SHE:300412 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	359.29	329.47	263.99	295.13	391.82	492.41
Trading Asset Securities	108.55	211.39	99.51	-	-	-
Cash & Short-Term Investments	467.83	540.86	363.5	295.13	391.82	492.41
Cash Growth	64.75%	48.79%	23.17%	-24.68%	-20.43%	52.19%
Accounts Receivable	452.99	483.82	503.14	478.46	544.13	462.68
Other Receivables	17.27	16.57	20.97	38.84	-28.15	1.7
Receivables	470.26	500.38	524.11	517.3	515.98	464.38
Inventory	729.26	665.17	747.83	905.72	766.47	671.83
Other Current Assets	108.4	62.63	46.52	75.79	120.83	99.89
Total Current Assets	1,776	1,769	1,682	1,794	1,795	1,729
Property, Plant & Equipment	581.65	591.23	620.49	628.41	533.52	424.57
Goodwill	22.36	22.36	25.83	25.83	25.83	60.37
Other Intangible Assets	95.91	96.5	99.81	109.28	109.85	78.32
Long-Term Deferred Tax Assets	23.26	19.74	17.46	19.14	19.9	13.68
Long-Term Deferred Charges	12.01	8.51	8.9	6.73	4.94	5.49
Other Long-Term Assets	23.86	24.44	27.41	14.58	10.89	2.44
Total Assets	2,535	2,532	2,482	2,598	2,500	2,313
Accounts Payable	354.09	417.18	375.66	375.09	465.83	341.44
Accrued Expenses	20.09	41.79	53.9	43.89	54.6	48.72
Short-Term Debt	343.14	337.75	240.83	137.14	143.14	98.12
Current Portion of Long-Term Debt	35.02	30.54	5.76	77.59	2.3	-
Current Portion of Leases	-	4.74	5.8	8	9.22	6.39
Current Income Taxes Payable	5.25	-	3.07	1.72	3.49	14.72
Current Unearned Revenue	560.73	457.31	479.03	645.86	557.49	423.25
Other Current Liabilities	28.25	28.26	41.3	49.1	53.69	47.65
Total Current Liabilities	1,347	1,318	1,205	1,338	1,290	980.3
Long-Term Debt	92.69	107.48	174.19	180.24	98.07	116.49
Long-Term Leases	6.26	6.57	8.79	11.66	15.7	15.27
Long-Term Unearned Revenue	6.4	6.54	7.09	7.65	8.21	8.77
Long-Term Deferred Tax Liabilities	3.49	3.32	4.11	4	4.82	4.82
Total Liabilities	1,455	1,441	1,400	1,542	1,417	1,126
Common Stock	497.76	497.76	497.76	497.76	497.76	292.8
Additional Paid-In Capital	343.42	343.42	343.42	343.42	343.42	548.38
Retained Earnings	201.32	210.54	210.77	174.5	197.93	290.7
Total Common Equity	1,042	1,052	1,052	1,016	1,039	1,132
Minority Interest	36.91	38.62	30.39	40.29	44.35	55.84
Shareholders' Equity	1,079	1,090	1,082	1,056	1,083	1,188
Total Liabilities & Equity	2,535	2,532	2,482	2,598	2,500	2,313
Total Debt	477.1	487.08	435.36	414.62	268.44	236.27
Net Cash (Debt)	-9.27	53.78	-71.86	-119.5	123.38	256.14
Net Cash Growth	-	-	-	-	-51.83%	81.17%
Net Cash Per Share	-0.02	0.11	-0.14	-0.25	0.25	0.56
Filing Date Shares Outstanding	461.18	497.76	497.76	497.76	497.76	497.76
Total Common Shares Outstanding	461.18	497.76	497.76	497.76	497.76	497.76
Working Capital	429.19	451.47	476.62	455.55	505.33	748.21
Book Value Per Share	2.26	2.11	2.11	2.04	2.09	2.27
Tangible Book Value	924.23	932.87	926.31	880.57	903.43	993.19
Tangible Book Value Per Share	2.00	1.87	1.86	1.77	1.81	2.00
Buildings	-	612.26	603.57	514.72	224.2	206.92
Machinery	-	190.48	185.46	164.75	139.63	122.61
Construction In Progress	-	1.99	1.82	100.4	287.41	194.76

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