SHE:300265 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	346.67	453.7	451.85	681.22	363.69	383.03
Cash & Short-Term Investments	346.67	453.7	451.85	681.22	363.69	383.03
Cash Growth	-1.95%	0.41%	-33.67%	87.31%	-5.05%	-33.02%
Accounts Receivable	1,264	1,325	1,369	1,301	1,218	1,090
Other Receivables	29.78	44.06	58.12	47.34	41.91	35.65
Receivables	1,294	1,369	1,428	1,348	1,260	1,126
Inventory	383.95	234.98	230.64	287.94	267.61	250.72
Other Current Assets	85.16	75.36	53.1	40.4	23.53	37.82
Total Current Assets	2,110	2,133	2,163	2,358	1,915	1,797
Property, Plant & Equipment	940.46	959.15	973.81	851.2	614.21	451.84
Long-Term Investments	40.65	41.27	42	50.26	54.95	112.87
Goodwill	22.23	22.23	22.23	22.23	26.62	26.62
Other Intangible Assets	145.53	147.58	138.41	143.17	134.68	139.07
Long-Term Accounts Receivable	-	103.34	51.59	14.95	16.67	-
Long-Term Deferred Tax Assets	52.89	53.1	43.22	36.55	26.7	27.87
Long-Term Deferred Charges	3.29	3.12	2.75	3.24	8.61	7.15
Other Long-Term Assets	110.97	16.02	19.9	30.53	29.36	19.29
Total Assets	3,426	3,479	3,457	3,510	2,827	2,582
Accounts Payable	446.63	477.53	477.33	439.22	464.07	290.27
Accrued Expenses	26.65	47.08	57.47	50.73	59.57	42.85
Short-Term Debt	430.33	404.46	421.59	283.09	619.88	664.53
Current Portion of Long-Term Debt	3.46	0.83	77.48	1.59	0.25	17.44
Current Portion of Leases	-	2.74	1.82	0.47	2.28	2.56
Current Income Taxes Payable	15.01	9.36	6.93	4.26	5.51	3.93
Current Unearned Revenue	14.82	25.3	21.69	30.16	22.36	63.27
Other Current Liabilities	50.19	65.56	91.71	91.05	27.77	33.07
Total Current Liabilities	987.09	1,033	1,156	900.58	1,202	1,118
Long-Term Debt	0.43	0.67	1.63	76.46	170.82	72.22
Long-Term Leases	1.81	1.69	1.77	0.26	-	2.25
Long-Term Unearned Revenue	34.36	34.9	15.63	17.16	12.92	21.25
Long-Term Deferred Tax Liabilities	3.1	4.1	3.36	3.45	0.69	0.83
Other Long-Term Liabilities	9.69	9.14	9.21	9.46	9.39	9.4
Total Liabilities	1,036	1,083	1,188	1,007	1,396	1,224
Common Stock	467.6	467.6	458.29	458.29	364.98	364.97
Additional Paid-In Capital	1,088	1,088	1,011	1,157	362.27	362.22
Retained Earnings	768.58	764.57	750.73	740.51	649.12	574.7
Comprehensive Income & Other	29.98	41.06	16.8	27.11	14.79	18.83
Total Common Equity	2,354	2,361	2,237	2,383	1,391	1,321
Minority Interest	35.26	34.08	32.23	119.16	39.92	37.62
Shareholders' Equity	2,389	2,395	2,269	2,502	1,431	1,358
Total Liabilities & Equity	3,426	3,479	3,457	3,510	2,827	2,582
Total Debt	436.02	410.39	504.29	361.86	793.23	759
Net Cash (Debt)	-89.35	43.31	-52.44	319.36	-429.54	-375.97
Net Cash Per Share	-0.21	0.09	-0.11	0.79	-1.16	-1.00
Filing Date Shares Outstanding	401.28	467.6	458.29	458.29	364.98	364.97
Total Common Shares Outstanding	401.28	467.6	458.29	458.29	364.98	364.97
Working Capital	1,123	1,100	1,007	1,457	713.11	679.59
Book Value Per Share	5.87	5.05	4.88	5.20	3.81	3.62
Tangible Book Value	2,186	2,191	2,077	2,218	1,230	1,155
Tangible Book Value Per Share	5.45	4.69	4.53	4.84	3.37	3.16
Buildings	-	688.61	674.25	564.6	397.03	395.22
Machinery	-	1,085	895.6	784.67	578.38	553.04
Construction In Progress	-	2.85	140.97	174.55	194.31	4.66

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