SHE:300194 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	749.51	886.62	846.31	991.84	688.53	981.13
Trading Asset Securities	170.12	150.05	30	5.05	15.21	20.86
Cash & Short-Term Investments	919.63	1,037	876.32	996.89	703.74	1,002
Cash Growth	-8.84%	18.30%	-12.10%	41.66%	-29.77%	7.85%
Accounts Receivable	204.98	228.37	255.39	359.39	433.24	393.02
Other Receivables	9.4	8.95	31.31	23.8	18.92	19.66
Receivables	214.38	237.33	286.71	383.19	452.16	412.68
Inventory	650.86	643.05	850.97	707.8	719.75	631.92
Other Current Assets	30.05	29.55	51.7	38.36	51.42	38.6
Total Current Assets	1,815	1,947	2,066	2,126	1,927	2,085
Property, Plant & Equipment	1,671	1,700	1,767	1,736	1,696	1,446
Long-Term Investments	1,343	1,320	1,216	1,183	1,072	752.43
Goodwill	132.16	132.16	261.18	261.18	485.69	508.66
Other Intangible Assets	458.74	462.17	441.2	401.71	383.81	382.37
Long-Term Deferred Tax Assets	79.47	76.72	60.54	65.81	101.86	49.15
Long-Term Deferred Charges	119.98	118.08	105.37	138.52	176.2	170.25
Other Long-Term Assets	14.14	8.19	61.6	63.37	35.35	312.58
Total Assets	5,633	5,763	5,979	5,976	5,878	5,706
Accounts Payable	256.93	274.86	436.39	379.48	385.07	289.77
Accrued Expenses	12.38	39.98	116.73	225.43	253.93	232.76
Short-Term Debt	211.51	355.42	333.32	349.11	406.34	642.15
Current Portion of Long-Term Debt	185.09	38.84	177.32	54.06	2.51	-
Current Portion of Leases	-	-	1.11	0.98	0.58	-
Current Income Taxes Payable	23.01	22.05	4.46	15.52	6.62	9
Current Unearned Revenue	33.32	22.27	54.09	51.25	61.96	57.15
Other Current Liabilities	85.44	86.14	103.58	119.22	170.04	57.66
Total Current Liabilities	807.67	839.57	1,227	1,195	1,287	1,288
Long-Term Debt	250.62	406	193.54	487.14	303.7	263.88
Long-Term Leases	0.14	0.16	0.49	1.57	1.06	-
Long-Term Unearned Revenue	105.55	108.48	109.91	92.36	98.06	75.03
Long-Term Deferred Tax Liabilities	43.79	43.71	49.5	51.09	64.35	35.92
Other Long-Term Liabilities	0.01	0.01	0.01	0.01	177.27	177.27
Total Liabilities	1,208	1,398	1,580	1,827	1,932	1,841
Common Stock	1,190	1,190	1,190	1,190	1,190	1,190
Additional Paid-In Capital	2,237	2,237	2,237	2,237	2,227	2,227
Retained Earnings	1,001	945.98	952.26	731.91	559.53	354.92
Comprehensive Income & Other	-3.96	-9.09	16.74	-13.98	-31.58	-37.96
Total Common Equity	4,424	4,364	4,396	4,145	3,945	3,734
Minority Interest	1.6	1.74	2.25	3.92	1.38	131.75
Shareholders' Equity	4,425	4,366	4,398	4,149	3,946	3,866
Total Liabilities & Equity	5,633	5,763	5,979	5,976	5,878	5,706
Total Debt	647.36	800.42	705.78	892.86	714.2	906.03
Net Cash (Debt)	272.28	236.24	170.54	104.03	-10.45	95.96
Net Cash Growth	109.00%	38.52%	63.93%	-	-	-68.79%
Net Cash Per Share	0.21	0.18	0.15	0.09	-0.01	0.08
Filing Date Shares Outstanding	1,189	1,570	1,190	1,190	1,190	1,190
Total Common Shares Outstanding	1,189	1,570	1,190	1,190	1,190	1,190
Working Capital	1,007	1,107	838.7	931.19	640.01	796.7
Book Value Per Share	3.72	2.78	3.69	3.48	3.32	3.14
Tangible Book Value	3,833	3,769	3,693	3,482	3,076	2,843
Tangible Book Value Per Share	3.22	2.40	3.10	2.93	2.59	2.39
Buildings	-	-	1,246	1,191	875.88	871.16
Machinery	-	-	1,765	1,615	1,347	1,225
Construction In Progress	-	-	114.23	155.84	695.25	441.2

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