SHE:300875 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	94.6	109.52	217.82	388.18	484.73	714.5
Trading Asset Securities	86.06	71.02	89.11	47.2	8.31	100.05
Cash & Short-Term Investments	180.67	180.53	306.93	435.37	493.03	814.55
Cash Growth	-30.41%	-41.18%	-29.50%	-11.70%	-39.47%	-8.39%
Accounts Receivable	271.08	336.72	185.09	211.6	221.93	171.55
Other Receivables	18.03	19.08	10.05	8.7	14.59	7.54
Receivables	289.12	355.8	195.14	220.3	236.52	179.09
Inventory	205.92	167.14	178.25	198.55	192.61	48.57
Other Current Assets	65.1	67.75	63.61	48.83	54.08	14.23
Total Current Assets	740.8	771.22	743.93	903.05	976.24	1,056
Property, Plant & Equipment	312.97	316.9	309.46	331.84	321.91	247.72
Long-Term Investments	105.76	113.59	111.67	67.34	67.38	31.99
Goodwill	54.9	54.9	48.34	138.03	188.8	182.08
Other Intangible Assets	55.99	56.59	64.7	74.41	81.18	76.39
Long-Term Accounts Receivable	-	-	4.58	3.24	2.45	-
Long-Term Deferred Tax Assets	17.05	15.05	17.37	16.8	12.11	9.89
Long-Term Deferred Charges	6.62	6.74	6.75	6.13	7.77	6.73
Other Long-Term Assets	8.89	9.64	1.23	10.03	22.19	23.48
Total Assets	1,303	1,345	1,308	1,551	1,680	1,635
Accounts Payable	73.25	60.4	65.01	51.81	42.68	28.83
Accrued Expenses	15	25.2	33.03	40.89	47.17	22.63
Short-Term Debt	30.04	30.04	8.51	2.57	3	1.6
Current Portion of Long-Term Debt	4.74	4.64	-	-	-	-
Current Portion of Leases	-	-	5.24	4.81	4.93	3.91
Current Income Taxes Payable	5.02	7.56	1.11	3.07	9.77	6.13
Current Unearned Revenue	72.32	58.42	71.17	56.83	53.85	10.89
Other Current Liabilities	153.32	204.27	77.95	42.04	101.91	135.71
Total Current Liabilities	353.69	390.53	262.01	202.02	263.32	209.69
Long-Term Debt	4	4	-	-	-	-
Long-Term Leases	4.37	4.02	5.01	8.46	13.23	10.43
Long-Term Unearned Revenue	6.69	6.97	8.06	8.04	8.03	6.48
Long-Term Deferred Tax Liabilities	0.15	0.13	1.08	1.85	2.45	2.58
Total Liabilities	368.91	405.66	276.17	220.37	287.02	229.18
Common Stock	99.83	99.83	99.83	99.83	99.83	76.8
Additional Paid-In Capital	976.58	976.58	975.08	982.95	981.96	1,005
Retained Earnings	-216.74	-209.19	-96.7	181.56	249.46	289.93
Treasury Stock	-16.88	-16.88	-16.88	-	-	-
Comprehensive Income & Other	6.74	5.92	4.13	1.96	0.25	-
Total Common Equity	849.54	856.27	965.47	1,266	1,332	1,372
Minority Interest	84.54	82.7	66.38	64.2	61.5	33.95
Shareholders' Equity	934.08	938.97	1,032	1,331	1,393	1,406
Total Liabilities & Equity	1,303	1,345	1,308	1,551	1,680	1,635
Total Debt	43.15	42.71	18.76	15.84	21.16	15.94
Net Cash (Debt)	137.51	137.83	288.17	419.54	471.87	798.62
Net Cash Growth	-40.78%	-52.17%	-31.31%	-11.09%	-40.91%	-10.18%
Net Cash Per Share	1.41	1.38	2.90	4.20	4.60	7.73
Filing Date Shares Outstanding	94.35	95.71	99.13	99.83	99.83	99.83
Total Common Shares Outstanding	94.35	95.71	99.13	99.83	99.83	99.83
Working Capital	387.11	380.69	481.92	701.04	712.93	846.76
Book Value Per Share	9.00	8.95	9.74	12.68	13.34	13.74
Tangible Book Value	738.64	744.78	852.43	1,054	1,062	1,113
Tangible Book Value Per Share	7.83	7.78	8.60	10.56	10.63	11.15
Buildings	-	-	305.41	300.03	205.01	184.73
Machinery	-	-	46.84	57.95	48.92	36.01
Construction In Progress	-	-	0.28	0.68	76.25	27.24

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