SHE:300503 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	208.15	137.61	71.41	70.52	170.93	263.84
Trading Asset Securities	-	-	6.23	14.12	0.2	-
Cash & Short-Term Investments	208.15	137.61	77.64	84.65	171.13	263.84
Cash Growth	4.91%	77.24%	-8.28%	-50.54%	-35.14%	101.41%
Accounts Receivable	1,109	1,057	735.94	516.61	520.44	554.29
Other Receivables	9.77	36.31	22.05	18.58	23.96	31.31
Receivables	1,118	1,094	757.98	535.2	544.4	585.6
Inventory	610.69	559.02	485.6	476.79	487.76	489.11
Prepaid Expenses	-	0.2	0.11	0.72	0.35	0.41
Other Current Assets	52.74	11.11	8.64	7.25	9.3	14.17
Total Current Assets	1,990	1,802	1,330	1,105	1,213	1,353
Property, Plant & Equipment	1,110	1,031	927.09	952.75	1,070	846.72
Long-Term Investments	1.21	1.27	1.53	1.82	1.87	2.12
Goodwill	34.35	34.29	62.44	73.1	215.98	212.28
Other Intangible Assets	144.17	148.12	105.08	98.98	95.25	89.57
Long-Term Deferred Tax Assets	111.02	119.36	102.23	104.68	75.9	63.4
Long-Term Deferred Charges	8.33	7.72	15.07	16.53	9.41	18.37
Other Long-Term Assets	111.95	116.21	87.78	82.75	9.67	8.17
Total Assets	3,511	3,259	2,631	2,435	2,691	2,594
Accounts Payable	426.74	369.21	271.13	176.04	144.91	197.14
Accrued Expenses	58.31	93.85	73.79	72.07	64.07	65.65
Short-Term Debt	428.02	406.49	146.11	155.82	293.8	411.09
Current Portion of Long-Term Debt	213.97	194.34	143.4	148.2	18.86	12.7
Current Portion of Leases	-	9.01	6.54	5.97	77.18	53.18
Current Income Taxes Payable	33.84	7.06	2.76	1.35	4.04	9.02
Current Unearned Revenue	20.73	12.84	9.69	11.88	18.84	13.93
Other Current Liabilities	191.69	191.7	171.29	190.3	290.34	142.62
Total Current Liabilities	1,373	1,285	824.71	761.63	912.05	905.33
Long-Term Debt	432.93	350.27	433.99	405.58	286.25	162.83
Long-Term Leases	43.77	121.56	127.36	53.55	100.93	49.15
Long-Term Unearned Revenue	73.79	71.5	46.22	42.59	50.24	71.03
Pension & Post-Retirement Benefits	13.67	14	20.81	24.5	12.03	16.03
Long-Term Deferred Tax Liabilities	26.28	25.03	19.07	20.88	17.26	15.89
Other Long-Term Liabilities	58.29	-4.9	-32.57	24.27	24.03	30.25
Total Liabilities	2,022	1,862	1,440	1,333	1,403	1,251
Common Stock	308.23	308.23	306.07	306.07	306.07	306.07
Additional Paid-In Capital	619.93	615.3	548.42	533.8	533.8	553.33
Retained Earnings	508.57	417.64	314.6	231.7	425.67	442.79
Comprehensive Income & Other	37.03	40.51	20.45	28.84	20.96	-0.88
Total Common Equity	1,474	1,382	1,190	1,100	1,287	1,301
Minority Interest	15.27	15.77	2.08	1.79	1.27	41.94
Shareholders' Equity	1,489	1,397	1,192	1,102	1,288	1,343
Total Liabilities & Equity	3,511	3,259	2,631	2,435	2,691	2,594
Total Debt	1,119	1,082	857.4	769.12	777.03	688.95
Net Cash (Debt)	-910.55	-944.05	-779.76	-684.47	-605.91	-425.11
Net Cash Per Share	-3.00	-3.09	-2.54	-2.22	-2.11	-1.43
Filing Date Shares Outstanding	308.23	308.23	306.07	306.07	306.07	306.07
Total Common Shares Outstanding	308.23	308.23	306.07	306.07	306.07	306.07
Working Capital	616.65	517.04	505.26	342.96	300.88	447.79
Book Value Per Share	4.78	4.48	3.89	3.60	4.20	4.25
Tangible Book Value	1,295	1,199	1,022	928.34	975.28	999.46
Tangible Book Value Per Share	4.20	3.89	3.34	3.03	3.19	3.27
Buildings	-	693.92	663.09	668.81	803.53	177.26
Machinery	-	744.48	632.05	593.4	596.66	619.78
Construction In Progress	-	72.2	34.9	38.36	33.07	409.96

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