SHE:002109 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	1,338	1,154	1,452	1,820	1,710	1,547
Cash & Short-Term Investments	1,338	1,154	1,452	1,820	1,710	1,547
Cash Growth	-5.29%	-20.54%	-20.24%	6.45%	10.56%	49.56%
Accounts Receivable	13.1	10.75	13.11	21.29	500.14	342.13
Other Receivables	0.17	13.62	14.94	217.14	0.13	0.22
Receivables	13.27	24.37	28.05	238.42	500.27	342.35
Inventory	200.07	223.7	232.16	330.33	183.27	113.46
Prepaid Expenses	-	0.64	-	22.35	-	-
Other Current Assets	106.47	48.27	22.11	63.2	261.68	12.23
Total Current Assets	1,658	1,451	1,734	2,475	2,655	2,015
Property, Plant & Equipment	8,255	8,387	8,929	9,394	8,902	2,623
Long-Term Investments	4.76	4.76	5.2	9.9	24.69	12.15
Other Intangible Assets	452.25	457.66	477.76	501.23	408.25	149.34
Long-Term Deferred Tax Assets	29.19	30.45	30.08	16.1	15.03	15.14
Long-Term Deferred Charges	35.91	42.31	77.29	-	-	-
Other Long-Term Assets	-	-	0.04	0.15	5.67	14.78
Total Assets	10,435	10,373	11,253	12,396	12,011	4,830
Accounts Payable	1,048	1,120	1,223	1,208	1,401	151.75
Accrued Expenses	15.48	37.82	57.72	31.3	25.69	19.8
Short-Term Debt	-	-	-	-	-	60
Current Portion of Long-Term Debt	591.16	590.43	492.11	283.62	76.65	-
Current Portion of Leases	-	0.57	0.55	0.56	0.54	0.52
Current Income Taxes Payable	28.08	-	2.07	0.85	0.1	11.47
Current Unearned Revenue	76.74	42.81	92.71	57.68	27.03	91.6
Other Current Liabilities	364.09	531.05	369.87	352	356.34	17.92
Total Current Liabilities	2,124	2,323	2,238	1,934	1,887	353.07
Long-Term Debt	3,773	3,515	3,611	3,931	3,650	-
Long-Term Leases	3.63	3.78	4.35	4.09	4.65	5.2
Long-Term Unearned Revenue	9.11	9.26	9.6	10.15	10.57	6.69
Long-Term Deferred Tax Liabilities	-	-	-	0.66	0.75	-
Total Liabilities	5,909	5,851	5,863	5,880	5,554	364.96
Common Stock	1,276	1,276	1,276	1,276	1,053	1,053
Additional Paid-In Capital	2,815	2,815	2,816	3,459	3,241	2,231
Retained Earnings	-202.72	-195.82	321.67	757.13	1,254	1,128
Comprehensive Income & Other	30.7	29.48	31.81	36.66	45.58	52.74
Total Common Equity	3,920	3,925	4,446	5,529	5,593	4,465
Minority Interest	606.15	596.56	943.92	986.77	864.43	-
Shareholders' Equity	4,526	4,522	5,390	6,516	6,457	4,465
Total Liabilities & Equity	10,435	10,373	11,253	12,396	12,011	4,830
Total Debt	4,367	4,109	4,109	4,219	3,732	65.71
Net Cash (Debt)	-3,029	-2,956	-2,656	-2,399	-2,022	1,481
Net Cash Growth	-	-	-	-	-	77.59%
Net Cash Per Share	-2.37	-2.32	-2.08	-2.27	-1.92	1.41
Filing Date Shares Outstanding	1,276	1,276	1,276	1,276	1,053	1,053
Total Common Shares Outstanding	1,276	1,276	1,276	1,276	1,053	1,053
Working Capital	-465.57	-872.3	-503.55	540.53	768.14	1,662
Book Value Per Share	3.07	3.08	3.48	4.33	5.31	4.24
Tangible Book Value	3,467	3,468	3,968	5,028	5,185	4,315
Tangible Book Value Per Share	2.72	2.72	3.11	3.94	4.92	4.10
Buildings	-	2,330	2,785	2,795	1,185	1,062
Machinery	-	9,588	9,119	8,946	3,422	3,331
Construction In Progress	-	2.17	28.11	130.17	6,317	49.86