SHE:300228 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	1,062	1,103	821.65	910.26	661.48	553.49
Trading Asset Securities	2.35	2.03	-	-	243.45	316.72
Cash & Short-Term Investments	1,065	1,105	821.65	910.26	904.93	870.2
Cash Growth	45.51%	34.45%	-9.74%	0.59%	3.99%	38.51%
Accounts Receivable	1,062	963.7	890.11	741.42	494.4	518.03
Other Receivables	12.38	34.12	47.36	40.42	25.61	50.58
Receivables	1,074	997.82	937.47	781.84	520.01	568.62
Inventory	709.19	736.84	804.77	1,001	864.21	808.47
Other Current Assets	153.25	74.83	81.95	74.92	119.96	64.72
Total Current Assets	3,001	2,914	2,646	2,768	2,409	2,312
Property, Plant & Equipment	935.05	956.28	1,039	1,113	991.96	866.5
Long-Term Investments	63.28	63.86	60.5	73.18	73.16	78.79
Goodwill	2.26	2.26	2.79	2.79	16.49	15.95
Other Intangible Assets	166.76	168.86	176.72	177.37	182.57	179.77
Long-Term Deferred Tax Assets	56.36	56.68	67.35	60.15	57.25	38.95
Long-Term Deferred Charges	40.54	42.21	41.75	44.49	29.24	17
Other Long-Term Assets	12.13	18.43	17.71	24.27	35.32	28.62
Total Assets	4,277	4,223	4,051	4,263	3,795	3,538
Accounts Payable	679.73	741.51	788.59	1,126	783.18	647.75
Accrued Expenses	61.18	87.17	91.47	87.12	45.88	53.92
Short-Term Debt	83.07	78.08	132.44	284.17	493.84	466.05
Current Portion of Long-Term Debt	16.47	1.41	1.42	26.03	9.43	99.14
Current Portion of Leases	-	19.87	12.7	19.91	8.09	7.98
Current Income Taxes Payable	35.42	18.38	39.32	27.79	5.76	3.56
Current Unearned Revenue	546.36	487.68	488.32	583.51	559.86	232.38
Other Current Liabilities	70.73	77.11	69.25	44.15	41.73	45.17
Total Current Liabilities	1,493	1,511	1,624	2,199	1,948	1,556
Long-Term Debt	17.5	17.5	18.9	-	68.36	7.02
Long-Term Leases	13.81	12.7	7.5	20.68	10.2	-
Long-Term Unearned Revenue	5.27	5.29	5.97	5.13	4.11	5.63
Long-Term Deferred Tax Liabilities	11.2	11.18	12.07	13.24	8.33	4.31
Total Liabilities	1,541	1,558	1,668	2,238	2,039	1,573
Common Stock	597.43	597.43	585.86	575.41	575.41	575.41
Additional Paid-In Capital	1,378	1,373	1,307	1,221	1,201	1,211
Retained Earnings	579.46	522.48	328.25	132.05	-15.05	214.12
Comprehensive Income & Other	-14.9	-17.48	-25.98	-29.33	-32.75	-36.14
Total Common Equity	2,540	2,476	2,195	1,899	1,729	1,964
Minority Interest	197.06	189.31	188.56	126.1	27.23	0.36
Shareholders' Equity	2,737	2,665	2,384	2,025	1,756	1,965
Total Liabilities & Equity	4,277	4,223	4,051	4,263	3,795	3,538
Total Debt	130.85	129.56	172.96	350.79	589.93	580.18
Net Cash (Debt)	933.8	975.11	648.69	559.47	314.99	290.02
Net Cash Growth	62.91%	50.32%	15.95%	77.61%	8.61%	-
Net Cash Per Share	1.55	1.63	1.10	0.97	0.55	0.55
Filing Date Shares Outstanding	597.26	597.43	585.86	575.41	575.41	575.41
Total Common Shares Outstanding	597.26	597.43	585.86	575.41	575.41	575.41
Working Capital	1,508	1,403	1,022	569.15	461.31	756.07
Book Value Per Share	4.25	4.14	3.75	3.30	3.00	3.41
Tangible Book Value	2,371	2,304	2,015	1,719	1,530	1,769
Tangible Book Value Per Share	3.97	3.86	3.44	2.99	2.66	3.07
Buildings	-	965.41	965.14	962.22	890.93	874.73
Machinery	-	1,101	1,024	966.53	802.9	720.12
Construction In Progress	-	26.87	61.92	56.68	108.59	10.91

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