SHE:301091 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	731.77	881	873.13	672.52	406.6	690.85
Short-Term Investments	54.26	54.26	-	-	-	-
Trading Asset Securities	49	100.28	277	579.59	898.17	1,104
Cash & Short-Term Investments	835.03	1,036	1,150	1,252	1,305	1,794
Cash Growth	-5.65%	-9.96%	-8.14%	-4.04%	-27.29%	380.08%
Accounts Receivable	1,327	1,315	1,202	1,005	962.23	569.08
Other Receivables	34.1	34.48	39.4	29.41	34.45	29.75
Receivables	1,361	1,349	1,241	1,034	996.68	598.83
Inventory	172.81	159.97	178.89	167.84	72.72	19.56
Other Current Assets	20.57	27.32	22.28	49.73	16.38	24.74
Total Current Assets	2,389	2,572	2,592	2,504	2,391	2,438
Property, Plant & Equipment	676.77	685.87	551.69	464.99	448.68	408.46
Long-Term Investments	25.82	70.53	120.11	13.5	10	1.03
Goodwill	39.27	39.3	47.46	56.95	57.11	13.91
Other Intangible Assets	118.62	123.45	117.4	122.83	107.16	94.53
Long-Term Deferred Tax Assets	81.36	76.1	54.03	41.48	30.31	12.99
Long-Term Deferred Charges	41.03	39.91	27.77	8.94	8.64	12.49
Other Long-Term Assets	55.97	15.93	4.86	16.56	37.82	13.29
Total Assets	3,428	3,623	3,516	3,229	3,090	2,994
Accounts Payable	460.55	569.3	591.83	397.51	302.58	184.77
Accrued Expenses	36.85	125.49	188.65	230.81	216.55	168.01
Short-Term Debt	92.35	92.35	1.7	-	3.52	288.7
Current Portion of Long-Term Debt	13.79	6.24	6.25	6.32	23.55	13.54
Current Portion of Leases	-	7.66	9.43	9.43	21.66	19.04
Current Income Taxes Payable	41.42	10.93	8.43	18.44	19.77	6.59
Current Unearned Revenue	63.86	54.08	76.26	34.73	112.46	80.71
Other Current Liabilities	155.61	130.12	93.33	91.02	89.19	53.89
Total Current Liabilities	864.43	996.18	975.88	788.26	789.28	815.25
Long-Term Debt	23.33	24.88	31.1	37.32	43.54	88.24
Long-Term Leases	6.11	7.81	10.43	6.87	20.64	35.65
Long-Term Unearned Revenue	75.44	75.14	40.99	47.29	42.05	28.12
Long-Term Deferred Tax Liabilities	2.64	2.68	2.76	2.24	3.29	0.31
Other Long-Term Liabilities	3.11	3.19	3.5	3.82	4.11	4.42
Total Liabilities	975.06	1,110	1,065	885.79	902.9	971.99
Common Stock	527.28	527.28	405.6	312	208	160
Additional Paid-In Capital	1,077	1,076	1,184	1,270	1,364	1,405
Retained Earnings	732.81	785.67	745.6	649.55	500.03	387.8
Comprehensive Income & Other	-0.17	0.14	-0.27	0.09	0.02	-
Total Common Equity	2,337	2,389	2,335	2,232	2,072	1,953
Minority Interest	115.48	124.54	115.94	111.62	115.13	69.48
Shareholders' Equity	2,453	2,513	2,451	2,343	2,187	2,022
Total Liabilities & Equity	3,428	3,623	3,516	3,229	3,090	2,994
Total Debt	135.58	138.95	58.91	59.95	112.9	445.16
Net Cash (Debt)	699.45	896.59	1,091	1,192	1,192	1,349
Net Cash Growth	-15.72%	-17.84%	-8.47%	0.03%	-11.66%	349.17%
Net Cash Per Share	1.39	1.76	2.06	2.26	2.24	2.56
Filing Date Shares Outstanding	527.28	527.28	527.28	527.28	527.28	527.28
Total Common Shares Outstanding	527.28	527.28	527.28	527.28	527.28	527.28
Working Capital	1,525	1,576	1,616	1,716	1,601	1,622
Book Value Per Share	4.43	4.53	4.43	4.23	3.93	3.70
Tangible Book Value	2,179	2,226	2,170	2,052	1,908	1,844
Tangible Book Value Per Share	4.13	4.22	4.12	3.89	3.62	3.50
Buildings	-	569.2	569.2	298.53	298.53	297.68
Machinery	-	304.62	142.21	128.5	123.78	110.72
Construction In Progress	-	4.12	0.2	180.05	122.99	56.39

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