SHE:301311 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	1,050	1,184	1,128	1,149	1,325	711.57
Cash & Short-Term Investments	1,050	1,184	1,128	1,149	1,325	711.57
Cash Growth	5.38%	4.95%	-1.85%	-13.29%	86.23%	-1.58%
Accounts Receivable	953.77	985.2	1,369	1,559	1,437	1,168
Other Receivables	41.79	39.64	73.54	82.2	84.95	84.72
Receivables	995.55	1,025	1,443	1,641	1,522	1,253
Inventory	1,135	1,277	1,517	1,314	1,030	809.39
Prepaid Expenses	-	-	0.03	-	-	-
Other Current Assets	249.61	205.66	298.66	314.01	264.15	85.09
Total Current Assets	3,430	3,691	4,386	4,418	4,141	2,859
Property, Plant & Equipment	298.24	269.53	295.21	313.43	325.81	338.38
Long-Term Investments	7.54	9	8.46	8.08	8.09	7.99
Other Intangible Assets	70.55	71.11	72.86	75.24	77.48	81.16
Long-Term Deferred Tax Assets	56.87	52.61	43.85	36.36	34.57	28.88
Total Assets	3,863	4,093	4,807	4,851	4,587	3,315
Accounts Payable	847.45	973.05	1,232	1,418	1,256	1,114
Accrued Expenses	1.66	0.65	40.1	55.99	103.76	71.78
Short-Term Debt	-	-	-	-	310.27	308.2
Current Portion of Long-Term Debt	326.19	318.64	0.36	0.36	-	-
Current Portion of Leases	-	-	15.21	12.99	16.57	14.36
Current Income Taxes Payable	5.93	15.72	1.59	0.34	-	0.17
Current Unearned Revenue	696.94	809.47	1,039	860.92	873.45	678.39
Other Current Liabilities	67	62.94	91.59	123.97	155.73	136.43
Total Current Liabilities	1,945	2,180	2,420	2,473	2,716	2,323
Long-Term Debt	100	100	450	450	-	-
Long-Term Leases	26.52	-	5.74	17.9	21.25	32.33
Long-Term Unearned Revenue	-	-	1.76	-	1.76	-
Pension & Post-Retirement Benefits	-	-	-	-	-	56.93
Long-Term Deferred Tax Liabilities	5.24	0.55	2.99	4.64	5.65	-
Other Long-Term Liabilities	72.46	73.85	83.89	53.56	56.18	6.55
Total Liabilities	2,149	2,355	2,964	2,999	2,801	2,419
Common Stock	240	240	240	240	240	180
Additional Paid-In Capital	1,231	1,231	1,231	1,231	1,231	514.52
Retained Earnings	221.44	246.84	354.56	361.6	294.26	187.45
Comprehensive Income & Other	21.45	20.7	17.07	19.5	20.66	14.2
Shareholders' Equity	1,714	1,739	1,843	1,852	1,786	896.17
Total Liabilities & Equity	3,863	4,093	4,807	4,851	4,587	3,315
Total Debt	452.71	418.64	471.3	481.24	348.1	354.89
Net Cash (Debt)	597.02	764.97	656.49	667.81	977.05	356.68
Net Cash Growth	10.41%	16.53%	-1.70%	-31.65%	173.92%	-3.96%
Net Cash Per Share	2.44	3.15	3.08	2.82	5.31	1.97
Filing Date Shares Outstanding	230.83	251.84	240	240	240	192.54
Total Common Shares Outstanding	230.83	251.84	240	240	240	192.54
Working Capital	1,485	1,511	1,967	1,945	1,425	535.58
Book Value Per Share	7.43	6.90	7.68	7.72	7.44	4.65
Tangible Book Value	1,643	1,668	1,770	1,777	1,709	815.01
Tangible Book Value Per Share	7.12	6.62	7.37	7.40	7.12	4.23
Buildings	-	-	232.39	232.39	232.39	232.39
Machinery	-	-	220.51	216.68	212.89	210.55
Construction In Progress	-	-	-	1.06	0.41	-

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