SHE:300151 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	202.77	338.97	326.35	700.18	513.18	544.63
Short-Term Investments	-	111.71	94.07	4.35	-	-
Trading Asset Securities	379.07	261.61	165.73	197.34	111.72	112.93
Cash & Short-Term Investments	581.84	712.29	586.15	901.86	624.9	657.55
Cash Growth	10.39%	21.52%	-35.01%	44.32%	-4.97%	97.33%
Accounts Receivable	180.57	184.61	232.65	217.15	295.71	247.35
Other Receivables	1.07	2.44	11.38	8.37	11.44	23.76
Receivables	181.64	187.05	244.03	225.52	307.15	271.11
Inventory	163.52	169.24	170.11	144.62	189.15	187.13
Other Current Assets	159.95	83.41	74.13	62.53	38.69	12.97
Total Current Assets	1,087	1,152	1,074	1,335	1,160	1,129
Property, Plant & Equipment	1,164	1,173	956.7	859.85	729.32	472.64
Long-Term Investments	152.47	152.6	156.78	167.83	186.13	175.33
Goodwill	-	-	-	3.89	4.77	4.77
Other Intangible Assets	100.71	102.88	107.15	112.35	86.26	84.3
Long-Term Deferred Tax Assets	5.93	5.67	8.59	8.33	6.17	3.35
Long-Term Deferred Charges	68.26	69.75	69.13	50.37	15.02	16.99
Other Long-Term Assets	13.2	7.64	91.5	18.28	47.65	20.43
Total Assets	2,592	2,664	2,464	2,555	2,235	1,907
Accounts Payable	110.63	147.7	118.01	113.5	151.44	136.5
Accrued Expenses	18.97	34.6	35.89	22.74	49.05	30.47
Short-Term Debt	88.8	88.8	50	74.02	54	-
Current Portion of Long-Term Debt	45.44	48.04	40.35	46.42	13.8	1.38
Current Portion of Leases	-	5.19	7.46	14.4	19.83	14.72
Current Income Taxes Payable	10.38	10.63	17.36	9.58	10.52	3.91
Current Unearned Revenue	5.47	23.98	9.23	17.63	11.77	40.41
Other Current Liabilities	3.56	3.91	6.62	5.34	3.82	4.45
Total Current Liabilities	283.26	362.86	284.91	303.64	314.24	231.84
Long-Term Debt	602.96	599.46	468.16	503.57	497.63	432.39
Long-Term Leases	9.15	9.69	15.41	21.25	43.45	22.54
Long-Term Unearned Revenue	27.07	29.49	27.87	29.81	22.56	12.27
Long-Term Deferred Tax Liabilities	3.75	4.5	7.82	5.5	7.36	7.75
Other Long-Term Liabilities	3.74	3.74	1.38	0.95	0.73	1.26
Total Liabilities	929.92	1,010	805.54	864.73	885.97	708.04
Common Stock	532.51	532.51	532.51	532.51	502.51	502.51
Additional Paid-In Capital	534.75	530.47	528.76	532.38	134.34	110.7
Retained Earnings	528.95	512	487.35	443.96	512.81	473.83
Treasury Stock	-	-	-	-	-	-53.75
Comprehensive Income & Other	59.01	68.49	82.29	132.83	145.83	126.57
Total Common Equity	1,655	1,643	1,631	1,642	1,295	1,160
Minority Interest	6.61	10.6	27.82	49.04	53.74	38.68
Shareholders' Equity	1,662	1,654	1,659	1,691	1,349	1,199
Total Liabilities & Equity	2,592	2,664	2,464	2,555	2,235	1,907
Total Debt	746.35	751.18	581.37	659.66	628.71	471.02
Net Cash (Debt)	-164.51	-38.89	4.78	242.21	-3.81	186.54
Net Cash Growth	-	-	-98.03%	-	-	-40.37%
Net Cash Per Share	-0.31	-0.07	0.01	0.46	-0.01	0.42
Filing Date Shares Outstanding	565.15	532.51	532.51	532.51	502.51	497.11
Total Common Shares Outstanding	565.15	532.51	532.51	532.51	502.51	497.11
Working Capital	803.68	789.13	789.5	1,031	845.65	896.92
Book Value Per Share	2.93	3.09	3.06	3.08	2.58	2.33
Tangible Book Value	1,555	1,541	1,524	1,525	1,204	1,071
Tangible Book Value Per Share	2.75	2.89	2.86	2.86	2.40	2.15
Buildings	-	449.28	326.05	284.22	138.46	144.04
Machinery	-	612.2	594.02	570.05	532.2	487.45
Construction In Progress	-	432.84	332.8	333.02	324.99	96.89

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