SHE:001278 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	605.95	660.64	583.77	880.7	429.12	351.63
Trading Asset Securities	90.03	45	50.07	30.09	-	-
Cash & Short-Term Investments	695.98	705.65	633.83	910.79	429.12	351.63
Cash Growth	6.53%	11.33%	-30.41%	112.24%	22.04%	-4.83%
Accounts Receivable	769.63	852.84	780.84	563.68	490.01	386.7
Other Receivables	15.29	20.77	17.95	2.96	5.86	2.8
Receivables	784.92	873.61	798.79	566.64	495.87	389.5
Inventory	661.95	628.75	678.54	549.83	516.27	451.07
Prepaid Expenses	-	1.74	1.81	3.44	1.55	1.57
Other Current Assets	101.57	67.64	87.97	51.36	46.22	40.69
Total Current Assets	2,244	2,277	2,201	2,082	1,489	1,234
Property, Plant & Equipment	1,070	991.74	862.05	723.73	515.45	417.77
Long-Term Investments	215	135	-	-	-	-
Other Intangible Assets	198.76	200.3	207.51	104.02	106.6	98.08
Long-Term Deferred Tax Assets	91.89	77.94	63.88	55.31	25.65	17.69
Long-Term Deferred Charges	108.31	102.99	93.39	134.98	117.09	102.24
Other Long-Term Assets	29.41	17.75	11.29	59.05	27.35	12.3
Total Assets	3,958	3,803	3,439	3,159	2,281	1,883
Accounts Payable	1,360	1,305	1,229	1,192	1,023	889.56
Accrued Expenses	41.94	80.96	59.52	67.42	47.91	37.94
Short-Term Debt	488.54	344.65	165.94	281.84	328.4	213.42
Current Portion of Long-Term Debt	358.6	388.65	200.27	19.49	-	12.5
Current Portion of Leases	-	16.37	11.06	12.08	24.76	32.93
Current Income Taxes Payable	10.38	5.04	7.53	8.98	15.95	7.45
Current Unearned Revenue	4.6	1.51	1.61	17	21.41	3.48
Other Current Liabilities	15.17	17.01	45.78	28.91	20.74	13.81
Total Current Liabilities	2,279	2,160	1,720	1,628	1,482	1,211
Long-Term Debt	431.47	373.98	360.84	172.53	25	27.5
Long-Term Leases	40.49	23.12	24.28	33.56	17.06	24.83
Long-Term Unearned Revenue	16.97	17.01	13.78	14.54	12.15	7.86
Long-Term Deferred Tax Liabilities	17.69	10.7	9.55	12.26	6.86	2.24
Other Long-Term Liabilities	6.28	6.68	1.15	1.65	0.23	-
Total Liabilities	2,792	2,591	2,130	1,862	1,543	1,274
Common Stock	123.73	123.73	123.73	123.73	92.8	92.8
Additional Paid-In Capital	725.79	725.79	725.79	725.79	290.65	275.8
Retained Earnings	331.66	374.29	460.73	442.55	351.1	240.49
Comprehensive Income & Other	-	-	-0.26	-0.16	-0.13	-0.08
Total Common Equity	1,181	1,224	1,310	1,292	734.43	609.01
Minority Interest	-15.25	-11.87	-0.82	4.88	3.72	-
Shareholders' Equity	1,166	1,212	1,309	1,297	738.15	609.01
Total Liabilities & Equity	3,958	3,803	3,439	3,159	2,281	1,883
Total Debt	1,319	1,147	762.39	519.51	395.22	311.19
Net Cash (Debt)	-623.12	-441.12	-128.56	391.29	33.9	40.44
Net Cash Growth	-	-	-	1054.15%	-16.18%	-70.91%
Net Cash Per Share	-5.03	-3.56	-1.04	3.53	0.36	0.44
Filing Date Shares Outstanding	123.72	123.73	123.73	123.73	92.8	92.8
Total Common Shares Outstanding	123.72	123.73	123.73	123.73	92.8	92.8
Working Capital	-34.97	117.71	480.66	454.25	7.31	23.36
Book Value Per Share	9.55	9.89	10.59	10.44	7.91	6.56
Tangible Book Value	982.41	1,024	1,102	1,188	627.83	510.93
Tangible Book Value Per Share	7.94	8.27	8.91	9.60	6.77	5.51
Buildings	-	440.95	429.85	289.07	217.47	212.48
Machinery	-	754.3	689.13	565.43	472.93	401.95
Construction In Progress	-	237.87	119.3	173.22	108.35	47.84

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