SHE:300707 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	638.55	635.16	566.85	757.69	410.72	334.68
Trading Asset Securities	-	-	-	-	-	0.37
Cash & Short-Term Investments	638.55	635.16	566.85	757.69	410.72	335.05
Cash Growth	8.27%	12.05%	-25.19%	84.48%	22.59%	-30.81%
Accounts Receivable	210.62	226.41	284.7	290.67	291.25	248.34
Other Receivables	2.56	2.07	12.14	12.82	4.29	1.41
Receivables	213.19	228.48	296.84	303.49	295.55	249.74
Inventory	257.08	272.09	291.76	260.28	173.26	182.48
Other Current Assets	23.71	20.67	11.87	21.13	19	14.97
Total Current Assets	1,133	1,156	1,167	1,343	898.52	782.24
Property, Plant & Equipment	584.58	598.45	500.94	496.25	445.39	328.09
Long-Term Investments	38.08	40	52	51.56	51.69	30.44
Goodwill	-	-	-	-	5.39	5.39
Other Intangible Assets	81.51	82.68	86.37	54.56	52.33	52.88
Long-Term Deferred Tax Assets	13.47	15.04	19.64	13.35	13.87	8.68
Long-Term Deferred Charges	15.17	10.85	21.49	11.5	17.77	22.83
Other Long-Term Assets	1.71	1.71	34	10.31	2.67	38.5
Total Assets	1,867	1,905	1,882	1,980	1,488	1,269
Accounts Payable	153.6	149.63	134.13	170.55	116.02	93.19
Accrued Expenses	22.77	31.78	34.58	35.12	35.05	31.42
Short-Term Debt	-	-	30.02	72.06	60.06	30.03
Current Portion of Long-Term Debt	339.42	334.06	2.84	14.97	24.07	10
Current Portion of Leases	-	-	6.49	5.99	8.88	3.03
Current Income Taxes Payable	6.62	11.67	4.19	3.76	6.39	3.39
Current Unearned Revenue	132.01	145.68	117.41	103.47	30.31	16.51
Other Current Liabilities	12.78	16.89	21.06	6.49	3	4.78
Total Current Liabilities	667.21	689.72	350.72	412.41	283.78	192.34
Long-Term Debt	6.03	7.04	322.3	327.13	338.98	276.87
Long-Term Leases	9.93	10.35	17.76	20.82	15.79	3.8
Long-Term Unearned Revenue	3.3	3.53	2.33	3	3.36	3.95
Long-Term Deferred Tax Liabilities	4.96	5.03	9.13	9.56	11.7	7
Other Long-Term Liabilities	12.9	12.02	23.62	22.35	12.75	13.28
Total Liabilities	704.33	727.68	725.86	795.26	666.35	497.23
Common Stock	176.54	176.54	177	176.98	156.99	157.03
Additional Paid-In Capital	563.15	562.81	565.5	568.53	242.25	242.22
Retained Earnings	394.34	405.91	387.13	374.97	364.08	313.02
Treasury Stock	-30.86	-30.86	-34.04	-	-1.15	-2.44
Comprehensive Income & Other	54.38	57.87	54.88	59.44	53.2	53.86
Total Common Equity	1,158	1,172	1,150	1,180	815.37	763.68
Minority Interest	5.17	5.19	5.44	4.96	5.91	8.14
Shareholders' Equity	1,163	1,177	1,156	1,185	821.29	771.82
Total Liabilities & Equity	1,867	1,905	1,882	1,980	1,488	1,269
Total Debt	355.38	351.45	379.41	440.97	447.78	323.72
Net Cash (Debt)	283.17	283.71	187.44	316.72	-37.06	11.33
Net Cash Growth	37.04%	51.36%	-40.82%	-	-	-94.13%
Net Cash Per Share	1.60	1.60	1.07	1.65	-0.22	0.07
Filing Date Shares Outstanding	176.6	175.91	174.78	176.98	155.87	155.74
Total Common Shares Outstanding	176.6	175.91	174.78	176.98	155.87	155.74
Working Capital	465.32	466.69	816.61	930.19	614.74	589.9
Book Value Per Share	6.55	6.66	6.58	6.67	5.23	4.90
Tangible Book Value	1,076	1,090	1,064	1,125	757.65	705.41
Tangible Book Value Per Share	6.09	6.19	6.09	6.36	4.86	4.53
Buildings	-	-	235.75	223.09	209.15	90.89
Machinery	-	-	512.47	479.03	339.12	301.24
Construction In Progress	-	-	24.58	15.71	62.4	86.1

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