SHE:003031 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	3,762	3,170	2,517	3,508	1,110	125.78
Trading Asset Securities	240.55	606.03	1,031	200.03	70.12	235.25
Cash & Short-Term Investments	4,003	3,776	3,548	3,708	1,180	361.03
Cash Growth	10.43%	6.43%	-4.31%	214.14%	226.91%	-20.66%
Accounts Receivable	1,304	1,122	1,112	949.74	775.82	360.25
Other Receivables	0.47	0.77	4.11	0.59	0.07	11.08
Receivables	1,304	1,122	1,116	950.33	775.89	371.33
Inventory	901.53	907.08	711.38	611.93	719.09	259.03
Other Current Assets	143.33	127.07	80.29	51.34	67.4	19.69
Total Current Assets	6,352	5,933	5,456	5,321	2,743	1,011
Property, Plant & Equipment	2,267	2,239	1,862	1,631	1,367	496.3
Goodwill	5.91	5.91	5.91	5.91	5.91	-
Other Intangible Assets	155.19	156.52	162.8	140.16	147.92	16.46
Long-Term Deferred Tax Assets	27.39	27.1	14	16.25	19.52	7.56
Long-Term Deferred Charges	2.27	2.38	1.86	2.36	-	-
Other Long-Term Assets	180.41	78.92	88.49	137.18	58.69	10.17
Total Assets	8,990	8,442	7,591	7,254	4,342	1,542
Accounts Payable	1,455	1,116	817.01	892.1	756	318.53
Accrued Expenses	43.99	28.9	28.07	20.38	197.02	10.26
Short-Term Debt	-	-	-	90.09	-	-
Current Portion of Long-Term Debt	-	-	-	0.06	100.19	-
Current Portion of Leases	-	2.34	2.39	2.7	2.05	-
Current Income Taxes Payable	37.85	25.76	31.92	11.67	1.79	-
Current Unearned Revenue	11.96	45.58	14.67	32.35	33.46	23.19
Other Current Liabilities	27.81	34.24	24.87	14.47	101.27	2.39
Total Current Liabilities	1,577	1,253	918.92	1,064	1,192	354.38
Long-Term Debt	-	-	-	53.85	51.45	-
Long-Term Leases	23.1	9.1	11.12	13.04	16.2	-
Long-Term Unearned Revenue	299.26	302.77	223.08	174.83	145.33	39.05
Long-Term Deferred Tax Liabilities	66.09	63.12	45.32	36.26	31.84	18.74
Other Long-Term Liabilities	-	-	7.72	-	-	-
Total Liabilities	1,965	1,628	1,206	1,342	1,437	412.17
Common Stock	451.05	451.05	451.05	322.18	209.07	149.33
Additional Paid-In Capital	3,188	3,188	3,186	3,319	812.12	705.65
Retained Earnings	2,955	2,761	2,388	1,975	1,485	274.42
Comprehensive Income & Other	14.97	13.54	8.8	2.9	-	-
Total Common Equity	6,609	6,413	6,034	5,619	2,506	1,129
Minority Interest	416.47	400.77	350.59	293.41	399.38	-
Shareholders' Equity	7,025	6,814	6,385	5,912	2,905	1,129
Total Liabilities & Equity	8,990	8,442	7,591	7,254	4,342	1,542
Total Debt	23.1	11.44	13.5	159.74	169.89	-
Net Cash (Debt)	3,980	3,765	3,534	3,548	1,010	361.03
Net Cash Growth	10.14%	6.51%	-0.38%	251.15%	179.86%	-20.66%
Net Cash Per Share	8.87	8.36	7.87	10.50	3.45	1.23
Filing Date Shares Outstanding	451.05	451.05	451.05	451.05	292.69	292.69
Total Common Shares Outstanding	451.05	451.05	451.05	451.05	292.69	292.69
Working Capital	4,775	4,680	4,537	4,257	1,551	656.7
Book Value Per Share	14.65	14.22	13.38	12.46	8.56	3.86
Tangible Book Value	6,448	6,251	5,865	5,473	2,352	1,113
Tangible Book Value Per Share	14.29	13.86	13.00	12.13	8.04	3.80
Buildings	-	598.42	591.02	582.08	366.18	103.16
Machinery	-	2,040	1,414	1,338	958.92	376.82
Construction In Progress	-	441.18	508.22	193.55	386.13	139.04

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