SHE:003020 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	285.06	413.89	439.69	502.93	642.58	654.25
Short-Term Investments	-	-	10.67	-	-	-
Trading Asset Securities	200.53	40.27	58	61.52	0.12	0.13
Cash & Short-Term Investments	485.59	454.16	508.36	564.45	642.7	654.39
Cash Growth	5.02%	-10.66%	-9.94%	-12.17%	-1.79%	-14.64%
Accounts Receivable	488	487.5	415.63	295.19	321.02	318.37
Other Receivables	4.79	4.62	8.08	19.97	36.03	6.08
Receivables	492.79	492.12	423.7	315.16	357.05	324.45
Inventory	227.63	204.5	220.48	242.91	361.76	188.86
Prepaid Expenses	-	-	1.41	1.11	-	-
Other Current Assets	30.62	25.45	31.54	27.51	91.03	51.95
Total Current Assets	1,237	1,176	1,185	1,151	1,453	1,220
Property, Plant & Equipment	978.97	985.66	972.75	898.62	538.12	299.03
Long-Term Investments	204.93	196.77	194.11	180.39	14.4	20.71
Goodwill	74.44	74.44	74.44	74.44	-	-
Other Intangible Assets	95.4	97.61	105.24	113.29	83.38	89.51
Long-Term Deferred Tax Assets	16.11	15.81	14.51	16.13	8.58	5.86
Long-Term Deferred Charges	6.49	3.86	6.94	7.41	7.61	8.8
Other Long-Term Assets	37.34	35.43	32.49	42.26	16.76	30.9
Total Assets	2,650	2,586	2,586	2,484	2,121	1,674
Accounts Payable	366.4	349.46	347.53	301.25	460.66	242.93
Accrued Expenses	19.94	34.52	63.19	53.95	45.25	50.5
Short-Term Debt	-	-	50	50.05	-	-
Current Portion of Long-Term Debt	-	2.54	-	-	-	-
Current Portion of Leases	-	-	4.36	4.54	10.03	-
Current Income Taxes Payable	29.1	28.67	9.08	15.53	12.71	6.05
Current Unearned Revenue	27.49	7.59	33.08	33.09	42.62	14.69
Other Current Liabilities	99.25	97.81	74.71	84.32	51.36	13.88
Total Current Liabilities	542.19	520.58	581.95	542.73	622.63	328.05
Long-Term Debt	69.65	59.64	59.65	31.01	-	-
Long-Term Leases	1.01	1.71	4.57	2.84	3.38	24.58
Long-Term Unearned Revenue	43.41	44.9	18.28	20.16	12.98	13.24
Long-Term Deferred Tax Liabilities	7.01	7.36	8.93	13.43	1.39	-
Other Long-Term Liabilities	-	-	-	-	1.16	4.66
Total Liabilities	663.27	634.19	673.38	610.18	641.53	370.53
Common Stock	190.18	190.18	191.57	159.68	122.47	92.64
Additional Paid-In Capital	510.05	510.05	518	551.89	554.93	526.16
Retained Earnings	1,144	1,109	1,038	994.95	829.51	685.11
Treasury Stock	-	-	-9.39	-20.99	-27.05	-
Total Common Equity	1,844	1,809	1,738	1,686	1,480	1,304
Minority Interest	142.66	142.69	174.71	187.97	-	-
Shareholders' Equity	1,987	1,952	1,913	1,873	1,480	1,304
Total Liabilities & Equity	2,650	2,586	2,586	2,484	2,121	1,674
Total Debt	70.66	63.9	118.58	88.44	13.41	24.58
Net Cash (Debt)	414.93	390.27	389.78	476	629.28	629.8
Net Cash Growth	5.17%	0.12%	-18.11%	-24.36%	-0.08%	-17.84%
Net Cash Per Share	2.20	2.06	2.04	2.48	3.33	3.35
Filing Date Shares Outstanding	185.74	192.6	191.26	191.61	191.05	187.87
Total Common Shares Outstanding	185.74	192.6	191.57	191.61	191.05	187.87
Working Capital	694.44	655.66	603.54	608.42	829.92	891.59
Book Value Per Share	9.93	9.39	9.07	8.80	7.75	6.94
Tangible Book Value	1,675	1,637	1,558	1,498	1,396	1,214
Tangible Book Value Per Share	9.02	8.50	8.13	7.82	7.31	6.46
Buildings	-	-	547.66	395.67	140.12	127.89
Machinery	-	-	480.99	303.79	174.84	139.8
Construction In Progress	-	-	269.34	459.66	340.89	130.35

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