SHE:003007 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	195.34	230.88	230.19	188.3	150.59	272.14
Short-Term Investments	-	-	30.76	-	44.07	-
Trading Asset Securities	-	-	50	50	180	120
Cash & Short-Term Investments	195.34	230.88	310.96	238.3	374.67	392.14
Cash Growth	-38.34%	-25.75%	30.49%	-36.40%	-4.46%	-35.48%
Accounts Receivable	398.69	377.75	313.12	304.13	281.26	222.61
Other Receivables	4.55	18.76	22.4	15.22	10.19	9.62
Receivables	403.24	396.51	335.51	319.35	291.44	232.24
Inventory	46.83	32.12	30.66	32.78	37.62	50.11
Other Current Assets	204.28	243.16	19.47	56.56	3.87	8.51
Total Current Assets	849.68	902.66	696.6	646.99	707.6	683
Property, Plant & Equipment	1,083	1,141	97.95	97.77	132.59	150.63
Long-Term Investments	75.45	75.35	121.94	153.77	40.09	113.45
Goodwill	5.71	5.71	12.04	18.1	19.71	19.71
Other Intangible Assets	29.1	33.17	49.46	49.09	38.32	18.47
Long-Term Deferred Tax Assets	25.79	23.43	10.18	9.19	6.69	6.36
Long-Term Deferred Charges	88.79	86.24	12.02	5.05	12.43	20.09
Other Long-Term Assets	10.69	10.69	55.31	45	45	-
Total Assets	2,168	2,278	1,056	1,025	1,002	1,012
Accounts Payable	49.2	179.9	76.11	68.52	97.96	114.05
Accrued Expenses	19.82	18.41	33.36	23.07	30.19	23.92
Short-Term Debt	299.08	215.51	11.86	1	1	-
Current Portion of Long-Term Debt	163.77	160.75	-	-	-	-
Current Portion of Leases	-	-	4.72	4.32	3.76	5.45
Current Income Taxes Payable	3.39	4.24	-	-	-	0.01
Current Unearned Revenue	7.04	8.23	8.62	18.19	18.74	19.05
Other Current Liabilities	37.05	41.93	20.13	25.1	25.7	23.04
Total Current Liabilities	579.36	628.96	154.81	140.2	177.34	185.52
Long-Term Leases	648.96	677.96	6.85	0.38	1.6	8.02
Long-Term Deferred Tax Liabilities	-	-	-	-	0.43	0.26
Other Long-Term Liabilities	64.01	70.65	3.77	3.87	4.62	2.65
Total Liabilities	1,292	1,378	165.42	144.46	183.99	196.45
Common Stock	101.82	101.82	104	104	104	104
Additional Paid-In Capital	333.5	333.5	379.75	378.52	388.95	378.52
Retained Earnings	437.57	461.16	450.04	437.38	358.89	330.17
Treasury Stock	-	-	-40.24	-40.24	-40.24	-
Comprehensive Income & Other	-0.45	-0.36	-0.22	-0.36	-0.44	-1.01
Total Common Equity	872.45	896.12	893.34	879.31	811.17	811.69
Minority Interest	3.49	4.57	-3.26	1.18	7.26	3.56
Shareholders' Equity	875.94	900.69	890.08	880.49	818.43	815.25
Total Liabilities & Equity	2,168	2,278	1,056	1,025	1,002	1,012
Total Debt	1,112	1,054	23.42	5.7	6.36	13.47
Net Cash (Debt)	-916.48	-823.34	287.54	232.59	368.31	378.67
Net Cash Growth	-	-	23.62%	-36.85%	-2.73%	-37.70%
Net Cash Per Share	-8.77	-7.90	2.79	2.27	3.53	3.67
Filing Date Shares Outstanding	102.56	113.14	101.82	101.82	101.82	104
Total Common Shares Outstanding	102.56	113.14	101.82	101.82	101.82	104
Working Capital	270.33	273.71	541.79	506.78	530.25	497.47
Book Value Per Share	8.51	7.92	8.77	8.64	7.97	7.80
Tangible Book Value	837.64	857.24	831.84	812.12	753.14	773.52
Tangible Book Value Per Share	8.17	7.58	8.17	7.98	7.40	7.44
Buildings	-	-	132.72	132.72	177.96	177.96
Machinery	-	-	16.12	16.89	18.35	17.89

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