SHE:000045 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	Dec '21 Dec 31, 2021
Cash & Equivalents	568.91	449.96	340.96	472.27	991.79	302.47
Trading Asset Securities	761.28	736.34	731.42	821.95	319.61	617.19
Cash & Short-Term Investments	1,330	1,186	1,072	1,294	1,311	919.66
Cash Growth	2.65%	10.62%	-17.14%	-1.31%	42.59%	-4.57%
Accounts Receivable	882.83	870.37	917.84	893.94	765.62	651.42
Other Receivables	3.67	33.33	22.91	36.55	54.03	168.77
Receivables	886.5	903.71	940.75	930.49	819.65	820.19
Inventory	841.58	884.64	789.76	736.39	558.45	743.4
Other Current Assets	52.99	85.78	10.32	46.95	44.48	16.32
Total Current Assets	3,111	3,060	2,813	3,008	2,734	2,500
Property, Plant & Equipment	1,795	1,854	1,895	2,109	2,294	2,477
Long-Term Investments	265.17	266.85	280.23	273.67	302.16	349.09
Other Intangible Assets	79.65	31.22	35.21	39.56	44.19	48.64
Long-Term Deferred Tax Assets	55.56	55.78	58.92	60.61	69.82	3.71
Long-Term Deferred Charges	7.48	7.03	6.08	3.5	4.47	5.39
Other Long-Term Assets	176.85	142.82	143.79	155.12	168.87	179.78
Total Assets	5,491	5,418	5,232	5,650	5,617	5,564
Accounts Payable	414.91	344.66	335.91	439.6	327.05	376.27
Accrued Expenses	42.76	54.02	58.07	57.62	63.56	66.25
Short-Term Debt	-	-	-	8	7	37.58
Current Portion of Long-Term Debt	62.19	48.03	47.01	102.61	97.18	-
Current Portion of Leases	-	7.27	6.88	5.49	7	5.18
Current Income Taxes Payable	8.93	3.76	4.72	2.08	4.66	1.8
Current Unearned Revenue	1.6	3.13	0.49	1.44	4.27	0.07
Other Current Liabilities	233.66	264.39	226.9	267.14	293.53	262.25
Total Current Liabilities	764.05	725.26	679.98	883.98	804.26	749.39
Long-Term Debt	269.28	261.72	162.39	505.58	607.42	683.02
Long-Term Leases	11.2	10.42	9.5	6.69	8.63	4.24
Long-Term Unearned Revenue	78.04	83.47	96.35	97.49	117.81	110.46
Long-Term Deferred Tax Liabilities	46.94	47.06	48.61	44.18	47.97	61.64
Total Liabilities	1,170	1,128	996.83	1,538	1,586	1,609
Common Stock	506.52	506.52	506.52	506.52	506.52	506.52
Additional Paid-In Capital	1,962	1,826	1,826	1,826	1,826	1,826
Retained Earnings	431.53	409.33	376.87	320.42	271.55	223.56
Comprehensive Income & Other	102.27	237.39	242	228.72	244.71	254.8
Total Common Equity	3,002	2,980	2,952	2,882	2,849	2,811
Minority Interest	1,320	1,311	1,283	1,230	1,182	1,143
Shareholders' Equity	4,321	4,290	4,235	4,112	4,031	3,955
Total Liabilities & Equity	5,491	5,418	5,232	5,650	5,617	5,564
Total Debt	342.67	327.43	225.78	628.37	727.23	730.01
Net Cash (Debt)	987.52	858.87	846.6	665.85	584.16	189.65
Net Cash Growth	-7.57%	1.45%	27.15%	13.98%	208.02%	-69.44%
Net Cash Per Share	2.02	1.76	1.71	1.34	1.12	0.37
Filing Date Shares Outstanding	507.04	506.52	506.52	506.52	506.52	506.52
Total Common Shares Outstanding	507.04	506.52	506.52	506.52	506.52	506.52
Working Capital	2,347	2,335	2,133	2,124	1,930	1,750
Book Value Per Share	5.92	5.88	5.83	5.69	5.63	5.55
Tangible Book Value	2,922	2,948	2,917	2,843	2,805	2,763
Tangible Book Value Per Share	5.76	5.82	5.76	5.61	5.54	5.45
Buildings	-	726.29	727.39	717.86	742.71	771
Machinery	-	2,749	2,783	2,758	2,697	2,601
Construction In Progress	-	179.95	5.81	31.31	38.06	71.48

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