SHE:300925 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	522.56	988.18	1,058	793.78	834.91	498.88
Short-Term Investments	-	-	-	-	240	50
Trading Asset Securities	275	185	335	506	268.59	160
Cash & Short-Term Investments	797.56	1,173	1,393	1,300	1,344	708.88
Cash Growth	-22.42%	-15.79%	7.18%	-3.26%	89.53%	-18.57%
Accounts Receivable	1,879	1,465	1,313	1,255	1,142	921.6
Other Receivables	33.56	29.47	19.66	16.04	18.18	13.82
Receivables	1,913	1,495	1,333	1,271	1,160	935.42
Inventory	116.74	98.41	72.27	32.27	28.73	9.89
Other Current Assets	188.58	244.2	92.04	17.19	19.21	17.11
Total Current Assets	3,015	3,011	2,890	2,621	2,551	1,671
Property, Plant & Equipment	95.46	72.89	38.86	46.74	79.52	90.99
Long-Term Investments	24.84	49.78	49.81	50.76	-	-
Other Intangible Assets	8.09	9.35	2	2.13	2.06	1.51
Long-Term Deferred Tax Assets	37.7	36.38	35.55	34.83	33.02	17.09
Long-Term Deferred Charges	4.82	5.47	13.89	5.74	8.11	25.99
Other Long-Term Assets	6	6.09	6.3	6.66	0.75	2.23
Total Assets	3,192	3,191	3,037	2,768	2,675	1,809
Accounts Payable	43.54	77.46	39.22	30.47	22.53	15.49
Accrued Expenses	452.84	490.01	496.68	447.36	394.21	366.81
Short-Term Debt	204.97	153.97	273.96	149.7	205.08	65.81
Current Portion of Long-Term Debt	20.06	21.68	-	-	-	-
Current Portion of Leases	-	-	20.2	19.89	21.91	30.53
Current Income Taxes Payable	119.33	118.1	0.38	-	13.18	4.15
Current Unearned Revenue	45.57	58.42	36.82	18.29	21.63	8.22
Other Current Liabilities	18.16	26.12	41.62	31.44	18.63	36.01
Total Current Liabilities	904.47	945.76	908.87	697.14	697.17	527.02
Long-Term Debt	-	-	-	6.3	444.7	-
Long-Term Leases	41.87	27.26	4.58	12.8	35.59	31.13
Long-Term Deferred Tax Liabilities	-	-	0	-	-	-
Total Liabilities	946.33	973.02	913.45	716.25	1,177	558.15
Common Stock	428.71	428.71	428.71	428.19	374.74	220.1
Additional Paid-In Capital	997.62	991.61	1,011	1,001	440.33	586.38
Retained Earnings	855.78	833.31	756.32	659.14	559.16	444.75
Treasury Stock	-36.1	-36.1	-73.18	-39	-21.46	-
Comprehensive Income & Other	-0.01	0.05	0.05	2.06	144.6	-0.24
Shareholders' Equity	2,246	2,218	2,123	2,051	1,497	1,251
Total Liabilities & Equity	3,192	3,191	3,037	2,768	2,675	1,809
Total Debt	266.89	202.91	298.73	188.69	707.28	127.47
Net Cash (Debt)	530.67	970.27	1,094	1,111	636.22	581.41
Net Cash Growth	-38.36%	-11.34%	-1.50%	74.64%	9.43%	-27.21%
Net Cash Per Share	1.28	2.32	2.59	2.95	1.72	1.55
Filing Date Shares Outstanding	449.52	395.99	421.78	425.62	372.16	374.17
Total Common Shares Outstanding	449.52	395.99	421.78	425.62	373.39	374.17
Working Capital	2,111	2,065	1,981	1,924	1,854	1,144
Book Value Per Share	5.00	5.60	5.03	4.82	4.01	3.34
Tangible Book Value	2,238	2,208	2,121	2,049	1,495	1,249
Tangible Book Value Per Share	4.98	5.58	5.03	4.81	4.00	3.34
Machinery	-	-	57.26	56.56	58.43	60.26

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