SHE:301238 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	1,483	1,184	2,613	5,153	2,976	990.16
Trading Asset Securities	4,047	4,354	2,988	782.13	2,264	-
Cash & Short-Term Investments	5,530	5,538	5,601	5,935	5,240	990.16
Cash Growth	1.52%	-1.12%	-5.63%	13.26%	429.22%	-18.44%
Accounts Receivable	1,192	1,055	1,175	2,194	2,933	3,080
Other Receivables	1.84	64.79	121.35	68.27	23.19	5.32
Receivables	1,194	1,120	1,296	2,262	2,956	3,086
Inventory	253.9	274.92	207.5	216.19	623.28	608.93
Prepaid Expenses	-	0.22	0.59	0.46	-	0.75
Other Current Assets	70.6	5.15	6.99	9.49	11.37	9.46
Total Current Assets	7,049	6,938	7,112	8,424	8,831	4,695
Property, Plant & Equipment	1,780	1,823	2,149	1,759	1,065	744.18
Long-Term Investments	438.52	427.81	459.87	460.15	53.23	3.8
Other Intangible Assets	249.11	252.18	237.95	216.06	183.79	98.69
Long-Term Deferred Tax Assets	11.15	11.31	13.52	15	16.8	28.69
Long-Term Deferred Charges	0.21	0.34	0.85	1.18	-	-
Other Long-Term Assets	-	-	41.05	72.47	54.9	18.28
Total Assets	9,528	9,454	10,014	10,948	10,204	5,589
Accounts Payable	735.83	697.98	846.58	1,668	2,684	2,515
Accrued Expenses	25.91	84.3	72.57	89.46	120.74	138.42
Short-Term Debt	764.82	772.3	191.39	316.56	262.91	-
Current Portion of Long-Term Debt	115.46	52.47	288.27	500.91	-	-
Current Portion of Leases	-	0.9	0.98	0.92	0.04	-
Current Income Taxes Payable	90	104.44	17.92	57.78	34.88	80.48
Current Unearned Revenue	6.68	2.89	2.99	3.67	5.9	6.39
Other Current Liabilities	65.64	92.28	45.52	76.4	42.56	45.55
Total Current Liabilities	1,804	1,808	1,466	2,713	3,151	2,786
Long-Term Debt	232.96	266.24	1,070	705	-	-
Long-Term Leases	-	-	0.96	2.05	0.01	-
Long-Term Unearned Revenue	26.99	28.16	25.85	27.6	28.27	25.38
Long-Term Deferred Tax Liabilities	3.7	3.73	12.63	8.45	8.97	-
Total Liabilities	2,068	2,106	2,575	3,457	3,188	2,812
Common Stock	733.33	733.33	733.33	733.33	733.33	550
Additional Paid-In Capital	3,737	3,736	3,697	3,699	3,699	494.26
Retained Earnings	2,849	2,722	2,647	2,709	2,316	1,539
Comprehensive Income & Other	67.91	85.64	51.61	50.43	-9.22	-28.73
Total Common Equity	7,387	7,278	7,128	7,191	6,739	2,554
Minority Interest	73.67	70.28	310.79	300.33	277.57	223.01
Shareholders' Equity	7,460	7,348	7,439	7,491	7,016	2,777
Total Liabilities & Equity	9,528	9,454	10,014	10,948	10,204	5,589
Total Debt	1,113	1,092	1,551	1,525	262.95	-
Net Cash (Debt)	4,417	4,446	4,050	4,410	4,977	990.16
Net Cash Growth	10.75%	9.79%	-8.17%	-11.40%	402.67%	-17.77%
Net Cash Per Share	5.79	6.00	5.74	6.05	7.75	1.81
Filing Date Shares Outstanding	733.33	733.33	733.33	733.33	733.33	733.33
Total Common Shares Outstanding	733.33	733.33	733.33	733.33	733.33	550
Working Capital	5,245	5,131	5,646	5,710	5,680	1,909
Book Value Per Share	10.07	9.92	9.72	9.81	9.19	4.64
Tangible Book Value	7,137	7,025	6,890	6,975	6,555	2,455
Tangible Book Value Per Share	9.73	9.58	9.40	9.51	8.94	4.46
Buildings	-	1,374	993.87	597.12	537.51	418.83
Machinery	-	1,078	969.55	705.16	634.8	399.95
Construction In Progress	-	26.53	668.03	828.87	188.97	163.24

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