SHE:301138 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	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	692.45	742.85	400.78	488.77	825.67	893.36
Trading Asset Securities	10.37	10.25	140	-	-	12.75
Cash & Short-Term Investments	702.82	753.1	540.78	488.77	825.67	906.11
Cash Growth	24.84%	39.26%	10.64%	-40.80%	-8.88%	638.49%
Accounts Receivable	110.95	125.46	139.37	100.71	99.33	105.73
Other Receivables	6.03	3.67	3.21	2.39	2.31	4.13
Receivables	116.97	129.13	142.58	103.09	101.64	109.86
Inventory	522.02	487.7	369.6	319.75	322.45	255.03
Other Current Assets	50.29	54.43	193.59	176.28	26.75	30.53
Total Current Assets	1,392	1,424	1,247	1,088	1,277	1,302
Property, Plant & Equipment	293.94	302.69	289.73	194.49	102.65	99.7
Long-Term Investments	32.83	32.99	31.9	87.08	4.99	-
Other Intangible Assets	9.99	10.22	11.15	10.32	10.03	9.5
Long-Term Accounts Receivable	-	-	6.47	8.02	-	-
Long-Term Deferred Tax Assets	13.4	13.13	10.6	8.27	7.84	7.24
Long-Term Deferred Charges	4.27	4.57	2.08	1.52	1.76	1.06
Other Long-Term Assets	22.41	16.84	7.61	49.28	55.36	13.1
Total Assets	1,769	1,805	1,606	1,447	1,459	1,432
Accounts Payable	110.85	119.09	117.7	96.84	93.26	101.03
Accrued Expenses	15.14	37.53	36.99	29.39	28.94	25.87
Short-Term Debt	-	-	1.19	1.19	1.19	1.19
Current Portion of Long-Term Debt	4.31	3.69	-	-	-	-
Current Portion of Leases	-	-	3.66	3.43	2.95	3.77
Current Income Taxes Payable	4.9	7.41	8.97	2.47	3.5	2.6
Current Unearned Revenue	381.51	337.79	237.68	190	162.7	142.73
Other Current Liabilities	52.3	106.06	52.32	19.7	15.75	16.19
Total Current Liabilities	569.01	611.57	458.52	343.01	308.29	293.37
Long-Term Leases	38.8	40.3	22.82	4.84	7.79	10.54
Long-Term Unearned Revenue	0.91	0.98	1.27	1.55	1.84	1.67
Other Long-Term Liabilities	-	-	-	13.14	12.32	13.61
Total Liabilities	608.81	652.85	482.6	362.55	330.24	319.19
Common Stock	120	120	120	120	120	120
Additional Paid-In Capital	736.29	736.29	736.29	736.29	736.28	736.28
Retained Earnings	282.99	272.55	246.49	205.23	249.27	236.74
Comprehensive Income & Other	11.12	11.74	12.16	14.43	12.87	6.73
Total Common Equity	1,150	1,141	1,115	1,076	1,118	1,100
Minority Interest	9.72	11.37	8.52	8.38	10.5	13.19
Shareholders' Equity	1,160	1,152	1,123	1,084	1,129	1,113
Total Liabilities & Equity	1,769	1,805	1,606	1,447	1,459	1,432
Total Debt	43.11	43.99	27.68	9.45	11.93	15.51
Net Cash (Debt)	659.7	709.11	513.1	479.32	813.74	890.61
Net Cash Growth	22.73%	38.20%	7.05%	-41.10%	-8.63%	628.46%
Net Cash Per Share	5.52	5.93	4.26	3.98	6.75	9.94
Filing Date Shares Outstanding	120.01	118.34	120	120	120	120
Total Common Shares Outstanding	120.01	118.34	120	120	120	120
Working Capital	823.08	812.79	788.03	744.88	968.23	1,008
Book Value Per Share	9.59	9.64	9.29	8.97	9.32	9.16
Tangible Book Value	1,140	1,130	1,104	1,066	1,108	1,090
Tangible Book Value Per Share	9.50	9.55	9.20	8.88	9.24	9.09
Buildings	-	-	105.49	59.5	59.5	59.5
Machinery	-	-	272.71	187.45	164.4	145.8
Construction In Progress	-	-	33.95	72.2	0.86	0.04

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