SHE:301098 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	121.38	246.65	234.06	532.4	245.76	207.26
Trading Asset Securities	30.1	75.08	180.37	-	-	125.22
Cash & Short-Term Investments	151.48	321.73	414.43	532.4	245.76	332.48
Cash Growth	-51.47%	-22.37%	-22.16%	116.63%	-26.08%	106.87%
Accounts Receivable	2,229	2,319	2,605	2,385	2,086	1,938
Other Receivables	106.83	85.76	102.86	53.14	39.46	27.77
Receivables	2,336	2,405	2,708	2,438	2,125	1,966
Inventory	161.36	126.67	133.74	119.35	63.27	68.09
Other Current Assets	26.85	45.15	19.43	10.58	17.85	20.6
Total Current Assets	2,675	2,899	3,275	3,101	2,452	2,387
Property, Plant & Equipment	52.95	49.26	31.57	38.87	28.43	17.76
Long-Term Investments	36.43	37.41	43.83	29.77	20.62	-
Goodwill	0.99	0.99	-	-	-	-
Other Intangible Assets	17.07	17.14	17.68	17.74	1.8	1.73
Long-Term Deferred Tax Assets	111.92	112.39	80.38	69.42	93.12	70.73
Long-Term Deferred Charges	4.11	4.62	6.15	1.25	1.78	0.92
Other Long-Term Assets	115.03	115.79	98.06	88.86	45.89	56.23
Total Assets	3,014	3,236	3,553	3,346	2,644	2,534
Accounts Payable	929.79	1,056	1,109	1,062	1,012	1,030
Accrued Expenses	5.4	178.91	155.38	124.14	109.9	96.43
Short-Term Debt	287.93	374.14	435.13	401.21	246.77	202.38
Current Portion of Long-Term Debt	-	0.05	2.5	6.51	4.01	14.03
Current Portion of Leases	-	-	1.5	2.76	1.92	2.77
Current Income Taxes Payable	172.41	7.39	20.59	22.24	34.12	35.73
Current Unearned Revenue	84.48	61.53	41.71	49.23	42.94	27.31
Other Current Liabilities	85.63	105.78	116.2	1.5	67.71	69.01
Total Current Liabilities	1,566	1,784	1,882	1,670	1,519	1,478
Long-Term Debt	335.86	331.68	317.36	488.61	6.01	10.02
Long-Term Leases	6.64	6.26	5.99	8.67	-	1.01
Long-Term Deferred Tax Liabilities	0.12	0.23	0.27	0.08	0.09	0.05
Other Long-Term Liabilities	1.4	1.49	1.69	1.27	0.08	-
Total Liabilities	1,910	2,123	2,207	2,168	1,526	1,489
Common Stock	183.94	183.94	183.93	158.4	105.6	105.6
Additional Paid-In Capital	597.09	597.05	598.08	432.34	485.12	485.12
Retained Earnings	264.39	281.52	531.04	523.11	512.45	447.82
Treasury Stock	-13.41	-13.41	-13.41	-	-	-
Comprehensive Income & Other	28	28.02	28.12	42.45	0.12	0.13
Total Common Equity	1,060	1,077	1,328	1,156	1,103	1,039
Minority Interest	44.34	35.93	18.22	21.95	14.69	6.52
Shareholders' Equity	1,104	1,113	1,346	1,178	1,118	1,045
Total Liabilities & Equity	3,014	3,236	3,553	3,346	2,644	2,534
Total Debt	630.43	712.13	762.49	907.76	258.71	230.21
Net Cash (Debt)	-478.96	-390.4	-348.06	-375.36	-12.95	102.27
Net Cash Per Share	-2.53	-2.13	-2.23	-2.30	-0.08	0.84
Filing Date Shares Outstanding	190.33	180.44	180.43	156.27	158.4	158.4
Total Common Shares Outstanding	190.33	180.44	180.43	158.4	158.4	158.4
Working Capital	1,110	1,115	1,394	1,431	932.54	908.91
Book Value Per Share	5.57	5.97	7.36	7.30	6.97	6.56
Tangible Book Value	1,042	1,059	1,310	1,139	1,101	1,037
Tangible Book Value Per Share	5.47	5.87	7.26	7.19	6.95	6.55
Buildings	-	30.11	26	25.84	25.84	16.59
Machinery	-	21.59	21.47	22.86	22.04	18.87
Construction In Progress	-	25.3	5.28	5.86	2.41	-

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