SHE:301108 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	471.84	649.22	403.81	665.16	1,005	1,416
Short-Term Investments	-	240	429.05	264.03	-	-
Trading Asset Securities	495.89	248.81	659.33	410.49	300.62	-
Cash & Short-Term Investments	967.73	1,138	1,492	1,340	1,305	1,416
Cash Growth	-32.33%	-23.73%	11.38%	2.64%	-7.80%	340.50%
Accounts Receivable	203.45	236.44	135.76	170.88	139.01	161.97
Other Receivables	54.95	69.26	8.53	3.44	1.9	9.7
Receivables	258.39	305.7	144.28	174.32	140.91	171.67
Inventory	86.73	90.64	77.19	68.93	64.18	142.63
Other Current Assets	256.55	13.56	8.06	4.63	5.16	12.8
Total Current Assets	1,569	1,548	1,722	1,588	1,515	1,743
Property, Plant & Equipment	573.07	582.54	299.43	263.7	235.98	276.34
Long-Term Investments	108.03	107.74	14.43	244.09	280.52	-
Other Intangible Assets	68.44	62.92	34.45	35.28	28.65	29.42
Long-Term Deferred Tax Assets	4.25	3.35	-	-	-	3.78
Long-Term Deferred Charges	21.49	23.03	2.79	1.87	-	-
Other Long-Term Assets	61.58	0.8	7.82	16.3	6.28	0.33
Total Assets	2,406	2,328	2,081	2,149	2,067	2,053
Accounts Payable	273.36	281.36	187.82	210.43	179.56	251.72
Accrued Expenses	7.68	15.63	9.69	12.99	9.89	11.35
Short-Term Debt	68.36	5.64	-	-	-	-
Current Portion of Leases	-	4.35	7.49	8.26	13.39	5.36
Current Income Taxes Payable	18.69	13.64	1.23	5.95	2.8	7.27
Current Unearned Revenue	0.85	1.05	3.7	1.45	28.39	11.22
Other Current Liabilities	56.29	61.86	2.77	2.84	2.16	4.48
Total Current Liabilities	429.3	383.53	212.7	241.92	236.18	291.39
Long-Term Debt	-	-	-	-	5.74	5.49
Long-Term Leases	25.87	27.65	1.18	9.65	12.77	29.11
Long-Term Unearned Revenue	39.88	16.45	15.97	19.51	18.3	14.8
Long-Term Deferred Tax Liabilities	12.75	16.63	21.52	17.74	14.74	18.3
Other Long-Term Liabilities	2.18	2.19	2.23	1	-	-
Total Liabilities	509.99	446.44	253.6	289.82	287.73	359.1
Common Stock	112.56	112.56	81.21	81.21	81.21	81.21
Additional Paid-In Capital	971.69	967.52	1,022	1,024	1,019	1,013
Retained Earnings	812.12	801.85	743.87	753.57	678.98	598.92
Treasury Stock	-	-	-20.06	-	-	-
Comprehensive Income & Other	-0.1	-0.05	-	-	-	-
Total Common Equity	1,896	1,882	1,827	1,859	1,779	1,693
Minority Interest	-	-	0.01	0.3	-	-
Shareholders' Equity	1,896	1,882	1,827	1,859	1,779	1,693
Total Liabilities & Equity	2,406	2,328	2,081	2,149	2,067	2,053
Total Debt	98.29	37.64	8.67	17.91	31.89	39.96
Net Cash (Debt)	869.43	1,100	1,484	1,322	1,273	1,376
Net Cash Growth	-38.83%	-25.82%	12.24%	3.81%	-7.44%	407.47%
Net Cash Per Share	7.08	9.68	12.96	11.64	11.23	15.72
Filing Date Shares Outstanding	114.09	112.56	112.56	113.6	113.69	113.69
Total Common Shares Outstanding	114.09	112.56	112.56	113.69	113.69	113.69
Working Capital	1,140	1,164	1,509	1,346	1,279	1,451
Book Value Per Share	16.62	16.72	16.23	16.35	15.65	14.89
Tangible Book Value	1,828	1,819	1,793	1,823	1,750	1,664
Tangible Book Value Per Share	16.02	16.16	15.93	16.04	15.40	14.64
Buildings	-	280.51	147.96	105.94	64.63	64.63
Machinery	-	381.62	339.78	303.02	285.71	293.38
Construction In Progress	-	125.48	5.36	4.1	4.43	6.86

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