SHE:300725 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	375.61	532.74	290.2	511.19	1,150	699.63
Short-Term Investments	-	-	618.48	984.26	303.46	100.74
Trading Asset Securities	687.58	735.57	465.61	105.35	163.3	304.43
Cash & Short-Term Investments	1,063	1,268	1,374	1,601	1,617	1,105
Cash Growth	12.99%	-7.71%	-14.15%	-1.01%	46.38%	-19.79%
Accounts Receivable	431.58	386.03	483.69	473.66	330.61	201.27
Other Receivables	3.27	2.99	1.92	2.62	1.83	2.11
Receivables	434.86	389.02	485.61	476.28	332.44	203.38
Inventory	655.42	655.24	840.17	724.79	676.39	447.94
Other Current Assets	492.27	363.19	16.88	15.88	33.8	47.89
Total Current Assets	2,646	2,676	2,717	2,818	2,660	1,804
Property, Plant & Equipment	1,677	1,653	1,684	1,753	1,661	1,173
Long-Term Investments	1,307	2,303	19.86	5.48	5.66	8.91
Goodwill	355.74	355.74	355.74	356.19	356.19	356.19
Other Intangible Assets	102.09	103.59	107.98	109.42	111.48	111.47
Long-Term Deferred Tax Assets	39.12	39.82	32.63	38.61	35.8	15.1
Long-Term Deferred Charges	14.81	10.13	6.94	10.14	9.18	7.24
Other Long-Term Assets	248.34	198.3	10.99	13.1	22.8	30.74
Total Assets	6,390	7,340	4,935	5,104	4,862	3,507
Accounts Payable	354.09	312.75	292.2	278.7	413.47	267.35
Accrued Expenses	55.05	95.54	91	104.71	88.18	60.61
Short-Term Debt	100.06	100.06	230.27	236.5	163.4	347.64
Current Portion of Long-Term Debt	4.73	4.75	52.74	371.43	17.29	7.95
Current Portion of Leases	-	-	1.26	1.99	-	1.82
Current Income Taxes Payable	25.02	32.45	16.96	15.7	0.85	0.15
Current Unearned Revenue	77.91	70.09	56.28	32.73	39.63	28.7
Other Current Liabilities	8.28	6.18	8.53	14.33	16.35	74.66
Total Current Liabilities	625.13	621.82	749.23	1,056	739.18	788.88
Long-Term Debt	-	-	1,127	1,138	1,392	23.6
Long-Term Leases	7.64	7.87	3.21	0.23	-	-
Long-Term Unearned Revenue	43.12	44.8	46.61	52.64	52.85	54.14
Long-Term Deferred Tax Liabilities	215.19	365.25	22.13	24.31	20.15	12.58
Total Liabilities	891.08	1,040	1,948	2,272	2,205	879.21
Common Stock	233.81	233.81	199.73	199.66	199.66	199.7
Additional Paid-In Capital	2,338	2,338	1,096	1,090	1,075	1,299
Retained Earnings	1,873	1,824	1,597	1,439	1,261	967.1
Treasury Stock	-30.04	-30.04	-30.04	-20.03	-	-35
Comprehensive Income & Other	1,085	1,935	125.24	123.52	121.74	-3.44
Total Common Equity	5,499	6,300	2,988	2,832	2,658	2,427
Minority Interest	-	-	-	-	0	200.29
Shareholders' Equity	5,499	6,300	2,988	2,832	2,658	2,628
Total Liabilities & Equity	6,390	7,340	4,935	5,104	4,862	3,507
Total Debt	112.42	112.67	1,414	1,749	1,573	381.02
Net Cash (Debt)	950.77	1,156	-39.71	-147.83	44.11	723.78
Net Cash Growth	-	-	-	-	-93.91%	-42.42%
Net Cash Per Share	4.38	5.53	-0.20	-0.73	0.22	3.63
Filing Date Shares Outstanding	232.79	231.48	198.89	198.83	199.66	199.7
Total Common Shares Outstanding	232.79	231.48	198.89	198.83	199.66	199.7
Working Capital	2,021	2,054	1,968	1,762	1,921	1,015
Book Value Per Share	23.62	27.22	15.02	14.24	13.31	12.16
Tangible Book Value	5,041	5,841	2,524	2,367	2,190	1,960
Tangible Book Value Per Share	21.65	25.23	12.69	11.90	10.97	9.81
Buildings	-	-	950.4	905.31	844.6	344.88
Machinery	-	-	1,052	1,025	792.72	510.13
Construction In Progress	-	-	232.68	256.23	357.53	575.32

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