SHE:002094 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	353.45	609.33	591.71	749.51	1,104	1,225
Short-Term Investments	-	503.09	560.74	561.91	175.4	182.81
Trading Asset Securities	7.91	7.91	0.02	0.03	0.45	4.15
Cash & Short-Term Investments	361.37	1,120	1,152	1,311	1,280	1,412
Cash Growth	1.44%	-2.79%	-12.12%	2.45%	-9.32%	-10.77%
Accounts Receivable	363.95	402.02	392.3	272.98	180.05	575.35
Other Receivables	156.68	127.59	140.94	123.91	243.32	73.81
Receivables	520.63	529.61	533.24	396.9	425.02	653.65
Inventory	423.26	364.16	399.93	333.28	429.59	635.6
Prepaid Expenses	-	-	-	16.11	22.85	40.45
Restricted Cash	-	-	-	-	11.4	16.44
Other Current Assets	893.1	71.55	57.55	58.34	98.96	600.06
Total Current Assets	2,198	2,086	2,143	2,116	2,268	3,358
Property, Plant & Equipment	416.54	397.23	331.13	342.51	285.3	300.49
Long-Term Investments	530.82	516.74	564.04	558.83	519.48	544.57
Goodwill	5.17	5.17	14.78	47.8	59.06	149.94
Other Intangible Assets	104.6	107.27	25.34	29.13	33.91	75.29
Long-Term Deferred Tax Assets	18.49	17.86	23.23	30.99	35.29	121.17
Long-Term Deferred Charges	0.2	0.22	1.25	3.57	7.67	8.08
Other Long-Term Assets	2.17	1.51	17.76	25.67	27.16	11.65
Total Assets	3,276	3,132	3,121	3,155	3,236	4,569
Accounts Payable	304.08	289.4	399.9	416.56	543.07	810.66
Accrued Expenses	11.34	30.19	39.24	34.74	46.03	107.8
Short-Term Debt	1,235	1,144	1,061	1,159	925.09	771.36
Current Portion of Long-Term Debt	56.52	22.83	44.07	-	-	130.19
Current Portion of Leases	-	33.75	9.52	12.71	14.51	15.93
Current Income Taxes Payable	13.62	7.31	7.39	7.94	2.72	18.62
Current Unearned Revenue	43.56	45.5	34.17	33.06	35.88	204.31
Other Current Liabilities	76.91	33.29	21.82	20.72	179.12	46.32
Total Current Liabilities	1,741	1,606	1,617	1,685	1,746	2,105
Long-Term Debt	26.8	26.84	6.01	-	-	-
Long-Term Leases	4.36	19.08	1.78	7.19	19.92	8.76
Long-Term Deferred Tax Liabilities	7.8	5.73	4.08	1.73	3.01	6.99
Total Liabilities	1,786	1,658	1,629	1,694	1,769	2,121
Common Stock	690.9	690.9	690.9	690.9	690.9	690.9
Additional Paid-In Capital	1,093	1,093	1,093	1,093	1,093	1,093
Retained Earnings	-252.44	-260.23	-161.96	-197.07	-188.05	651.71
Comprehensive Income & Other	-55.8	-62.35	-152.66	-155.01	-162.91	-212.21
Total Common Equity	1,476	1,462	1,470	1,432	1,433	2,224
Minority Interest	14.16	12.04	22.23	28.65	33.09	224.27
Shareholders' Equity	1,490	1,474	1,492	1,461	1,466	2,448
Total Liabilities & Equity	3,276	3,132	3,121	3,155	3,236	4,569
Total Debt	1,322	1,246	1,122	1,179	959.52	926.24
Net Cash (Debt)	-960.85	-126.07	30.3	132.55	320.62	485.44
Net Cash Growth	-	-	-77.14%	-58.66%	-33.95%	-19.90%
Net Cash Per Share	-1.39	-0.18	0.04	0.25	0.46	0.59
Filing Date Shares Outstanding	689.05	690.9	690.9	690.9	690.9	690.9
Total Common Shares Outstanding	689.05	690.9	690.9	690.9	690.9	690.9
Working Capital	457.78	479.49	526.3	431.35	521.54	1,253
Book Value Per Share	2.14	2.12	2.13	2.07	2.07	3.22
Tangible Book Value	1,366	1,349	1,430	1,355	1,340	1,999
Tangible Book Value Per Share	1.98	1.95	2.07	1.96	1.94	2.89
Buildings	-	457.99	439.27	426.3	323.91	290.94
Machinery	-	176.49	176.46	171.17	175.76	91.07
Construction In Progress	-	65.48	1.06	0.36	7.3	11.26

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