SHE:003005 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	145.19	1,091	1,065	830.14	816.93	676.97
Trading Asset Securities	846.14	1.14	96.47	6.68	16.7	260.44
Cash & Short-Term Investments	991.33	1,092	1,162	836.83	833.64	937.4
Cash Growth	-10.41%	-6.03%	38.84%	0.38%	-11.07%	-13.15%
Accounts Receivable	330.27	331.5	329.41	273.8	317.14	371.86
Other Receivables	25.99	22.44	25.01	33.17	32	40.76
Receivables	356.26	353.93	354.42	306.97	349.13	412.62
Inventory	93.66	92.85	127.66	141.49	110.37	143.69
Other Current Assets	37.17	35.37	33.45	31.08	24.21	16.28
Total Current Assets	1,478	1,574	1,677	1,316	1,317	1,510
Property, Plant & Equipment	432.6	437.31	428.48	409.39	389.58	292.33
Long-Term Investments	19.91	20.37	22.72	23.32	26.09	22.73
Goodwill	-	-	1.72	-	-	-
Other Intangible Assets	102.59	101.66	91.76	85.82	84.89	85.71
Long-Term Accounts Receivable	-	19.95	16.37	9.35	16.1	17.36
Long-Term Deferred Tax Assets	27.34	28.82	28.7	24.92	19.78	14.58
Long-Term Deferred Charges	21.85	21.76	13.51	4.73	2.74	0.01
Other Long-Term Assets	12.05	0.06	-	-	-	1.38
Total Assets	2,095	2,204	2,281	1,874	1,857	1,944
Accounts Payable	147.4	197.79	209.34	227.51	224.13	269.73
Accrued Expenses	17.74	63.84	64.93	63.8	54.55	63.7
Short-Term Debt	-	-	-	-	-	29.45
Current Portion of Long-Term Debt	9.4	-	-	-	-	-
Current Portion of Leases	-	9.67	6.91	6.01	5.26	5.37
Current Income Taxes Payable	20.22	5.38	4.48	0.08	1.88	6.54
Current Unearned Revenue	47.22	38.52	70.48	55.97	59.14	80.03
Other Current Liabilities	33.14	28.46	26.53	24.75	4.06	4.07
Total Current Liabilities	275.11	343.67	382.68	378.11	349.02	458.9
Long-Term Leases	15.37	17.02	11.47	3.52	5.61	2.92
Long-Term Deferred Tax Liabilities	3.42	3.74	2.77	1.55	1.7	-
Other Long-Term Liabilities	-	-	-	-	20.41	20.22
Total Liabilities	293.89	364.44	396.92	383.18	376.74	482.04
Common Stock	231.39	231.39	165.28	148.4	148.4	106
Additional Paid-In Capital	1,009	1,009	1,075	740.65	740.65	783.05
Retained Earnings	560.44	599	643.3	600.61	590.49	572.16
Total Common Equity	1,801	1,839	1,884	1,490	1,480	1,461
Minority Interest	-	-	-	1.05	0.25	0.84
Shareholders' Equity	1,801	1,839	1,884	1,491	1,480	1,462
Total Liabilities & Equity	2,095	2,204	2,281	1,874	1,857	1,944
Total Debt	24.76	26.7	18.38	9.53	10.86	37.75
Net Cash (Debt)	966.56	1,065	1,143	827.3	822.77	899.66
Net Cash Growth	-11.35%	-6.86%	38.22%	0.55%	-8.55%	-15.47%
Net Cash Per Share	3.90	4.60	4.94	3.98	4.75	4.33
Filing Date Shares Outstanding	231.42	231.39	231.39	207.76	207.76	207.76
Total Common Shares Outstanding	231.42	231.39	231.39	207.76	207.76	207.76
Working Capital	1,203	1,230	1,295	938.25	968.33	1,051
Book Value Per Share	7.78	7.95	8.14	7.17	7.12	7.03
Tangible Book Value	1,698	1,738	1,790	1,404	1,395	1,375
Tangible Book Value Per Share	7.34	7.51	7.74	6.76	6.71	6.62
Buildings	-	418.75	401.12	369.15	132.42	132.42
Machinery	-	49.06	38.58	31.06	28.52	29.55
Construction In Progress	-	0.3	15.16	31.84	241.23	138.72

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