SHE:301103 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	366.11	541.91	767.32	1,589	1,639	698.51
Short-Term Investments	-	-	-	-	201.13	-
Trading Asset Securities	986.85	794.58	501.58	-	-	-
Cash & Short-Term Investments	1,353	1,336	1,269	1,589	1,840	698.51
Cash Growth	1.50%	5.33%	-20.12%	-13.65%	163.37%	13.88%
Accounts Receivable	37.28	31.94	36.87	51.42	31.48	30.76
Other Receivables	11.12	10.67	5.63	6.62	8.78	5.36
Receivables	48.4	42.61	42.5	58.04	40.26	36.12
Inventory	75.22	73.33	74.99	85.4	84.1	72.89
Other Current Assets	18.05	20.36	18.76	51.42	19.22	22.9
Total Current Assets	1,495	1,473	1,405	1,783	1,983	830.43
Property, Plant & Equipment	458.22	463.56	535.96	492.95	500.93	471.44
Long-Term Investments	180.92	141.57	120.4	-	-	-
Other Intangible Assets	33.15	33.9	33.63	35.04	38.49	32.04
Long-Term Deferred Tax Assets	8.68	7.83	6.34	5.83	8.37	5.92
Long-Term Deferred Charges	52.98	58.35	86.05	98.63	71.74	78.96
Other Long-Term Assets	3.59	3.76	37.92	67.85	3.68	2.35
Total Assets	2,232	2,182	2,225	2,484	2,606	1,421
Accounts Payable	73.56	56.19	59.04	59.23	68.13	57.79
Accrued Expenses	6.97	25.5	24.5	32.2	22.87	25.54
Current Portion of Long-Term Debt	36.83	37.72	-	-	-	-
Current Portion of Leases	-	-	47.66	50.66	44.85	44.55
Current Income Taxes Payable	16.15	7.52	5.58	23.06	7.03	10.38
Current Unearned Revenue	29.35	25.72	20.58	21.43	13.04	15.16
Other Current Liabilities	12.49	11.16	11.75	12.83	11.08	7.73
Total Current Liabilities	175.35	163.81	169.11	199.41	166.99	161.15
Long-Term Leases	132.35	130.14	172.92	208.59	240.54	188.2
Long-Term Unearned Revenue	2.82	2.92	3.01	3.18	3.17	4.21
Long-Term Deferred Tax Liabilities	0.65	0.6	0.67	0.17	0.98	-
Other Long-Term Liabilities	-	-	-	-	18.56	17.92
Total Liabilities	311.18	297.47	345.71	411.36	430.24	371.48
Common Stock	158.03	158.03	158.03	158.03	158.03	91.06
Additional Paid-In Capital	1,674	1,670	1,670	1,681	1,681	583.72
Retained Earnings	155.81	123.13	119.08	240.45	335.21	374.88
Treasury Stock	-67.6	-67.6	-67.6	-4.22	-	-
Comprehensive Income & Other	0	0.01	0	0	-	-
Total Common Equity	1,921	1,884	1,880	2,075	2,174	1,050
Minority Interest	0.42	0.5	-0.09	-2.97	1.91	-
Shareholders' Equity	1,921	1,884	1,880	2,072	2,176	1,050
Total Liabilities & Equity	2,232	2,182	2,225	2,484	2,606	1,421
Total Debt	169.18	167.86	220.59	259.25	285.39	232.75
Net Cash (Debt)	1,184	1,169	1,048	1,329	1,554	465.76
Net Cash Growth	5.80%	11.48%	-21.14%	-14.48%	233.70%	-24.07%
Net Cash Per Share	7.49	7.40	6.63	8.41	10.50	3.93
Filing Date Shares Outstanding	157.99	157.95	155.3	156.61	158.03	118.38
Total Common Shares Outstanding	157.99	157.95	155.3	156.61	158.03	118.38
Working Capital	1,319	1,309	1,236	1,584	1,816	669.28
Book Value Per Share	12.16	11.93	12.10	13.25	13.76	8.87
Tangible Book Value	1,887	1,850	1,846	2,040	2,136	1,018
Tangible Book Value Per Share	11.95	11.71	11.89	13.03	13.52	8.60
Buildings	-	-	194.54	83.19	83.19	83.19
Machinery	-	-	459.24	445.24	387.7	370.98
Construction In Progress	-	-	13.17	17.86	7.78	2.36

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