SHE:002972 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Cash & Equivalents	198.23	541	336.73	332.59	536.37	669.8
Short-Term Investments	-	40.98	153.18	-	-	-
Trading Asset Securities	382.84	-	27.15	-	-	-
Cash & Short-Term Investments	581.07	581.98	517.06	332.59	536.37	669.8
Cash Growth	38.83%	12.56%	55.46%	-37.99%	-19.92%	-5.42%
Accounts Receivable	468.43	428.19	527.79	558.62	597.7	465.04
Other Receivables	4.37	36.05	22.01	37.51	19.57	33.03
Receivables	472.79	464.25	549.8	596.13	617.27	498.07
Inventory	129.4	125.94	154.89	141.25	93.93	74.12
Other Current Assets	33.22	3.02	9.41	2.73	1.65	31.12
Total Current Assets	1,216	1,175	1,231	1,073	1,249	1,273
Property, Plant & Equipment	132.96	132.52	137.85	138.38	133.84	121.02
Long-Term Investments	-	60.82	40.53	137.92	-	-
Other Intangible Assets	2.22	2.34	2.41	7.4	2.64	2.83
Long-Term Deferred Tax Assets	47.92	44.89	37.26	26.38	19.26	16.63
Long-Term Deferred Charges	0.65	0.37	0.99	1.81	2.38	3.16
Other Long-Term Assets	68.72	5.76	4.48	13.79	135.83	6.32
Total Assets	1,469	1,422	1,455	1,398	1,543	1,423
Accounts Payable	39.02	37.91	58.11	47.98	119.37	65.26
Accrued Expenses	9.44	17.96	20.38	21.68	33.47	27.61
Short-Term Debt	29.8	29.8	49.93	-	50	-
Current Portion of Leases	-	4.76	6.16	7.14	6.13	9.11
Current Income Taxes Payable	17.33	14.13	16.67	6.95	28.82	19
Current Unearned Revenue	66.91	54.47	61.26	39.85	12.86	28.32
Other Current Liabilities	15.77	16.5	12.03	17.29	24.91	20.71
Total Current Liabilities	182.16	175.53	224.53	140.89	275.57	170
Long-Term Leases	4.26	1.62	5.52	4.97	1.52	6.04
Long-Term Unearned Revenue	6.11	6.17	6.39	3.09	3.22	5.73
Long-Term Deferred Tax Liabilities	2.14	0.88	1.61	1.88	-	-
Other Long-Term Liabilities	9.78	9.14	-	-	-	-
Total Liabilities	204.45	193.34	238.05	150.83	280.32	181.77
Common Stock	246.01	246.01	246.01	246.01	176.32	176.32
Additional Paid-In Capital	387.01	387.01	387.01	387.01	467.86	467.86
Retained Earnings	640.15	602.85	588.87	610.96	653.33	618.1
Treasury Stock	-10	-10	-10	-	-35.99	-21
Comprehensive Income & Other	0.97	2.3	4.14	2.81	0.74	-0.63
Total Common Equity	1,264	1,228	1,216	1,247	1,262	1,241
Minority Interest	0.37	0.38	0.59	0.75	0.61	0.65
Shareholders' Equity	1,265	1,229	1,217	1,248	1,263	1,241
Total Liabilities & Equity	1,469	1,422	1,455	1,398	1,543	1,423
Total Debt	37.95	36.17	61.6	12.11	57.66	15.15
Net Cash (Debt)	543.13	545.81	455.45	320.49	478.71	654.65
Net Cash Growth	47.35%	19.84%	42.11%	-33.05%	-26.88%	-7.56%
Net Cash Per Share	2.21	2.22	1.85	1.31	1.96	2.67
Filing Date Shares Outstanding	246.03	244.84	244.84	243.91	243.91	245.17
Total Common Shares Outstanding	246.03	244.84	244.84	243.91	243.91	245.17
Working Capital	1,034	999.66	1,007	931.81	973.65	1,103
Book Value Per Share	5.14	5.02	4.97	5.11	5.18	5.06
Tangible Book Value	1,262	1,226	1,214	1,239	1,260	1,238
Tangible Book Value Per Share	5.13	5.01	4.96	5.08	5.16	5.05
Buildings	-	139.04	126.68	126.64	119.47	54.65
Machinery	-	41.38	39.98	36.55	32.31	26.6
Construction In Progress	-	6.77	10.56	2.79	6.61	50.73

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