SHE:301306 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	197.2	212.31	179.73	251.07	615.43	51.23
Trading Asset Securities	11.09	20.01	110.02	193.29	165.32	-
Cash & Short-Term Investments	208.29	232.32	289.76	444.35	780.75	51.23
Cash Growth	-10.47%	-19.82%	-34.79%	-43.09%	1423.89%	-7.05%
Accounts Receivable	465.62	463.94	489.78	436.4	352.84	272.49
Other Receivables	8.97	69.3	53.88	28.12	7.86	2.39
Receivables	474.6	533.24	543.66	464.51	360.7	274.88
Inventory	33.28	33.82	65.57	55.59	7	13.84
Other Current Assets	69.72	2.04	5.24	17.27	9.85	7.32
Total Current Assets	785.89	801.42	904.23	981.73	1,158	347.27
Property, Plant & Equipment	775.98	756.57	606.78	453.71	189.26	152.27
Long-Term Investments	81.56	56.26	25.21	22.19	10.9	8.79
Goodwill	-	-	-	-	-	2.9
Other Intangible Assets	16.84	16.67	16.2	15.24	13.96	13.96
Long-Term Deferred Tax Assets	7.24	8.19	8.36	8.07	5.06	7.84
Long-Term Deferred Charges	27.09	29.49	32.64	26.55	6.83	5.64
Other Long-Term Assets	5.46	12.41	10.91	21.98	27.63	-
Total Assets	1,700	1,681	1,604	1,529	1,412	538.67
Accounts Payable	140.49	138.4	161.61	97.02	60.63	53.39
Accrued Expenses	16.08	26.49	22.03	22.58	17.87	16.73
Short-Term Debt	34.17	68.85	74.3	89.65	20.02	40.32
Current Portion of Long-Term Debt	160.66	114.8	16.06	3.37	3.06	21.03
Current Portion of Leases	-	28.31	25.49	19.38	8.87	8.64
Current Income Taxes Payable	2.65	2.36	3.2	1.56	9.57	4.35
Current Unearned Revenue	15.16	7.94	6.08	8.23	6.9	7.08
Other Current Liabilities	11.17	16.17	13.89	23.59	9.37	1.07
Total Current Liabilities	380.39	403.32	322.65	265.36	136.29	152.6
Long-Term Debt	391.37	305.41	172.82	-	-	-
Long-Term Leases	37.25	44.72	59.42	64.06	18.86	13.84
Long-Term Unearned Revenue	23.61	20.62	8.77	7.16	8.58	8.4
Long-Term Deferred Tax Liabilities	-	-	-	0.15	0.79	4.43
Total Liabilities	832.63	774.07	563.65	336.74	164.51	179.28
Common Stock	84.4	84.4	84.4	84.4	84.4	63.3
Additional Paid-In Capital	964.33	964.33	971.15	968.75	962.18	175.69
Retained Earnings	-207.81	-168.91	-38.66	119.61	183.96	119.3
Comprehensive Income & Other	-0.13	0.01	0.24	0.21	0.13	-0.02
Total Common Equity	840.79	879.83	1,017	1,173	1,231	358.27
Minority Interest	26.64	27.13	23.55	19.76	16.76	1.12
Shareholders' Equity	867.43	906.96	1,041	1,193	1,247	359.39
Total Liabilities & Equity	1,700	1,681	1,604	1,529	1,412	538.67
Total Debt	623.46	562.09	348.09	176.45	50.82	83.83
Net Cash (Debt)	-415.16	-329.77	-58.33	267.9	729.93	-32.59
Net Cash Growth	-	-	-	-63.30%	-	-
Net Cash Per Share	-4.89	-3.90	-0.69	3.16	10.16	-0.52
Filing Date Shares Outstanding	84.4	84.4	84.4	84.4	84.4	63.3
Total Common Shares Outstanding	84.4	84.4	84.4	84.4	84.4	63.3
Working Capital	405.51	398.1	581.58	716.37	1,022	194.66
Book Value Per Share	9.96	10.42	12.05	13.90	14.58	5.66
Tangible Book Value	823.95	863.16	1,001	1,158	1,217	341.4
Tangible Book Value Per Share	9.76	10.23	11.86	13.72	14.42	5.39
Buildings	-	190.24	-	-	-	-
Machinery	-	595.94	522.64	374.9	211.08	185.6
Construction In Progress	-	95.55	146.76	98.68	31.26	1.93