SHE:300177 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	Dec '21 Dec 31, 2021
Cash & Equivalents	518.53	492.33	337.23	434.1	423.18	671.97
Trading Asset Securities	-	-	147.69	105.24	130.55	-
Cash & Short-Term Investments	518.53	492.33	484.92	539.34	553.73	671.97
Cash Growth	27.15%	1.53%	-10.09%	-2.60%	-17.60%	15.75%
Accounts Receivable	782.54	817.83	1,088	1,251	1,483	1,419
Other Receivables	46.46	46.66	40.55	50.79	58.13	71.53
Receivables	829	864.49	1,128	1,302	1,541	1,491
Inventory	448.34	444.89	397.63	395.33	454.92	495.75
Prepaid Expenses	-	-	19.28	23.47	20.89	12.78
Other Current Assets	76.43	96.2	49.83	36.32	26.89	30.53
Total Current Assets	1,872	1,898	2,080	2,297	2,597	2,702
Property, Plant & Equipment	296.17	303.57	374.23	335.2	303.94	398.25
Long-Term Investments	140.95	144.93	213.45	282.17	415.44	310.33
Goodwill	34.51	34.51	39.25	45.92	119.98	130.19
Other Intangible Assets	184	189.81	171.33	196.92	197.07	223.2
Long-Term Accounts Receivable	-	-	-	-	0.17	0.25
Long-Term Deferred Tax Assets	148.57	146.65	132.15	93.04	106.7	134.51
Long-Term Deferred Charges	15.91	11.38	48.18	26.72	23.79	14.67
Other Long-Term Assets	7.96	8.14	5.44	5.77	26.96	125.04
Total Assets	2,700	2,737	3,064	3,282	3,792	4,038
Accounts Payable	439.89	511.22	592.44	584.75	467.73	383.19
Accrued Expenses	113.96	118.18	153.63	192.76	160.82	155.59
Short-Term Debt	409.49	335.83	346.95	497.51	484.69	403.07
Current Portion of Long-Term Debt	19.14	19.71	8.55	-	-	7.02
Current Portion of Leases	-	-	6.48	9.8	9.08	8.49
Current Income Taxes Payable	6.02	18.12	5.82	9.02	9.78	27.25
Current Unearned Revenue	235.33	222.15	195.48	175.21	167.1	164.5
Other Current Liabilities	111.54	122.48	76.61	121.21	122.24	76.6
Total Current Liabilities	1,335	1,348	1,386	1,590	1,421	1,226
Long-Term Debt	99.82	94.21	66.52	10.32	-	47.28
Long-Term Leases	7.2	6.11	8.58	11.2	16.08	21.74
Long-Term Unearned Revenue	7.89	7.89	14.25	15.35	13	18.04
Long-Term Deferred Tax Liabilities	0.92	0.97	1.15	-	4.35	2.87
Other Long-Term Liabilities	15.77	15.77	19.42	24.15	32.94	34.64
Total Liabilities	1,467	1,473	1,496	1,651	1,488	1,350
Common Stock	744.17	744.17	744.17	744.17	744.17	744.17
Additional Paid-In Capital	980.03	979.97	986.69	1,087	1,102	1,194
Retained Earnings	-433.94	-404.77	-171.86	-159.41	267.2	386.53
Comprehensive Income & Other	-27.95	-27.94	1.22	1.57	-1.71	-2.66
Total Common Equity	1,262	1,291	1,560	1,673	2,112	2,322
Minority Interest	-28.91	-27.17	7.95	-42.03	192.1	366.24
Shareholders' Equity	1,233	1,264	1,568	1,631	2,304	2,688
Total Liabilities & Equity	2,700	2,737	3,064	3,282	3,792	4,038
Total Debt	535.66	455.87	437.09	528.83	509.85	487.59
Net Cash (Debt)	-17.13	36.46	47.84	10.5	43.88	184.38
Net Cash Growth	-	-23.79%	355.45%	-76.06%	-76.20%	128.36%
Net Cash Per Share	-0.02	0.05	0.06	0.01	0.06	0.25
Filing Date Shares Outstanding	744.11	744.61	744.17	744.17	744.17	744.17
Total Common Shares Outstanding	744.11	744.61	744.17	744.17	744.17	744.17
Working Capital	536.93	550.21	694.06	706.36	1,176	1,476
Book Value Per Share	1.70	1.73	2.10	2.25	2.84	3.12
Tangible Book Value	1,044	1,067	1,350	1,430	1,795	1,969
Tangible Book Value Per Share	1.40	1.43	1.81	1.92	2.41	2.65
Buildings	-	-	367.32	155.84	190.22	342.89
Machinery	-	-	180.4	188.87	190.09	200.28
Construction In Progress	-	-	-	165.8	95.98	11.53

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