SHE:002009 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	631.04	640.02	751.53	939.96	847.66	950.77
Trading Asset Securities	38.42	38.42	138.98	38.69	162.31	38.42
Cash & Short-Term Investments	669.46	678.44	890.51	978.65	1,010	989.19
Cash Growth	-19.89%	-23.81%	-9.01%	-3.10%	2.10%	-3.30%
Accounts Receivable	1,634	1,651	1,791	1,985	2,131	1,909
Other Receivables	87.9	89.81	125.33	130.21	75.77	148.24
Receivables	1,722	1,740	1,916	2,115	2,207	2,057
Inventory	593.03	556.84	570.12	729.89	1,359	1,083
Other Current Assets	186.92	175.94	273.91	200.17	268.03	202.97
Total Current Assets	3,172	3,152	3,651	4,024	4,844	4,332
Property, Plant & Equipment	1,034	1,027	939.53	1,180	1,175	894.65
Long-Term Investments	517.57	522.14	434.37	377.59	385.89	129.09
Goodwill	361.18	361.18	361.18	380.88	396.13	421.86
Other Intangible Assets	190.52	198.58	211.24	244.37	319.52	356.6
Long-Term Deferred Tax Assets	148.62	153.31	145.09	128.99	54.23	43.26
Long-Term Deferred Charges	31.95	28.68	34.33	73.28	66.02	37.16
Other Long-Term Assets	56.13	56.46	63.57	83.19	22.36	8.83
Total Assets	5,512	5,499	5,840	6,492	7,264	6,223
Accounts Payable	1,231	1,231	1,379	1,630	1,875	1,641
Accrued Expenses	23.63	62.46	64.89	70.85	87.41	88.46
Short-Term Debt	1,223	1,242	1,334	1,036	1,849	1,497
Current Portion of Long-Term Debt	336.39	362.31	306.74	482.46	114.45	97.83
Current Portion of Leases	-	-	3	6.71	5.46	25.71
Current Income Taxes Payable	35.19	30.9	10.68	1.14	10.82	8.86
Current Unearned Revenue	197.88	135.02	217.59	193.02	157.05	217.11
Other Current Liabilities	118.34	94.36	206.69	322.19	288.86	199.88
Total Current Liabilities	3,166	3,159	3,523	3,742	4,388	3,776
Long-Term Debt	194.35	218.57	326.25	482.53	505.96	185.78
Long-Term Leases	16.17	17.07	4.6	27.92	7.12	5.57
Long-Term Unearned Revenue	62.34	51.52	45.41	44.15	54.8	56.58
Long-Term Deferred Tax Liabilities	7.38	7.35	4.99	12.02	5.88	1.44
Other Long-Term Liabilities	24.3	33.05	-	-	1	-
Total Liabilities	3,470	3,486	3,904	4,309	4,963	4,025
Common Stock	402.23	402.23	402.23	407.77	380.72	379.3
Additional Paid-In Capital	1,013	1,013	978.41	924.49	632.79	718.37
Retained Earnings	612.94	588.33	533.64	796.59	1,217	1,029
Treasury Stock	-	-	-	-32.95	-48	-52.15
Comprehensive Income & Other	25.05	25.15	21.46	14.2	9.11	1.37
Total Common Equity	2,053	2,029	1,936	2,110	2,191	2,076
Minority Interest	-11.85	-16.05	0.65	73.12	109.72	122.12
Shareholders' Equity	2,042	2,013	1,936	2,183	2,301	2,198
Total Liabilities & Equity	5,512	5,499	5,840	6,492	7,264	6,223
Total Debt	1,770	1,840	1,975	2,035	2,482	1,812
Net Cash (Debt)	-1,101	-1,162	-1,084	-1,056	-1,472	-822.79
Net Cash Per Share	-2.77	-2.97	-2.68	-2.77	-3.95	-2.24
Filing Date Shares Outstanding	410.14	376.49	402.23	407.77	380.72	379.3
Total Common Shares Outstanding	410.14	376.49	402.23	407.77	380.72	379.3
Working Capital	6.03	-7.01	128.33	281.84	456.19	556.4
Book Value Per Share	5.01	5.39	4.81	5.17	5.76	5.47
Tangible Book Value	1,502	1,469	1,363	1,485	1,476	1,298
Tangible Book Value Per Share	3.66	3.90	3.39	3.64	3.88	3.42
Buildings	-	-	752.88	1,014	874.3	841.3
Machinery	-	-	1,053	1,110	973.62	887.96
Construction In Progress	-	-	73.46	50.53	340.33	150.93

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