SHE:003013 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	632.73	907.45	931.2	1,324	1,377	1,401
Trading Asset Securities	-	-	50.13	-	-	-
Cash & Short-Term Investments	632.73	907.45	981.34	1,324	1,377	1,401
Cash Growth	20.05%	-7.53%	-25.86%	-3.91%	-1.68%	1.83%
Accounts Receivable	2,814	2,562	2,228	1,965	1,455	1,309
Other Receivables	25.28	29.52	31.75	41.36	35.95	40.7
Receivables	2,839	2,592	2,260	2,006	1,490	1,350
Inventory	716.69	668.2	644.62	561.28	478.67	480.82
Other Current Assets	83.12	66.59	97.98	124.78	157.17	177.22
Total Current Assets	4,272	4,234	3,984	4,016	3,504	3,409
Property, Plant & Equipment	953.32	923.18	1,010	698.29	470.11	297.91
Long-Term Investments	168.94	166.79	183.81	143.69	112.26	107.99
Other Intangible Assets	587.5	585.31	593.64	611.17	627.03	642.04
Long-Term Deferred Tax Assets	298.41	270.72	234.94	185.27	146.64	120.62
Long-Term Deferred Charges	22.24	23.88	26.95	9.58	13.88	13.2
Other Long-Term Assets	100.82	97.19	102.81	102.44	29.91	36.58
Total Assets	6,403	6,301	6,136	5,767	4,903	4,627
Accounts Payable	1,129	1,162	1,029	739.24	538.02	471.55
Accrued Expenses	182.49	454.43	543.29	610	587.66	456.39
Short-Term Debt	360.79	429.51	320.49	296.24	-	-
Current Portion of Leases	-	19.51	24.85	24.54	32.95	44.36
Current Income Taxes Payable	125.41	93.53	108.41	81.89	39.21	26.94
Current Unearned Revenue	704.02	659.74	929.84	1,320	1,348	1,540
Other Current Liabilities	350.94	316.55	294.43	203.01	122.85	116.38
Total Current Liabilities	2,883	3,135	3,250	3,275	2,669	2,656
Long-Term Leases	40.88	26.13	45.89	33.22	42.07	29.36
Long-Term Unearned Revenue	4.29	5.58	2	2.62	0.42	0.59
Long-Term Deferred Tax Liabilities	2.74	2.68	1.34	1.54	2.04	-
Other Long-Term Liabilities	0.35	0.35	-	-	-	-
Total Liabilities	2,931	3,170	3,300	3,312	2,713	2,686
Common Stock	460.76	407.83	408.33	400.01	400.01	400.01
Additional Paid-In Capital	1,068	960.75	961.02	857.52	857.61	857.34
Retained Earnings	1,901	1,721	1,451	1,155	903.22	663.39
Treasury Stock	-61.66	-61.66	-69.53	-	-	-
Comprehensive Income & Other	-0.39	-0.56	-	-	-	-
Total Common Equity	3,368	3,027	2,751	2,413	2,161	1,921
Minority Interest	103.67	103.53	85.17	41.67	29.21	20.48
Shareholders' Equity	3,472	3,131	2,836	2,454	2,190	1,941
Total Liabilities & Equity	6,403	6,301	6,136	5,767	4,903	4,627
Total Debt	432.25	475.15	391.23	353.99	75.01	73.72
Net Cash (Debt)	200.49	432.3	590.1	969.55	1,302	1,327
Net Cash Growth	467.55%	-26.74%	-39.14%	-25.55%	-1.87%	-3.53%
Net Cash Per Share	0.50	1.07	1.48	2.42	3.26	3.31
Filing Date Shares Outstanding	439.38	407.83	408.33	400.01	400.01	400.01
Total Common Shares Outstanding	439.38	407.83	408.33	400.01	400.01	400.01
Working Capital	1,389	1,098	733.44	741.22	834.77	752.84
Book Value Per Share	7.67	7.42	6.74	6.03	5.40	4.80
Tangible Book Value	2,780	2,442	2,157	1,801	1,534	1,279
Tangible Book Value Per Share	6.33	5.99	5.28	4.50	3.83	3.20
Buildings	-	708.22	704.1	117.66	117.66	111.82
Machinery	-	140.28	142.49	131.24	134.78	116.45
Construction In Progress	-	2.53	88.74	478.22	222.99	59.52

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