SHE:300180 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	267.8	185.7	422.27	436.98	415.86	480.8
Short-Term Investments	10.27	32.01	-	-	-	-
Trading Asset Securities	-	4	0.52	2.1	137	13.43
Cash & Short-Term Investments	278.07	221.72	422.79	439.08	552.86	494.23
Cash Growth	10.18%	-47.56%	-3.71%	-20.58%	11.86%	36.36%
Accounts Receivable	975.94	915.45	1,033	1,038	772.1	712.42
Other Receivables	10.36	17.57	9.08	65.89	47.67	17.42
Receivables	986.3	933.02	1,042	1,104	819.77	729.84
Inventory	751.46	716.49	836.17	717.46	988.22	937.98
Other Current Assets	116.22	97.73	115.66	124.1	131.71	272.48
Total Current Assets	2,132	1,969	2,417	2,385	2,493	2,435
Property, Plant & Equipment	3,126	3,220	3,598	3,980	4,328	4,332
Long-Term Investments	216.34	214.32	201.52	358.7	191.77	227.58
Goodwill	118.3	118.3	156.92	227.28	347.05	693.31
Other Intangible Assets	435.31	438.92	445.68	454.9	469.92	485.47
Long-Term Deferred Tax Assets	90.7	90.9	98.96	98.89	71.74	52.2
Long-Term Deferred Charges	35.16	37.99	38.11	32.99	28.07	26.31
Other Long-Term Assets	86.54	32.63	96.12	39.58	60.91	118.87
Total Assets	6,240	6,122	7,051	7,577	7,990	8,371
Accounts Payable	569.79	567.39	696.04	512.48	597.2	585.65
Accrued Expenses	47.34	71.54	82.4	67.5	65.13	83.86
Short-Term Debt	747.38	596.45	894.69	1,318	1,245	1,124
Current Portion of Long-Term Debt	-	-	457.37	263.49	235	210
Current Portion of Leases	3.37	3.61	5.07	3.56	6.01	3.78
Current Income Taxes Payable	9.52	0.02	0.01	0.42	0.02	0.1
Current Unearned Revenue	63.64	53.28	107.4	37.75	61.06	66.77
Other Current Liabilities	5.22	19.75	18.75	11.8	14.63	19.23
Total Current Liabilities	1,446	1,312	2,262	2,215	2,224	2,094
Long-Term Debt	-	-	-	620	779.91	864.9
Long-Term Leases	11.67	12.68	6.88	0.69	3.72	4.82
Long-Term Unearned Revenue	91.86	102.03	142.74	183.59	221.48	261.53
Long-Term Deferred Tax Liabilities	-	-	0.01	-	-	0
Other Long-Term Liabilities	9.29	9.29	6.86	1.59	0.55	0.55
Total Liabilities	1,559	1,436	2,418	3,021	3,229	3,225
Common Stock	1,761	1,761	1,761	1,761	1,761	1,761
Additional Paid-In Capital	2,584	2,584	2,584	2,584	2,584	2,584
Retained Earnings	393.33	397.26	339.3	268.18	479.97	834.25
Comprehensive Income & Other	-57.7	-59.76	-55.18	-60.59	-67.56	-37.8
Total Common Equity	4,681	4,683	4,630	4,553	4,758	5,142
Minority Interest	0.33	3.36	3.68	3.56	2.98	3.31
Shareholders' Equity	4,681	4,686	4,633	4,557	4,761	5,145
Total Liabilities & Equity	6,240	6,122	7,051	7,577	7,990	8,371
Total Debt	762.42	612.74	1,364	2,206	2,269	2,208
Net Cash (Debt)	-484.35	-391.03	-941.21	-1,766	-1,717	-1,714
Net Cash Per Share	-0.28	-0.22	-0.53	-1.00	-0.97	-1.09
Filing Date Shares Outstanding	1,761	1,761	1,761	1,761	1,761	1,761
Total Common Shares Outstanding	1,761	1,761	1,761	1,761	1,761	1,761
Working Capital	685.78	656.9	154.82	170.17	268.73	340.85
Book Value Per Share	2.66	2.66	2.63	2.59	2.70	2.92
Tangible Book Value	4,127	4,126	4,027	3,871	3,941	3,963
Tangible Book Value Per Share	2.34	2.34	2.29	2.20	2.24	2.25
Buildings	-	1,882	1,857	1,827	1,805	1,574
Machinery	-	4,640	4,709	4,701	4,207	3,596
Construction In Progress	-	84.09	62.19	86.15	501.09	936.53

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