SHE:301099 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	482	560.29	524.13	452.73	213.62	275.64
Trading Asset Securities	83.02	79.41	99.93	119.83	58.3	84.19
Cash & Short-Term Investments	565.02	639.7	624.06	572.56	271.92	359.83
Cash Growth	-17.30%	2.51%	8.99%	110.56%	-24.43%	186.86%
Accounts Receivable	2,172	1,953	1,609	960.87	906.99	545.8
Other Receivables	93.06	12.59	15.75	57.24	4.49	9.46
Receivables	2,266	1,966	1,625	1,018	911.48	555.25
Inventory	1,101	823.13	722.06	304.11	407.25	167.11
Other Current Assets	229	192.79	91.26	153.34	40.85	48.92
Total Current Assets	4,161	3,621	3,062	2,048	1,631	1,131
Property, Plant & Equipment	295.46	277.96	260.49	41.31	39.58	31.9
Long-Term Investments	367.14	377.56	38.77	139.28	5.55	5.9
Goodwill	125.88	126.32	126.61	126.92	98.47	-
Other Intangible Assets	244.67	252.66	284.11	256.06	291.77	6.83
Long-Term Deferred Tax Assets	34.76	36.62	39.22	20.02	13.19	8.46
Long-Term Deferred Charges	6.75	5.83	4.34	5.32	4.81	3.71
Other Long-Term Assets	38.47	36.11	28.57	43.62	48.38	1.23
Total Assets	5,274	4,734	3,844	2,681	2,133	1,189
Accounts Payable	695.9	519.08	520.39	199.5	190.44	90.86
Accrued Expenses	24.55	76.58	60.26	31.82	32.86	20.05
Short-Term Debt	2,181	1,915	1,256	724.45	546.82	215.29
Current Portion of Long-Term Debt	124.92	114.95	6	-	-	-
Current Portion of Leases	-	4.22	4.44	4.26	3.28	1.9
Current Income Taxes Payable	53.35	15.82	14.38	6.73	18.79	10
Current Unearned Revenue	25.3	20.79	18.68	5.91	6.89	7.43
Other Current Liabilities	58.75	34.55	76.05	129.79	126.41	4.47
Total Current Liabilities	3,164	2,701	1,956	1,102	925.47	350
Long-Term Debt	304.82	327.1	333.51	265.7	-	-
Long-Term Leases	4.97	6.53	1.59	3.53	3.75	0.45
Long-Term Deferred Tax Liabilities	53.11	55.03	66.43	45.59	49.81	-
Other Long-Term Liabilities	1.74	1.74	0.64	-	-	-
Total Liabilities	3,528	3,091	2,359	1,417	979.03	350.44
Common Stock	146.67	146.67	105.22	80	80	80
Additional Paid-In Capital	883.18	859.38	578.04	522.27	522.27	523.2
Retained Earnings	664.4	595.97	502.39	383.95	370.69	240.51
Treasury Stock	-254.6	-254.6	-29.6	-	-	-
Comprehensive Income & Other	-4.42	4.3	85.39	101.84	8.56	-2.64
Total Common Equity	1,435	1,352	1,241	1,088	981.52	841.07
Minority Interest	310.39	291.5	244.04	175.31	172.7	-2.37
Shareholders' Equity	1,746	1,643	1,485	1,263	1,154	838.7
Total Liabilities & Equity	5,274	4,734	3,844	2,681	2,133	1,189
Total Debt	2,616	2,368	1,602	997.93	553.84	217.63
Net Cash (Debt)	-2,051	-1,728	-977.63	-425.37	-281.92	142.19
Net Cash Per Share	-14.43	-12.33	-7.33	-3.13	-2.09	1.37
Filing Date Shares Outstanding	139.64	140.87	135.75	135.2	135.2	135.2
Total Common Shares Outstanding	139.64	140.87	135.75	135.2	135.2	135.2
Working Capital	997.13	920.58	1,106	945.66	706.03	781.12
Book Value Per Share	10.28	9.60	9.15	8.05	7.26	6.22
Tangible Book Value	1,065	972.74	830.72	705.07	591.28	834.24
Tangible Book Value Per Share	7.62	6.91	6.12	5.22	4.37	6.17
Buildings	-	233.03	248.11	30.66	30.66	30.66
Machinery	-	23.29	18.16	9.92	8.6	5.08
Construction In Progress	-	42.55	4.02	3.8	1.98	-

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