SHE:301285 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	260.68	181.83	158.1	430.52	218.01	39.15
Trading Asset Securities	154.26	193.31	365.73	203.1	379.72	-
Cash & Short-Term Investments	414.94	375.14	523.83	633.62	597.73	39.15
Cash Growth	-10.81%	-28.38%	-17.33%	6.00%	1426.78%	-21.83%
Accounts Receivable	281.21	300.98	362.73	334.81	244.89	260.55
Other Receivables	37.13	4.34	1.67	0.52	1.38	1.51
Receivables	318.34	305.32	364.4	335.33	246.27	262.06
Inventory	174.59	199.98	164.95	143.02	182.48	172.37
Prepaid Expenses	-	-	-	-	0.19	-
Other Current Assets	21.84	23.17	30.2	8.8	4.78	6.26
Total Current Assets	929.7	903.61	1,083	1,121	1,031	479.84
Property, Plant & Equipment	833.08	839	781.49	614.15	436.63	428.66
Long-Term Investments	20	70.87	22.77	14.32	-	-
Other Intangible Assets	45.99	46.87	52.4	45.45	47.72	24.18
Long-Term Deferred Tax Assets	41.44	33.65	19.89	9.88	7.91	8.9
Long-Term Deferred Charges	14.25	11.32	10.46	7.64	8.3	9.21
Other Long-Term Assets	111.64	66.15	39.38	55.9	2.39	0.56
Total Assets	1,996	1,971	2,010	1,868	1,534	951.35
Accounts Payable	327.41	362.54	366.79	323.99	183.7	255.7
Accrued Expenses	23.53	18.41	20.46	17.5	16.87	19.11
Short-Term Debt	529.45	492.26	458.37	358.87	203.62	236.84
Current Portion of Long-Term Debt	-	72.85	20.07	40.07	-	10.02
Current Portion of Leases	-	-	4.99	2.23	2.33	-
Current Income Taxes Payable	-	4.56	0.72	0.16	1.36	2.3
Current Unearned Revenue	14.07	4.81	0.24	0.01	0.25	0.2
Other Current Liabilities	61.65	5	13.27	1.21	0.77	0.5
Total Current Liabilities	956.11	960.43	884.9	744.05	408.9	524.66
Long-Term Debt	59.99	26	68.24	39.8	-	33.05
Long-Term Leases	9.61	7.75	19.03	-	2.23	-
Long-Term Unearned Revenue	23.91	13.97	11.8	13.7	15.66	16.83
Long-Term Deferred Tax Liabilities	0.26	0.28	0.34	1.93	2.15	2.37
Other Long-Term Liabilities	0.84	0.84	-	-	-	-
Total Liabilities	1,051	1,009	984.32	799.48	428.94	576.91
Common Stock	206.67	206.67	206.67	206.67	206.67	155
Additional Paid-In Capital	670.07	669.16	666.4	666.4	670.21	46.05
Retained Earnings	72.92	90.22	167.77	194.38	168.55	119.36
Treasury Stock	-5.87	-5.87	-36	-	-	-
Comprehensive Income & Other	0.07	1.65	20.56	1.18	0.61	-0.41
Total Common Equity	943.85	961.84	1,025	1,069	1,046	320
Minority Interest	1.52	0.36	0.06	-	59.41	54.44
Shareholders' Equity	945.37	962.2	1,025	1,069	1,105	374.44
Total Liabilities & Equity	1,996	1,971	2,010	1,868	1,534	951.35
Total Debt	599.05	598.86	570.71	440.98	208.19	279.9
Net Cash (Debt)	-184.11	-223.72	-46.87	192.64	389.54	-240.75
Net Cash Growth	-	-	-	-50.55%	-	-
Net Cash Per Share	-0.89	-1.10	-0.25	0.93	2.30	-1.54
Filing Date Shares Outstanding	216.33	191.53	204.73	204.75	206.67	155
Total Common Shares Outstanding	216.33	191.53	204.73	206.67	206.67	155
Working Capital	-26.4	-56.82	198.48	376.73	622.55	-44.82
Book Value Per Share	4.36	5.02	5.01	5.17	5.06	2.06
Tangible Book Value	897.86	914.97	973	1,023	998.32	295.82
Tangible Book Value Per Share	4.15	4.78	4.75	4.95	4.83	1.91
Buildings	-	-	418.68	416.33	244.88	244.88
Machinery	-	-	653.14	493.16	418.07	364.46
Construction In Progress	-	-	75.41	29.21	35.13	27.26

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