SHE:000159 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	474.57	572.58	515.92	325.18	135.4	113.34
Cash & Short-Term Investments	474.57	572.58	515.92	325.18	135.4	113.34
Cash Growth	7.86%	10.98%	58.66%	140.16%	19.46%	98.40%
Accounts Receivable	698.45	772.13	575.51	515.48	269.01	315.94
Other Receivables	22.73	22.52	126.92	12.19	7.81	210.22
Receivables	721.19	794.66	702.42	527.67	276.82	526.16
Inventory	90.5	68.73	75.08	759.85	802.21	738.91
Other Current Assets	392.01	277.4	299.28	395.67	303.97	27.81
Total Current Assets	1,678	1,713	1,593	2,008	1,518	1,406
Property, Plant & Equipment	1,069	995.61	895.6	616.55	482.05	490.16
Long-Term Investments	74.64	74.64	73.56	73.56	73.56	734.47
Goodwill	755.03	755.03	755.03	809.59	809.59	809.59
Other Intangible Assets	49.16	49.81	52.24	52.31	52.25	54.04
Long-Term Deferred Tax Assets	39.6	38.83	36.03	31.24	25.63	39.78
Long-Term Deferred Charges	1.22	1.26	2.27	20.98	22.47	30.91
Other Long-Term Assets	17.95	18.23	19.35	100.42	104.59	123.86
Total Assets	3,685	3,647	3,427	3,713	3,089	3,689
Accounts Payable	270.6	340.99	441.98	250.54	95.21	99.24
Accrued Expenses	20	19.83	18.41	28.21	16.28	18.44
Short-Term Debt	929.97	918.5	612.88	329.41	163.8	515.59
Current Portion of Long-Term Debt	31.49	6.05	28.25	6.56	-	82.8
Current Portion of Leases	-	37.08	49.8	59.4	4.4	-
Current Income Taxes Payable	24.19	19.83	24.87	22.3	41.02	7.79
Current Unearned Revenue	40.94	15.67	53.68	58.57	21.45	23.07
Other Current Liabilities	211.92	148.8	71.84	356.8	34.5	543.1
Total Current Liabilities	1,529	1,507	1,302	1,112	376.66	1,290
Long-Term Debt	27.05	21	-	28.2	-	-
Long-Term Leases	55.68	55.41	92.73	123.06	88.83	43.81
Long-Term Unearned Revenue	-	-	-	0.13	0.25	0.38
Long-Term Deferred Tax Liabilities	8.63	8.67	10.13	8.92	10.44	90.98
Other Long-Term Liabilities	3.28	-	-	-	-	-
Total Liabilities	1,624	1,592	1,405	1,272	476.18	1,425
Common Stock	480.69	480.69	480.69	480.69	480.69	480.69
Additional Paid-In Capital	222.02	222.02	222.02	209.2	372.89	374.7
Retained Earnings	1,408	1,400	1,362	1,801	1,724	1,425
Comprehensive Income & Other	-48.89	-47.78	-42.63	-49.97	-50.81	-58.95
Total Common Equity	2,061	2,055	2,022	2,441	2,527	2,222
Minority Interest	-0.23	-0.29	-0.18	-0.07	85.81	42.18
Shareholders' Equity	2,061	2,055	2,022	2,441	2,612	2,264
Total Liabilities & Equity	3,685	3,647	3,427	3,713	3,089	3,689
Total Debt	1,044	1,038	783.66	546.62	257.03	642.2
Net Cash (Debt)	-569.62	-465.45	-267.75	-221.44	-121.63	-528.86
Net Cash Per Share	-1.19	-0.97	-0.56	-0.46	-0.25	-1.10
Filing Date Shares Outstanding	479.84	480.69	480.69	480.69	480.69	480.69
Total Common Shares Outstanding	479.84	480.69	480.69	480.69	480.69	480.69
Working Capital	149.16	206.63	290.99	896.58	1,142	116.19
Book Value Per Share	4.30	4.28	4.21	5.08	5.26	4.62
Tangible Book Value	1,257	1,250	1,215	1,579	1,665	1,358
Tangible Book Value Per Share	2.62	2.60	2.53	3.29	3.46	2.83
Buildings	-	305.66	307.23	312.97	281.5	277.85
Machinery	-	416.7	408.36	402.27	303.13	297.06
Construction In Progress	-	590.51	458.46	152.34	115.45	124.01

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