SHE:300712 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	Dec '21 Dec 31, 2021
Cash & Equivalents	398.32	317.72	459.1	727.83	437.16	528.09
Trading Asset Securities	-	-	-	-	-	1.23
Cash & Short-Term Investments	398.32	317.72	459.1	727.83	437.16	529.32
Cash Growth	10.26%	-30.80%	-36.92%	66.49%	-17.41%	48.79%
Accounts Receivable	1,568	1,677	1,967	1,799	1,546	1,349
Other Receivables	35.84	24.1	358.21	326.31	312.38	46.49
Receivables	1,604	1,701	2,326	2,125	1,858	1,395
Inventory	155.46	167.65	418.14	193.71	144.76	156.61
Prepaid Expenses	-	-	-	-	-	0.88
Other Current Assets	250.48	246.03	42.75	28.14	23.52	276.02
Total Current Assets	2,408	2,432	3,246	3,075	2,464	2,358
Property, Plant & Equipment	658.94	662.43	661.85	617.85	547.56	406.55
Long-Term Investments	357.19	320.59	276.92	319.36	282.52	170.49
Goodwill	19.01	18.91	8.84	9.68	9.68	11.97
Other Intangible Assets	47.43	46.6	44.73	51	37.02	40.54
Long-Term Accounts Receivable	-	-	53.54	145.77	-	-
Long-Term Deferred Tax Assets	66.52	68.14	66.9	73.4	37.64	27.38
Long-Term Deferred Charges	3.04	3.8	3.86	1.18	0.69	0.28
Other Long-Term Assets	96.2	95.16	41.51	26.01	4.44	10.74
Total Assets	3,656	3,648	4,404	4,319	3,383	3,026
Accounts Payable	846.99	895.49	1,450	1,301	1,186	785.58
Accrued Expenses	27.98	37.06	49.93	50.08	35.72	43.46
Short-Term Debt	704.47	722.24	826.52	806.65	359.19	719.02
Current Portion of Long-Term Debt	290.46	285.32	185.09	79.69	66.12	4.08
Current Portion of Leases	-	-	4.45	5.92	7.64	0.99
Current Income Taxes Payable	16.49	11.74	0.45	0.63	5.45	6.77
Current Unearned Revenue	130.36	80.97	52.72	76.78	86.72	164.14
Other Current Liabilities	106.82	120.13	189.72	101.38	41.16	48.25
Total Current Liabilities	2,124	2,153	2,759	2,422	1,788	1,772
Long-Term Debt	125.5	83.8	181.02	220.77	150.04	52.62
Long-Term Leases	18.91	15.96	18.09	31.11	18.24	2.92
Long-Term Unearned Revenue	21.89	22.19	23.28	24.25	24.25	24.25
Long-Term Deferred Tax Liabilities	32.02	31.45	40.63	53.61	20.62	5.41
Other Long-Term Liabilities	62.25	65.89	58.78	133.43	-	-
Total Liabilities	2,384	2,372	3,081	2,885	2,001	1,857
Common Stock	187.55	187.55	187.55	187.55	185.25	182.1
Additional Paid-In Capital	633.49	633.37	632.29	631.97	616.6	537.69
Retained Earnings	528.77	526.26	516.62	498.86	463.06	397.36
Treasury Stock	-83.34	-83.34	-55.05	-	-	-
Comprehensive Income & Other	13.91	10.65	9.67	71.9	74.28	-0.3
Total Common Equity	1,280	1,274	1,291	1,390	1,339	1,117
Minority Interest	-8.15	1.37	32.1	43.98	43.07	51.71
Shareholders' Equity	1,272	1,276	1,323	1,434	1,382	1,169
Total Liabilities & Equity	3,656	3,648	4,404	4,319	3,383	3,026
Total Debt	1,139	1,107	1,215	1,144	601.23	779.63
Net Cash (Debt)	-741.02	-789.6	-756.07	-416.31	-164.07	-250.31
Net Cash Per Share	-3.95	-4.21	-4.03	-2.24	-0.88	-1.34
Filing Date Shares Outstanding	184.58	184.43	185.22	187.11	185.25	182.1
Total Common Shares Outstanding	184.58	184.43	185.22	187.55	185.25	182.1
Working Capital	284.46	279.52	486.81	653.17	675.87	585.84
Book Value Per Share	6.94	6.91	6.97	7.41	7.23	6.13
Tangible Book Value	1,214	1,209	1,237	1,330	1,292	1,064
Tangible Book Value Per Share	6.58	6.56	6.68	7.09	6.98	5.84
Land	-	-	27.58	-	-	-
Buildings	-	-	297.37	251.46	235.71	231.79
Machinery	-	-	284.45	101.79	62.61	75.15
Construction In Progress	-	-	86.35	327.79	289.63	172.77

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