SHE:002012 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	424.66	513.31	667.62	873.71	537.7	545.92
Short-Term Investments	-	-	-	-	10	-
Trading Asset Securities	301.46	220.59	160	40.86	169.63	165.25
Cash & Short-Term Investments	726.12	733.9	827.62	914.57	717.34	711.17
Cash Growth	-16.36%	-11.32%	-9.51%	27.50%	0.87%	22.86%
Accounts Receivable	143.33	140.71	147.52	166.6	461.65	646.52
Other Receivables	4.45	31.56	28.77	35.94	12.39	10.48
Receivables	147.78	172.27	176.28	202.54	474.04	657
Inventory	182.61	173.63	125.77	191.42	332.53	315.96
Other Current Assets	119.58	87.13	16.12	16.72	60.07	26.65
Total Current Assets	1,176	1,167	1,146	1,325	1,584	1,711
Property, Plant & Equipment	92.82	94.37	104.87	117.64	370.93	365.07
Long-Term Investments	619.18	617.69	533.14	505.36	284	258.75
Other Intangible Assets	5.11	5.15	7.41	7.67	40.17	36.58
Long-Term Deferred Tax Assets	4.16	4.1	3.66	3.03	9.96	8.04
Other Long-Term Assets	9.55	10.44	4.58	1.31	11.93	35.72
Total Assets	1,907	1,899	1,799	1,960	2,301	2,415
Accounts Payable	100.65	88.84	44.51	97.97	179.1	187.49
Accrued Expenses	8.71	16.12	13.43	11.15	86.11	96.8
Short-Term Debt	23.88	32.35	12.16	110.1	141.21	211.87
Current Portion of Long-Term Debt	5.32	4.48	4.48	12.99	45.06	-
Current Portion of Leases	-	1.22	1.5	1.13	2.4	7.19
Current Income Taxes Payable	7.45	5.6	3.12	4.81	0.92	8.98
Current Unearned Revenue	2.19	1.05	0.68	0.69	9.71	4.5
Other Current Liabilities	3.34	2.7	2.1	1.78	61.56	28.66
Total Current Liabilities	151.53	152.36	81.97	240.61	526.07	545.49
Long-Term Debt	4.48	4.48	8.96	14.94	41.54	45.06
Long-Term Leases	-	-	1.22	0.04	1.65	2.35
Long-Term Unearned Revenue	6.68	6.78	7.21	7.25	15.98	13.49
Long-Term Deferred Tax Liabilities	0	0	0.01	0.02	0	9.08
Other Long-Term Liabilities	-	-	-	-	1.61	0.81
Total Liabilities	162.69	163.62	99.38	262.86	586.86	616.28
Common Stock	467.63	467.63	467.63	467.63	467.63	467.63
Additional Paid-In Capital	270.36	270.36	270.36	270.36	269.98	269.95
Retained Earnings	822.91	818.77	788.94	797.68	755.82	711.74
Total Common Equity	1,561	1,557	1,527	1,536	1,493	1,449
Minority Interest	183.31	178.32	173.15	161.73	220.67	349.34
Shareholders' Equity	1,744	1,735	1,700	1,697	1,714	1,799
Total Liabilities & Equity	1,907	1,899	1,799	1,960	2,301	2,415
Total Debt	33.68	42.53	28.31	139.19	231.85	266.47
Net Cash (Debt)	692.44	691.37	799.31	775.38	485.48	444.7
Net Cash Growth	-17.90%	-13.50%	3.09%	59.71%	9.17%	81.34%
Net Cash Per Share	1.61	1.53	1.39	1.63	1.00	0.95
Filing Date Shares Outstanding	411.28	467.63	467.63	467.63	467.63	467.63
Total Common Shares Outstanding	411.28	467.63	467.63	467.63	467.63	467.63
Working Capital	1,025	1,015	1,064	1,085	1,058	1,165
Book Value Per Share	3.80	3.33	3.27	3.28	3.19	3.10
Tangible Book Value	1,556	1,552	1,520	1,528	1,453	1,413
Tangible Book Value Per Share	3.78	3.32	3.25	3.27	3.11	3.02
Buildings	-	116.98	117.3	120.61	431.19	423.44
Machinery	-	168.52	166.96	169.78	947.85	869.62
Construction In Progress	-	-	4.69	-	19.08	33.52

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.