SHE:002125 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	558.43	609.25	487.72	480.6	284.74	229.17
Cash & Short-Term Investments	558.43	609.25	487.72	480.6	284.74	229.17
Cash Growth	51.95%	24.92%	1.48%	68.79%	24.25%	23.70%
Accounts Receivable	678.69	597.99	510.43	556.19	687.64	537.84
Other Receivables	6.75	5.01	45.52	225.3	296.05	252.46
Receivables	685.44	602.99	555.95	781.49	983.7	790.3
Inventory	404.03	361.98	376.47	375.45	645.86	572.33
Other Current Assets	108.96	82.46	78.21	52.69	77	42.78
Total Current Assets	1,757	1,657	1,498	1,690	1,991	1,635
Property, Plant & Equipment	2,093	2,140	2,269	2,199	2,231	2,147
Long-Term Investments	1,136	865.42	771.21	753.52	505.91	321.33
Other Intangible Assets	284.19	286.49	313.69	272.18	267.57	218.85
Long-Term Deferred Tax Assets	46.09	44.32	42.99	50.09	44.94	34.9
Long-Term Deferred Charges	1.37	1.51	1.2	2.5	1.62	-
Other Long-Term Assets	26.27	26.45	27.31	49.46	92	126.3
Total Assets	5,345	5,021	4,924	5,017	5,135	4,483
Accounts Payable	354.61	278.73	365.91	365.56	770.19	572.03
Accrued Expenses	52.29	43.44	89.94	91.32	96.18	75
Short-Term Debt	210.14	220.15	445.59	514.36	500.3	877.9
Current Portion of Long-Term Debt	-	154.27	119.47	163.08	138.02	257.9
Current Portion of Leases	-	-	0.53	0.65	0.63	0.5
Current Income Taxes Payable	-	19.25	10.91	11.91	9.25	11.56
Current Unearned Revenue	10.03	3.37	6.72	5.96	76.9	15
Other Current Liabilities	232.01	68.07	31.3	140.84	102.07	104.54
Total Current Liabilities	859.07	787.27	1,070	1,294	1,694	1,914
Long-Term Debt	955.66	933.76	756.06	820.63	948.92	456.1
Long-Term Leases	12.23	12.36	13.86	15.95	21.9	21.88
Long-Term Unearned Revenue	41.62	40.76	44.74	49.16	42.98	40.83
Long-Term Deferred Tax Liabilities	5.26	5.6	-	-	-	-
Other Long-Term Liabilities	-	53.55	-	-	-	-
Total Liabilities	1,874	1,833	1,885	2,179	2,707	2,433
Common Stock	629.51	629.49	629.48	629.48	629.48	629.48
Additional Paid-In Capital	1,279	1,087	1,087	1,083	936.17	931.62
Retained Earnings	1,493	1,404	1,279	1,069	796.39	433.53
Comprehensive Income & Other	37.34	34.95	-0.09	1.73	0.13	-
Total Common Equity	3,439	3,155	2,995	2,784	2,362	1,995
Minority Interest	32.29	33.48	44.09	54.06	65.16	55.08
Shareholders' Equity	3,471	3,188	3,039	2,838	2,427	2,050
Total Liabilities & Equity	5,345	5,021	4,924	5,017	5,135	4,483
Total Debt	1,178	1,321	1,336	1,515	1,610	1,614
Net Cash (Debt)	-619.6	-711.29	-847.78	-1,034	-1,325	-1,385
Net Cash Per Share	-0.94	-1.10	-1.35	-1.64	-2.12	-2.21
Filing Date Shares Outstanding	638.21	616.83	629.48	629.48	629.48	629.48
Total Common Shares Outstanding	638.21	616.83	629.48	629.48	629.48	629.48
Working Capital	897.8	869.41	427.98	396.54	297.76	-279.84
Book Value Per Share	5.39	5.11	4.76	4.42	3.75	3.17
Tangible Book Value	3,154	2,868	2,681	2,512	2,095	1,776
Tangible Book Value Per Share	4.94	4.65	4.26	3.99	3.33	2.82
Buildings	-	-	1,713	1,507	1,468	1,173
Machinery	-	-	1,729	1,682	1,565	1,364
Construction In Progress	-	-	93.91	103.65	105.04	370.63

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