SHE:301182 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	120.57	153.18	71.5	140.14	191.82	685.72
Short-Term Investments	-	-	89.11	66.11	196.1	-
Cash & Short-Term Investments	120.57	153.18	160.6	206.25	387.92	685.72
Cash Growth	5.99%	-4.62%	-22.13%	-46.83%	-43.43%	1528.54%
Accounts Receivable	508.12	492.9	408.92	274.25	247.67	197.08
Other Receivables	9.11	5.31	3.41	0.36	0.25	0.11
Receivables	517.23	498.21	412.33	274.61	247.92	197.19
Inventory	343.73	357.35	511.35	222.04	130.81	136.28
Other Current Assets	69.8	70.7	47.31	26.91	9.23	12.47
Total Current Assets	1,051	1,079	1,132	729.81	775.88	1,032
Property, Plant & Equipment	487.79	485.86	489.17	432.55	277.41	214.71
Goodwill	-	-	-	8.25	-	-
Other Intangible Assets	14.22	14.89	16.06	18.83	8.97	9.25
Long-Term Deferred Tax Assets	115.55	110.38	85.29	54.7	22.02	3.71
Long-Term Deferred Charges	46.83	50.48	54.7	59.17	50.37	28.67
Other Long-Term Assets	53.61	12.34	30.3	34.14	24.15	23.53
Total Assets	1,769	1,753	1,807	1,337	1,159	1,312
Accounts Payable	690.08	642.59	701.14	295.49	116.82	184.92
Accrued Expenses	26.03	26.07	17.2	22.66	15.05	10.45
Short-Term Debt	205.46	227.64	139.16	-	-	72
Current Portion of Long-Term Debt	-	19.26	-	-	-	30.7
Current Portion of Leases	-	-	15.7	9.79	-	-
Current Income Taxes Payable	-	3.06	2.62	0.14	0.14	1.47
Current Unearned Revenue	0.61	1.02	0.49	0.62	0.01	0.02
Other Current Liabilities	55.46	23.13	21.09	17.02	14.75	12.3
Total Current Liabilities	977.64	942.77	897.41	345.72	146.76	311.85
Long-Term Debt	-	-	-	-	-	2.21
Long-Term Leases	57.41	44.38	39.92	24.2	11.21	10.68
Long-Term Unearned Revenue	14.48	14.88	5.26	5.41	5.55	5.7
Long-Term Deferred Tax Liabilities	33.89	32.59	38.72	37.17	19.79	9.59
Total Liabilities	1,083	1,035	981.31	412.5	183.31	340.04
Common Stock	95.82	95.82	95.82	95.82	95.82	95.82
Additional Paid-In Capital	728.09	728.09	728.09	729.52	729.52	729.52
Retained Earnings	-161.49	-125.93	-9.72	83.73	150.14	146.16
Comprehensive Income & Other	0.44	-1.25	-1.15	-0.24	-	-
Total Common Equity	662.86	696.73	813.04	908.84	975.48	971.51
Minority Interest	23.04	22.05	12.76	16.11	-	-
Shareholders' Equity	685.9	718.77	825.81	924.95	975.48	971.51
Total Liabilities & Equity	1,769	1,753	1,807	1,337	1,159	1,312
Total Debt	262.87	291.28	194.79	33.99	11.21	115.59
Net Cash (Debt)	-142.31	-138.1	-34.19	172.25	376.71	570.13
Net Cash Growth	-	-	-	-54.27%	-33.93%	-
Net Cash Per Share	-1.48	-1.44	-0.36	1.79	3.97	7.93
Filing Date Shares Outstanding	95.83	96.73	95.82	95.82	95.82	95.82
Total Common Shares Outstanding	95.83	96.73	95.82	95.82	95.82	95.82
Working Capital	73.68	136.67	234.18	384.09	629.12	719.81
Book Value Per Share	6.92	7.20	8.48	9.48	10.18	10.14
Tangible Book Value	648.63	681.84	796.98	881.76	966.51	962.25
Tangible Book Value Per Share	6.77	7.05	8.32	9.20	10.09	10.04
Buildings	-	-	170.63	169.58	164.46	154.28
Machinery	-	-	500.95	380.7	251.05	173.52
Construction In Progress	-	-	12.15	44.89	0.8	-

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