SHE:300905 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	119.15	224.56	377.02	142.91	103.69	234.02
Trading Asset Securities	336.81	236.47	90.86	312.9	301.73	383.25
Cash & Short-Term Investments	455.96	461.03	467.87	455.81	405.43	617.27
Cash Growth	-3.08%	-1.46%	2.65%	12.43%	-34.32%	-29.39%
Accounts Receivable	510.48	528.66	383.97	362.02	180.16	152.49
Other Receivables	0.54	0.43	0.38	0.59	0.52	0.52
Receivables	511.02	529.09	384.36	362.62	180.68	153
Inventory	229.1	187.8	196.43	177.69	124	112.82
Prepaid Expenses	-	-	-	0	12.12	-
Other Current Assets	37.97	27.1	13.04	14.54	8.33	14.72
Total Current Assets	1,234	1,205	1,062	1,011	730.55	897.82
Property, Plant & Equipment	773.83	783.84	757.04	713.77	658	441.63
Long-Term Investments	5.46	3.27	2.04	2.43	-	-
Goodwill	220	220	220	220	1.61	-
Other Intangible Assets	47.98	49.97	57.56	60.16	17.73	11.65
Long-Term Deferred Tax Assets	3.62	3.83	2.84	2.93	1.37	1.34
Long-Term Deferred Charges	7.33	6.44	5.82	7.95	10.27	9.28
Other Long-Term Assets	10.33	9.55	24.6	10.52	10.24	65.31
Total Assets	2,303	2,282	2,132	2,028	1,430	1,427
Accounts Payable	157.7	147.26	128.89	148.07	95.88	113.01
Accrued Expenses	7.41	15.84	20.98	17.12	14.46	13.73
Short-Term Debt	2.7	10.36	11.68	20.25	10.82	-
Current Portion of Long-Term Debt	15	10.02	0	-	-	-
Current Portion of Leases	-	-	0.33	0.38	0.23	0.64
Current Income Taxes Payable	18.17	28.68	9.11	6.24	6.4	5.15
Current Unearned Revenue	6.66	3.89	2.46	1.65	2.01	3.28
Other Current Liabilities	3	2.34	0.96	1.59	0.89	1.56
Total Current Liabilities	210.65	218.39	174.4	195.29	130.69	137.37
Long-Term Debt	80	90.02	59.9	-	-	-
Long-Term Leases	0.94	0	0.02	0.4	0.49	0.7
Long-Term Unearned Revenue	2.12	2.18	2.41	2.65	2.89	3.15
Long-Term Deferred Tax Liabilities	1.63	1.87	3.13	4.4	-	-
Total Liabilities	295.34	312.45	239.87	202.75	134.07	141.22
Common Stock	179.02	178.79	177.83	176.3	144	144
Additional Paid-In Capital	1,354	1,351	1,336	1,305	877.17	877.17
Retained Earnings	447.96	412.8	350.55	324.64	253.95	264.65
Comprehensive Income & Other	1.44	1.24	1.45	2.32	2.19	-
Total Common Equity	1,982	1,944	1,866	1,808	1,277	1,286
Minority Interest	25.23	25.96	25.58	17.6	18.4	-
Shareholders' Equity	2,007	1,969	1,892	1,826	1,296	1,286
Total Liabilities & Equity	2,303	2,282	2,132	2,028	1,430	1,427
Total Debt	98.64	110.4	71.93	21.03	11.54	1.35
Net Cash (Debt)	357.32	350.63	395.95	434.77	393.89	615.92
Net Cash Growth	-10.65%	-11.45%	-8.93%	10.38%	-36.05%	-29.54%
Net Cash Per Share	2.02	1.97	2.22	2.71	2.77	4.29
Filing Date Shares Outstanding	175.83	181.43	177.83	176.3	144	144
Total Common Shares Outstanding	175.83	181.43	177.83	176.3	144	144
Working Capital	1,023	986.64	887.3	815.36	599.86	760.45
Book Value Per Share	11.27	10.71	10.49	10.26	8.87	8.93
Tangible Book Value	1,714	1,674	1,589	1,528	1,258	1,274
Tangible Book Value Per Share	9.75	9.22	8.93	8.67	8.74	8.85
Buildings	-	-	877.13	716.7	259.3	57.12
Machinery	-	-	29.95	29.24	392.88	139.17
Construction In Progress	36.95	-	78.34	142.68	113.52	314.46

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