SHE:002443 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	423.07	520.44	450.56	887.91	734.69	533.89
Trading Asset Securities	1,265	1,250	983.73	200	120	90
Cash & Short-Term Investments	1,688	1,771	1,434	1,088	854.69	623.89
Cash Growth	27.46%	23.46%	31.84%	27.29%	36.99%	16.33%
Accounts Receivable	907.14	838.5	921.11	1,121	1,193	1,034
Other Receivables	47.31	54.73	57.33	46.3	37.22	39.17
Receivables	954.45	893.24	978.44	1,167	1,230	1,073
Inventory	868.28	852.24	876.74	1,054	1,192	1,139
Other Current Assets	234.94	339.23	223.07	264.76	340.13	444
Total Current Assets	3,746	3,856	3,513	3,573	3,617	3,280
Property, Plant & Equipment	708.93	729.75	788.68	853.89	904.92	946.51
Long-Term Investments	26.73	16.56	0.03	0.03	0.03	0.03
Goodwill	2.6	2.6	2.6	2.6	2.6	2.6
Other Intangible Assets	131.8	132.88	136.31	138.38	143.56	147.48
Long-Term Accounts Receivable	-	38.46	27.45	23.02	28.56	25.35
Long-Term Deferred Tax Assets	42.63	42.58	39.91	39.38	35.07	35.07
Other Long-Term Assets	40.92	2.43	0.55	6.09	3.4	1.22
Total Assets	4,699	4,821	4,508	4,637	4,735	4,438
Accounts Payable	194.67	184.51	171.17	185.74	208.91	184.54
Accrued Expenses	37.68	94.51	102.54	107.81	92.22	129.74
Short-Term Debt	260.27	379.19	94.01	305.06	652.12	373.11
Current Portion of Leases	-	8.72	6.39	6.11	5.84	5.58
Current Income Taxes Payable	20.48	7.89	11.17	20.44	2.72	91.2
Current Unearned Revenue	189.05	198.92	207.43	214.5	231.36	167.98
Other Current Liabilities	60.5	58.06	64.3	54.74	68.39	38.16
Total Current Liabilities	766.86	931.8	657.02	894.39	1,262	990.32
Long-Term Debt	59.59	60.1	-	-	-	-
Long-Term Leases	-	0.83	-	6.39	12.5	18.33
Long-Term Unearned Revenue	128.27	130.88	143.08	151	155.66	165.41
Other Long-Term Liabilities	0.01	-	-	-	-	-
Total Liabilities	954.74	1,124	800.1	1,052	1,430	1,174
Common Stock	520.54	520.54	520.54	520.54	520.54	520.54
Additional Paid-In Capital	773.66	773.66	773.66	773.66	773.66	773.66
Retained Earnings	2,307	2,266	2,231	2,061	1,803	1,776
Treasury Stock	-100.06	-100.06	-39.97	-	-	-
Comprehensive Income & Other	2.63	1.82	1.76	1	-	-
Total Common Equity	3,504	3,462	3,487	3,356	3,097	3,070
Minority Interest	240.73	234.87	220.86	228.9	207.97	194.02
Shareholders' Equity	3,745	3,697	3,708	3,585	3,305	3,264
Total Liabilities & Equity	4,699	4,821	4,508	4,637	4,735	4,438
Total Debt	324.07	448.84	100.4	317.55	670.45	397.02
Net Cash (Debt)	1,364	1,322	1,334	770.36	184.24	226.87
Net Cash Growth	10.70%	-0.89%	73.15%	318.13%	-18.79%	-36.30%
Net Cash Per Share	2.51	2.51	2.39	1.48	0.35	0.44
Filing Date Shares Outstanding	520.41	505.42	512.5	520.54	520.54	520.54
Total Common Shares Outstanding	520.41	505.42	512.5	520.54	520.54	520.54
Working Capital	2,979	2,924	2,856	2,679	2,355	2,290
Book Value Per Share	6.73	6.85	6.80	6.45	5.95	5.90
Tangible Book Value	3,369	3,327	3,348	3,215	2,951	2,920
Tangible Book Value Per Share	6.47	6.58	6.53	6.18	5.67	5.61
Buildings	-	523.71	523.2	520.96	513.89	503.13
Machinery	-	992.53	978.07	966.49	963.68	949.96
Construction In Progress	-	4.36	8.54	3.79	36.91	20.6

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