SHE:002102 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	1,223	998.57	1,923	2,121	1,001	304.29
Short-Term Investments	-	-	-	-	826	1,035
Cash & Short-Term Investments	1,223	998.57	1,923	2,121	1,827	1,340
Cash Growth	-35.25%	-48.07%	-9.36%	16.08%	36.41%	295.51%
Accounts Receivable	560.93	460.35	279.57	398.94	462.22	353.29
Other Receivables	399.69	372.38	813.97	15.84	129.35	199.71
Receivables	960.62	832.73	1,094	567.25	591.57	553
Inventory	1,253	1,199	1,400	1,927	1,662	1,271
Prepaid Expenses	-	-	0.14	0.16	0.43	0.23
Other Current Assets	271.73	250.5	361.44	369.34	437.12	465.91
Total Current Assets	3,708	3,281	4,778	4,985	4,518	3,629
Property, Plant & Equipment	981.07	980.07	1,038	1,137	1,228	1,318
Long-Term Investments	899.1	1,298	938.16	673.75	557.96	437.96
Goodwill	358.47	358.47	589.06	1,382	1,538	1,728
Other Intangible Assets	158.24	159.46	268.82	225.99	215.97	215.25
Long-Term Accounts Receivable	-	4.65	6.19	19.16	173.39	235.43
Long-Term Deferred Tax Assets	44.03	41.75	49.74	31.59	28.27	36.57
Long-Term Deferred Charges	2.1	2.28	2.61	26.16	35.86	45.44
Other Long-Term Assets	544.59	532.98	549.26	668.74	695.57	1,508
Total Assets	6,696	6,659	8,219	9,150	9,150	9,360
Accounts Payable	1,593	1,524	2,406	2,739	2,358	2,645
Accrued Expenses	11.39	29.35	30.52	29.36	50.33	286.33
Short-Term Debt	884.62	964.36	952.87	1,056	922.32	731.59
Current Portion of Long-Term Debt	158.6	158.85	168.41	264.12	-	8
Current Portion of Leases	-	0.5	0.61	1.96	2.69	3.04
Current Income Taxes Payable	16.01	4.73	10.52	19.15	14.6	24.38
Current Unearned Revenue	45.68	106.99	471.25	147.67	96.91	162.09
Other Current Liabilities	353.77	272.39	143.74	140.47	483.2	637.1
Total Current Liabilities	3,064	3,061	4,184	4,398	3,928	4,497
Long-Term Debt	189.65	189.4	216.09	184.17	905.2	622.21
Long-Term Leases	0.5	-	1.32	17.01	19.02	21.22
Long-Term Unearned Revenue	55.1	51.58	57.32	66.98	72.79	80.76
Long-Term Deferred Tax Liabilities	63.57	63.64	68.06	133.96	114.78	104.56
Other Long-Term Liabilities	22.97	22.4	14.87	65.18	95.29	482.02
Total Liabilities	3,395	3,389	4,541	4,865	5,135	5,808
Common Stock	2,476	2,476	2,634	2,634	2,634	2,634
Additional Paid-In Capital	1,319	1,319	1,669	1,666	1,699	1,699
Retained Earnings	-708.79	-732.5	-980.95	-359.66	-618.4	-1,063
Treasury Stock	-140	-140	-5	-5	-5	-5
Comprehensive Income & Other	154.17	154.2	154.74	154.75	153.75	153.89
Total Common Equity	3,100	3,076	3,472	4,090	3,863	3,419
Minority Interest	200.27	193.98	206.34	194.79	151.9	133.22
Shareholders' Equity	3,300	3,270	3,678	4,285	4,015	3,552
Total Liabilities & Equity	6,696	6,659	8,219	9,150	9,150	9,360
Total Debt	1,233	1,313	1,339	1,524	1,849	1,386
Net Cash (Debt)	-10.36	-314.54	583.57	597.63	-21.75	-46.33
Net Cash Growth	-	-	-2.35%	-	-	-
Net Cash Per Share	-0.00	-0.13	0.22	0.23	-0.01	-0.02
Filing Date Shares Outstanding	2,470	2,441	2,633	2,639	2,633	2,633
Total Common Shares Outstanding	2,470	2,441	2,633	2,639	2,633	2,633
Working Capital	644.47	219.53	593.99	587.3	590.77	-867.64
Book Value Per Share	1.26	1.26	1.32	1.55	1.47	1.30
Tangible Book Value	2,583	2,558	2,614	2,482	2,109	1,475
Tangible Book Value Per Share	1.05	1.05	0.99	0.94	0.80	0.56
Buildings	-	516.87	545.4	530.71	525.86	558.26
Machinery	-	1,061	1,054	1,044	1,012	853.55
Construction In Progress	-	105.24	21.32	5.67	7.18	121.32