SHE:002951 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	146.41	157.23	196.71	460.36	243.78	378.31
Short-Term Investments	-	-	383.95	184.33	-	-
Trading Asset Securities	146.07	197.93	399.96	200.26	90.07	120.71
Cash & Short-Term Investments	292.47	355.16	980.61	844.95	333.85	499.01
Cash Growth	-33.42%	-63.78%	16.05%	153.09%	-33.10%	-1.26%
Accounts Receivable	466.8	498.14	336.33	0.27	28.34	34.76
Other Receivables	18.9	17.17	0.49	1.5	1.84	1.59
Receivables	485.7	515.31	336.82	1.78	30.18	36.35
Inventory	178.58	162.07	85.04	3.34	25.39	51.51
Other Current Assets	216.34	190.26	37.42	12.15	5.04	17.2
Total Current Assets	1,173	1,223	1,440	862.21	394.46	604.07
Property, Plant & Equipment	298.03	304.14	452.07	557.92	551.62	536.22
Long-Term Investments	345.39	372.69	436.25	804.14	978.57	547.27
Goodwill	9.5	8.61	15.17	-	-	-
Other Intangible Assets	97.6	83.87	79.19	77.59	81.16	84.11
Long-Term Deferred Tax Assets	4.72	4.63	4.12	-	-	1.44
Long-Term Deferred Charges	13.54	14.62	17.27	0.68	1.18	0.83
Other Long-Term Assets	58.93	5.1	12.33	11.26	13.55	13.35
Total Assets	2,001	2,016	2,456	2,314	2,021	1,787
Accounts Payable	248.29	233.63	280.07	17.01	55.62	110.27
Accrued Expenses	4.92	9.29	8.47	4.63	10.86	11.19
Short-Term Debt	55.01	55.03	-	-	-	-
Current Portion of Long-Term Debt	6.85	6.46	-	-	-	-
Current Portion of Leases	-	-	2.52	-	-	-
Current Income Taxes Payable	48.18	50.28	138.68	113.69	3.65	4.64
Current Unearned Revenue	0.61	1.63	1.57	-	1.52	-
Other Current Liabilities	57.59	62.5	9.72	0.03	4.57	3.73
Total Current Liabilities	421.46	418.82	441.04	135.36	76.22	129.83
Long-Term Debt	3.15	3.58	-	-	-	-
Long-Term Leases	4.94	5.25	2.59	-	-	-
Long-Term Unearned Revenue	-	-	-	5.25	5.25	5.45
Long-Term Deferred Tax Liabilities	5.12	8.45	50.54	128.21	143.66	35.13
Other Long-Term Liabilities	0.11	0.11	-	-	-	-
Total Liabilities	434.77	436.21	494.17	268.81	225.13	170.41
Common Stock	405	405	405	405	405	405
Additional Paid-In Capital	529.51	527.78	528.3	536.9	536.9	536.9
Retained Earnings	544.55	545.15	848.24	716.12	408.59	465.43
Treasury Stock	-37.98	-37.98	-36.17	-17.65	-	-
Comprehensive Income & Other	77.11	91.86	171.06	402.96	439.35	200.51
Total Common Equity	1,518	1,532	1,916	2,043	1,790	1,608
Minority Interest	47.83	48.45	45.66	1.66	5.56	9.04
Shareholders' Equity	1,566	1,580	1,962	2,045	1,795	1,617
Total Liabilities & Equity	2,001	2,016	2,456	2,314	2,021	1,787
Total Debt	69.94	70.33	5.11	-	-	-
Net Cash (Debt)	222.53	284.83	975.49	844.95	333.85	499.01
Net Cash Growth	-48.80%	-70.80%	15.45%	153.09%	-33.10%	-1.26%
Net Cash Per Share	0.56	0.71	2.22	2.09	0.82	1.25
Filing Date Shares Outstanding	387.17	462.94	400.01	402.82	405	405
Total Common Shares Outstanding	387.17	462.94	400.01	402.82	405	405
Working Capital	751.63	803.98	998.84	726.86	318.24	474.24
Book Value Per Share	3.92	3.31	4.79	5.07	4.42	3.97
Tangible Book Value	1,411	1,439	1,822	1,966	1,709	1,524
Tangible Book Value Per Share	3.64	3.11	4.56	4.88	4.22	3.76
Buildings	-	-	453.43	249.62	249.62	249.62
Machinery	-	-	37.78	107.33	263.63	318.65
Construction In Progress	-	-	15.16	384.35	339.12	288.75

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