SHE:300911 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	57.02	89.18	925.51	1,455	1,019	961.12
Trading Asset Securities	365.48	411.81	260.87	-	-	280.24
Cash & Short-Term Investments	422.49	501	1,186	1,455	1,019	1,241
Cash Growth	-63.61%	-57.77%	-18.48%	42.80%	-17.90%	19.53%
Accounts Receivable	37.44	70.67	162.86	123.35	56.27	70.3
Other Receivables	26.19	33.46	18.96	1.3	10	9.13
Receivables	63.63	104.13	181.82	124.66	66.27	79.44
Inventory	50.59	49.06	81.62	88.23	97.81	105.75
Prepaid Expenses	-	1.77	0.01	4.98	-	2.22
Other Current Assets	37.25	11.92	8.87	15.5	20.91	26.01
Total Current Assets	573.96	667.87	1,459	1,689	1,204	1,455
Property, Plant & Equipment	646.72	670.03	788.92	560.34	448.84	228.81
Long-Term Investments	755.82	756.09	20.99	17.92	24.34	21.82
Other Intangible Assets	81.74	83.92	91.9	71.31	70.33	71.15
Long-Term Accounts Receivable	-	8.42	-	-	-	-
Long-Term Deferred Tax Assets	44.43	43.53	38.61	27.81	36.98	25.19
Long-Term Deferred Charges	0.11	1.25	1.12	6.52	9.2	4.25
Other Long-Term Assets	9.04	0.46	0.64	2.88	42.33	3.22
Total Assets	2,112	2,232	2,401	2,375	1,836	1,809
Accounts Payable	212.86	237.53	329.62	260.6	315.81	367.73
Accrued Expenses	3.35	18.41	35.83	39.18	30.81	60.11
Current Portion of Long-Term Debt	-	0.13	0.08	0.04	-	-
Current Portion of Leases	-	212.45	1.29	1.25	2.35	2.47
Current Income Taxes Payable	-	0	12.95	7.14	16.07	23.71
Current Unearned Revenue	20.9	21.64	48.19	27.89	35.61	58.31
Other Current Liabilities	218.38	30.9	24.19	27.74	45.8	64.18
Total Current Liabilities	455.5	521.06	452.16	363.84	446.44	576.51
Long-Term Debt	413.78	408.28	460.41	435.72	-	-
Long-Term Leases	2.47	55.7	1.69	-	1.25	3.44
Long-Term Unearned Revenue	68.04	70.47	79.22	43.84	41.4	36.23
Long-Term Deferred Tax Liabilities	-	-	-	-	3.41	3.03
Total Liabilities	971.1	1,056	993.48	843.4	492.5	619.22
Common Stock	183.34	183.34	138.46	106.75	107.4	108.09
Additional Paid-In Capital	683.06	682.98	640.34	670.12	677.29	693.69
Retained Earnings	249.67	285.08	594.33	673.28	558.7	413.84
Treasury Stock	-50	-50	-50	-	-19.1	-42.81
Comprehensive Income & Other	74.66	74.66	84.27	81.91	19.33	17.19
Total Common Equity	1,141	1,176	1,407	1,532	1,344	1,190
Shareholders' Equity	1,141	1,176	1,407	1,532	1,344	1,190
Total Liabilities & Equity	2,112	2,232	2,401	2,375	1,836	1,809
Total Debt	416.25	676.56	463.47	437.02	3.6	5.91
Net Cash (Debt)	6.24	-175.56	722.91	1,018	1,016	1,235
Net Cash Growth	-99.11%	-	-29.01%	0.27%	-17.80%	18.96%
Net Cash Per Share	0.03	-0.96	4.02	5.64	5.62	6.84
Filing Date Shares Outstanding	183.36	181.05	177.72	180.41	181.5	182.68
Total Common Shares Outstanding	183.36	181.05	177.72	180.41	181.5	182.68
Working Capital	118.46	146.81	1,007	1,325	757.67	878.27
Book Value Per Share	6.22	6.50	7.92	8.49	7.40	6.51
Tangible Book Value	1,059	1,092	1,316	1,461	1,273	1,119
Tangible Book Value Per Share	5.78	6.03	7.40	8.10	7.02	6.12
Buildings	-	445.85	461.57	448.69	293.67	122.76
Machinery	-	481.24	491.56	227.43	141.58	121.13
Construction In Progress	-	4.31	8.27	12.92	106.67	58.38

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