SHE:002114 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	101.41	168.36	247.88	317.51	249.72	267.39
Trading Asset Securities	-	-	-	-	0.25	-
Cash & Short-Term Investments	101.41	168.36	247.88	317.51	249.98	267.39
Cash Growth	-34.97%	-32.08%	-21.93%	27.02%	-6.51%	-16.61%
Accounts Receivable	7.49	10.37	3.2	1.42	11.96	38.33
Other Receivables	4.9	5.43	9.15	7.47	15.52	3.24
Receivables	12.39	15.8	12.35	8.89	27.48	41.57
Inventory	209.36	163.86	159.85	195.36	352.61	252.39
Prepaid Expenses	-	-	-	-	0.3	-
Other Current Assets	26.06	12.57	11.3	20.55	24.04	98.62
Total Current Assets	349.23	360.58	431.38	542.31	654.41	659.97
Property, Plant & Equipment	871.66	890.57	912.37	844.8	756.01	702.85
Long-Term Investments	116.11	122.25	125.29	117.52	124.53	116.08
Goodwill	4.59	4.59	10.73	11.16	11.49	2.3
Other Intangible Assets	792.28	796.3	820.49	858.32	898.64	846.75
Long-Term Deferred Tax Assets	6.9	6.86	4.37	4.14	4.04	3.3
Long-Term Deferred Charges	12.52	14.96	26.37	22.47	29.87	28.86
Other Long-Term Assets	20.2	18.9	21.06	17.05	15.68	-
Total Assets	2,173	2,215	2,352	2,418	2,495	2,360
Accounts Payable	339.57	358.85	400.7	393.2	217.73	118.41
Accrued Expenses	21.71	23.83	37.35	33.28	43.66	54.98
Short-Term Debt	460.24	480.23	484.82	523.41	640.48	483.37
Current Portion of Long-Term Debt	117.29	128.46	7.45	103.67	0.19	-
Current Portion of Leases	-	-	0.11	0.27	0.16	0.16
Current Income Taxes Payable	4.72	7.19	1.98	1.3	1.1	1.85
Current Unearned Revenue	38.75	13.17	1.13	63.9	11.26	11.73
Other Current Liabilities	163.92	147.05	69.29	48.34	58.56	42.34
Total Current Liabilities	1,146	1,159	1,003	1,167	973.15	712.83
Long-Term Debt	8	126.98	255.29	98.76	99.94	-
Long-Term Leases	1.64	1.69	1.81	0.37	0.46	6.08
Long-Term Unearned Revenue	18.08	18.37	19.56	15.31	16.32	17.32
Long-Term Deferred Tax Liabilities	18.28	18.3	18.4	17.99	18.03	0.1
Other Long-Term Liabilities	132.6	131.69	111.34	84.51	107.34	118.52
Total Liabilities	1,325	1,456	1,409	1,384	1,215	854.85
Common Stock	323.4	323.4	323.4	323.4	323.4	323.4
Additional Paid-In Capital	1,495	1,495	1,495	1,495	1,495	1,495
Retained Earnings	-1,102	-1,062	-884.24	-805.38	-596.25	-359.78
Comprehensive Income & Other	5.56	5.42	9.32	18.32	12.32	9.01
Total Common Equity	722.69	762.01	943.92	1,032	1,235	1,468
Minority Interest	126.01	-2.82	-1.1	1.68	44.53	37.2
Shareholders' Equity	848.7	759.19	942.83	1,033	1,279	1,505
Total Liabilities & Equity	2,173	2,215	2,352	2,418	2,495	2,360
Total Debt	587.17	737.36	749.49	726.48	741.24	489.61
Net Cash (Debt)	-485.75	-569	-501.61	-408.97	-491.26	-222.22
Net Cash Per Share	-1.49	-1.76	-1.53	-1.27	-1.52	-0.65
Filing Date Shares Outstanding	328.81	331.74	323.4	323.4	323.4	323.4
Total Common Shares Outstanding	328.81	331.74	323.4	323.4	323.4	323.4
Working Capital	-796.97	-798.21	-571.46	-625.06	-318.74	-52.86
Book Value Per Share	2.20	2.30	2.92	3.19	3.82	4.54
Tangible Book Value	-74.18	-38.89	112.71	162.3	324.79	619.02
Tangible Book Value Per Share	-0.23	-0.12	0.35	0.50	1.00	1.91
Buildings	-	-	986.55	922.57	784.6	722.88
Machinery	-	-	667.46	624.1	581.43	524.66
Construction In Progress	-	-	82.89	51.76	77.45	71.3

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