SHE:300214 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	344.53	394.64	248.56	88.77	116.16	89.69
Short-Term Investments	110.09	166.11	65.32	54.02	11.26	-
Trading Asset Securities	10	10	30.03	0.01	336.18	445.72
Cash & Short-Term Investments	464.62	570.75	343.9	142.8	463.6	535.41
Cash Growth	65.87%	65.96%	140.82%	-69.20%	-13.41%	70.23%
Accounts Receivable	1,024	939.18	955.31	657.68	688.39	775.13
Other Receivables	10.05	6.44	3.38	10.71	5.31	8.37
Receivables	1,034	945.62	958.69	718.51	743.98	783.5
Inventory	253.29	240.26	296.09	222.4	229.96	307.71
Other Current Assets	158.9	124.23	218.89	144.3	116.19	100.31
Total Current Assets	1,911	1,881	1,818	1,228	1,554	1,727
Property, Plant & Equipment	2,558	2,604	2,739	2,092	932.91	786.44
Long-Term Investments	37.62	38.45	40.85	78.7	52.18	-
Goodwill	186.34	186.34	186.34	178.42	-	-
Other Intangible Assets	265.36	267.52	310.48	274.63	254.68	251.41
Long-Term Deferred Tax Assets	48.65	48.75	68.34	33.7	27.99	27.95
Long-Term Deferred Charges	0.71	2.12	-	-	-	-
Other Long-Term Assets	10.22	15.1	12.68	56.39	225.49	99.33
Total Assets	5,018	5,043	5,175	3,942	3,047	2,892
Accounts Payable	513.36	480.69	449.35	334.46	103.25	154.79
Accrued Expenses	12.43	23.13	24.54	13.5	16.7	24.28
Short-Term Debt	686.2	740.17	732.48	216.05	88.76	25.56
Current Portion of Long-Term Debt	-	232.17	115.62	42.44	-	-
Current Portion of Leases	-	18.06	-	-	-	-
Current Income Taxes Payable	9.1	1.53	2.29	1.39	-	15.48
Current Unearned Revenue	45.68	20.15	19.87	11.16	19.38	16.24
Other Current Liabilities	727.24	388.47	397.69	219.17	212	217.63
Total Current Liabilities	1,994	1,904	1,742	838.17	440.09	453.98
Long-Term Debt	178.84	271.85	452.17	212.57	3.89	-
Long-Term Leases	25.04	25.8	-	-	-	-
Long-Term Unearned Revenue	62.31	64.23	71.94	77.08	77.08	77.08
Long-Term Deferred Tax Liabilities	4.72	5.16	6.02	4.17	-	-
Other Long-Term Liabilities	260.42	285.05	331.4	230.66	-	-
Total Liabilities	2,525	2,556	2,603	1,363	521.06	531.06
Common Stock	464.9	464.9	465.16	466.04	470.81	470.81
Additional Paid-In Capital	789.58	789.58	786.14	788.83	815.84	819.49
Retained Earnings	1,214	1,212	1,242	1,328	1,271	1,110
Treasury Stock	-80.33	-80.33	-51.07	-3.88	-33.69	-39.96
Comprehensive Income & Other	6.36	4.65	4.54	0.29	1.67	0.43
Total Common Equity	2,394	2,391	2,446	2,579	2,526	2,361
Minority Interest	97.74	95.74	125.34	-0.4	-0.1	-
Shareholders' Equity	2,492	2,486	2,572	2,579	2,526	2,361
Total Liabilities & Equity	5,018	5,043	5,175	3,942	3,047	2,892
Total Debt	890.08	1,288	1,300	471.06	92.65	25.56
Net Cash (Debt)	-425.46	-717.3	-956.37	-328.25	370.95	509.85
Net Cash Growth	-	-	-	-	-27.24%	62.46%
Net Cash Per Share	-0.86	-1.45	-2.10	-0.70	0.79	1.26
Filing Date Shares Outstanding	449.95	449.95	455.52	460.67	466.8	464.9
Total Common Shares Outstanding	449.95	449.95	455.52	460.67	466.8	464.9
Working Capital	-83.03	-23.52	75.74	389.85	1,114	1,273
Book Value Per Share	5.32	5.31	5.37	5.60	5.41	5.08
Tangible Book Value	1,943	1,937	1,950	2,126	2,271	2,110
Tangible Book Value Per Share	4.32	4.30	4.28	4.62	4.87	4.54
Buildings	-	1,612	1,556	530	396.23	372.44
Machinery	-	1,864	1,809	597.35	550.48	569.97
Construction In Progress	-	49.49	92.71	1,530	459.58	280.53

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