SHE:300200 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	267.95	235.58	222.97	182.19	194.15	140.21
Short-Term Investments	26.66	218.45	205.81	97.79	-	-
Trading Asset Securities	40.04	30	128.21	62.86	677.03	679.47
Cash & Short-Term Investments	334.66	484.03	556.98	342.83	871.18	819.67
Cash Growth	-49.07%	-13.10%	62.47%	-60.65%	6.28%	4.77%
Accounts Receivable	656.05	671.35	395.73	341.55	286.87	188.08
Other Receivables	-	-	-	-	7.3	3
Receivables	656.05	671.35	395.73	341.55	294.17	191.08
Inventory	170.48	167.86	146.36	148.04	110.96	144.28
Other Current Assets	50.18	36.49	32.89	47.36	11.31	14.91
Total Current Assets	1,211	1,360	1,132	879.78	1,288	1,170
Property, Plant & Equipment	587.31	583.78	539.95	354.97	221.77	202.05
Long-Term Investments	39.98	217.79	259.72	464.46	39.98	39.98
Goodwill	304.71	304.71	304.71	304.71	718.85	686.77
Other Intangible Assets	52.83	53.27	53.87	46.95	27.99	28
Long-Term Deferred Tax Assets	6.85	7.58	5.64	9.69	10.31	12.55
Long-Term Deferred Charges	1.07	2.17	4.07	6.94	2.58	1.09
Other Long-Term Assets	291.02	17.15	18.68	35.19	8.52	7.24
Total Assets	2,495	2,546	2,319	2,103	2,318	2,148
Accounts Payable	551.75	584.45	321.11	275.82	123.85	131.53
Accrued Expenses	36.3	67.46	111.3	107.5	111.37	143.14
Short-Term Debt	140.01	162.09	142.09	-	10.24	30.42
Current Portion of Leases	0.47	1.1	1.4	1.69	0.76	0.52
Current Income Taxes Payable	8.32	3.86	0.18	0.75	9.4	5.02
Current Unearned Revenue	4.43	5.39	10.98	10.76	15.16	4.87
Other Current Liabilities	57.72	56.65	102.82	104.39	61.28	2.21
Total Current Liabilities	799	881	689.87	500.91	332.07	317.71
Long-Term Debt	6.38	0.31	-	-	-	-
Long-Term Leases	1.05	0.73	0.56	1.85	1.57	1.36
Long-Term Unearned Revenue	7.07	7.38	8.26	9.56	7.43	7.48
Long-Term Deferred Tax Liabilities	5.66	5.79	6.5	7.5	4.45	2.31
Other Long-Term Liabilities	-	-	-	0.5	-	-
Total Liabilities	819.17	895.22	705.2	520.32	345.53	328.87
Common Stock	430.97	430.97	430.97	430.97	425.49	425.52
Additional Paid-In Capital	958.21	958.21	958.21	982.67	967.57	922.35
Retained Earnings	339.48	314.84	273.33	137.97	547.82	470.88
Treasury Stock	-80	-80	-80	-	-	-
Comprehensive Income & Other	6.8	6.04	6.18	4.28	-	-
Total Common Equity	1,655	1,630	1,589	1,556	1,941	1,819
Minority Interest	20.52	20.91	24.7	26.47	31.21	-
Shareholders' Equity	1,676	1,651	1,613	1,582	1,972	1,819
Total Liabilities & Equity	2,495	2,546	2,319	2,103	2,318	2,148
Total Debt	147.92	164.24	144.05	3.54	12.58	32.3
Net Cash (Debt)	186.74	319.79	412.93	339.29	858.6	787.37
Net Cash Growth	-60.13%	-22.56%	21.70%	-60.48%	9.05%	4.66%
Net Cash Per Share	0.45	0.77	0.98	0.79	1.95	1.83
Filing Date Shares Outstanding	416.43	416.43	416.43	430.97	425.49	425.52
Total Common Shares Outstanding	416.43	416.43	416.43	430.97	425.49	425.52
Working Capital	412.39	478.73	442.09	378.87	955.54	852.23
Book Value Per Share	3.98	3.91	3.81	3.61	4.56	4.27
Tangible Book Value	1,298	1,272	1,230	1,204	1,194	1,104
Tangible Book Value Per Share	3.12	3.05	2.95	2.79	2.81	2.59
Buildings	-	347.4	291.23	272.53	214.4	206.5
Machinery	-	339.93	254.32	243.98	203.21	184.97
Construction In Progress	-	219.42	287.11	100.91	10.34	2.87

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