SHE:301112 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	433.44	786.13	508.9	735.45	449.14	324.26
Short-Term Investments	-	-	183.09	72.74	-	-
Trading Asset Securities	326.03	-	113.52	40.55	451.04	-
Cash & Short-Term Investments	759.48	786.13	805.52	848.74	900.18	324.26
Cash Growth	-6.47%	-2.41%	-5.09%	-5.71%	177.61%	-16.11%
Accounts Receivable	46.67	65.59	123.01	83.13	70.31	39.97
Other Receivables	17.27	13.64	4.46	2.11	2.73	4.63
Receivables	63.94	79.23	127.47	85.24	73.03	44.59
Inventory	307.03	155.15	175.49	378.8	360.25	309.52
Prepaid Expenses	-	-	0.6	0.01	0.14	0.83
Other Current Assets	72.64	43.47	53.02	15.53	47.5	26.81
Total Current Assets	1,203	1,064	1,162	1,328	1,381	706.01
Property, Plant & Equipment	220.64	221.74	216.45	208.44	179.36	142.29
Long-Term Investments	28.08	15.27	52.04	47.11	16.28	12.85
Goodwill	-	-	-	6.25	-	-
Other Intangible Assets	45.75	47.2	42.29	45.07	33.34	14.74
Long-Term Deferred Tax Assets	9.19	9.59	7.37	15.46	10.65	15.51
Long-Term Deferred Charges	0.18	0.17	2.21	3.14	1.18	3.46
Other Long-Term Assets	12.37	24.97	9.91	8.49	20.78	6.45
Total Assets	1,519	1,383	1,492	1,662	1,643	901.32
Accounts Payable	60.21	62.82	74.24	60.11	81.36	75.54
Accrued Expenses	7.75	22	34.16	25.03	27.43	26.82
Short-Term Debt	50.8	23.5	7.96	4.86	6.98	-
Current Portion of Long-Term Debt	1.45	-	0.5	-	1.05	1.66
Current Portion of Leases	-	-	2.55	2.34	0.94	1.08
Current Income Taxes Payable	8.48	-	14.43	15.08	20.34	25.66
Current Unearned Revenue	200.93	90.24	82.94	253.36	250.95	206.37
Other Current Liabilities	54.89	41.84	28.87	19.4	22.26	38.46
Total Current Liabilities	384.52	240.4	245.64	380.18	411.3	375.59
Long-Term Debt	-	-	0.33	5.02	-	1.11
Long-Term Leases	6.53	6.63	14.6	16.02	6.56	7.68
Long-Term Unearned Revenue	0.44	0.44	0.44	0.59	0.84	1.08
Pension & Post-Retirement Benefits	-	-	4.42	5.1	5	5.09
Long-Term Deferred Tax Liabilities	0.13	0.84	3.9	2.95	3.28	1.03
Other Long-Term Liabilities	4.54	4.62	-	-	-	-
Total Liabilities	396.15	252.93	269.32	409.86	426.97	391.58
Common Stock	110.27	110.27	110.27	110.27	110.27	82.7
Additional Paid-In Capital	718.31	718.31	718.69	718.7	715.23	63.88
Retained Earnings	340.89	339.13	425.59	433.87	411.31	386.24
Comprehensive Income & Other	-55.75	-47.18	-42.1	-34.24	-30.88	-31.9
Total Common Equity	1,114	1,121	1,212	1,229	1,206	500.92
Minority Interest	9.43	9.46	10.6	23.81	9.8	8.82
Shareholders' Equity	1,123	1,130	1,223	1,252	1,216	509.74
Total Liabilities & Equity	1,519	1,383	1,492	1,662	1,643	901.32
Total Debt	58.78	30.13	25.94	28.24	15.52	11.53
Net Cash (Debt)	700.7	756	779.58	820.49	884.65	312.73
Net Cash Growth	-10.63%	-3.02%	-4.99%	-7.25%	182.88%	-16.74%
Net Cash Per Share	6.65	6.85	6.30	7.35	9.11	3.80
Filing Date Shares Outstanding	88.06	81.82	110.27	110.27	110.27	82.7
Total Common Shares Outstanding	88.06	81.82	110.27	110.27	110.27	82.7
Working Capital	818.57	823.58	916.45	948.13	969.81	330.42
Book Value Per Share	12.65	13.70	11.00	11.14	10.94	6.06
Tangible Book Value	1,068	1,073	1,170	1,177	1,173	486.18
Tangible Book Value Per Share	12.13	13.12	10.61	10.68	10.63	5.88
Land	-	-	21.02	18.95	18.87	17.3
Buildings	-	-	140.21	143.41	43.97	42.5
Machinery	-	-	94.87	96.45	62.71	50.81
Construction In Progress	-	-	23.03	2.82	111.89	84.84

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