SHE:300131 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	557.15	525.55	522.77	615.07	610.44	550.47
Trading Asset Securities	1.34	1.74	-	-	-	-
Cash & Short-Term Investments	558.49	527.28	522.77	615.07	610.44	550.47
Cash Growth	13.11%	0.86%	-15.01%	0.76%	10.90%	20.68%
Accounts Receivable	942.07	1,036	988.4	1,115	1,044	1,064
Other Receivables	11.05	11.66	11.77	13.5	50.69	65.21
Receivables	953.12	1,048	1,000	1,129	1,094	1,129
Inventory	685.29	567.38	644.46	750.61	887.41	826.23
Prepaid Expenses	-	-	9.04	4.99	1.41	-
Other Current Assets	73.3	60.38	57.62	66.41	77.39	83.47
Total Current Assets	2,270	2,203	2,234	2,566	2,671	2,589
Property, Plant & Equipment	196.68	184.35	159.18	167.94	168.19	183.64
Long-Term Investments	157.26	157.61	150.44	150.6	181.21	190.24
Goodwill	378.29	378.29	378.29	308.85	308.85	308.93
Other Intangible Assets	492.59	518.31	444.92	347.5	86.19	103.35
Long-Term Deferred Tax Assets	52.14	56.34	59.68	53.28	41.25	35.11
Long-Term Deferred Charges	57.35	49.71	49.79	26.55	6.87	9.4
Other Long-Term Assets	68.79	84.3	117.95	65.94	41.46	42.08
Total Assets	3,673	3,632	3,594	3,687	3,505	3,462
Accounts Payable	520.71	462.88	564.35	582.84	457.76	558.98
Accrued Expenses	19.78	22.24	44.71	37.3	36.95	35.5
Short-Term Debt	934.43	916.09	665.3	751.33	697.32	653.39
Current Portion of Long-Term Debt	114.43	115.06	6.01	6.51	60.15	104.54
Current Portion of Leases	-	-	9.01	16.34	11.11	10.63
Current Income Taxes Payable	16.19	24.66	10.03	1.12	4.3	34.61
Current Unearned Revenue	15.78	14.71	10.91	35.28	14.84	31.67
Other Current Liabilities	257.92	257.94	401.26	316.68	303.53	435.85
Total Current Liabilities	1,879	1,814	1,712	1,747	1,586	1,865
Long-Term Debt	38.86	41.35	48.65	59.37	25.86	87.38
Long-Term Leases	22.31	24.21	12.17	20.67	22.75	34.24
Pension & Post-Retirement Benefits	-	-	6	9.05	10.17	10.72
Long-Term Deferred Tax Liabilities	8.67	9.64	7.61	10.77	11.78	6.77
Other Long-Term Liabilities	3.76	3.89	67.39	129.09	0.57	0.35
Total Liabilities	1,953	1,893	1,853	1,976	1,657	2,005
Common Stock	1,135	1,135	1,135	1,138	1,138	1,070
Additional Paid-In Capital	33.71	33.71	33.71	49.12	271.57	51.31
Retained Earnings	601.28	597.2	570.79	510.51	455.64	397.3
Comprehensive Income & Other	-44.25	-22.83	3.68	9.9	38.82	-32.58
Total Common Equity	1,726	1,743	1,743	1,707	1,904	1,486
Minority Interest	-5.3	-3.98	-2.28	3.25	-55.83	-28.22
Shareholders' Equity	1,720	1,739	1,741	1,710	1,848	1,457
Total Liabilities & Equity	3,673	3,632	3,594	3,687	3,505	3,462
Total Debt	1,110	1,097	741.15	854.22	817.19	890.18
Net Cash (Debt)	-551.54	-569.43	-218.37	-239.15	-206.74	-339.71
Net Cash Per Share	-0.42	-0.43	-0.18	-0.22	-0.18	-0.35
Filing Date Shares Outstanding	1,132	1,372	1,135	1,138	1,138	1,070
Total Common Shares Outstanding	1,132	1,372	1,135	1,138	1,138	1,070
Working Capital	390.95	389.3	522.48	818.66	1,085	724.06
Book Value Per Share	1.52	1.27	1.54	1.50	1.67	1.39
Tangible Book Value	854.87	846.49	919.98	1,051	1,509	1,073
Tangible Book Value Per Share	0.76	0.62	0.81	0.92	1.33	1.00
Buildings	-	-	206.39	228.61	214.58	224.21
Machinery	-	-	288.72	284.14	291.15	312.34
Construction In Progress	-	-	-	1.64	22.43	11.31

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