SHE:002017 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	1,949	2,002	1,886	1,811	1,706	1,460
Cash & Short-Term Investments	1,949	2,002	1,886	1,811	1,706	1,460
Cash Growth	7.73%	6.19%	4.12%	6.17%	16.85%	16.96%
Accounts Receivable	193.95	194.8	196.41	158.78	200.6	156.45
Other Receivables	11.44	11.82	14.35	64.48	68.57	37.2
Receivables	205.39	206.62	210.76	223.26	269.17	193.65
Inventory	638.11	541.02	592.42	642.63	563.28	305.62
Prepaid Expenses	-	-	1.18	0.31	-	16.93
Other Current Assets	17.45	20.03	18.02	6.54	55.52	6.86
Total Current Assets	2,810	2,770	2,708	2,684	2,594	1,983
Property, Plant & Equipment	156.48	162.33	159.37	165.85	161.01	171.77
Long-Term Investments	29.66	29.66	29.69	31.23	33.05	37.33
Goodwill	1.08	1.08	1.08	1.08	1.08	1.08
Other Intangible Assets	2.23	2.35	2.65	2.8	3.45	4.19
Long-Term Deferred Tax Assets	37.94	37.65	34.5	35.03	35.9	29.41
Long-Term Deferred Charges	1.69	1.94	2.92	-	-	-
Other Long-Term Assets	36.86	38.35	44.47	48.45	52.79	59.21
Total Assets	3,076	3,043	2,983	2,968	2,881	2,286
Accounts Payable	460.62	403.51	427.2	464.11	580.83	333.57
Accrued Expenses	123.09	112.57	178.64	183.89	184.17	160.87
Short-Term Debt	-	-	-	-	55.72	38.25
Current Portion of Long-Term Debt	1.7	1.38	-	-	-	-
Current Portion of Leases	-	-	1.97	1.59	0.16	0.53
Current Income Taxes Payable	2.45	13.78	2.62	8	10.4	2.09
Current Unearned Revenue	463.58	520.36	500.16	500.42	364.75	200.99
Other Current Liabilities	119.35	129.29	77.12	91.07	87.37	37.84
Total Current Liabilities	1,171	1,181	1,188	1,249	1,283	774.14
Long-Term Leases	3.1	3.19	4.23	6.12	-	0.23
Long-Term Unearned Revenue	16.4	24	32.44	45.04	66.17	63.09
Long-Term Deferred Tax Liabilities	5.73	5.6	2.05	0.41	0.78	0.1
Total Liabilities	1,196	1,214	1,226	1,301	1,350	837.56
Common Stock	580.43	580.43	580.43	580.43	446.49	446.49
Additional Paid-In Capital	375	375	375	375	507.97	507.97
Retained Earnings	914.23	864.81	803.53	704.81	566.93	497.51
Comprehensive Income & Other	-0.79	-1.73	-12.92	-7.52	-6.09	-10.17
Total Common Equity	1,869	1,819	1,746	1,653	1,515	1,442
Minority Interest	11.31	11.3	10.28	14.86	15.42	6.5
Shareholders' Equity	1,880	1,830	1,756	1,668	1,531	1,448
Total Liabilities & Equity	3,076	3,043	2,983	2,968	2,881	2,286
Total Debt	4.79	4.57	6.19	7.71	55.87	39.01
Net Cash (Debt)	1,945	1,998	1,880	1,803	1,650	1,421
Net Cash Growth	7.78%	6.30%	4.22%	9.30%	16.13%	13.84%
Net Cash Per Share	3.35	3.44	3.24	3.11	2.84	2.45
Filing Date Shares Outstanding	580.7	580.06	580.43	580.43	580.43	580.43
Total Common Shares Outstanding	580.7	580.06	580.43	580.43	580.43	580.43
Working Capital	1,639	1,589	1,520	1,435	1,310	1,209
Book Value Per Share	3.22	3.14	3.01	2.85	2.61	2.48
Tangible Book Value	1,866	1,815	1,742	1,649	1,511	1,437
Tangible Book Value Per Share	3.21	3.13	3.00	2.84	2.60	2.47
Buildings	-	-	136.39	136.24	136.21	135.28
Machinery	-	-	473.15	458.91	442.34	454.47
Construction In Progress	-	-	14.8	12.96	6.8	0.34

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