SHE:300121 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	663.22	548.68	546.35	534.64	374.57	201.7
Short-Term Investments	-	-	-	140	35	-
Trading Asset Securities	-	100.36	208.18	343.41	85.48	-
Cash & Short-Term Investments	663.22	649.05	754.53	1,018	495.05	201.7
Cash Growth	-26.19%	-13.98%	-25.88%	105.64%	145.44%	15.92%
Accounts Receivable	1,170	1,195	1,206	1,235	1,186	843.23
Other Receivables	23.75	16.4	21.09	60.92	56.79	9.19
Receivables	1,194	1,212	1,227	1,295	1,243	852.42
Inventory	557.13	490.82	492.63	402.48	414.61	305.56
Other Current Assets	119.78	96.81	93.53	60.52	53.5	54.61
Total Current Assets	2,534	2,448	2,568	2,777	2,206	1,414
Property, Plant & Equipment	1,647	1,622	1,537	1,382	1,115	1,078
Long-Term Investments	56.93	55.39	56.64	53.04	53.91	51.5
Goodwill	14.51	14.51	14.51	-	-	-
Other Intangible Assets	214.2	217.29	195.6	109.76	85.94	74.2
Long-Term Deferred Tax Assets	29.25	32.35	38.81	30.86	27.23	14.67
Long-Term Deferred Charges	-	-	8.17	13.22	1.57	2.13
Other Long-Term Assets	141.12	136.98	63.59	51.84	52.35	22.21
Total Assets	4,638	4,526	4,482	4,417	3,542	2,657
Accounts Payable	269.51	252.14	322.8	439.92	461.13	380.45
Accrued Expenses	28.3	36.35	36.91	26.07	24.07	21.05
Short-Term Debt	227.08	207.03	218.05	124.14	100	254.35
Current Portion of Long-Term Debt	2.53	1.78	1.11	0.84	-	-
Current Portion of Leases	-	-	20.08	38.56	35.6	0.54
Current Income Taxes Payable	34.13	16.49	9.03	20.2	29.77	32.01
Current Unearned Revenue	12.25	5.12	5.32	4.34	12.49	8.64
Other Current Liabilities	5.78	10.39	47.51	8.86	9.39	9.07
Total Current Liabilities	579.6	529.29	660.81	662.92	672.46	706.12
Long-Term Debt	311.58	308.16	250.25	497.93	-	-
Long-Term Leases	-	-	-	20.51	59.07	1.67
Long-Term Unearned Revenue	30.27	31.54	35.24	24.35	24.98	19.67
Long-Term Deferred Tax Liabilities	15.08	15.66	18.21	3.65	5.87	1.59
Other Long-Term Liabilities	0.17	0.17	2.53	-	-	-
Total Liabilities	936.69	884.82	967.03	1,209	762.38	729.05
Common Stock	445.23	445.23	448.71	408.99	404.77	375.13
Additional Paid-In Capital	1,362	1,362	1,407	1,053	1,012	670.39
Retained Earnings	1,811	1,751	1,615	1,577	1,353	875.35
Treasury Stock	-54.86	-54.86	-54.86	-2.29	-	-
Comprehensive Income & Other	104.21	105.33	97.47	171.41	9.65	7.06
Total Common Equity	3,667	3,608	3,514	3,208	2,779	1,928
Minority Interest	33.67	33.36	1.23	0	-	-
Shareholders' Equity	3,701	3,642	3,515	3,208	2,779	1,928
Total Liabilities & Equity	4,638	4,526	4,482	4,417	3,542	2,657
Total Debt	541.19	516.97	489.49	681.97	194.67	256.56
Net Cash (Debt)	122.03	132.08	265.04	336.07	300.38	-54.86
Net Cash Growth	-50.20%	-50.17%	-21.14%	11.88%	-	-
Net Cash Per Share	0.28	0.30	0.65	0.81	0.78	-0.15
Filing Date Shares Outstanding	461.86	437.95	441.43	403.25	404.77	369.02
Total Common Shares Outstanding	461.86	437.95	441.42	408.73	404.77	369.02
Working Capital	1,955	1,919	1,907	2,114	1,533	708.16
Book Value Per Share	7.94	8.24	7.96	7.85	6.87	5.22
Tangible Book Value	3,439	3,376	3,304	3,098	2,693	1,854
Tangible Book Value Per Share	7.44	7.71	7.48	7.58	6.65	5.02
Buildings	-	985.08	903.07	694.29	691.16	643.04
Machinery	-	1,417	1,335	979.88	954.1	797.08
Construction In Progress	-	358.38	267.36	492.83	126.38	218.45

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