SHE:300188 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	1,057	1,442	1,274	1,333	1,431	922.98
Cash & Short-Term Investments	1,057	1,442	1,274	1,333	1,431	922.98
Cash Growth	-1.60%	13.18%	-4.46%	-6.82%	55.04%	-24.89%
Accounts Receivable	1,026	1,133	1,527	1,650	1,712	1,234
Other Receivables	67.83	-	-	-	-	100.91
Receivables	1,094	1,140	1,534	1,659	1,718	1,335
Inventory	302.18	262.51	394.03	619.47	610.28	606.02
Prepaid Expenses	-	0.74	0.76	3.63	0.87	1.85
Other Current Assets	205.58	118.45	77.68	96.91	135.48	130.81
Total Current Assets	2,658	2,963	3,281	3,712	3,896	2,996
Property, Plant & Equipment	596.85	606.45	670.07	510.9	530.16	579.8
Long-Term Investments	337.44	348.63	367.11	328.46	347.75	344.54
Goodwill	89.01	89.01	271.11	434.78	542.2	542.2
Other Intangible Assets	139.19	166.67	274.55	265.78	262.32	179.16
Long-Term Accounts Receivable	-	47.14	96.39	117.01	66.72	29.35
Long-Term Deferred Tax Assets	121.56	130.03	207.47	179.86	109.91	68.44
Long-Term Deferred Charges	100.39	121.64	59.52	130.72	145.99	154.59
Other Long-Term Assets	134.73	58.13	51.29	-	-	0.94
Total Assets	4,178	4,531	5,278	5,679	5,901	4,895
Accounts Payable	499.62	657.19	643.74	692.08	613.86	430.2
Accrued Expenses	43.72	122.39	70.04	99.65	109.71	245.55
Short-Term Debt	96.07	107.59	40.02	100.86	336.57	55.46
Current Portion of Long-Term Debt	-	1.3	-	-	-	2.62
Current Portion of Leases	13.85	14.1	26.99	20.84	16.85	22.64
Current Income Taxes Payable	5.3	4.86	4.66	3.41	15.25	20.61
Current Unearned Revenue	402.29	317.38	354.84	429.12	311.77	314.93
Other Current Liabilities	30.39	42.02	38.23	26.73	21.46	52.72
Total Current Liabilities	1,091	1,267	1,179	1,373	1,425	1,145
Long-Term Debt	64.05	63.14	49.43	49.83	-	17.99
Long-Term Leases	293.42	301.01	328.85	103.38	92.7	96.84
Long-Term Unearned Revenue	39.36	39.18	52.28	50.43	51.59	59.28
Long-Term Deferred Tax Liabilities	37.28	39.01	63.27	38.56	23.34	12.37
Other Long-Term Liabilities	2.25	2.25	-	-	-	-
Total Liabilities	1,528	1,711	1,672	1,615	1,593	1,331
Common Stock	859.48	859.48	859.48	859.48	859.48	807.09
Additional Paid-In Capital	1,325	1,325	1,334	1,334	1,337	745.4
Retained Earnings	306.81	458.73	1,241	1,657	1,901	1,850
Treasury Stock	-50	-50	-	-	-	-29.46
Comprehensive Income & Other	55.48	64.67	74.02	108.66	108.19	106.19
Total Common Equity	2,496	2,657	3,508	3,959	4,206	3,479
Minority Interest	153.73	162.15	97.72	105.17	102.08	85.06
Shareholders' Equity	2,650	2,820	3,606	4,065	4,308	3,564
Total Liabilities & Equity	4,178	4,531	5,278	5,679	5,901	4,895
Total Debt	467.38	487.13	445.29	274.92	446.12	195.56
Net Cash (Debt)	589.52	954.7	828.65	1,058	984.87	727.42
Net Cash Growth	-6.72%	15.21%	-21.71%	7.47%	35.39%	-39.62%
Net Cash Per Share	0.69	1.11	0.96	1.24	1.20	0.91
Filing Date Shares Outstanding	855.69	855.69	859.48	859.48	859.48	807.12
Total Common Shares Outstanding	855.69	855.69	859.48	859.48	859.48	807.09
Working Capital	1,567	1,697	2,102	2,339	2,471	1,852
Book Value Per Share	2.92	3.11	4.08	4.61	4.89	4.31
Tangible Book Value	2,268	2,402	2,962	3,259	3,401	2,758
Tangible Book Value Per Share	2.65	2.81	3.45	3.79	3.96	3.42
Buildings	-	404.41	447.38	509.48	508.88	505.34
Machinery	-	314.73	269.45	263.22	247.9	235.38
Construction In Progress	-	0.09	22.42	-	1.13	2.11

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