SHE:300324 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	981.73	968.8	1,169	1,368	1,574	1,695
Trading Asset Securities	28.83	18.83	4	1	10.59	23.67
Cash & Short-Term Investments	1,011	987.63	1,173	1,369	1,584	1,719
Cash Growth	11.23%	-15.77%	-14.37%	-13.58%	-7.83%	-5.45%
Accounts Receivable	1,699	1,904	2,012	1,793	1,743	1,740
Other Receivables	53.83	44.05	47.25	66.86	117.14	143.3
Receivables	1,753	1,949	2,060	1,860	1,860	1,883
Inventory	242.15	194.97	314.18	261.2	412.97	271.63
Other Current Assets	219.13	73.62	94.5	80.94	96.88	95.92
Total Current Assets	3,225	3,205	3,641	3,572	3,954	3,970
Property, Plant & Equipment	559.74	541.52	509.52	512.23	463.7	493.25
Long-Term Investments	749.03	754.44	881.17	914.74	634.81	732.86
Goodwill	32.48	32.48	41.84	82.18	253.29	645.16
Other Intangible Assets	57.54	61.84	65.82	82.08	74.55	83.4
Long-Term Accounts Receivable	-	0.84	1.34	1.88	1.67	1.6
Long-Term Deferred Tax Assets	88.23	89.26	72.79	66.12	54.5	40.25
Long-Term Deferred Charges	53.23	51.06	57.62	46.73	47.26	33.76
Other Long-Term Assets	517.98	526.7	559.11	595.82	646.55	719.51
Total Assets	5,283	5,263	5,830	5,873	6,130	6,720
Accounts Payable	1,406	1,598	1,617	1,070	992.96	1,178
Accrued Expenses	65.96	107.25	113.99	144.16	157.03	151.09
Short-Term Debt	90.94	155.8	113.88	138.16	135.33	151.03
Current Portion of Long-Term Debt	59.5	24.74	18.69	27.85	10.29	10.3
Current Portion of Leases	-	14.7	19.38	20.93	16	13.47
Current Income Taxes Payable	11.15	1.19	4.26	6.37	9.76	19.25
Current Unearned Revenue	598.05	347	415.02	524.61	765.03	613.91
Other Current Liabilities	217.16	118.75	138.48	297.52	116.46	105.24
Total Current Liabilities	2,449	2,367	2,441	2,230	2,203	2,243
Long-Term Debt	58	80.5	112.4	158.59	185	193
Long-Term Leases	84.77	84.94	96.38	110.99	23.83	17.02
Long-Term Unearned Revenue	27.36	27.58	32.83	29.69	33.99	53.4
Long-Term Deferred Tax Liabilities	5.24	5.32	6.25	7.68	7.73	1.1
Total Liabilities	2,624	2,566	2,689	2,537	2,453	2,507
Common Stock	1,728	1,728	1,728	1,728	1,728	1,728
Additional Paid-In Capital	2,726	2,726	2,704	2,634	2,593	2,525
Retained Earnings	-1,925	-1,894	-1,423	-1,148	-880.18	-290.21
Comprehensive Income & Other	-54.4	-53.4	-77.3	-63.68	-31.34	-0.62
Total Common Equity	2,474	2,506	2,932	3,149	3,409	3,961
Minority Interest	184.45	191.5	209.39	187.53	267.72	251.15
Shareholders' Equity	2,659	2,697	3,141	3,337	3,677	4,212
Total Liabilities & Equity	5,283	5,263	5,830	5,873	6,130	6,720
Total Debt	293.21	360.68	360.74	456.51	370.44	384.83
Net Cash (Debt)	717.35	626.95	811.83	912.76	1,214	1,334
Net Cash Growth	20.25%	-22.77%	-11.06%	-24.82%	-9.01%	1.11%
Net Cash Per Share	0.42	0.36	0.47	0.53	0.70	0.77
Filing Date Shares Outstanding	1,728	1,728	1,728	1,728	1,728	1,728
Total Common Shares Outstanding	1,728	1,728	1,728	1,728	1,728	1,728
Working Capital	776.01	837.6	1,200	1,342	1,751	1,727
Book Value Per Share	1.43	1.45	1.70	1.82	1.97	2.29
Tangible Book Value	2,384	2,412	2,824	2,985	3,081	3,233
Tangible Book Value Per Share	1.38	1.40	1.63	1.73	1.78	1.87
Buildings	-	372.63	119.43	119.43	119.43	134.94
Machinery	-	566.82	591.69	579.12	563.24	558.46
Construction In Progress	-	-	164.12	118.24	28.95	20.43

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