SHE:002003 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	1,268	1,216	1,108	1,415	821.35	633.78
Cash & Short-Term Investments	1,268	1,216	1,108	1,415	821.35	633.78
Cash Growth	10.77%	9.72%	-21.71%	72.30%	29.59%	-9.18%
Accounts Receivable	620.72	625.62	658.23	639.48	426.3	480.62
Other Receivables	66.47	28.57	52.56	25.08	24.06	25.21
Receivables	687.19	654.19	710.78	664.56	450.36	505.83
Inventory	821.18	728.11	703.89	604.53	563.37	549.85
Prepaid Expenses	-	104.38	57.28	-	-	-
Other Current Assets	112.3	25.04	29.56	74.42	83.56	74.26
Total Current Assets	2,888	2,727	2,609	2,759	1,919	1,764
Property, Plant & Equipment	3,360	3,334	2,977	2,571	2,212	1,752
Long-Term Investments	98.22	131.77	117.13	103.5	85.92	65.05
Other Intangible Assets	493.63	499.32	403.54	383.25	375.39	308.54
Long-Term Deferred Tax Assets	28.79	25.37	27.73	16.64	59.58	44.09
Long-Term Deferred Charges	16.19	16.8	19.64	19.22	19.77	17.57
Other Long-Term Assets	12.92	85.34	136.25	177.73	109.58	88.03
Total Assets	6,898	6,820	6,290	6,030	4,781	4,039
Accounts Payable	483.81	521.81	515.64	469.58	359.31	363.59
Accrued Expenses	109.32	298.66	281.23	237.16	203.39	218.98
Short-Term Debt	1,062	943.11	711.69	540.51	649.71	328.4
Current Portion of Long-Term Debt	89.77	80.06	96.09	-	5.22	9.55
Current Portion of Leases	-	3.96	24.63	20.48	21.28	27.59
Current Income Taxes Payable	40.94	9.23	19.83	15.64	8.09	23.9
Current Unearned Revenue	80.37	43.95	46.18	40.4	49.83	40.66
Other Current Liabilities	130.65	144.54	59.58	90.97	199.17	155.26
Total Current Liabilities	1,997	2,045	1,755	1,415	1,496	1,168
Long-Term Debt	-	-	-	98.1	199.35	4.78
Long-Term Leases	12.88	2.59	14.29	33.27	19.55	33.49
Long-Term Unearned Revenue	112.32	114.16	99.9	77.06	64.2	55.22
Long-Term Deferred Tax Liabilities	54.9	46	21.55	24.07	69.85	45
Total Liabilities	2,177	2,208	1,891	1,647	1,849	1,306
Common Stock	1,189	1,189	1,169	1,169	1,037	797.85
Additional Paid-In Capital	1,820	1,812	1,710	1,675	582.43	755.44
Retained Earnings	1,782	1,689	1,512	1,572	1,376	1,287
Treasury Stock	-116.19	-129.99	-45.81	-77.52	-108.61	-143.15
Comprehensive Income & Other	-1.13	3.45	9.33	10.5	7.53	-4.1
Total Common Equity	4,674	4,563	4,354	4,349	2,895	2,693
Minority Interest	47.47	49.01	45.34	33.29	36.88	39.86
Shareholders' Equity	4,721	4,612	4,400	4,382	2,932	2,733
Total Liabilities & Equity	6,898	6,820	6,290	6,030	4,781	4,039
Total Debt	1,165	1,030	846.7	692.37	895.11	403.81
Net Cash (Debt)	103.13	185.9	261.19	722.78	-73.76	229.97
Net Cash Growth	-36.59%	-28.83%	-63.86%	-	-	-49.92%
Net Cash Per Share	0.09	0.16	0.22	0.69	-0.07	0.23
Filing Date Shares Outstanding	1,163	1,189	1,169	1,169	1,037	1,037
Total Common Shares Outstanding	1,163	1,189	1,169	1,169	1,037	1,037
Working Capital	891.59	682.01	854.55	1,344	422.65	595.77
Book Value Per Share	4.02	3.84	3.73	3.72	2.79	2.60
Tangible Book Value	4,180	4,064	3,951	3,966	2,520	2,384
Tangible Book Value Per Share	3.59	3.42	3.38	3.39	2.43	2.30
Buildings	-	2,669	2,428	1,751	1,477	1,150
Machinery	-	2,348	2,070	1,744	1,654	1,431
Construction In Progress	-	362.09	251.44	643.82	494.78	462.6

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