SHE:301355 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	224.34	265.08	299.65	399.61	87.78	129.33
Short-Term Investments	-	-	121.8	112.55	-	-
Trading Asset Securities	17	9	-	-	-	-
Cash & Short-Term Investments	241.34	274.08	421.44	512.16	87.78	129.33
Cash Growth	-22.09%	-34.97%	-17.71%	483.45%	-32.13%	-13.20%
Accounts Receivable	237.16	271.04	246.49	170.91	166.8	139.07
Other Receivables	27.65	25.23	9.39	4.89	4.77	4.28
Receivables	264.81	296.28	255.88	175.8	171.57	143.35
Inventory	290.63	307.3	300.13	229.93	207.2	193.65
Prepaid Expenses	-	-	0.01	-	-	-
Other Current Assets	467.25	472.35	34	11.26	19.19	18.34
Total Current Assets	1,264	1,350	1,011	929.15	485.74	484.67
Property, Plant & Equipment	1,125	1,146	959.87	575.65	484.21	457.2
Long-Term Investments	19.31	9.82	397.5	536.51	-	-
Goodwill	11.87	11.87	27.2	27.2	27.2	27.2
Other Intangible Assets	52.4	52.38	66.73	71.07	46.39	47.16
Long-Term Deferred Tax Assets	49.74	49.65	40.08	19.78	25.13	17.06
Long-Term Deferred Charges	43.91	45.77	31.73	9.91	11.1	12.09
Other Long-Term Assets	74.85	50.52	49.02	17.57	26.78	17.3
Total Assets	2,641	2,717	2,584	2,187	1,107	1,063
Accounts Payable	276.31	338.49	227.04	182.94	163.84	210.56
Accrued Expenses	25.06	33.3	55.3	40.88	35.72	44.49
Short-Term Debt	494.69	485.53	420.56	303.72	68.04	28.86
Current Portion of Long-Term Debt	29.85	34.61	-	-	-	-
Current Portion of Leases	-	-	28.76	11.9	11.41	16.62
Current Income Taxes Payable	14.35	13.97	5.7	5.1	-	2.72
Current Unearned Revenue	6.92	9.64	9.89	9.3	9.46	10.82
Other Current Liabilities	94.61	104.47	102.69	29.56	3.47	7.7
Total Current Liabilities	941.78	1,020	849.94	583.4	291.94	321.78
Long-Term Leases	80.48	81.88	88.28	26.9	33.95	48.17
Long-Term Unearned Revenue	27.9	23.69	10.68	12.37	9.31	7.26
Long-Term Deferred Tax Liabilities	43.4	45.96	55.16	42.02	46.14	36.55
Total Liabilities	1,094	1,172	1,004	664.69	381.35	413.76
Common Stock	195.1	195.1	195.1	195.1	146.32	146.32
Additional Paid-In Capital	960.09	959.29	958.22	958.22	233.19	233.19
Retained Earnings	343.55	341.64	387.41	369.63	346.43	270.31
Treasury Stock	-20.03	-20.03	-15	-	-	-
Comprehensive Income & Other	-3.04	-1.65	-1.9	-2.06	-0.73	-0.88
Total Common Equity	1,476	1,474	1,524	1,521	725.21	648.94
Minority Interest	71.81	70.61	55.72	1.25	-	-
Shareholders' Equity	1,547	1,545	1,580	1,522	725.21	648.94
Total Liabilities & Equity	2,641	2,717	2,584	2,187	1,107	1,063
Total Debt	605.02	602.02	537.61	342.51	113.4	93.65
Net Cash (Debt)	-363.68	-327.94	-116.16	169.65	-25.62	35.68
Net Cash Growth	-	-	-	-	-	-68.77%
Net Cash Per Share	-1.90	-1.74	-0.59	0.99	-0.18	0.24
Filing Date Shares Outstanding	190.65	165.78	193.74	195.1	146.32	146.32
Total Common Shares Outstanding	190.65	165.78	193.74	195.1	146.32	146.32
Working Capital	322.24	330	161.52	345.74	193.8	162.89
Book Value Per Share	7.74	8.89	7.87	7.80	4.96	4.44
Tangible Book Value	1,411	1,410	1,430	1,423	651.62	574.57
Tangible Book Value Per Share	7.40	8.51	7.38	7.29	4.45	3.93
Buildings	-	-	231.6	123.53	65.02	44.19
Machinery	-	-	696.47	498.78	459.11	444.09
Construction In Progress	-	-	218.66	176.04	136.56	82.33

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