SHE:301191 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	1,064	1,356	954.57	1,005	1,221	192.77
Trading Asset Securities	322.95	155.42	391.06	246	3.03	-
Cash & Short-Term Investments	1,387	1,511	1,346	1,251	1,224	192.77
Cash Growth	-8.21%	12.31%	7.54%	2.24%	534.91%	-15.79%
Accounts Receivable	191.12	371.46	272.6	375.42	238.21	455.08
Other Receivables	13.19	13.83	10.1	11.48	11.7	9.53
Receivables	204.31	385.28	282.69	386.9	249.91	464.61
Inventory	589.1	589.12	375.19	411.78	594.14	792.83
Other Current Assets	352.07	219.44	13.03	3.36	10.08	11.59
Total Current Assets	2,532	2,705	2,017	2,053	2,078	1,462
Property, Plant & Equipment	281.57	294.51	257.88	275.69	285.17	193.75
Long-Term Investments	44.3	44.34	-	-	-	-
Other Intangible Assets	5.51	5.78	4.27	4.33	5.09	4.19
Long-Term Deferred Tax Assets	30.31	27.99	8.32	7.45	5.05	6.04
Long-Term Deferred Charges	5.3	3.87	4.65	9.01	8.31	-
Other Long-Term Assets	26.12	26.8	23.84	11.6	5.48	10.67
Total Assets	2,925	3,108	2,316	2,361	2,387	1,676
Accounts Payable	1,015	1,144	429.88	499.44	525.77	979.33
Accrued Expenses	23.21	34.6	31.51	37.34	32.45	34.58
Short-Term Debt	39.45	89.45	-	-	-	49.5
Current Portion of Long-Term Debt	36.24	38.95	-	-	-	-
Current Portion of Leases	-	-	14.62	36.31	30.89	50.33
Current Income Taxes Payable	2.84	1.39	0	0.03	1.05	5.28
Current Unearned Revenue	10.9	11.28	0.17	0.37	0.31	0.03
Other Current Liabilities	10.07	11.6	22.53	33.38	122.93	9.53
Total Current Liabilities	1,138	1,332	498.72	606.86	713.41	1,129
Long-Term Leases	59.52	68.35	66.6	62.46	79.81	31.03
Long-Term Unearned Revenue	25.4	27.14	32.85	21.94	14.07	14.32
Total Liabilities	1,223	1,427	598.17	691.25	807.29	1,174
Common Stock	69.34	69.34	69.34	69.34	53.34	40
Additional Paid-In Capital	912.61	910.59	909.91	909.91	925.91	57.87
Retained Earnings	754.95	735.78	739.74	691.58	600.55	404.63
Treasury Stock	-34.39	-34.39	-	-	-	-
Total Common Equity	1,703	1,681	1,719	1,671	1,580	502.5
Minority Interest	-	-	-1.65	-0.66	-	-
Shareholders' Equity	1,703	1,681	1,717	1,670	1,580	502.5
Total Liabilities & Equity	2,925	3,108	2,316	2,361	2,387	1,676
Total Debt	135.22	196.75	81.22	98.76	110.71	130.87
Net Cash (Debt)	1,251	1,315	1,264	1,153	1,113	61.9
Net Cash Growth	-10.40%	3.97%	9.71%	3.54%	1698.34%	-58.79%
Net Cash Per Share	18.31	19.03	18.19	16.61	17.95	1.19
Filing Date Shares Outstanding	68.48	70.28	69.34	69.34	69.34	52
Total Common Shares Outstanding	68.48	70.28	69.34	69.34	69.34	52
Working Capital	1,394	1,374	1,518	1,446	1,365	333.21
Book Value Per Share	24.86	23.92	24.79	24.10	22.78	9.66
Tangible Book Value	1,697	1,676	1,715	1,667	1,575	498.31
Tangible Book Value Per Share	24.78	23.84	24.73	24.03	22.71	9.58
Machinery	-	-	312.62	295.71	279.22	219.29

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