SHE:301211 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	425.28	447.66	543.14	1,694	1,858	1,860
Trading Asset Securities	1,115	1,107	1,094	129.4	103.98	-
Cash & Short-Term Investments	1,540	1,555	1,637	1,824	1,962	1,860
Cash Growth	-5.16%	-5.00%	-10.26%	-7.05%	5.50%	438.28%
Accounts Receivable	99.54	91.47	75.53	75.08	127.47	161.05
Other Receivables	4.88	5.95	9.26	2.66	1.35	3.09
Receivables	104.42	97.42	84.79	77.74	128.82	164.14
Inventory	125.84	122.68	137.85	173.8	114.7	89.5
Other Current Assets	21.99	16.57	15.28	23.59	21.21	15.67
Total Current Assets	1,792	1,792	1,875	2,099	2,227	2,129
Property, Plant & Equipment	524.38	525.89	527.75	361.99	184.8	131.7
Long-Term Investments	10.38	10.38	9.64	-	-	-
Other Intangible Assets	66.3	66.83	68.94	71.07	73.27	66.67
Long-Term Deferred Tax Assets	2.36	2.36	2.05	2.19	2.39	1.52
Long-Term Deferred Charges	4.31	4.38	1.05	1.33	-	-
Other Long-Term Assets	0.18	0.43	4.61	11.03	11.47	1.24
Total Assets	2,400	2,402	2,489	2,547	2,499	2,330
Accounts Payable	59.4	72.27	116.04	117.71	82.62	36.13
Accrued Expenses	10.39	17.09	14.99	12.92	11.64	8.86
Current Portion of Leases	-	1.13	1.59	1.51	0.97	-
Current Income Taxes Payable	4.33	1.13	3.13	14.27	18.14	12.84
Current Unearned Revenue	15.95	9.15	11.87	15.01	69.72	6.34
Other Current Liabilities	13.12	13.78	16.76	13.73	25.82	38.84
Total Current Liabilities	104.33	114.55	164.38	175.14	208.91	103.01
Long-Term Leases	1.22	2.01	3.62	5.15	6.43	-
Long-Term Unearned Revenue	1.95	1.96	2.04	2.1	0.22	0.28
Long-Term Deferred Tax Liabilities	10.13	10.13	8.92	7.49	6.7	4.24
Total Liabilities	117.63	128.65	178.97	189.89	222.26	107.53
Common Stock	417.6	417.6	288	288	240	240
Additional Paid-In Capital	1,627	1,627	1,757	1,757	1,805	1,805
Retained Earnings	237.61	228.39	265.48	312.17	232.06	178.26
Comprehensive Income & Other	0.37	0.33	-0.3	-	-	-
Total Common Equity	2,282	2,273	2,310	2,357	2,277	2,223
Shareholders' Equity	2,282	2,273	2,310	2,357	2,277	2,223
Total Liabilities & Equity	2,400	2,402	2,489	2,547	2,499	2,330
Total Debt	2.35	3.13	5.22	6.66	7.4	-
Net Cash (Debt)	1,538	1,552	1,631	1,817	1,955	1,860
Net Cash Growth	-5.00%	-4.88%	-10.22%	-7.04%	5.10%	438.28%
Net Cash Per Share	3.64	3.56	3.92	4.34	4.71	5.97
Filing Date Shares Outstanding	460.9	417.6	417.6	417.6	417.6	417.6
Total Common Shares Outstanding	460.9	417.6	417.6	417.6	417.6	417.6
Working Capital	1,688	1,677	1,710	1,924	2,018	2,026
Book Value Per Share	4.95	5.44	5.53	5.64	5.45	5.32
Tangible Book Value	2,216	2,206	2,241	2,286	2,203	2,156
Tangible Book Value Per Share	4.81	5.28	5.37	5.47	5.28	5.16
Buildings	-	286.89	257.27	114.69	107.54	103.36
Machinery	-	460.78	405.47	185.73	180.96	173.8
Construction In Progress	-	8.2	53.5	228.77	51.56	2.17

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