SHE:300407 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	1,195	1,208	871.73	819.19	763.06	717.39
Trading Asset Securities	84	90	64.01	8	20.01	11.4
Cash & Short-Term Investments	1,279	1,298	935.74	827.19	783.07	728.79
Cash Growth	42.78%	38.73%	13.12%	5.63%	7.45%	-7.88%
Accounts Receivable	948.99	1,005	941.21	995.87	1,041	926.9
Other Receivables	24.19	22.38	24.25	29.35	24.84	25.61
Receivables	973.18	1,028	965.46	1,025	1,066	952.5
Inventory	707.14	667.34	672.05	601.7	507.66	577.15
Other Current Assets	104.73	99.75	88.76	97.93	49.22	81.07
Total Current Assets	3,064	3,093	2,662	2,552	2,406	2,340
Property, Plant & Equipment	360.44	385.36	329.94	302.3	304.8	342.01
Long-Term Investments	10.31	10.33	0.61	1.31	2.47	3.47
Goodwill	6.25	6.49	0.02	0.02	0.02	0.02
Other Intangible Assets	49.68	50.32	50.68	45.44	21.67	28.16
Long-Term Deferred Tax Assets	46.66	48.21	40.61	37.21	36.43	28.06
Long-Term Deferred Charges	2.2	2.42	3.32	1.33	1.62	1.26
Other Long-Term Assets	135.25	138.19	124.9	160.07	130.01	87.54
Total Assets	3,675	3,734	3,212	3,100	2,903	2,830
Accounts Payable	439.95	472.23	363.27	326.53	312.12	387.08
Accrued Expenses	92.92	126.45	106.2	112.39	96.21	84.08
Short-Term Debt	162.75	119.98	143.55	109.55	174.21	94.88
Current Portion of Long-Term Debt	38.67	4.37	1.85	1	113.95	36.1
Current Portion of Leases	-	34.13	24.55	23.72	24.06	22.95
Current Income Taxes Payable	20.01	24.42	20.49	13.3	13.56	12.85
Current Unearned Revenue	689.42	682.87	481.59	477.74	403.1	409.79
Other Current Liabilities	167.61	153.41	105.54	81.49	78.63	75.21
Total Current Liabilities	1,611	1,618	1,247	1,146	1,216	1,123
Long-Term Debt	45.34	42.66	29.76	29	-	107.89
Long-Term Leases	41.31	49.13	36.13	25.28	33.35	35.43
Long-Term Unearned Revenue	21.98	19.35	22.2	19.73	17.26	16.75
Pension & Post-Retirement Benefits	-	47.45	50.81	54.14	52.9	67.9
Long-Term Deferred Tax Liabilities	0.17	0.07	0.13	0.21	0.27	0.34
Other Long-Term Liabilities	58.47	11.76	13.09	16.17	15.83	22.73
Total Liabilities	1,779	1,788	1,399	1,290	1,335	1,374
Common Stock	320.04	320.04	318.2	318.2	305.11	305.1
Additional Paid-In Capital	556.41	553.26	524.61	520.32	391.38	391.38
Retained Earnings	1,015	1,006	967.23	913.45	832.4	750.34
Treasury Stock	-51.75	-20.02	-20.02	-	-	-
Comprehensive Income & Other	42.84	69.38	5.22	29.26	29.89	0.14
Total Common Equity	1,882	1,929	1,795	1,781	1,559	1,447
Minority Interest	14.51	17.32	17.68	28.26	8.35	9.1
Shareholders' Equity	1,897	1,946	1,813	1,809	1,567	1,456
Total Liabilities & Equity	3,675	3,734	3,212	3,100	2,903	2,830
Total Debt	288.07	250.26	235.84	188.56	345.57	297.25
Net Cash (Debt)	991.34	1,048	699.91	638.64	437.5	431.54
Net Cash Growth	60.95%	49.72%	9.59%	45.97%	1.38%	-19.43%
Net Cash Per Share	2.98	3.27	2.24	2.06	1.43	1.41
Filing Date Shares Outstanding	314.74	340.99	315.35	318.2	305.11	305.1
Total Common Shares Outstanding	314.74	340.99	315.35	318.2	305.11	305.1
Working Capital	1,453	1,475	1,415	1,406	1,190	1,217
Book Value Per Share	5.98	5.66	5.69	5.60	5.11	4.74
Tangible Book Value	1,826	1,872	1,745	1,736	1,537	1,419
Tangible Book Value Per Share	5.80	5.49	5.53	5.45	5.04	4.65
Buildings	-	171.58	166.85	171.6	168.25	203.93
Machinery	-	666.98	555.44	515.05	461.47	424.23
Construction In Progress	-	5.25	4.66	5.89	2.01	0.37

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