SHE:300425 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	381.51	323.12	254.31	98.03	233.64	330.62
Trading Asset Securities	-	-	-	0.54	-	-
Cash & Short-Term Investments	381.51	323.12	254.31	98.57	233.64	330.62
Cash Growth	41.96%	27.06%	158.00%	-57.81%	-29.33%	-2.71%
Accounts Receivable	1,866	1,993	2,030	2,034	1,625	1,159
Other Receivables	13.23	16.18	42.27	16.39	18.18	19.93
Receivables	1,879	2,009	2,073	2,051	1,643	1,179
Inventory	260.69	228.88	285.83	307.64	312.16	346.79
Prepaid Expenses	-	-	-	-	-	6.17
Other Current Assets	109.86	85.69	62.08	48.93	46.31	54.88
Total Current Assets	2,631	2,647	2,675	2,506	2,235	1,917
Property, Plant & Equipment	474.98	488.64	543.2	601.82	609.77	509.55
Long-Term Investments	105.63	105.38	94.01	92.62	90.09	105.03
Goodwill	149.88	149.88	149.88	149.88	149.88	149.88
Other Intangible Assets	844.24	832.21	816.33	607.48	639.98	690.04
Long-Term Accounts Receivable	-	-	188.73	246.52	291.08	297.63
Long-Term Deferred Tax Assets	82.58	81.51	71.54	60.2	50.91	39.87
Long-Term Deferred Charges	91.91	104.41	133.21	40.28	53.62	60.2
Other Long-Term Assets	221.85	220.57	26.37	123.58	25.47	24.71
Total Assets	4,603	4,630	4,698	4,428	4,146	3,794
Accounts Payable	772.01	777.87	807.33	705.5	583.7	478.86
Accrued Expenses	36.17	35.95	76.83	106.61	122.6	106.51
Short-Term Debt	479.1	479.31	432	430.35	389.69	421
Current Portion of Long-Term Debt	53.88	59.72	123.41	83.52	40.98	65.39
Current Portion of Leases	-	-	14.2	23.77	23.67	8.13
Current Income Taxes Payable	14.36	40.23	11.74	17.19	12.23	8.82
Current Unearned Revenue	123.98	108.66	73.14	120.72	69.52	119.14
Other Current Liabilities	45.62	49	77.3	72.81	85.48	96.94
Total Current Liabilities	1,525	1,551	1,616	1,560	1,328	1,305
Long-Term Debt	282	287.5	318.23	270.21	339.43	213.91
Long-Term Leases	24.93	24.27	126.42	41.18	65.17	35.19
Long-Term Unearned Revenue	17.91	18.11	18.5	18.54	22.03	28.23
Long-Term Deferred Tax Liabilities	19	18.73	21.46	23.73	26.18	26.42
Other Long-Term Liabilities	182.26	180.16	46.49	42.13	36.49	25.88
Total Liabilities	2,051	2,080	2,147	1,956	1,817	1,634
Common Stock	682.22	682.22	682.22	675.71	675.71	675.71
Additional Paid-In Capital	509.7	509.7	509.7	498.59	492.53	486.62
Retained Earnings	1,152	1,152	1,157	1,103	974.11	819.65
Comprehensive Income & Other	20.89	21.1	21.14	20.08	22.59	21.06
Total Common Equity	2,365	2,365	2,371	2,297	2,165	2,003
Minority Interest	186.23	184.87	180.47	174.33	163.79	156.61
Shareholders' Equity	2,551	2,550	2,551	2,472	2,329	2,160
Total Liabilities & Equity	4,603	4,630	4,698	4,428	4,146	3,794
Total Debt	839.91	850.81	1,014	849.03	858.93	743.61
Net Cash (Debt)	-458.41	-527.69	-759.95	-750.46	-625.29	-412.99
Net Cash Per Share	-0.69	-0.77	-1.12	-1.11	-0.93	-0.61
Filing Date Shares Outstanding	623.41	693.21	682.22	675.71	675.71	675.71
Total Common Shares Outstanding	623.41	693.21	682.22	675.71	675.71	675.71
Working Capital	1,106	1,096	1,059	945.17	907.22	612.37
Book Value Per Share	3.79	3.41	3.47	3.40	3.20	2.96
Tangible Book Value	1,371	1,383	1,404	1,540	1,375	1,163
Tangible Book Value Per Share	2.20	2.00	2.06	2.28	2.03	1.72
Buildings	-	-	483.22	397.29	402.77	274.8
Machinery	-	-	362.66	371.28	391.33	309.9
Construction In Progress	-	-	7.19	148.3	94.85	160.68
Order Backlog	-	-	132.22	-	-	-

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