SHE:300311 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	198.93	261.81	261.5	195.04	230.9	197.52
Trading Asset Securities	155.69	131.17	110.5	40.03	44.95	72.92
Cash & Short-Term Investments	354.62	392.98	372	235.07	275.85	270.44
Cash Growth	-3.72%	5.64%	58.25%	-14.78%	2.00%	-39.55%
Accounts Receivable	197.82	200.34	240.41	325.94	386.07	350.27
Other Receivables	8.59	10.71	13.21	16.09	36.05	47.03
Receivables	206.4	211.05	253.62	342.03	422.12	397.3
Inventory	123.33	81.7	100.54	143.86	217.64	333.39
Other Current Assets	43.08	42.44	46.12	77.31	90.25	75.69
Total Current Assets	727.44	728.17	772.28	798.27	1,006	1,077
Property, Plant & Equipment	225.43	226.95	199.31	193.42	186.81	171.75
Long-Term Investments	160.75	163.06	191.34	190.11	206.5	209.22
Other Intangible Assets	52.28	53.14	53.08	57.42	61.75	66
Long-Term Accounts Receivable	-	-	9.02	4.05	6.21	4.9
Long-Term Deferred Tax Assets	22.8	22.81	22.82	22.83	22.8	27.63
Long-Term Deferred Charges	1.12	1.53	2.79	3.19	0.27	0.07
Other Long-Term Assets	59.79	60.26	71.17	74.35	76.19	78.03
Total Assets	1,250	1,256	1,322	1,344	1,566	1,634
Accounts Payable	188.71	156.14	201.94	213.23	287.05	298.92
Accrued Expenses	33.54	64.96	55.7	83.9	69.72	67.92
Short-Term Debt	30	20	43	19.51	54.8	5
Current Portion of Long-Term Debt	-	0.45	-	-	-	-
Current Portion of Leases	-	-	2.86	3.14	3.86	1.52
Current Income Taxes Payable	31.23	30.76	24.63	24.63	26.58	23.56
Current Unearned Revenue	175.82	163.79	194.11	160.46	147.08	255.1
Other Current Liabilities	6.73	7.62	9.37	21.01	29.98	38.08
Total Current Liabilities	466.03	443.72	531.62	525.87	619.08	690.1
Long-Term Leases	-	-	0.45	3.51	2.49	3.95
Long-Term Unearned Revenue	68.78	70.95	79.57	72.37	65.35	49.02
Long-Term Deferred Tax Liabilities	10.11	10.11	8.02	5.05	0.02	0.14
Other Long-Term Liabilities	4.93	4.93	-	-	20	20
Total Liabilities	549.85	529.7	619.66	606.8	706.94	763.21
Common Stock	673.63	673.63	673.63	673.63	673.63	673.63
Additional Paid-In Capital	142.02	142.02	146.8	161.05	157.22	157.22
Retained Earnings	-171.74	-146.39	-175.48	-135.85	-11.83	-11.65
Comprehensive Income & Other	10.43	10.43	8.46	10.04	-	-
Total Common Equity	654.34	679.7	653.41	708.87	819.02	819.2
Minority Interest	45.43	46.51	48.74	27.97	40.43	52.01
Shareholders' Equity	699.77	726.21	702.15	736.84	859.45	871.21
Total Liabilities & Equity	1,250	1,256	1,322	1,344	1,566	1,634
Total Debt	30	20.45	46.31	26.16	61.15	10.47
Net Cash (Debt)	324.62	372.53	325.69	208.91	214.7	259.97
Net Cash Growth	-0.72%	14.38%	55.90%	-2.70%	-17.42%	-30.19%
Net Cash Per Share	0.48	0.55	0.48	0.31	0.32	0.39
Filing Date Shares Outstanding	674.45	673.63	673.63	673.63	673.63	673.63
Total Common Shares Outstanding	674.45	673.63	673.63	673.63	673.63	673.63
Working Capital	261.41	284.45	240.66	272.4	386.78	386.71
Book Value Per Share	0.97	1.01	0.97	1.05	1.22	1.22
Tangible Book Value	602.06	626.56	600.33	651.45	757.27	753.2
Tangible Book Value Per Share	0.89	0.93	0.89	0.97	1.12	1.12
Buildings	-	-	119.43	131.29	131.29	131.29
Machinery	-	-	81.12	80	83.49	75.41
Construction In Progress	-	-	76.28	54.48	41.26	25.96

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