SHE:002115 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	821.21	974.92	736.83	806.76	1,046	1,229
Trading Asset Securities	36.97	63.17	209.83	255.36	182.7	67.87
Cash & Short-Term Investments	858.17	1,038	946.66	1,062	1,228	1,297
Cash Growth	-9.25%	9.66%	-10.87%	-13.53%	-5.27%	24.83%
Accounts Receivable	1,833	1,668	751.34	897.2	1,002	871.4
Other Receivables	23.74	26.09	28.15	26.4	58.13	53.88
Receivables	1,857	1,694	779.49	923.61	1,061	925.28
Inventory	145.34	138.61	142.86	372.08	433.1	353.22
Other Current Assets	263.23	264.94	284.43	253.14	270.23	308.97
Total Current Assets	3,124	3,136	2,153	2,611	2,992	2,884
Property, Plant & Equipment	1,043	1,050	1,102	1,028	900.88	762.81
Long-Term Investments	200.01	152.38	178.82	169.75	173.34	196.56
Goodwill	90.49	90.49	90.49	330.73	330.73	330.73
Other Intangible Assets	48.76	50.07	53.57	62.35	80.2	67.25
Long-Term Accounts Receivable	24.45	23.43	84.96	62.84	-	-
Long-Term Deferred Tax Assets	63.9	63.66	51.44	41.38	40.66	36.23
Long-Term Deferred Charges	5.81	5.16	5.58	6.9	9.4	52.31
Other Long-Term Assets	43.75	43.43	50	70.13	41	42.48
Total Assets	4,644	4,614	3,770	4,383	4,568	4,372
Accounts Payable	1,009	1,086	579.6	757.44	882.23	908.35
Accrued Expenses	71.86	86.7	79.41	82.58	94.67	69.67
Short-Term Debt	702.17	595.78	154.62	342.22	432.47	210.79
Current Portion of Long-Term Debt	100.33	107.21	118.49	12.21	77.27	265.96
Current Portion of Leases	-	22.19	20.23	16.51	13.14	8.91
Current Income Taxes Payable	45.71	27.23	15.57	25.72	18.79	34.48
Current Unearned Revenue	275.45	298.1	337.05	341.76	360.89	292.19
Other Current Liabilities	119.52	125.51	121	103.68	127.07	110.06
Total Current Liabilities	2,324	2,349	1,426	1,682	2,007	1,900
Long-Term Debt	101.46	62.74	114.9	185.26	55.24	93.64
Long-Term Leases	35.86	31.02	28.52	30.98	31.31	22.36
Long-Term Unearned Revenue	10.35	11.37	14.07	19.64	25.99	29
Long-Term Deferred Tax Liabilities	-	-	-	-	-	4.57
Other Long-Term Liabilities	2.56	4.89	6.12	5.97	12.76	7.27
Total Liabilities	2,474	2,459	1,590	1,924	2,132	2,057
Common Stock	810.99	810.99	810.99	810.99	810.99	818.66
Additional Paid-In Capital	1,156	1,156	1,549	1,556	1,571	1,577
Retained Earnings	164.67	143.06	-245.63	41.94	-13.45	-154.78
Treasury Stock	-45	-45	-45	-45	-	-
Comprehensive Income & Other	-20.82	-8.74	26.61	6.39	12.51	24.01
Total Common Equity	2,066	2,056	2,096	2,370	2,381	2,265
Minority Interest	103.39	99.19	84.74	88.63	55.19	50.16
Shareholders' Equity	2,169	2,155	2,180	2,459	2,437	2,315
Total Liabilities & Equity	4,644	4,614	3,770	4,383	4,568	4,372
Total Debt	939.83	818.94	436.75	587.19	609.43	601.65
Net Cash (Debt)	-81.66	219.15	509.91	474.94	618.87	694.95
Net Cash Growth	-	-57.02%	7.36%	-23.26%	-10.95%	42.49%
Net Cash Per Share	-0.10	0.27	0.63	0.59	0.76	0.96
Filing Date Shares Outstanding	805.04	805.04	805.04	805.04	810.99	818.66
Total Common Shares Outstanding	805.04	805.04	805.04	805.04	810.99	818.66
Working Capital	799.29	786.84	727.49	928.83	985.63	983.68
Book Value Per Share	2.57	2.55	2.60	2.94	2.94	2.77
Tangible Book Value	1,926	1,916	1,952	1,977	1,970	1,867
Tangible Book Value Per Share	2.39	2.38	2.42	2.46	2.43	2.28
Buildings	-	477.79	480.89	479.99	788.32	672.24
Machinery	-	347.53	331.47	328.8	296.76	283.45
Construction In Progress	-	12.92	13.09	10.05	96.98	67.46

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