SHE:002119 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	Dec '21 Dec 31, 2021
Cash & Equivalents	188.88	94.05	146.5	198.29	257.02	216.01
Short-Term Investments	166.13	302.45	74.73	-	-	-
Trading Asset Securities	-	10.04	1.32	0.77	40.43	0.21
Cash & Short-Term Investments	355.01	406.54	222.55	199.06	297.45	216.22
Cash Growth	10.58%	82.67%	11.80%	-33.08%	37.57%	44.32%
Accounts Receivable	791.68	701.44	594.1	489.41	381.6	652
Other Receivables	10.8	37.12	22.99	19.51	2.53	1.64
Receivables	802.47	738.56	617.09	508.92	384.13	653.64
Inventory	719.7	581.48	421.57	433.06	377.21	415.22
Prepaid Expenses	-	1.22	0.98	0.59	0.66	0.39
Other Current Assets	56.67	12.47	6.22	6.37	15.17	14.54
Total Current Assets	1,934	1,740	1,268	1,148	1,075	1,300
Property, Plant & Equipment	625.98	614.12	603.29	637.95	653.51	665.72
Long-Term Investments	101.81	101.25	292.96	359.35	-	-
Goodwill	1.29	1.29	1.29	1.29	1.29	1.29
Other Intangible Assets	65.78	66.26	59.36	60.33	62.02	68.23
Long-Term Deferred Tax Assets	32.53	31.46	26.8	25.83	24.18	22.28
Long-Term Deferred Charges	4.46	4.73	0.43	0.81	2.62	2.33
Other Long-Term Assets	51.32	52.62	85.03	84.88	88.93	74.6
Total Assets	2,817	2,612	2,338	2,318	1,907	2,134
Accounts Payable	505.7	419.98	237.98	211.53	137.66	304.81
Accrued Expenses	15.29	39.24	32.58	29.04	35.01	40.84
Short-Term Debt	576.64	532.8	448.04	537.07	283.6	421.45
Current Portion of Long-Term Debt	31.1	99.86	105.08	165.15	65.07	92.1
Current Portion of Leases	-	0.77	-	-	-	-
Current Income Taxes Payable	13.42	5.73	0.37	0.53	3.17	8.15
Current Unearned Revenue	8.45	4.8	4.51	8.53	8.63	11.12
Other Current Liabilities	66.61	12.08	8.97	6.92	9.29	10.39
Total Current Liabilities	1,217	1,115	837.53	958.77	542.43	888.86
Long-Term Debt	124.92	55.04	80.06	-	75.07	45.06
Long-Term Leases	1.94	2.23	-	-	-	-
Long-Term Unearned Revenue	65.11	64.26	50.86	61.92	63.35	57.82
Long-Term Deferred Tax Liabilities	1.12	2.78	1.92	2.47	0.38	-
Total Liabilities	1,410	1,240	970.37	1,023	681.23	991.73
Common Stock	375.28	375.28	375.28	375.28	375.28	375.28
Additional Paid-In Capital	69.83	112.16	112.16	112.16	112.16	112.16
Retained Earnings	1,010	984.99	879.78	807.84	738.5	655.28
Treasury Stock	-48.84	-100	-	-	-	-
Total Common Equity	1,407	1,372	1,367	1,295	1,226	1,143
Shareholders' Equity	1,407	1,372	1,367	1,295	1,226	1,143
Total Liabilities & Equity	2,817	2,612	2,338	2,318	1,907	2,134
Total Debt	734.6	690.7	633.18	702.22	423.74	558.61
Net Cash (Debt)	-379.59	-284.16	-410.63	-503.16	-126.29	-342.39
Net Cash Per Share	-1.01	-0.76	-1.09	-1.31	-0.33	-0.91
Filing Date Shares Outstanding	375.28	375.28	375.28	375.28	375.28	375.28
Total Common Shares Outstanding	375.28	375.28	375.28	375.28	375.28	375.28
Working Capital	716.64	625.02	430.89	189.23	532.19	411.15
Book Value Per Share	3.75	3.66	3.64	3.45	3.27	3.04
Tangible Book Value	1,340	1,305	1,307	1,234	1,163	1,073
Tangible Book Value Per Share	3.57	3.48	3.48	3.29	3.10	2.86
Buildings	-	348.49	366.35	383.65	383.14	391.56
Machinery	-	911.98	945.86	877.92	844.54	782.25
Construction In Progress	-	53.49	20.06	37.76	13.62	34.41

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