SHE:300401 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	1,518	1,032	1,284	1,503	554.91	502.09
Trading Asset Securities	120.46	301.22	140.25	-	-	0.4
Cash & Short-Term Investments	1,639	1,334	1,425	1,503	554.91	502.49
Cash Growth	30.41%	-6.39%	-5.20%	170.83%	10.43%	-63.08%
Accounts Receivable	141.17	234.9	157.74	92.78	169.66	90.46
Other Receivables	1.4	15.31	0.73	0.8	1.21	0.41
Receivables	142.57	250.21	158.47	93.57	170.87	90.87
Inventory	758.12	750.08	838.23	780.04	545.87	429.94
Other Current Assets	48.14	82.4	47.99	85.56	115.37	88.07
Total Current Assets	2,588	2,416	2,469	2,462	1,387	1,111
Property, Plant & Equipment	3,049	2,992	2,787	2,455	2,432	2,119
Other Intangible Assets	218.88	213.87	182.73	172.23	165.77	165.87
Long-Term Accounts Receivable	-	-	0.03	-	-	-
Long-Term Deferred Tax Assets	40.01	35.64	36.27	40.41	19.76	11.51
Long-Term Deferred Charges	58.92	57.72	26.52	24.52	25.46	16.61
Other Long-Term Assets	54.51	66.53	110.86	106.01	101.97	105.67
Total Assets	6,009	5,782	5,613	5,261	4,132	3,530
Accounts Payable	301.73	328.88	340.54	327.87	443.02	329.59
Accrued Expenses	13.48	42.87	63.14	50.42	60.83	47.21
Short-Term Debt	585.41	431.4	462.79	408.68	532.39	414.37
Current Portion of Long-Term Debt	258.23	60.03	198.16	254.51	-	-
Current Portion of Leases	-	-	0.1	-	-	0.2
Current Income Taxes Payable	26.19	41.82	23.41	16.56	18.5	15.32
Current Unearned Revenue	16.89	9.69	21.26	19.55	55.03	34.87
Other Current Liabilities	40.56	43.42	165.27	186.08	199.29	56.78
Total Current Liabilities	1,242	958.12	1,275	1,264	1,309	898.34
Long-Term Debt	1,148	1,258	1,054	923.27	-	-
Long-Term Unearned Revenue	36.34	37.81	30.33	42.52	63.6	68.86
Long-Term Deferred Tax Liabilities	40.03	38.77	34.99	44.66	0.37	0.06
Other Long-Term Liabilities	-	-	-	93.33	186.66	279.99
Total Liabilities	2,467	2,293	2,394	2,367	1,560	1,247
Common Stock	543.69	543.47	543.47	551.01	551.01	551.01
Additional Paid-In Capital	-49.95	-52.91	-	-	-	2
Retained Earnings	2,790	2,740	2,497	2,226	2,111	1,830
Treasury Stock	-	-	-26.86	-140.42	-53.72	-100
Comprehensive Income & Other	257.77	258.41	204.58	256.07	-36.37	-
Total Common Equity	3,542	3,489	3,218	2,893	2,572	2,283
Minority Interest	-0.01	-0.01	-0	-	-	-
Shareholders' Equity	3,542	3,489	3,218	2,893	2,572	2,283
Total Liabilities & Equity	6,009	5,782	5,613	5,261	4,132	3,530
Total Debt	1,992	1,749	1,715	1,586	532.39	414.57
Net Cash (Debt)	-353.19	-415.78	-290.6	-83.59	22.52	87.93
Net Cash Growth	-	-	-	-	-74.39%	-92.15%
Net Cash Per Share	-0.59	-0.70	-0.49	-0.14	0.04	0.16
Filing Date Shares Outstanding	558.57	544.63	534.68	542.23	559.82	543.33
Total Common Shares Outstanding	558.57	544.63	534.68	542.23	559.82	543.33
Working Capital	1,345	1,458	1,195	1,198	77.97	213.04
Book Value Per Share	6.34	6.41	6.02	5.34	4.59	4.20
Tangible Book Value	3,323	3,275	3,036	2,721	2,406	2,117
Tangible Book Value Per Share	5.95	6.01	5.68	5.02	4.30	3.90
Buildings	-	-	1,473	1,377	1,180	490.73
Machinery	-	-	1,149	938.79	844.74	360.6
Construction In Progress	-	-	661.13	504.59	672.13	1,479

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