SHE:002022 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Cash & Equivalents	803.92	857.93	864.63	1,631	3,475	2,638
Trading Asset Securities	0.31	60.36	0.29	316.77	-	-
Cash & Short-Term Investments	804.23	918.29	864.92	1,948	3,475	2,638
Cash Growth	2.11%	6.17%	-55.59%	-43.95%	31.75%	22.59%
Accounts Receivable	649.7	607.11	884.22	1,139	1,429	990.69
Other Receivables	34.32	28.21	15.35	24.17	33.5	27.21
Receivables	684.03	635.32	899.56	1,163	1,463	1,018
Inventory	635.7	643.51	875.2	975.43	1,266	826.86
Prepaid Expenses	-	1.78	0.35	1.44	0.11	0
Other Current Assets	213.17	208.26	196.39	228.34	241.13	323.39
Total Current Assets	2,337	2,407	2,836	4,316	6,445	4,806
Property, Plant & Equipment	842.97	845.04	858.72	939.89	858.13	676.76
Long-Term Investments	25.6	23.63	26.9	24.89	44.62	45.59
Goodwill	602.53	608.9	660.3	695.08	726.47	831.21
Other Intangible Assets	345.71	355.93	382.8	387.84	334.64	305.08
Long-Term Accounts Receivable	18.8	23.14	26.94	25.73	29.9	26.48
Long-Term Deferred Tax Assets	172.91	172.6	232.63	225.04	154.21	76.96
Long-Term Deferred Charges	193.98	190.15	192.76	180.27	180.58	173.72
Other Long-Term Assets	7.11	14.87	18.66	12.76	45.49	13.67
Total Assets	4,547	4,641	5,236	6,808	8,819	6,955
Accounts Payable	314.64	319.4	276.24	348.08	823.28	316.22
Accrued Expenses	57.79	160.53	166.01	143.57	441.79	286.26
Short-Term Debt	346.63	336.76	83.42	45.05	31.77	95.72
Current Portion of Long-Term Debt	282.21	36.05	36.14	33.65	28.29	20.48
Current Portion of Leases	-	23.81	23.51	26.8	27.71	25.32
Current Income Taxes Payable	10.35	5.53	1.18	8.89	54.42	64.34
Current Unearned Revenue	141.68	135.77	114.55	80.44	307.53	139.77
Other Current Liabilities	168.59	334.78	118.79	216.44	338.34	45.5
Total Current Liabilities	1,322	1,353	819.83	902.92	2,053	993.61
Long-Term Debt	58.36	58.47	300.74	766.63	750.08	705.94
Long-Term Leases	18.21	22.11	25.94	35.33	28.5	32.34
Long-Term Unearned Revenue	27.81	28.85	34.56	38.21	46.66	48.12
Long-Term Deferred Tax Liabilities	8.76	9	10.52	20.26	23.28	19.89
Other Long-Term Liabilities	61.06	60.81	62.15	60.17	64.94	24.05
Total Liabilities	1,496	1,532	1,254	1,824	2,967	1,824
Common Stock	514.35	514.35	514.32	514.3	514.3	514.28
Additional Paid-In Capital	229.5	228.95	228.2	192.87	294.4	295.99
Retained Earnings	1,890	1,939	2,671	3,312	3,854	2,916
Treasury Stock	-101.02	-101.02	-101.02	-	-	-0.13
Comprehensive Income & Other	44.67	56.71	37.26	153.28	152.62	146.06
Total Common Equity	2,578	2,638	3,350	4,172	4,816	3,872
Minority Interest	472.66	471.64	632.55	812.11	1,037	1,259
Shareholders' Equity	3,051	3,110	3,982	4,984	5,853	5,131
Total Liabilities & Equity	4,547	4,641	5,236	6,808	8,819	6,955
Total Debt	705.41	477.21	469.75	907.46	866.35	879.8
Net Cash (Debt)	98.82	441.08	395.17	1,040	2,609	1,758
Net Cash Growth	-61.76%	11.62%	-62.01%	-60.12%	48.40%	53.98%
Net Cash Per Share	0.19	0.86	0.78	2.02	4.89	3.31
Filing Date Shares Outstanding	500.65	500.65	500.62	514.3	514.3	514.28
Total Common Shares Outstanding	500.65	500.65	500.62	514.3	514.3	514.28
Working Capital	1,015	1,055	2,017	3,413	4,392	3,812
Book Value Per Share	5.15	5.27	6.69	8.11	9.36	7.53
Tangible Book Value	1,630	1,673	2,307	3,089	3,754	2,736
Tangible Book Value Per Share	3.26	3.34	4.61	6.01	7.30	5.32
Buildings	-	691.34	656.24	595.32	535.65	264.49
Machinery	-	856.41	853.2	873.62	776.62	638.37
Construction In Progress	-	0.53	3.58	38.3	21.84	164.2

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