SHE:002134 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	155.2	164.13	135.23	140.89	88.15	157.01
Trading Asset Securities	-	-	-	-	-	0.03
Cash & Short-Term Investments	155.2	164.13	135.23	140.89	88.15	157.04
Cash Growth	1.21%	21.38%	-4.02%	59.82%	-43.87%	60.23%
Accounts Receivable	585.26	511.63	396.05	330.54	187.32	224.86
Other Receivables	3.97	4.67	2.86	3.04	1.08	7.32
Receivables	589.23	516.29	398.91	333.58	188.4	232.19
Inventory	225.77	192.32	154.57	119.16	75.39	93.39
Other Current Assets	47.71	47.65	39.13	13.8	3.5	3.2
Total Current Assets	1,018	920.39	727.84	607.44	355.44	485.82
Property, Plant & Equipment	1,120	1,125	996.9	650.53	358.72	275.16
Long-Term Investments	6.5	5.97	7.43	8.08	9.57	9.06
Goodwill	131.48	131.48	131.48	131.48	-	-
Other Intangible Assets	65.19	67.98	78.15	82.01	15.37	10.23
Long-Term Deferred Tax Assets	2.99	5.75	4.74	-	0.75	1.07
Long-Term Deferred Charges	0.24	0.4	1.19	-	-	-
Other Long-Term Assets	19.64	13.23	7.03	23.02	20.31	6.58
Total Assets	2,364	2,271	1,955	1,503	760.16	787.91
Accounts Payable	774.52	727.19	588.6	402.88	273.16	323.01
Accrued Expenses	25.95	42.97	34.36	47.78	7.98	10.48
Short-Term Debt	-	-	12.4	25.62	-	-
Current Portion of Long-Term Debt	64.55	54.39	60.38	8.4	0.01	-
Current Portion of Leases	-	2.44	2.44	4.75	-	-
Current Income Taxes Payable	8.93	-	2.4	3.02	-	0.04
Current Unearned Revenue	3.96	2.75	2.21	2.86	3	1.77
Other Current Liabilities	39.67	35.01	33.33	79.31	10.26	16.84
Total Current Liabilities	917.59	864.75	736.13	574.61	294.43	352.14
Long-Term Debt	621.89	599.02	433.19	160.26	15.21	-
Long-Term Leases	5.1	5.73	8.17	18.04	-	-
Long-Term Unearned Revenue	16.89	19.3	10.15	7.45	8.08	9.21
Long-Term Deferred Tax Liabilities	7.29	7.6	8.97	10.69	0.22	0.2
Other Long-Term Liabilities	-	-	-	-	0.04	0.32
Total Liabilities	1,569	1,496	1,197	771.06	317.97	361.87
Common Stock	246.65	246.54	245.85	245.85	245.85	245.85
Additional Paid-In Capital	305.61	304.42	297.92	302.27	302.27	302.27
Retained Earnings	-30.52	-42.11	-46.87	-80.74	-107.16	-123.22
Treasury Stock	-9.01	-9.01	-16.5	-16.5	-	-
Comprehensive Income & Other	-0.2	-0.2	0.6	0.6	1.23	1.14
Total Common Equity	512.53	499.64	480.99	451.48	442.19	426.04
Minority Interest	283.07	274.54	277.17	280.02	-	-
Shareholders' Equity	795.59	774.18	758.16	731.51	442.19	426.04
Total Liabilities & Equity	2,364	2,271	1,955	1,503	760.16	787.91
Total Debt	691.54	661.58	516.58	217.06	15.22	-
Net Cash (Debt)	-536.33	-497.45	-381.36	-76.17	72.93	157.04
Net Cash Growth	-	-	-	-	-53.56%	115.17%
Net Cash Per Share	-2.31	-2.09	-1.69	-0.32	0.32	0.64
Filing Date Shares Outstanding	231.83	244.85	244.18	244.18	245.85	245.85
Total Common Shares Outstanding	231.83	244.85	244.18	244.18	245.85	245.85
Working Capital	100.32	55.65	-8.3	32.82	61.01	133.67
Book Value Per Share	2.21	2.04	1.97	1.85	1.80	1.73
Tangible Book Value	315.86	300.19	271.36	237.99	426.82	415.81
Tangible Book Value Per Share	1.36	1.23	1.11	0.97	1.74	1.69
Buildings	-	707.11	701.19	170.52	163.63	163.63
Machinery	-	771.86	700.56	545.79	414.8	527.44
Construction In Progress	-	162.55	74.46	378.98	168.13	92.93

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.