SHE:301118 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	Dec '21 Dec 31, 2021
Cash & Equivalents	242.21	302.62	310.88	158.02	197.21	170.63
Short-Term Investments	-	-	258.28	434.05	457.41	227.8
Trading Asset Securities	2.03	2.03	48.03	36.09	51.14	458.89
Cash & Short-Term Investments	244.24	304.65	617.19	628.15	705.76	857.32
Cash Growth	-25.03%	-50.64%	-1.74%	-11.00%	-17.68%	471.47%
Accounts Receivable	320.27	261.81	193.03	159.63	146.98	198.62
Other Receivables	2.44	1.84	3.93	5.15	20.13	0.62
Receivables	322.7	263.65	196.97	164.78	167.11	199.24
Inventory	159.7	125.75	100.01	76.54	79.96	81.13
Other Current Assets	217.19	234.99	75.02	101.23	68.47	17.67
Total Current Assets	943.84	929.03	989.19	970.71	1,021	1,155
Property, Plant & Equipment	1,386	1,368	1,200	1,022	747.89	242.83
Long-Term Investments	74.08	83.91	142.64	163.95	112.3	61.38
Other Intangible Assets	186.63	187.75	193.4	170.56	102.09	103.09
Long-Term Deferred Tax Assets	16.36	15.7	11.05	6.84	2.55	2.18
Long-Term Deferred Charges	0.58	0.65	0.73	-	-	-
Other Long-Term Assets	7.63	9.86	8.16	54.64	25.77	35.8
Total Assets	2,615	2,594	2,545	2,389	2,012	1,601
Accounts Payable	491.06	524.08	451.87	347.14	193.96	23.63
Accrued Expenses	0.14	5.39	19.03	30.51	29.04	16.71
Short-Term Debt	15	20.64	79.77	39.34	53.05	75.42
Current Portion of Long-Term Debt	169.76	178.36	71.42	6.86	1.12	-
Current Portion of Leases	-	-	0.34	-	-	-
Current Income Taxes Payable	8.37	6.44	0.31	0.03	7.76	3.06
Current Unearned Revenue	40.97	40.74	38.38	26.61	19.97	30.32
Other Current Liabilities	127.74	112.92	104.7	51.54	52.07	50.93
Total Current Liabilities	853.04	888.57	765.81	502.03	356.96	200.07
Long-Term Debt	269.78	246.44	317.9	409.25	120.84	-
Long-Term Leases	0.66	0.65	0.75	-	-	-
Long-Term Unearned Revenue	67.36	67.15	69.16	60.55	39.99	42.45
Long-Term Deferred Tax Liabilities	5.55	5.64	6.89	7.77	13.72	1.13
Other Long-Term Liabilities	-	-	0.14	0.28	0.42	0.56
Total Liabilities	1,196	1,208	1,161	979.88	531.93	244.22
Common Stock	110.2	110.2	109.88	106.67	106.67	106.67
Additional Paid-In Capital	734.03	730.76	714.39	684.61	684.61	684.61
Retained Earnings	514.11	490.11	519.36	580.3	671.18	549.68
Treasury Stock	-21.29	-21.29	-25.19	-	-	-
Comprehensive Income & Other	22.64	21.23	17	15.79	14.09	11.89
Total Common Equity	1,360	1,331	1,335	1,387	1,477	1,353
Minority Interest	59.13	55	49	21.91	3.43	3.58
Shareholders' Equity	1,419	1,386	1,384	1,409	1,480	1,356
Total Liabilities & Equity	2,615	2,594	2,545	2,389	2,012	1,601
Total Debt	455.2	446.09	470.17	455.45	175.01	75.42
Net Cash (Debt)	-210.96	-141.44	147.02	172.7	530.76	781.9
Net Cash Growth	-	-	-14.87%	-67.46%	-32.12%	585.75%
Net Cash Per Share	-2.01	-1.35	1.38	1.62	4.98	9.51
Filing Date Shares Outstanding	107.45	88.14	106.71	106.67	106.67	106.67
Total Common Shares Outstanding	107.45	88.14	106.71	106.67	106.67	106.67
Working Capital	90.8	40.47	223.38	468.68	664.34	955.29
Book Value Per Share	12.65	15.10	12.51	13.01	13.84	12.68
Tangible Book Value	1,173	1,143	1,142	1,217	1,374	1,250
Tangible Book Value Per Share	10.92	12.97	10.70	11.41	12.89	11.72
Buildings	-	-	471.46	383.14	176.7	138.4
Machinery	-	-	1,177	924.35	474.6	393.51
Construction In Progress	-	-	18.46	95.6	421.04	12.28

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