SHE:000859 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	221	291.45	378.51	564.03	753.16	869.94
Short-Term Investments	-	84.91	172.97	176.33	60.14	87.48
Cash & Short-Term Investments	221	376.37	551.48	740.36	813.3	957.42
Cash Growth	-55.33%	-31.75%	-25.51%	-8.97%	-15.05%	-19.79%
Accounts Receivable	509.47	502.21	530.42	489.05	429.08	335.11
Other Receivables	9.6	9.34	7.42	1.83	11.67	39.04
Receivables	519.07	511.55	537.84	490.88	440.75	374.15
Inventory	250.89	246.78	228.1	224.19	198.15	196.18
Prepaid Expenses	-	2.41	0.85	0.28	7.87	0.16
Other Current Assets	129.32	50.75	82.31	44.98	83.9	57.03
Total Current Assets	1,120	1,188	1,401	1,501	1,544	1,585
Property, Plant & Equipment	3,035	3,014	2,298	1,887	1,468	1,232
Long-Term Investments	125.43	124.87	176.85	221.34	328.82	234.93
Other Intangible Assets	159.72	160.75	164.88	152.07	137.49	114.73
Long-Term Deferred Tax Assets	76.14	75.64	94.42	95.55	95.34	9.45
Long-Term Deferred Charges	28.21	25.11	27.81	39.49	5.66	0.44
Other Long-Term Assets	21.18	40.56	175.51	174.55	101.04	75.97
Total Assets	4,566	4,629	4,338	4,071	3,680	3,253
Accounts Payable	576.76	650.2	747.85	702.31	384.8	267.66
Accrued Expenses	27.51	41.09	40.47	39.78	35.48	30.61
Short-Term Debt	274.15	245.1	145.02	55.72	53.14	-
Current Portion of Long-Term Debt	43.02	46.42	99.96	2.65	40.9	-
Current Portion of Leases	-	-	-	0.55	-	-
Current Income Taxes Payable	4.35	0.08	0.11	0.08	3.55	1.52
Current Unearned Revenue	33.18	20.74	22.54	27.04	16.12	15.93
Other Current Liabilities	53.37	58.92	57.69	73.99	78.23	55.82
Total Current Liabilities	1,012	1,063	1,114	902.1	612.2	371.54
Long-Term Debt	734.12	726.54	295.75	170.44	18.78	76.71
Long-Term Unearned Revenue	94.11	92.01	90.6	86.57	84.4	60.1
Long-Term Deferred Tax Liabilities	27.94	28.56	46.31	50.34	57.19	0.06
Other Long-Term Liabilities	-	-	-	-	-	48.29
Total Liabilities	1,869	1,910	1,546	1,209	772.57	556.7
Common Stock	895.98	895.98	895.98	895.98	895.98	895.98
Additional Paid-In Capital	1,128	1,128	1,128	1,128	1,128	1,128
Retained Earnings	673.01	694.55	767.02	836.74	883.3	671.5
Total Common Equity	2,697	2,719	2,791	2,861	2,908	2,696
Shareholders' Equity	2,697	2,719	2,791	2,861	2,908	2,696
Total Liabilities & Equity	4,566	4,629	4,338	4,071	3,680	3,253
Total Debt	1,051	1,018	540.73	229.35	112.82	76.71
Net Cash (Debt)	-830.29	-641.69	10.75	511.01	700.49	880.71
Net Cash Growth	-	-	-97.89%	-27.05%	-20.46%	-20.95%
Net Cash Per Share	-0.85	-0.71	0.01	0.54	0.79	1.00
Filing Date Shares Outstanding	1,077	895.98	895.98	895.98	895.98	895.98
Total Common Shares Outstanding	1,077	895.98	895.98	895.98	895.98	895.98
Working Capital	107.94	125.3	286.93	598.6	931.76	1,213
Book Value Per Share	2.50	3.03	3.12	3.19	3.25	3.01
Tangible Book Value	2,538	2,558	2,627	2,709	2,770	2,581
Tangible Book Value Per Share	2.36	2.86	2.93	3.02	3.09	2.88
Buildings	-	905.85	702.29	470.47	447.1	431.94
Machinery	-	2,353	2,025	1,747	1,728	1,284
Construction In Progress	-	951.19	664.64	644.26	159.88	305.53

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