SHE:301018 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	894.19	592.88	506.81	533.44	262.43	295.8
Trading Asset Securities	2.87	203.38	82.29	0.09	-	-
Cash & Short-Term Investments	897.06	796.26	589.1	533.53	262.43	295.8
Cash Growth	58.01%	35.17%	10.42%	103.30%	-11.28%	-12.42%
Accounts Receivable	2,420	2,482	1,984	1,591	1,311	971.72
Other Receivables	38.83	31.46	37.77	33.96	23.56	23.04
Receivables	2,459	2,513	2,022	1,625	1,334	994.76
Inventory	1,292	869.05	863.41	695.73	585.86	628.24
Other Current Assets	149.27	70.71	51.25	392.01	50.17	77.51
Total Current Assets	4,797	4,249	3,526	3,246	2,233	1,996
Property, Plant & Equipment	1,802	1,815	1,573	1,304	1,180	1,031
Long-Term Investments	52.83	2.8	0.12	0.25	0.38	0.54
Other Intangible Assets	203.98	155.17	159.28	158.95	159.87	151.47
Long-Term Deferred Tax Assets	68.45	70.86	43.03	37.6	30.56	21.43
Long-Term Deferred Charges	31.15	30.82	1.7	2.3	1.7	0.21
Other Long-Term Assets	35.9	18.65	57.48	17.59	14.18	33.28
Total Assets	6,992	6,342	5,360	4,767	3,619	3,235
Accounts Payable	1,701	1,675	1,289	853.58	746.67	616.87
Accrued Expenses	45.95	111.94	143.29	86.74	55.9	63.8
Short-Term Debt	611.08	503.98	305.05	248.42	276.08	282.49
Current Portion of Long-Term Debt	279.06	170.13	177.37	52	0.44	-
Current Portion of Leases	-	-	5.18	8.09	5.89	2.79
Current Income Taxes Payable	34.21	59.58	0	0.77	0.51	5.55
Current Unearned Revenue	431.05	275.4	310.76	287.39	255.65	320.9
Other Current Liabilities	67.44	47.4	23.71	43.5	21.88	22.77
Total Current Liabilities	3,170	2,844	2,255	1,580	1,363	1,315
Long-Term Debt	805.25	516.93	349.32	488.22	440.62	275.35
Long-Term Leases	38.37	37.38	3.69	8.17	11.68	1.13
Long-Term Unearned Revenue	181.76	182.61	202.05	214.78	205.42	199.19
Long-Term Deferred Tax Liabilities	12.34	12.88	3.14	4.35	2.93	-
Total Liabilities	4,208	3,594	2,813	2,296	2,024	1,791
Common Stock	266.05	266.05	266.05	266.05	240.01	240.01
Additional Paid-In Capital	1,546	1,542	1,523	1,513	726.5	703.22
Retained Earnings	947.15	918.85	744.64	671.64	619.66	496.6
Comprehensive Income & Other	0.04	0.35	0.17	0.19	0.19	0.25
Total Common Equity	2,760	2,727	2,534	2,451	1,586	1,440
Minority Interest	24.63	21.74	13.35	19.47	9.15	3.74
Shareholders' Equity	2,784	2,749	2,547	2,471	1,596	1,444
Total Liabilities & Equity	6,992	6,342	5,360	4,767	3,619	3,235
Total Debt	1,734	1,228	840.62	804.9	734.71	561.77
Net Cash (Debt)	-836.69	-432.15	-251.52	-271.38	-472.28	-265.96
Net Cash Per Share	-3.17	-1.61	-0.94	-1.03	-1.96	-1.27
Filing Date Shares Outstanding	257.33	266.45	266.05	266.05	264.58	240.01
Total Common Shares Outstanding	257.33	266.45	266.05	266.05	240.01	240.01
Working Capital	1,627	1,406	1,271	1,666	869.76	681.15
Book Value Per Share	10.72	10.23	9.52	9.21	6.61	6.00
Tangible Book Value	2,556	2,572	2,374	2,292	1,426	1,289
Tangible Book Value Per Share	9.93	9.65	8.92	8.62	5.94	5.37
Buildings	-	-	1,090	1,022	810.98	254.94
Machinery	-	-	386.38	359.34	282.98	201.51
Construction In Progress	-	-	387.77	149.12	280.85	758.78

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