SHE:301217 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	884.16	692.89	301.01	1,277	1,613	248.93
Trading Asset Securities	-	500.62	651.15	501.12	1,002	-
Cash & Short-Term Investments	884.16	1,194	952.16	1,778	2,615	248.93
Cash Growth	1.88%	25.35%	-46.45%	-32.01%	950.63%	480.16%
Accounts Receivable	2,669	2,449	1,985	1,461	850.54	840.54
Other Receivables	34.98	30.35	15.73	-	-	0.04
Receivables	2,704	2,480	2,000	1,461	850.54	840.58
Inventory	989.09	693.52	632.2	595.47	408.76	357.46
Other Current Assets	1.13	1.67	4.49	40.64	4.13	88.05
Total Current Assets	4,578	4,368	3,589	3,875	3,879	1,535
Property, Plant & Equipment	3,003	3,046	3,125	2,859	2,148	1,716
Other Intangible Assets	95.39	96.44	100.97	105.93	109.64	114.75
Long-Term Deferred Tax Assets	119.12	136.11	124.49	71.09	52.75	52.46
Other Long-Term Assets	6.88	8.81	7.19	29.31	11.04	15.71
Total Assets	7,803	7,656	6,947	6,940	6,200	3,434
Accounts Payable	478.42	499.32	623.52	539.02	176.18	114.81
Accrued Expenses	7.5	29.58	27.18	19.16	28.39	38.38
Short-Term Debt	897.24	893.12	398.87	307.95	60	879
Current Portion of Long-Term Debt	196.37	196.38	36.17	16.16	16.03	66
Current Income Taxes Payable	12.39	0.43	-	4.19	5.47	21.9
Current Unearned Revenue	3.17	9.29	8.53	48.56	55.71	13.4
Other Current Liabilities	80.2	14.29	4.76	6.33	4.36	4.48
Total Current Liabilities	1,675	1,642	1,099	941.35	346.14	1,138
Long-Term Debt	404	404	270	266	82	98
Long-Term Unearned Revenue	222.51	219.03	195.69	153.73	126.13	122.47
Long-Term Deferred Tax Liabilities	-	-	-	-	-	0.06
Total Liabilities	2,302	2,265	1,565	1,361	554.27	1,358
Common Stock	829.02	829.02	829.02	829.02	829.02	621.76
Additional Paid-In Capital	4,171	4,171	4,171	4,171	4,171	947.81
Retained Earnings	527.05	420.71	374.58	580.66	646.36	505.61
Treasury Stock	-31.83	-31.83	-	-	-	-
Comprehensive Income & Other	6.16	2.06	7.59	-0.96	-	0.41
Total Common Equity	5,501	5,391	5,382	5,579	5,646	2,076
Shareholders' Equity	5,501	5,391	5,382	5,579	5,646	2,076
Total Liabilities & Equity	7,803	7,656	6,947	6,940	6,200	3,434
Total Debt	1,498	1,493	705.04	590.1	158.03	1,043
Net Cash (Debt)	-613.45	-299.99	247.12	1,188	2,457	-794.07
Net Cash Growth	-	-	-79.20%	-51.66%	-	-
Net Cash Per Share	-0.71	-0.38	0.30	1.38	3.06	-1.27
Filing Date Shares Outstanding	826.02	826.02	829.02	829.02	829.02	829.02
Total Common Shares Outstanding	826.02	826.02	829.02	829.02	829.02	621.76
Working Capital	2,903	2,726	2,490	2,934	3,533	397.05
Book Value Per Share	6.66	6.53	6.49	6.73	6.81	3.34
Tangible Book Value	5,406	5,294	5,281	5,473	5,536	1,961
Tangible Book Value Per Share	6.54	6.41	6.37	6.60	6.68	3.15
Buildings	-	813.52	807.72	492.85	478.08	410.94
Machinery	-	3,954	3,813	2,838	2,296	2,289
Construction In Progress	-	4.87	5.74	841.19	538.42	39.33

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