SHE:300019 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Cash & Equivalents	721.37	909.13	932.24	898.27	728.49	934.05
Short-Term Investments	54.46	163.3	21.97	-	-	-
Trading Asset Securities	110.18	70.1	-	100.32	224.19	-
Cash & Short-Term Investments	886.01	1,143	954.21	998.59	952.68	934.05
Cash Growth	19.50%	19.74%	-4.44%	4.82%	1.99%	212.74%
Accounts Receivable	910.41	958.94	1,057	731.85	716.25	824.09
Other Receivables	9.01	57.81	73.61	4.32	4.67	5.73
Receivables	919.42	1,017	1,131	736.17	720.92	829.82
Inventory	611.03	466.16	482.16	314.9	275.94	369.76
Other Current Assets	131.08	32.05	72.15	32.24	11.31	48.07
Total Current Assets	2,548	2,657	2,639	2,082	1,961	2,182
Property, Plant & Equipment	1,086	1,092	1,060	792.9	672.63	626.5
Long-Term Investments	87.74	86.88	135.56	153.75	-	-
Goodwill	73.1	73.1	73.1	44.57	44.57	44.57
Other Intangible Assets	126.78	124.14	118.71	90.26	93.73	84.13
Long-Term Deferred Tax Assets	31.26	30.99	19.53	16.26	13.29	14.27
Long-Term Deferred Charges	27.99	26.69	26.6	21.29	1.61	0.8
Other Long-Term Assets	4.39	10.28	17.44	19.58	32.64	11.41
Total Assets	3,985	4,102	4,090	3,221	2,819	2,963
Accounts Payable	648.68	758.16	834.47	336.18	196.31	605.44
Accrued Expenses	29.15	136.03	111.14	57.96	68.09	72.1
Short-Term Debt	140.07	175.11	251.19	275.67	234.5	82
Current Portion of Long-Term Debt	9.3	19.01	23.02	2.8	-	-
Current Portion of Leases	-	2.34	0.98	1.15	1.25	1.33
Current Income Taxes Payable	27.78	22.3	13.15	12.23	11.9	12.93
Current Unearned Revenue	106.22	62.06	62.54	41.47	33.81	49.14
Other Current Liabilities	149.78	100.41	189.04	10.35	18.15	24.82
Total Current Liabilities	1,111	1,275	1,486	737.81	564.01	847.76
Long-Term Debt	-	-	-	17.22	-	-
Long-Term Leases	6.59	7	0.51	0.95	1.93	2.92
Long-Term Unearned Revenue	83.62	83.59	32.48	20.53	22.66	24.57
Long-Term Deferred Tax Liabilities	8.49	8.66	8.53	3.74	4.11	4.34
Other Long-Term Liabilities	20.82	18.4	3.5	1.69	1.62	2.14
Total Liabilities	1,230	1,393	1,531	781.94	594.35	881.72
Common Stock	393.12	393.12	393.12	391.06	391.09	391.13
Additional Paid-In Capital	823.45	823.45	833.74	837.06	826.01	824.42
Retained Earnings	1,529	1,483	1,323	1,202	1,005	871.65
Treasury Stock	-	-	-	-	-1.29	-8.27
Comprehensive Income & Other	8.9	9.04	10.25	7.98	4.53	2.72
Total Common Equity	2,755	2,709	2,560	2,439	2,225	2,082
Shareholders' Equity	2,755	2,709	2,560	2,439	2,225	2,082
Total Liabilities & Equity	3,985	4,102	4,090	3,221	2,819	2,963
Total Debt	155.95	203.46	275.68	297.8	237.68	86.25
Net Cash (Debt)	730.06	939.07	678.53	700.79	714.99	847.8
Net Cash Growth	99.44%	38.40%	-3.18%	-1.99%	-15.67%	-
Net Cash Per Share	1.86	2.39	1.73	1.79	1.83	2.22
Filing Date Shares Outstanding	393.12	393.12	393.12	391.06	391.13	391.07
Total Common Shares Outstanding	393.12	393.12	393.12	391.06	391.13	391.07
Working Capital	1,437	1,382	1,154	1,344	1,397	1,334
Book Value Per Share	7.01	6.89	6.51	6.24	5.69	5.32
Tangible Book Value	2,555	2,512	2,368	2,304	2,087	1,953
Tangible Book Value Per Share	6.50	6.39	6.02	5.89	5.34	4.99
Buildings	-	799.44	662.5	476.91	468.15	412.22
Machinery	-	813.88	700.01	496.81	421.11	397.2
Construction In Progress	-	44.99	186.85	178.18	108.05	92.06

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