SHE:301010 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	150.52	161.82	138.85	233.03	210.77	197.14
Trading Asset Securities	-	-	-	10.11	30.05	90.04
Cash & Short-Term Investments	150.52	161.82	138.85	243.14	240.82	287.18
Cash Growth	-5.50%	16.54%	-42.89%	0.97%	-16.14%	76.14%
Accounts Receivable	371.95	472.74	421.5	472.42	388.18	377.08
Other Receivables	6.42	4.99	3.31	6.41	5.68	4.24
Receivables	378.37	477.74	424.8	478.83	393.85	381.32
Inventory	506.51	456.51	587.87	696.19	653.24	565.17
Prepaid Expenses	-	-	1.37	1.7	0.93	0.05
Other Current Assets	92.33	71.89	84.02	93.98	68.93	55.01
Total Current Assets	1,128	1,168	1,237	1,514	1,358	1,289
Property, Plant & Equipment	153.25	157.28	192.09	210.78	216.39	154.78
Long-Term Investments	0.22	0.23	10.31	-	-	-
Other Intangible Assets	47.42	47.87	46.03	46.22	47.04	45.9
Long-Term Deferred Tax Assets	33.2	32.92	29.99	27.53	26.5	22.87
Long-Term Deferred Charges	5.29	5.49	6.18	5.82	2.7	2.83
Other Long-Term Assets	20.72	21.07	12.17	11.29	10.01	8.92
Total Assets	1,388	1,433	1,534	1,815	1,660	1,524
Accounts Payable	179.12	226.24	288.13	456.04	372.31	331.79
Accrued Expenses	5.54	15.24	21.05	24.89	22.55	21.18
Short-Term Debt	69.34	71.3	68.85	39.53	45.04	30.03
Current Portion of Long-Term Debt	0.59	10.59	0.01	5.01	-	-
Current Portion of Leases	-	-	0.7	0.67	0.64	0.84
Current Income Taxes Payable	1.04	8.78	0.24	2.84	2.37	8.77
Current Unearned Revenue	274.22	243.55	273.55	405.12	379.12	310.38
Other Current Liabilities	3.98	3.69	3.29	9.33	5.04	6.7
Total Current Liabilities	533.83	579.39	655.82	943.43	827.08	709.69
Long-Term Debt	-	-	10	10	-	-
Long-Term Leases	0.67	0.82	1	1.7	2.38	2.77
Long-Term Unearned Revenue	14.48	15.3	18.57	21.83	23.13	20.11
Other Long-Term Liabilities	9.97	10.5	8.7	6.82	4.32	6.95
Total Liabilities	558.96	606.01	694.09	983.78	856.91	739.52
Common Stock	108	108	108	108	108	108
Additional Paid-In Capital	396.5	396.5	396.5	396.5	396.5	396.5
Retained Earnings	318.28	316.1	329.36	321.01	293.62	275.46
Comprehensive Income & Other	5.88	5.99	5.48	5.91	4.93	4.06
Total Common Equity	828.65	826.58	839.34	831.42	803.05	784.02
Minority Interest	0.23	0.23	0.26	0.27	0.45	0.48
Shareholders' Equity	828.88	826.81	839.6	831.7	803.5	784.5
Total Liabilities & Equity	1,388	1,433	1,534	1,815	1,660	1,524
Total Debt	70.61	82.72	80.56	56.92	48.06	33.64
Net Cash (Debt)	79.92	79.11	58.3	186.22	192.75	253.54
Net Cash Growth	1.29%	35.70%	-68.70%	-3.39%	-23.97%	108.28%
Net Cash Per Share	0.74	0.73	0.54	1.72	1.78	2.68
Filing Date Shares Outstanding	108.02	107.95	108	108	108	108
Total Common Shares Outstanding	108.02	107.95	108	108	108	108
Working Capital	593.9	588.57	581.09	570.41	530.69	579.03
Book Value Per Share	7.67	7.66	7.77	7.70	7.44	7.26
Tangible Book Value	781.24	778.71	793.31	785.2	756.01	738.12
Tangible Book Value Per Share	7.23	7.21	7.35	7.27	7.00	6.83
Buildings	-	-	181.22	181.22	180.89	95.06
Machinery	-	-	183.86	184.41	169.36	133.22
Construction In Progress	-	-	-	-	2.38	50.17

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