SHE:301115 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	367.89	385.53	320.67	308.88	508.44	206.97
Short-Term Investments	-	-	72.92	366.88	241.2	-
Trading Asset Securities	778.91	881.55	987.61	826.34	1,025	1.73
Cash & Short-Term Investments	1,147	1,267	1,381	1,502	1,775	208.69
Cash Growth	-3.18%	-8.26%	-8.05%	-15.37%	750.52%	10.16%
Accounts Receivable	1,145	1,252	1,324	1,330	836.86	700.95
Other Receivables	44.53	36.57	25.83	36.45	10.16	10.66
Receivables	1,190	1,288	1,350	1,366	847.03	711.61
Inventory	51.24	39.25	32.76	37.13	30.13	32.56
Prepaid Expenses	-	-	0.02	0.09	0.01	3.81
Other Current Assets	79.65	52.26	30.24	24.49	34.28	17.41
Total Current Assets	2,468	2,647	2,794	2,930	2,686	974.08
Property, Plant & Equipment	879.56	808.63	682.3	542	313.81	196.05
Long-Term Investments	111.72	96.2	26.79	97.09	86.9	21.48
Goodwill	228.8	179.09	183.27	175.57	17.5	13.4
Other Intangible Assets	79.95	73.47	71.05	68.4	49.84	48.99
Long-Term Accounts Receivable	-	-	4.54	12.76	12.39	13.47
Long-Term Deferred Tax Assets	66.74	58.99	38.47	30.78	17.08	17.94
Long-Term Deferred Charges	56.34	33.54	23.16	33.57	27.8	26.95
Other Long-Term Assets	59.75	63.6	17.01	12.75	29.22	6.65
Total Assets	3,951	3,961	3,841	3,903	3,241	1,319
Accounts Payable	371.78	453.15	427.57	453.25	253.62	273.25
Accrued Expenses	61.86	123.75	155.63	163.81	114.7	104.53
Short-Term Debt	324.03	319.57	153.17	118.15	19.84	25.12
Current Portion of Long-Term Debt	35.1	33.45	-	-	-	-
Current Portion of Leases	-	-	27.94	26.64	12.37	11.01
Current Income Taxes Payable	15.73	25.47	11.87	21.65	0.29	8.36
Current Unearned Revenue	81.97	56.12	63.94	54.08	30.26	33.71
Other Current Liabilities	180.59	126.03	183.19	209.95	146.97	70.48
Total Current Liabilities	1,071	1,138	1,023	1,048	578.05	526.46
Long-Term Debt	65.8	18.2	-	-	-	-
Long-Term Leases	55.86	53.72	57.62	50.36	21.05	19.7
Long-Term Unearned Revenue	8.45	9.62	12.65	14.02	16.83	6.91
Long-Term Deferred Tax Liabilities	12.52	10.36	9.74	8.92	-	-
Total Liabilities	1,214	1,229	1,103	1,121	615.93	553.07
Common Stock	183.52	183.52	185.16	185.39	185.09	135
Additional Paid-In Capital	1,929	1,930	1,962	1,966	1,921	149.33
Retained Earnings	476.71	508.86	549.95	596.21	560.41	460.89
Treasury Stock	-112.02	-112.02	-132.47	-71.15	-63.72	-
Comprehensive Income & Other	0.73	3.26	7.29	8.68	5.34	5.82
Total Common Equity	2,478	2,513	2,572	2,685	2,608	751.04
Minority Interest	258.67	217.62	165.29	96.84	16.67	14.91
Shareholders' Equity	2,737	2,731	2,737	2,782	2,625	765.95
Total Liabilities & Equity	3,951	3,961	3,841	3,903	3,241	1,319
Total Debt	480.79	424.93	238.73	195.15	53.26	55.83
Net Cash (Debt)	666.01	842.15	1,142	1,307	1,722	152.87
Net Cash Growth	-30.89%	-26.29%	-12.59%	-24.09%	1026.28%	-19.06%
Net Cash Per Share	3.71	4.69	6.23	7.15	11.44	1.13
Filing Date Shares Outstanding	175.78	164.99	178.91	181.02	180	135
Total Common Shares Outstanding	175.78	164.99	178.91	181.02	180	135
Working Capital	1,397	1,509	1,771	1,882	2,108	447.62
Book Value Per Share	14.10	15.23	14.38	14.83	14.49	5.56
Tangible Book Value	2,169	2,261	2,318	2,441	2,541	688.64
Tangible Book Value Per Share	12.34	13.70	12.95	13.49	14.12	5.10
Buildings	-	-	140.62	130.8	122.34	89.58
Machinery	-	-	492.04	426.64	332.79	234.06
Construction In Progress	-	-	250.71	147.26	18.96	2.13

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