SHE:301048 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	1,192	982.36	853.61	743.93	463.9	504.66
Cash & Short-Term Investments	1,192	982.36	853.61	743.93	463.9	504.66
Cash Growth	28.61%	15.08%	14.74%	60.36%	-8.08%	-14.99%
Accounts Receivable	2,101	2,347	2,268	1,907	2,073	1,382
Other Receivables	14.15	16.95	14.71	18.78	21.92	21.63
Receivables	2,115	2,364	2,282	1,926	2,095	1,403
Inventory	1,189	1,138	1,089	1,163	1,007	1,143
Other Current Assets	72.38	71.03	12.68	18.05	16.05	39.97
Total Current Assets	4,569	4,556	4,237	3,850	3,582	3,091
Property, Plant & Equipment	723.99	729.18	707.5	696.31	707.03	619.74
Long-Term Investments	-	-	-	5.17	4.07	3.79
Other Intangible Assets	216.92	218.71	224.42	229.98	234.44	239.26
Long-Term Accounts Receivable	-	-	-	4.68	-	-
Long-Term Deferred Tax Assets	66.66	67.41	64.85	56.11	53.84	57.27
Other Long-Term Assets	156.06	164.01	186.3	160.05	64.59	51.77
Total Assets	5,732	5,735	5,420	5,003	4,646	4,063
Accounts Payable	2,151	2,148	2,014	1,803	1,741	1,465
Accrued Expenses	14.93	40.85	40.51	26.1	66.81	20.73
Short-Term Debt	100.06	150.1	250.19	250.17	250.2	140.11
Current Portion of Leases	-	5.99	7.29	3.72	2.99	4.79
Current Income Taxes Payable	8.29	8.05	7.75	9.37	9.9	16.47
Current Unearned Revenue	231.65	229.3	138.48	101.58	33.14	121.55
Other Current Liabilities	134.35	107.8	107.05	130.13	116.6	125.98
Total Current Liabilities	2,640	2,690	2,565	2,324	2,220	1,895
Long-Term Leases	26.78	26.64	15.55	17.71	20.26	19.33
Long-Term Unearned Revenue	132.56	125.67	128.89	132.11	135.32	138.54
Other Long-Term Liabilities	5.49	13.42	10.98	3.17	16.11	39.84
Total Liabilities	2,805	2,856	2,720	2,477	2,392	2,093
Common Stock	533.33	533.33	533.33	533.33	533.33	533.33
Additional Paid-In Capital	985.16	985.16	985.16	985.16	985.16	985.16
Retained Earnings	1,340	1,293	1,124	959.88	690.38	451.7
Comprehensive Income & Other	6.67	6.43	4.62	2.71	0.84	-
Total Common Equity	2,865	2,818	2,647	2,481	2,210	1,970
Minority Interest	61.43	60.78	52.69	44.85	44.11	-
Shareholders' Equity	2,927	2,879	2,700	2,526	2,254	1,970
Total Liabilities & Equity	5,732	5,735	5,420	5,003	4,646	4,063
Total Debt	126.84	182.73	273.03	271.59	273.44	164.24
Net Cash (Debt)	1,065	799.63	580.58	472.33	190.46	340.43
Net Cash Growth	61.15%	37.73%	22.92%	148.00%	-44.05%	-16.66%
Net Cash Per Share	2.00	1.50	1.10	0.88	0.36	0.76
Filing Date Shares Outstanding	533.33	533.33	533.33	533.33	533.33	533.33
Total Common Shares Outstanding	533.33	533.33	533.33	533.33	533.33	533.33
Working Capital	1,928	1,865	1,672	1,527	1,362	1,196
Book Value Per Share	5.37	5.28	4.96	4.65	4.14	3.69
Tangible Book Value	2,649	2,599	2,423	2,251	1,975	1,731
Tangible Book Value Per Share	4.97	4.87	4.54	4.22	3.70	3.25
Buildings	-	493.6	493.18	441.58	434.32	473.74
Machinery	-	350.94	318.66	254.86	243.23	112.99
Construction In Progress	-	57.43	56.3	82.4	139.63	121.78

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