SHE:300357 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	Dec '21 Dec 31, 2021
Cash & Equivalents	847.05	797.22	1,119	1,171	840.69	649.99
Short-Term Investments	-	74.58	-	-	-	-
Trading Asset Securities	478	560.23	196.09	117.39	295.05	370.93
Cash & Short-Term Investments	1,325	1,432	1,315	1,289	1,136	1,021
Cash Growth	3.02%	8.91%	2.03%	13.47%	11.25%	14.62%
Accounts Receivable	295.26	242.93	251.04	202.92	254.31	238.12
Other Receivables	6.92	-	-	-	19.81	11.13
Receivables	302.18	242.93	251.04	202.92	274.12	249.26
Inventory	53.68	54.76	57.73	59.04	48.41	53.75
Other Current Assets	83.51	31.53	27.78	19.17	18.86	17.58
Total Current Assets	1,764	1,761	1,651	1,570	1,477	1,342
Property, Plant & Equipment	752.08	842.85	780.09	704.84	444.61	301.62
Long-Term Investments	252.86	108.32	77.94	74.21	78.4	83.35
Other Intangible Assets	126.59	149.46	162.79	161.38	139.67	94
Long-Term Deferred Tax Assets	6.2	5.58	5.6	5.03	4.87	5.81
Long-Term Deferred Charges	29.54	26.31	25.27	34.38	53.2	86.05
Other Long-Term Assets	4.58	3.64	5.94	12.42	-	19.63
Total Assets	2,936	2,897	2,709	2,562	2,198	1,932
Accounts Payable	14.42	31.41	47.77	7.99	7.68	5.08
Accrued Expenses	20.27	37.27	35.13	33.57	29.89	35.54
Short-Term Debt	5	5	12.63	34.39	-	-
Current Portion of Leases	4.18	4.08	5.03	6.8	3.98	5.86
Current Income Taxes Payable	16.33	1.98	10.56	9.26	26.08	50.32
Current Unearned Revenue	0.64	0.53	0.51	0.38	0.42	0.42
Other Current Liabilities	6.67	64.3	70.95	84.64	34.71	10.78
Total Current Liabilities	67.51	144.57	182.58	177.04	102.75	108
Long-Term Leases	10.24	9.32	7.93	21.26	12.28	1.95
Long-Term Unearned Revenue	31.27	31.74	33.53	30.93	27.43	24.91
Long-Term Deferred Tax Liabilities	0.02	0.03	0.17	0.2	0.08	0.5
Other Long-Term Liabilities	-	-	26.08	29.03	28.22	-
Total Liabilities	109.04	185.67	250.3	258.46	170.76	135.36
Common Stock	523.58	523.58	523.58	523.58	523.58	523.58
Additional Paid-In Capital	128.19	128.19	128.19	128.19	128.19	128.19
Retained Earnings	2,087	1,968	1,702	1,533	1,328	1,084
Comprehensive Income & Other	0.02	0.03	0.04	0.03	0.03	0
Total Common Equity	2,739	2,619	2,354	2,185	1,980	1,736
Minority Interest	88.55	92.27	105.12	118.61	47.49	60.54
Shareholders' Equity	2,827	2,712	2,459	2,304	2,027	1,797
Total Liabilities & Equity	2,936	2,897	2,709	2,562	2,198	1,932
Total Debt	19.43	18.41	25.59	62.44	16.26	7.81
Net Cash (Debt)	1,306	1,414	1,289	1,226	1,119	1,013
Net Cash Growth	2.34%	9.64%	5.14%	9.54%	10.50%	13.74%
Net Cash Per Share	2.49	2.70	2.46	2.34	2.14	1.93
Filing Date Shares Outstanding	523.58	523.58	523.58	523.58	523.58	523.58
Total Common Shares Outstanding	523.58	523.58	523.58	523.58	523.58	523.58
Working Capital	1,697	1,617	1,469	1,393	1,374	1,234
Book Value Per Share	5.23	5.00	4.50	4.17	3.78	3.32
Tangible Book Value	2,612	2,470	2,191	2,024	1,840	1,642
Tangible Book Value Per Share	4.99	4.72	4.18	3.87	3.51	3.14
Buildings	-	638.01	428.52	423.31	175.67	137.89
Machinery	-	168.95	135.42	115.99	95.51	77.11
Construction In Progress	-	175.46	323.16	227.86	226.24	140.33

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