SHE:300016 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	429.29	295.44	257.46	748.45	766.73	895.02
Trading Asset Securities	371.13	379.75	350.77	-	-	-
Cash & Short-Term Investments	800.42	675.18	608.23	748.45	766.73	895.02
Cash Growth	-4.07%	11.01%	-18.73%	-2.38%	-14.33%	-11.71%
Accounts Receivable	238.25	265.25	176.36	188.55	112.67	142.52
Other Receivables	0.84	8.07	9.54	5.87	8.39	5.81
Receivables	239.09	273.32	185.9	194.42	121.06	148.33
Inventory	355.93	383.75	362.09	244.86	276.22	250.01
Other Current Assets	51.57	44.56	14.95	9.07	14	12.72
Total Current Assets	1,447	1,377	1,171	1,197	1,178	1,306
Property, Plant & Equipment	1,140	1,125	976.03	876.23	840.46	795.3
Long-Term Investments	184.46	578.74	536.76	556.06	561.19	553.2
Goodwill	46.92	46.92	46.92	-	31.82	51.23
Other Intangible Assets	143.72	147.22	160.82	128.39	125.1	138.99
Long-Term Accounts Receivable	1.32	1.31	1.43	-	-	-
Long-Term Deferred Tax Assets	35.62	37	41.33	41.38	39.32	18.15
Long-Term Deferred Charges	25.12	25.27	24.94	17.2	36.95	32.4
Other Long-Term Assets	415.36	9.31	18.11	3.38	5.83	8.92
Total Assets	3,439	3,348	2,978	2,819	2,819	2,904
Accounts Payable	196.31	214.38	171.32	115.12	140.9	141.13
Accrued Expenses	14.65	55.08	44.5	34.89	32.05	26.06
Short-Term Debt	283.6	216.96	140.02	175.56	107.61	79.08
Current Portion of Long-Term Debt	23.45	37.55	49	12.4	10.09	20.13
Current Portion of Leases	-	0.92	3.26	3.04	2.74	0.27
Current Income Taxes Payable	18.76	7.84	-	-	-	0.01
Current Unearned Revenue	6.32	6.66	8.76	2.01	4.45	3.8
Other Current Liabilities	61.82	35.01	38.38	16.14	4.83	15.09
Total Current Liabilities	604.9	574.39	455.23	359.17	302.67	285.56
Long-Term Debt	265.89	248.79	600.24	592.55	516.28	476.1
Long-Term Leases	1.75	2.16	4.8	7.17	9.98	0.14
Long-Term Unearned Revenue	22.3	24.52	16.84	11.74	7.89	10.45
Long-Term Deferred Tax Liabilities	80.14	80.5	70.93	62.48	58.56	45.98
Total Liabilities	974.97	930.36	1,148	1,033	895.39	818.22
Common Stock	562.87	562.87	491.95	491.93	491.96	492.72
Additional Paid-In Capital	697.91	697.91	135.34	135.22	135.3	201.27
Retained Earnings	1,040	994.58	926.45	912.79	1,019	1,042
Treasury Stock	-	-	-	-	-0.1	-9.06
Comprehensive Income & Other	4.02	3.36	113.86	110.67	130.27	130.04
Total Common Equity	2,304	2,259	1,668	1,651	1,776	1,857
Minority Interest	159.93	158.45	161.9	135.69	146.88	229.03
Shareholders' Equity	2,464	2,417	1,829	1,786	1,923	2,086
Total Liabilities & Equity	3,439	3,348	2,978	2,819	2,819	2,904
Total Debt	574.69	506.37	797.32	790.72	646.71	575.72
Net Cash (Debt)	225.73	168.81	-189.09	-42.28	120.03	319.31
Net Cash Growth	-	-	-	-	-62.41%	2.79%
Net Cash Per Share	0.42	0.33	-0.42	-0.09	0.21	0.66
Filing Date Shares Outstanding	562.87	562.87	491.95	491.93	491.96	492.72
Total Common Shares Outstanding	562.87	562.87	491.95	491.93	491.96	492.72
Working Capital	842.1	802.42	715.95	837.62	875.34	1,021
Book Value Per Share	4.09	4.01	3.39	3.36	3.61	3.77
Tangible Book Value	2,114	2,065	1,460	1,522	1,619	1,667
Tangible Book Value Per Share	3.76	3.67	2.97	3.09	3.29	3.38
Buildings	-	699.61	700.49	561.7	557.21	532.04
Machinery	-	609.14	567.37	503.01	470.31	400.02
Construction In Progress	-	260.87	70.26	110.39	44.99	49

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