SHE:300523 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	591.08	790.86	664.27	749.48	1,230	593.27
Trading Asset Securities	0.34	0.34	0.34	0.34	40.05	-
Cash & Short-Term Investments	591.42	791.21	664.62	749.82	1,270	593.27
Cash Growth	-23.47%	19.05%	-11.36%	-40.98%	114.14%	-15.15%
Accounts Receivable	2,224	2,286	2,290	2,350	1,845	1,674
Other Receivables	37.95	39.03	67.58	70.09	65.15	44.91
Receivables	2,261	2,325	2,358	2,420	1,910	1,718
Inventory	264.05	230.16	386.44	314.88	556.17	522.98
Other Current Assets	150.15	146.62	54.37	66.39	79.7	15.85
Total Current Assets	3,267	3,493	3,463	3,551	3,816	2,851
Property, Plant & Equipment	129.37	130.18	147	160.92	176.63	189.27
Long-Term Investments	72.96	66.24	61.54	71.75	48.88	49.75
Goodwill	89.2	89.2	89.2	89.2	89.2	89.2
Other Intangible Assets	43.53	48.95	72.49	85.85	75.5	103.92
Long-Term Accounts Receivable	-	-	175.68	94.95	37.96	27.74
Long-Term Deferred Tax Assets	183.81	183.85	207.84	193.04	173.29	97.4
Long-Term Deferred Charges	4.27	4.68	12.23	15.56	31.71	18.18
Other Long-Term Assets	142.01	145.5	5.25	5.43	5.62	5.8
Total Assets	3,932	4,162	4,235	4,268	4,455	3,432
Accounts Payable	1,532	1,625	1,593	1,372	1,131	854.45
Accrued Expenses	37.62	57.23	72.2	97.05	206.04	97.76
Short-Term Debt	784.92	839.35	679.02	683.18	473.81	494.04
Current Portion of Long-Term Debt	96.63	119.75	40.16	-	-	-
Current Portion of Leases	-	-	8.7	8.52	12.09	13.44
Current Income Taxes Payable	22.28	42.17	8.73	34.2	52.68	17.65
Current Unearned Revenue	119.1	110.83	168.48	138.98	703.88	179.41
Other Current Liabilities	37.11	68.04	44.84	39.83	31.57	27.25
Total Current Liabilities	2,630	2,862	2,615	2,374	2,611	1,684
Long-Term Debt	31.85	13.05	99.46	-	-	-
Long-Term Leases	3.23	2.9	5.28	9.83	19.83	29.55
Long-Term Unearned Revenue	14.39	14.69	16.41	18.29	27.87	81.13
Long-Term Deferred Tax Liabilities	1.84	1.9	2.16	5.71	7.95	3.12
Other Long-Term Liabilities	26.24	26.58	31.72	52.24	57.95	5.13
Total Liabilities	2,707	2,921	2,770	2,460	2,724	1,803
Common Stock	232.64	232.64	232.64	232.64	232.64	232.64
Additional Paid-In Capital	809.76	801.81	786.96	786.69	778.18	779.85
Retained Earnings	-74.76	-45.04	176.02	498.15	418.51	411.62
Comprehensive Income & Other	0.26	0.83	-0.17	0.25	0.74	0.24
Total Common Equity	967.9	990.24	1,195	1,518	1,430	1,424
Minority Interest	256.91	250.62	268.92	289.68	300.62	204.49
Shareholders' Equity	1,225	1,241	1,464	1,807	1,731	1,629
Total Liabilities & Equity	3,932	4,162	4,235	4,268	4,455	3,432
Total Debt	916.63	975.04	832.61	701.54	505.72	537.03
Net Cash (Debt)	-325.21	-183.83	-168	48.28	764.72	56.24
Net Cash Growth	-	-	-	-93.69%	1259.84%	-87.21%
Net Cash Per Share	-1.39	-0.79	-0.72	0.21	3.33	0.24
Filing Date Shares Outstanding	228.61	231.39	232.64	232.64	232.64	232.64
Total Common Shares Outstanding	228.61	231.39	232.64	232.64	232.64	232.64
Working Capital	637.2	631.39	848.19	1,177	1,206	1,167
Book Value Per Share	4.23	4.28	5.14	6.52	6.15	6.12
Tangible Book Value	835.16	852.09	1,034	1,343	1,265	1,231
Tangible Book Value Per Share	3.65	3.68	4.44	5.77	5.44	5.29
Buildings	-	-	149.98	149.98	149.98	149.98
Machinery	-	-	89.66	89.13	94.5	84.49
Construction In Progress	-	-	-	-	-	0.68

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