current Liabilities	56.52	48.26	54.29	16.31	2.09	8.96
Total Current Liabilities	1,322	1,260	1,171	1,050	927.3	974.15
Long-Term Debt	-	-	142.8	94	216	16.8
Long-Term Leases	3.34	3.58	0.72	1.07	12.96	0.94
Long-Term Unearned Revenue	28.71	28.2	17.3	39.43	38.73	40.22
Long-Term Deferred Tax Liabilities	10.6	9.97	9.93	11.93	13.33	7.74
Other Long-Term Liabilities	-	23.16	-	-	-	0.62
Total Liabilities	1,365	1,325	1,342	1,197	1,208	1,040
Common Stock	118.74	118.74	121.98	121.98	121.98	91.48
Additional Paid-In Capital	1,860	1,860	1,958	1,958	1,958	437.88
Retained Earnings	-772.98	-781.43	-542.79	-117.87	420	289.3
Treasury Stock	-	-	-100.06	-	-	-
Comprehensive Income & Other	5.29	1.7	-	-18.28	-	-
Total Common Equity	1,211	1,199	1,437	1,944	2,500	818.66
Minority Interest	12.45	12.8	27.46	33.83	-	-
Shareholders' Equity	1,224	1,212	1,464	1,977	2,500	818.66
Total Liabilities & Equity	2,589	2,537	2,806	3,174	3,708	1,859
Total Debt	648.54	627.09	874.06	551.98	720.82	251.49
Net Cash (Debt)	-470.21	-492.53	-647.34	-155.32	170.29	-140.26
Net Cash Per Share	-3.96	-4.16	-5.36	-1.27	1.68	-1.54
Filing Date Shares Outstanding	120.74	119.81	118.74	121.98	121.98	91.48
Total Common Shares Outstanding	120.74	119.81	118.74	121.98	121.98	91.48
Working Capital	264.99	251.38	374.86	780.64	1,962	514.73
Book Value Per Share	10.03	10.01	12.10	15.93	20.49	8.95
Tangible Book Value	1,157	1,144	1,378	1,847	2,417	766.77
Tangible Book Value Per Share	9.58	9.55	11.60	15.14	19.82	8.38
Buildings	-	-	443.19	387.62	68.15	65.4
Machinery	-	-	707.84	697.98	305.67	256.76
Construction In Progress	-	-	55.79	67.07	301.64	21.79

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