SHE:301293 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	Dec '21 Dec 31, 2021
Cash & Equivalents	387.99	447.72	708.35	822.12	600.39	462.33
Trading Asset Securities	50.09	-	50.13	762.41	10	90.17
Cash & Short-Term Investments	438.07	447.72	758.48	1,585	610.39	552.5
Cash Growth	-34.48%	-40.97%	-52.13%	159.59%	10.48%	-10.47%
Accounts Receivable	126.48	114.36	120.37	96.73	69.21	90.91
Other Receivables	10.1	8.29	8.81	3.93	5.42	4.62
Receivables	136.58	122.66	129.18	100.67	74.63	95.53
Inventory	64.62	63.21	53.74	31.34	31.7	28.41
Prepaid Expenses	-	0.7	4.09	0.17	0.31	0.66
Other Current Assets	20.87	24.37	34.97	16.91	25.15	22.22
Total Current Assets	660.14	658.66	980.46	1,734	742.19	699.32
Property, Plant & Equipment	2,092	2,106	1,595	759.58	643.32	597.12
Long-Term Investments	83.13	83.28	-	-	-	10.45
Goodwill	171.07	171.07	171.07	25.39	15.17	15.17
Other Intangible Assets	583.89	573.93	579.74	503.88	403.84	414.37
Long-Term Deferred Tax Assets	18.95	19.87	13.83	14.76	14.33	11.89
Long-Term Deferred Charges	262.47	269.76	80.49	87.43	28.78	29.82
Other Long-Term Assets	31.3	27.03	110.94	9.44	91.23	12.6
Total Assets	3,903	3,910	3,531	3,134	1,939	1,791
Accounts Payable	339.2	126.38	149.77	145.34	107.66	110.54
Accrued Expenses	55	142.79	150.38	113.55	54.65	79.58
Short-Term Debt	8	-	-	1	12.13	19.11
Current Portion of Long-Term Debt	38.4	6.49	-	-	-	-
Current Portion of Leases	-	34.82	34.1	40.62	40.22	32.63
Current Income Taxes Payable	19.11	10.31	9.13	8.24	3.3	0.42
Current Unearned Revenue	23.43	11.83	10.95	6.15	5.34	5.1
Other Current Liabilities	37.72	243.94	212.55	127.53	119.52	43.11
Total Current Liabilities	520.86	576.55	566.88	442.43	342.8	290.49
Long-Term Debt	459.93	423.04	135.78	-	-	-
Long-Term Leases	167.02	199.98	139.27	144.41	180.67	216.25
Long-Term Unearned Revenue	6.82	6.75	4.63	3.77	3.95	7.29
Long-Term Deferred Tax Liabilities	28.4	28.54	29.38	0.1	-	0.71
Other Long-Term Liabilities	64.94	29.71	25.45	35.24	30.62	35.94
Total Liabilities	1,248	1,265	901.39	625.95	558.03	550.68
Common Stock	205.99	205.99	205.99	158.45	118.84	118.84
Additional Paid-In Capital	1,621	1,621	1,632	1,691	721.22	676.35
Retained Earnings	634.26	619.23	565.09	475.11	396.87	334.11
Treasury Stock	-104.19	-104.19	-104.19	-	-	-
Total Common Equity	2,358	2,342	2,298	2,325	1,237	1,129
Minority Interest	297.94	302.74	331.46	183.44	143.89	110.76
Shareholders' Equity	2,655	2,645	2,630	2,508	1,381	1,240
Total Liabilities & Equity	3,903	3,910	3,531	3,134	1,939	1,791
Total Debt	673.35	664.32	309.14	186.03	233.01	267.99
Net Cash (Debt)	-235.28	-216.6	449.34	1,399	377.38	284.51
Net Cash Growth	-	-	-67.87%	270.58%	32.64%	-50.46%
Net Cash Per Share	-1.13	-1.05	2.18	7.33	2.42	1.84
Filing Date Shares Outstanding	214.78	202.99	202.99	205.99	154.49	154.49
Total Common Shares Outstanding	214.78	202.99	202.99	205.99	154.49	154.49
Working Capital	139.28	82.12	413.59	1,291	399.38	408.83
Book Value Per Share	10.98	11.54	11.32	11.29	8.01	7.31
Tangible Book Value	1,603	1,597	1,548	1,795	817.92	699.76
Tangible Book Value Per Share	7.46	7.87	7.62	8.72	5.29	4.53
Buildings	-	1,076	336.92	-	-	-
Machinery	-	882.25	574.94	482.8	450.61	417.7
Construction In Progress	-	321.05	866.19	391.84	236.16	152.9

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