SHE:300196 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	1,530	1,489	1,377	1,388	1,052	750.8
Trading Asset Securities	47.46	60.46	23.09	286.38	138.16	247.05
Cash & Short-Term Investments	1,577	1,549	1,400	1,675	1,190	997.85
Cash Growth	9.31%	10.64%	-16.39%	40.72%	19.27%	-26.34%
Accounts Receivable	1,412	1,215	971.34	731.99	943.64	755.88
Other Receivables	8.72	8.01	9.4	9.39	10.71	2.75
Receivables	1,421	1,223	980.74	741.38	954.36	758.63
Inventory	362.44	314.99	269.87	262.09	246.64	220.11
Other Current Assets	35.33	55.7	78.73	131.79	124.5	47.88
Total Current Assets	3,396	3,143	2,730	2,810	2,516	2,024
Property, Plant & Equipment	3,684	3,753	3,865	3,023	2,588	2,348
Long-Term Investments	59.54	43.54	38.82	5	-	-
Other Intangible Assets	384.89	387.91	399.66	410.59	308.78	154.94
Long-Term Deferred Tax Assets	12.4	15.34	22.54	24.57	21.58	14.98
Long-Term Deferred Charges	66.45	55.58	55.74	20.35	28.84	17.1
Other Long-Term Assets	2.88	8.39	9.3	20.09	106.7	137.32
Total Assets	7,606	7,407	7,120	6,314	5,569	4,697
Accounts Payable	712.42	759.79	975.53	484.49	470.57	561.41
Accrued Expenses	37.4	81.41	64.41	61.79	65.19	55.38
Short-Term Debt	541.73	385.21	20	37.12	0.1	0.1
Current Portion of Long-Term Debt	902	914.93	192.64	168.12	-	-
Current Portion of Leases	-	-	-	-	1.26	-
Current Income Taxes Payable	29.69	5.94	9.41	0	1.62	17.9
Current Unearned Revenue	36.88	19.7	16.41	19.73	20.57	22.93
Other Current Liabilities	10.09	13.18	39.75	42.37	52.42	48.84
Total Current Liabilities	2,270	2,180	1,318	813.62	611.74	706.55
Long-Term Debt	154.1	116.93	896.37	872.31	643.73	464.01
Long-Term Leases	-	-	-	-	1.31	-
Long-Term Unearned Revenue	263.82	272.04	244.52	114.77	45.37	35.91
Long-Term Deferred Tax Liabilities	24.59	25.85	32.84	54.14	21.42	-
Other Long-Term Liabilities	5.11	5.11	5.25	-	-	-
Total Liabilities	2,718	2,600	2,497	1,855	1,324	1,206
Common Stock	408.72	408.72	408.72	408.72	408.72	408.71
Additional Paid-In Capital	805.91	805.89	805.88	805.87	805.87	805.85
Retained Earnings	3,651	3,569	3,364	3,151	2,936	2,180
Treasury Stock	-53	-53	-48.38	-	-	-
Comprehensive Income & Other	83.4	83.41	99.4	99.4	99.4	99.52
Total Common Equity	4,896	4,814	4,630	4,465	4,250	3,494
Minority Interest	-7.48	-7.38	-6.52	-5.6	-4.7	-3.83
Shareholders' Equity	4,888	4,807	4,623	4,459	4,246	3,490
Total Liabilities & Equity	7,606	7,407	7,120	6,314	5,569	4,697
Total Debt	1,598	1,417	1,109	1,078	646.4	464.11
Net Cash (Debt)	-20.45	132.13	291.2	597.22	543.77	533.74
Net Cash Growth	-	-54.63%	-51.24%	9.83%	1.88%	-39.64%
Net Cash Per Share	-0.05	0.32	0.71	1.43	1.26	1.20
Filing Date Shares Outstanding	405.25	403.53	403.53	408.72	408.72	408.71
Total Common Shares Outstanding	405.25	403.53	403.98	408.72	408.72	408.71
Working Capital	1,126	962.87	1,411	1,996	1,904	1,318
Book Value Per Share	12.08	11.93	11.46	10.92	10.40	8.55
Tangible Book Value	4,511	4,427	4,230	4,054	3,941	3,339
Tangible Book Value Per Share	11.13	10.97	10.47	9.92	9.64	8.17
Buildings	-	1,198	1,139	722.81	700.97	660.54
Machinery	-	2,643	2,539	1,729	1,768	1,599
Construction In Progress	-	71.27	118.56	474.29	36.78	68.44

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