SHE:301100 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	464.82	642.62	863.48	706.13	1,027	1,736
Trading Asset Securities	155	-	11	290	-	0.09
Cash & Short-Term Investments	619.82	642.62	874.48	996.13	1,027	1,736
Cash Growth	-27.58%	-26.51%	-12.21%	-3.00%	-40.85%	254.30%
Accounts Receivable	426.2	491.81	383.37	342.15	387.68	315.5
Other Receivables	46.24	25.66	17.28	27.87	54.67	25.23
Receivables	472.44	517.47	400.64	370.02	442.35	340.73
Inventory	271.05	231.45	224.03	213.03	142.01	95.58
Prepaid Expenses	-	-	-	-	0.19	-
Other Current Assets	143.55	85.89	47.22	30.18	21.96	25.15
Total Current Assets	1,507	1,477	1,546	1,609	1,633	2,198
Property, Plant & Equipment	761.69	768.48	813.51	820.99	735.43	359.85
Other Intangible Assets	68.79	59.97	51.44	51.35	52.44	50.84
Long-Term Deferred Tax Assets	36.07	43.21	17.89	16.58	16.07	7.83
Long-Term Deferred Charges	1.73	1.92	2.14	1.05	0.94	0.25
Other Long-Term Assets	-	-	-	-	9.19	109.85
Total Assets	2,375	2,351	2,431	2,499	2,447	2,726
Accounts Payable	186.25	230.57	294.35	223.04	216.39	270.22
Accrued Expenses	7.93	13.98	11.37	8.52	6.73	9.18
Short-Term Debt	62.96	36.86	32.02	112.16	20.02	92.12
Current Portion of Long-Term Debt	1.71	-	10.01	-	-	-
Current Portion of Leases	-	2.39	0.98	0.73	0.98	-
Current Income Taxes Payable	2.09	2.62	0.36	3.11	2.39	1.81
Current Unearned Revenue	50.29	2.79	4.53	6.65	0.92	3.35
Other Current Liabilities	22.37	21.65	9.66	3.24	1.93	1.91
Total Current Liabilities	333.6	310.86	363.28	357.45	249.35	378.59
Long-Term Debt	-	-	-	10.01	66.82	66.82
Long-Term Leases	2.91	2.67	1.11	0.6	1.17	-
Long-Term Unearned Revenue	14.47	16.89	13.3	14.53	13.88	8.08
Long-Term Deferred Tax Liabilities	-	-	0.51	0.3	0.53	0.02
Other Long-Term Liabilities	0.32	-	-	-	-	-
Total Liabilities	351.3	330.42	378.2	382.89	331.76	453.51
Common Stock	200	200	200	200	200	200
Additional Paid-In Capital	1,471	1,468	1,442	1,437	1,437	1,447
Retained Earnings	311.04	310.3	358.91	436.27	441.24	545.82
Comprehensive Income & Other	35.81	36.03	47.71	42.92	37.23	32.59
Total Common Equity	2,017	2,014	2,049	2,116	2,116	2,226
Minority Interest	6.43	6.34	4.2	-	-	46.89
Shareholders' Equity	2,024	2,021	2,053	2,116	2,116	2,273
Total Liabilities & Equity	2,375	2,351	2,431	2,499	2,447	2,726
Total Debt	67.58	41.92	44.12	123.5	88.99	158.94
Net Cash (Debt)	552.24	600.69	830.36	872.63	937.9	1,577
Net Cash Growth	-32.48%	-27.66%	-4.84%	-6.96%	-40.53%	323.00%
Net Cash Per Share	2.79	2.97	4.13	4.64	4.72	10.47
Filing Date Shares Outstanding	200	200	200	200	200	200
Total Common Shares Outstanding	200	200	200	200	200	200
Working Capital	1,173	1,167	1,183	1,252	1,384	1,819
Book Value Per Share	10.09	10.07	10.24	10.58	10.58	11.13
Tangible Book Value	1,949	1,954	1,998	2,065	2,063	2,175
Tangible Book Value Per Share	9.74	9.77	9.99	10.33	10.32	10.87
Buildings	-	275.05	261.89	244.29	47.93	47.22
Machinery	-	771.59	743.83	642.21	214.11	205.31
Construction In Progress	-	51.05	49.04	104.16	614.62	240.62

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