SHE:300154 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	855.05	916.11	968.43	906.5	904.92	1,188
Trading Asset Securities	506.12	491.55	341.91	357.09	216.63	117.35
Cash & Short-Term Investments	1,361	1,408	1,310	1,264	1,122	1,305
Cash Growth	1.31%	7.43%	3.70%	12.67%	-14.07%	-4.21%
Accounts Receivable	303.29	243.88	303.83	240.07	204.85	216.94
Other Receivables	10.43	46.79	10.85	9.75	10.05	28.25
Receivables	313.71	290.67	314.68	249.81	214.9	245.19
Inventory	299.48	280.25	235.61	178.05	200.96	235.76
Prepaid Expenses	-	1.58	7.98	1.05	0.09	0.61
Other Current Assets	56.59	11.38	21.09	36.36	23.49	33.66
Total Current Assets	2,031	1,992	1,890	1,729	1,561	1,820
Property, Plant & Equipment	650.36	643.11	221.93	218.34	239.55	210.5
Long-Term Investments	35.49	34.71	31.16	30.53	28.92	23.74
Goodwill	7.29	7.29	7.29	7.29	7.29	7.29
Other Intangible Assets	83.01	83.45	85.95	88.86	91.96	34.14
Long-Term Deferred Tax Assets	14.04	14.62	12.17	19.19	21.73	10.14
Long-Term Deferred Charges	4.65	5.32	7.32	8.05	3.77	4.02
Other Long-Term Assets	32.16	32.4	329.03	332.72	163.04	32.27
Total Assets	2,858	2,812	2,585	2,434	2,117	2,143
Accounts Payable	295.28	282.09	300.08	234.44	213.01	301.16
Accrued Expenses	14.99	29.84	20.47	19.61	23.16	23.51
Short-Term Debt	77.75	68.68	26.76	6.39	8.79	10.99
Current Portion of Long-Term Debt	37.39	14.16	34.68	12.18	0.05	0.12
Current Portion of Leases	-	23.46	25.95	31.7	33.48	24.89
Current Income Taxes Payable	10.91	4.37	12.96	8.04	6.75	1.77
Current Unearned Revenue	72.71	53.85	14.64	14.44	24.25	36.64
Other Current Liabilities	76.19	95.71	41.43	21.07	28.95	23.76
Total Current Liabilities	585.22	572.15	476.98	347.85	338.44	422.84
Long-Term Debt	372.35	347.76	243.44	273.11	0.08	-
Long-Term Leases	18.83	23.81	15.42	34.22	41.9	27.66
Long-Term Unearned Revenue	15.4	15.55	11.39	5.7	6.95	11.27
Long-Term Deferred Tax Liabilities	19.99	21.84	16.59	12.35	11.96	2.33
Other Long-Term Liabilities	5.56	5.35	6.1	5.52	5.29	5.73
Total Liabilities	1,017	986.45	769.91	678.76	404.62	469.83
Common Stock	449.56	449.56	449.56	454.42	455.3	455.3
Additional Paid-In Capital	716.27	716.27	716.27	736.04	739.84	733.25
Retained Earnings	603.12	575.25	560.7	500.5	467.74	474.38
Treasury Stock	-	-	-	-25.17	-32.28	-32.28
Comprehensive Income & Other	31.2	44.78	42.25	42.66	28.05	-9.51
Total Common Equity	1,800	1,786	1,769	1,708	1,659	1,621
Minority Interest	40.45	40.17	45.9	46.64	54	51.54
Shareholders' Equity	1,841	1,826	1,815	1,755	1,713	1,673
Total Liabilities & Equity	2,858	2,812	2,585	2,434	2,117	2,143
Total Debt	506.33	477.86	346.24	357.6	84.3	63.66
Net Cash (Debt)	854.84	929.79	964.09	905.99	1,037	1,242
Net Cash Growth	-14.58%	-3.56%	6.41%	-12.65%	-16.46%	-7.29%
Net Cash Per Share	1.86	2.05	2.12	1.98	2.36	2.76
Filing Date Shares Outstanding	464.6	449.56	449.56	450.52	389.93	431.95
Total Common Shares Outstanding	464.6	449.56	449.56	450.52	389.93	431.95
Working Capital	1,446	1,419	1,413	1,381	1,223	1,398
Book Value Per Share	3.87	3.97	3.93	3.79	4.25	3.75
Tangible Book Value	1,710	1,695	1,676	1,612	1,559	1,580
Tangible Book Value Per Share	3.68	3.77	3.73	3.58	4.00	3.66
Buildings	-	404.95	122.41	122.26	130.24	130.24
Machinery	-	171.62	168.75	145.67	124.05	111.04
Construction In Progress	-	164.35	20.69	0.45	-	0.25

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