SHE:300172 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	158.54	198.08	117.1	263.89	148.09	48.1
Short-Term Investments	-	464.85	-	-	-	-
Trading Asset Securities	346.2	443.28	629.65	455.33	508.32	594.51
Cash & Short-Term Investments	504.75	1,106	746.74	719.21	656.41	642.62
Cash Growth	-38.57%	48.14%	3.83%	9.57%	2.15%	9.80%
Accounts Receivable	820.66	835.85	954.09	1,041	938.72	854.7
Other Receivables	22.08	16.06	17.04	16	20.68	20.96
Receivables	842.74	851.9	971.13	1,057	959.4	875.66
Inventory	160.88	122.01	96.56	61.59	73.06	35.84
Prepaid Expenses	-	42.93	47.65	57.29	63.31	78.64
Other Current Assets	679.43	44.66	23.41	38.94	40.08	35.15
Total Current Assets	2,188	2,168	1,886	1,934	1,792	1,668
Property, Plant & Equipment	128.56	129.84	145.38	153.77	169.64	194.11
Long-Term Investments	74.96	74.54	69.83	65.85	59.74	56.36
Goodwill	-	-	-	-	-	42.08
Other Intangible Assets	464.5	474.35	558.98	684.74	787.51	759.16
Long-Term Deferred Tax Assets	28.4	29.82	33.41	31.13	27.74	24.69
Other Long-Term Assets	32.97	32.33	22.77	22.45	40.44	35.21
Total Assets	2,917	2,909	2,716	2,892	2,877	2,780
Accounts Payable	455.44	477.48	496.25	566.76	589.33	506.34
Accrued Expenses	0.2	6.22	2.81	3.33	6.06	7.79
Short-Term Debt	1	2	4	61.06	54.05	37.04
Current Portion of Long-Term Debt	5.06	5.06	5.07	35.54	92.05	16.23
Current Income Taxes Payable	7.58	2.4	5.29	4.74	6.93	3.55
Current Unearned Revenue	278.41	272.47	107.32	104.45	103.9	43.16
Other Current Liabilities	60.98	59.29	48.46	40.48	31.39	21.87
Total Current Liabilities	808.67	824.92	669.21	816.36	883.71	635.98
Long-Term Debt	70	70	75	150.78	101.1	277.57
Long-Term Unearned Revenue	28.78	29.64	32.98	40.63	43.09	49.49
Long-Term Deferred Tax Liabilities	5.35	4.88	5.1	5.32	5.68	6.47
Other Long-Term Liabilities	1.74	1.85	1.42	1.62	12.82	13.7
Total Liabilities	914.55	931.29	783.71	1,015	1,046	983.21
Common Stock	676.71	676.71	676.71	676.71	676.71	676.71
Additional Paid-In Capital	43.78	43.78	43.54	44.34	44.34	44.34
Retained Earnings	1,238	1,211	1,163	1,109	1,057	1,015
Total Common Equity	1,958	1,931	1,883	1,830	1,778	1,736
Minority Interest	44.48	46.04	48.98	47.19	52.78	60.58
Shareholders' Equity	2,003	1,977	1,932	1,877	1,831	1,796
Total Liabilities & Equity	2,917	2,909	2,716	2,892	2,877	2,780
Total Debt	76.06	77.06	84.08	247.37	247.21	330.84
Net Cash (Debt)	428.69	1,029	662.67	471.84	409.2	311.78
Net Cash Growth	-41.88%	55.30%	40.44%	15.31%	31.25%	3.62%
Net Cash Per Share	0.63	1.51	0.98	0.71	0.59	0.47
Filing Date Shares Outstanding	676.71	676.71	676.71	676.71	676.71	676.71
Total Common Shares Outstanding	676.71	676.71	676.71	676.71	676.71	676.71
Working Capital	1,379	1,343	1,216	1,118	908.54	1,032
Book Value Per Share	2.89	2.85	2.78	2.70	2.63	2.56
Tangible Book Value	1,494	1,457	1,324	1,145	990.63	934.49
Tangible Book Value Per Share	2.21	2.15	1.96	1.69	1.46	1.38
Buildings	-	155.5	163.48	164.04	95.67	102.3
Machinery	-	83.52	83.65	83.73	81.37	69.71
Construction In Progress	-	0.32	0.32	0.32	73.99	94.39
Order Backlog	-	229.11	-	-	-	-

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