SHE:301009 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	801.61	811.16	613.7	863.06	689.46	884.04
Trading Asset Securities	121.29	190.92	250.05	-	-	-
Cash & Short-Term Investments	922.9	1,002	863.75	863.06	689.46	884.04
Cash Growth	4.88%	16.02%	0.08%	25.18%	-22.01%	92.50%
Accounts Receivable	234.78	222.37	226.15	196.3	264.29	176.93
Other Receivables	6.45	4.38	4.31	5.16	5.32	4.91
Receivables	241.23	226.75	230.47	201.46	269.61	181.84
Inventory	143.13	141.16	141.88	114.82	182.42	153.95
Prepaid Expenses	-	-	-	-	-	1.95
Other Current Assets	51.14	31.36	39.56	25.39	17.04	32.01
Total Current Assets	1,358	1,401	1,276	1,205	1,159	1,254
Property, Plant & Equipment	627.73	639.83	686.73	663.37	670.41	694.84
Long-Term Investments	11.96	11.1	16.87	9.7	0.25	0.25
Other Intangible Assets	92.83	90.69	81.68	82.51	84.86	86.99
Long-Term Deferred Tax Assets	11.57	11.96	11.36	10.06	8.19	2.07
Long-Term Deferred Charges	14.53	15.53	17.1	20.44	21.21	23.45
Other Long-Term Assets	33.06	7.25	0.16	1.21	5.19	24.24
Total Assets	2,150	2,178	2,090	1,992	1,949	2,086
Accounts Payable	485.03	465.1	480.96	439.02	429.92	528.46
Accrued Expenses	15.86	21.38	33.94	28.85	28.82	27.79
Short-Term Debt	160.18	200.14	100.13	2.78	-	-
Current Portion of Long-Term Debt	2.54	3.95	-	-	-	-
Current Portion of Leases	-	-	3.7	3.39	1.35	1.54
Current Income Taxes Payable	2.56	6.81	0.01	1.26	3.5	0
Current Unearned Revenue	6.41	4.61	5.9	6.01	7.05	5.99
Other Current Liabilities	9.79	8.97	3.03	4	3.9	2.9
Total Current Liabilities	682.37	710.96	627.67	485.3	474.54	566.67
Long-Term Leases	4.25	4.98	8.18	11.88	3.29	5.07
Long-Term Unearned Revenue	39.1	40.44	42.2	45.22	39.05	6.84
Total Liabilities	725.72	756.38	678.06	542.4	516.88	578.59
Common Stock	271.86	271.86	271.86	271.86	271.86	271.86
Additional Paid-In Capital	723.24	723.24	723.24	723.24	723.24	723.24
Retained Earnings	407.98	406.1	388.68	377.64	357.46	419.62
Treasury Stock	-49.69	-49.69	-49.69	-	-	-
Comprehensive Income & Other	-9.9	-9.91	-0.01	-0.01	-0	0.01
Total Common Equity	1,343	1,342	1,334	1,373	1,353	1,415
Minority Interest	80.87	79.73	77.43	76.88	79.2	92.32
Shareholders' Equity	1,424	1,421	1,412	1,450	1,432	1,507
Total Liabilities & Equity	2,150	2,178	2,090	1,992	1,949	2,086
Total Debt	166.97	209.06	112.01	18.05	4.64	6.61
Net Cash (Debt)	755.93	793.02	751.74	845.01	684.82	877.44
Net Cash Growth	-1.60%	5.49%	-11.04%	23.39%	-21.95%	143.68%
Net Cash Per Share	2.93	3.07	2.89	2.93	2.54	3.75
Filing Date Shares Outstanding	264.76	232.41	266.42	268.51	271.86	271.86
Total Common Shares Outstanding	264.76	232.41	266.42	271.86	271.86	271.86
Working Capital	676.03	690.39	647.99	719.42	683.99	687.12
Book Value Per Share	5.07	5.77	5.01	5.05	4.98	5.20
Tangible Book Value	1,251	1,251	1,252	1,290	1,268	1,328
Tangible Book Value Per Share	4.72	5.38	4.70	4.75	4.66	4.88
Buildings	-	-	339.85	299.52	299.19	295.64
Machinery	-	-	588.05	525.39	56.77	565.38
Construction In Progress	-	-	83.45	107.12	93.89	31.61

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