SHE:301171 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	2,533	2,489	2,469	1,559	1,837	1,236
Trading Asset Securities	803.02	788.28	526.66	688.4	322.16	-
Cash & Short-Term Investments	3,336	3,277	2,995	2,247	2,159	1,236
Cash Growth	12.47%	9.40%	33.30%	4.09%	74.69%	25.43%
Accounts Receivable	942.71	903.86	800.78	888.58	791.04	1,023
Other Receivables	1,786	1,673	1,468	1,074	1,642	1,447
Receivables	2,729	2,577	2,268	1,963	2,433	2,470
Inventory	0.63	0.65	0.77	-	-	-
Prepaid Expenses	-	0.02	0.01	0.1	-	0.15
Other Current Assets	154.13	170.4	117.28	51.65	70.11	50.14
Total Current Assets	6,219	6,025	5,382	4,262	4,662	3,756
Property, Plant & Equipment	26.26	27.93	33.98	90.34	107.97	123.38
Long-Term Investments	297.5	280.82	183.46	165.21	135.39	79.55
Goodwill	35.62	35.62	35.62	35.62	-	-
Other Intangible Assets	47.7	49.43	56.38	43.84	4.15	4.06
Long-Term Deferred Tax Assets	96.32	71.6	50.92	49.28	33.33	24.34
Long-Term Deferred Charges	8.05	9.12	11.58	16.66	17.25	9.12
Other Long-Term Assets	27.78	24.11	17.79	8.47	3.78	43.84
Total Assets	6,759	6,523	5,771	4,671	4,964	4,040
Accounts Payable	553.37	512.18	429.56	290.96	302.38	562.52
Accrued Expenses	34.85	1,476	1,058	599.78	1,105	1,322
Short-Term Debt	688.41	570.6	511.72	100.09	50.06	149.51
Current Portion of Leases	-	7.41	7.93	12.99	25.02	12.81
Current Income Taxes Payable	119.64	103.5	69.89	81.99	78.4	76.1
Current Unearned Revenue	67.93	74.6	56.66	58.22	81.33	51
Other Current Liabilities	1,587	20.94	15.2	20.12	17.39	43.3
Total Current Liabilities	3,058	2,765	2,149	1,164	1,659	2,217
Long-Term Leases	16.13	17.8	22.02	88.53	99.75	112.24
Long-Term Unearned Revenue	0.33	0.52	2.2	3.59	4.99	6.52
Long-Term Deferred Tax Liabilities	10.19	13.66	14.47	11.55	14.97	12.5
Total Liabilities	3,084	2,797	2,188	1,268	1,779	2,348
Common Stock	471.89	471.89	471.89	471.89	471.89	396.38
Additional Paid-In Capital	1,790	1,752	1,667	1,674	1,672	550.39
Retained Earnings	1,410	1,474	1,371	1,202	1,014	751.51
Treasury Stock	-10.05	-10.05	-10.05	-	-	-
Comprehensive Income & Other	-5.75	20.35	66.63	44.2	26.41	-6.17
Total Common Equity	3,657	3,708	3,566	3,393	3,184	1,692
Minority Interest	17.93	18.23	18.1	10.57	0.73	-
Shareholders' Equity	3,674	3,726	3,584	3,403	3,185	1,692
Total Liabilities & Equity	6,759	6,523	5,771	4,671	4,964	4,040
Total Debt	711.17	595.8	541.67	201.61	174.84	274.56
Net Cash (Debt)	2,625	2,681	2,454	2,045	1,984	961.16
Net Cash Growth	2.30%	9.28%	19.95%	3.10%	106.41%	-2.44%
Net Cash Per Share	4.16	4.30	3.99	3.33	3.61	1.86
Filing Date Shares Outstanding	635.39	612.5	612.5	613.45	613.45	515.3
Total Common Shares Outstanding	635.39	612.5	612.5	613.45	613.45	515.3
Working Capital	3,162	3,259	3,233	3,098	3,003	1,539
Book Value Per Share	5.75	6.05	5.82	5.53	5.19	3.28
Tangible Book Value	3,573	3,623	3,474	3,313	3,180	1,688
Tangible Book Value Per Share	5.62	5.91	5.67	5.40	5.18	3.28
Machinery	-	22.13	22.6	22.44	23.73	21.99

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.