SHE:003003 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	Dec '21 Dec 31, 2021
Cash & Equivalents	75.86	231.45	128.57	220.32	93.63	249.61
Short-Term Investments	-	-	28.44	-	-	-
Trading Asset Securities	311.4	217.06	169.77	138.83	54.05	106.75
Cash & Short-Term Investments	387.26	448.52	326.78	359.15	147.68	356.37
Cash Growth	13.57%	37.25%	-9.01%	143.19%	-58.56%	-28.16%
Accounts Receivable	173.49	189.98	186.22	223.83	312.04	291.46
Other Receivables	15.08	15.21	6.16	7	0.4	13.95
Receivables	188.57	205.19	192.38	230.83	312.44	305.41
Inventory	142.74	142.35	169.5	204.01	265.66	323.35
Prepaid Expenses	-	-	0.6	0.77	0.93	5.02
Other Current Assets	109.74	92.16	51.54	63.19	146.61	104.06
Total Current Assets	828.3	888.22	740.8	857.96	873.31	1,094
Property, Plant & Equipment	554.85	563.25	619.57	646.59	639.53	641.74
Long-Term Investments	-	-	193.82	20.29	-	-
Other Intangible Assets	81.39	82.11	88.09	90.38	92.57	95
Long-Term Deferred Tax Assets	14.64	14.77	14.95	14.98	20.62	11.8
Long-Term Deferred Charges	0.24	0.29	0.42	0.37	0.68	1.47
Other Long-Term Assets	310	307.44	20.15	13.17	30.45	13.24
Total Assets	1,789	1,856	1,678	1,644	1,657	1,857
Accounts Payable	166.91	181.43	101.59	123.95	148.3	261.36
Accrued Expenses	11.6	12.14	16.84	16.93	13.56	12.07
Short-Term Debt	206.81	271.79	212.8	119.55	130.6	176.16
Current Portion of Long-Term Debt	0.43	0.42	-	59.87	0.16	-
Current Portion of Leases	-	-	0.02	0.29	1.93	5.37
Current Income Taxes Payable	7.33	11.39	0.74	1.07	2.32	0.24
Current Unearned Revenue	12.72	13.12	12.78	13.32	25.72	12.66
Other Current Liabilities	23.32	22.03	17.57	18.04	28.09	8.99
Total Current Liabilities	429.11	512.33	362.35	353.02	350.68	476.84
Long-Term Debt	-	-	-	-	59.85	127
Long-Term Leases	0.27	0.28	-	0.02	0.17	1.05
Long-Term Unearned Revenue	26.67	25.7	28.11	30.54	31.59	14.9
Long-Term Deferred Tax Liabilities	9.95	9.97	10.01	9.8	12.22	14.87
Other Long-Term Liabilities	7.49	7.57	-	-	-	-
Total Liabilities	473.49	555.84	400.47	393.38	454.51	634.67
Common Stock	176.72	176.72	176.8	176.96	177	176.72
Additional Paid-In Capital	685.18	685.18	685.26	686.35	685.9	684.42
Retained Earnings	473.97	458.19	434.87	388.51	338.38	359.42
Treasury Stock	-19.18	-19.18	-19.63	-1.41	-1.66	-
Comprehensive Income & Other	0.13	0.19	0.21	0.17	0.17	-0.15
Total Common Equity	1,317	1,301	1,278	1,251	1,200	1,220
Minority Interest	-0.9	-0.88	-0.19	-0.23	2.84	2.37
Shareholders' Equity	1,316	1,300	1,277	1,250	1,203	1,223
Total Liabilities & Equity	1,789	1,856	1,678	1,644	1,657	1,857
Total Debt	207.51	272.49	212.82	179.74	192.71	309.58
Net Cash (Debt)	179.75	176.03	113.96	179.41	-45.03	46.79
Net Cash Growth	48.65%	54.46%	-36.48%	-	-	-86.78%
Net Cash Per Share	1.02	1.00	0.64	1.00	-0.27	0.27
Filing Date Shares Outstanding	176.74	182.05	174.45	176.96	141.41	176.72
Total Common Shares Outstanding	176.74	182.05	174.45	176.96	141.41	176.72
Working Capital	399.19	375.88	378.45	504.94	522.63	617.36
Book Value Per Share	7.45	7.15	7.32	7.07	8.48	6.91
Tangible Book Value	1,235	1,219	1,189	1,160	1,107	1,125
Tangible Book Value Per Share	6.99	6.70	6.82	6.56	7.83	6.37
Buildings	-	-	511.43	493.55	415.61	332.95
Machinery	-	-	297.54	320.87	334.51	306.87
Construction In Progress	-	-	21.89	23.04	41.53	102.13

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