SHE:300161 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	367.13	426.25	624.43	693.19	548.92	854.7
Trading Asset Securities	-	-	-	7.27	8.11	5.04
Cash & Short-Term Investments	367.13	426.25	624.43	700.47	557.02	859.73
Cash Growth	4.79%	-31.74%	-10.86%	25.75%	-35.21%	41.71%
Accounts Receivable	823.14	906.11	695	1,195	987.15	763.81
Other Receivables	68.82	57.75	165.34	64.43	64.89	63.1
Receivables	891.96	963.86	860.34	1,259	1,052	826.91
Inventory	1,123	1,010	1,156	900.78	975.74	883.02
Other Current Assets	172.54	153.61	177.58	157.27	145.84	108.54
Total Current Assets	2,555	2,554	2,819	3,018	2,731	2,678
Property, Plant & Equipment	1,188	1,177	1,155	743.77	445.5	377.95
Long-Term Investments	66.31	64.24	78.5	44.72	41.53	29.22
Goodwill	0.52	0.52	0.52	27.36	26.83	26.35
Other Intangible Assets	443.78	453.96	460.4	370.23	275.85	141.17
Long-Term Deferred Tax Assets	76.39	76.37	83.84	80.04	77.42	56.81
Long-Term Deferred Charges	177.55	160.21	99.32	129.02	137.4	76.56
Other Long-Term Assets	134.34	130.69	25.72	7.88	14.15	12.42
Total Assets	4,641	4,617	4,722	4,421	3,749	3,399
Accounts Payable	745.4	694.56	702.31	801.53	629.09	488.46
Accrued Expenses	16.93	34.26	41.81	47.23	54.45	48.63
Short-Term Debt	211.81	184.8	482.4	560.18	604.63	425.79
Current Portion of Long-Term Debt	311.95	301.95	89.72	78.4	50.09	91.93
Current Portion of Leases	-	-	8.37	17.87	16.82	15.01
Current Income Taxes Payable	4.55	31.65	12.17	11.36	15.5	2.72
Current Unearned Revenue	193.11	168.75	159.43	191.49	195.39	166.1
Other Current Liabilities	221.59	190.01	193.82	96.79	91.49	74.24
Total Current Liabilities	1,705	1,606	1,690	1,805	1,657	1,313
Long-Term Debt	817.36	780.69	900.11	447.19	51.28	50
Long-Term Leases	19.69	20.77	24.78	52.37	60.14	59.37
Long-Term Unearned Revenue	365.34	390.25	323.19	224.01	104.18	145.31
Long-Term Deferred Tax Liabilities	7.81	7.81	8.44	16.24	18.61	6.37
Other Long-Term Liabilities	13.98	20.28	-	-	-	-
Total Liabilities	2,930	2,826	2,947	2,545	1,892	1,574
Common Stock	198.7	198.7	198.7	198.7	198.7	198.7
Additional Paid-In Capital	1,141	1,136	1,134	1,136	1,146	1,146
Retained Earnings	202.24	281.31	266.98	326.31	303.19	289.01
Comprehensive Income & Other	1.48	0.81	-0.9	-0.39	0.02	-
Total Common Equity	1,544	1,617	1,598	1,661	1,648	1,633
Minority Interest	168.05	174.34	177.07	215.32	210.15	191.41
Shareholders' Equity	1,712	1,791	1,775	1,876	1,858	1,825
Total Liabilities & Equity	4,641	4,617	4,722	4,421	3,749	3,399
Total Debt	1,361	1,288	1,505	1,156	782.95	642.09
Net Cash (Debt)	-993.69	-861.96	-880.96	-455.55	-225.93	217.64
Net Cash Per Share	-5.00	-4.34	-4.43	-2.29	-1.14	1.16
Filing Date Shares Outstanding	198.67	198.96	198.7	198.7	198.7	198.7
Total Common Shares Outstanding	198.67	198.96	198.7	198.7	198.7	198.7
Working Capital	849.44	948.05	1,129	1,213	1,073	1,365
Book Value Per Share	7.77	8.13	8.04	8.36	8.29	8.22
Tangible Book Value	1,099	1,162	1,137	1,263	1,345	1,466
Tangible Book Value Per Share	5.53	5.84	5.72	6.36	6.77	7.38
Buildings	-	-	604.55	210.63	201.75	201.39
Machinery	-	-	659.11	607.21	427.9	372.92
Construction In Progress	-	-	284.9	236.28	85.47	35.55
Order Backlog	-	-	660.03	-	-	-

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