SHE:002159 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	426.58	330.29	374.76	197.82	220.28	539.54
Short-Term Investments	-	120.64	-	-	-	-
Cash & Short-Term Investments	426.58	450.93	374.76	197.82	220.28	539.54
Cash Growth	24.62%	20.33%	89.44%	-10.19%	-59.17%	-8.40%
Accounts Receivable	14.67	13.84	8.05	11.76	8.45	11.27
Other Receivables	13.2	19.3	17.27	24.31	45.81	64.72
Receivables	27.87	33.14	25.32	36.07	54.26	75.98
Inventory	9.32	10.04	8	6.96	8.21	23.24
Prepaid Expenses	-	1.73	0.43	-	-	-
Other Current Assets	17.34	5.54	5.95	6.15	12.3	15.72
Total Current Assets	481.11	501.38	414.45	247	295.05	654.49
Property, Plant & Equipment	965.12	959.35	975.25	980.84	1,067	1,288
Long-Term Investments	115.34	117.63	136.87	136.03	152.84	350.36
Goodwill	90.32	90.32	90.32	100.25	116.84	123.56
Other Intangible Assets	120.08	121.33	124	119.52	100.58	111.41
Long-Term Deferred Tax Assets	39.65	38.66	37.47	21.71	21.53	2.49
Long-Term Deferred Charges	8.12	7.47	6.52	6.39	7.28	10.11
Other Long-Term Assets	60.55	61.03	66.37	84.96	120.53	61.88
Total Assets	1,880	1,897	1,851	1,697	1,881	2,602
Accounts Payable	5.28	5.65	4.97	5.03	4.38	3.85
Accrued Expenses	32.8	85.08	93.3	76.22	49.97	54.58
Short-Term Debt	-	-	25.02	5	229.25	474.8
Current Portion of Long-Term Debt	6.98	0	6.06	58.3	79.1	81
Current Portion of Leases	-	6.96	5.82	4.79	3.54	7.11
Current Income Taxes Payable	18.04	9.52	10.65	17.2	11.41	3.08
Current Unearned Revenue	11.74	16.67	15.05	11.66	11.95	8.79
Other Current Liabilities	99.6	83.45	92.62	86.52	159.46	206.09
Total Current Liabilities	174.44	207.34	253.48	264.72	549.06	839.31
Long-Term Debt	1	1	25.93	37.73	78.56	362.16
Long-Term Leases	107.37	105.79	94.53	38.43	38.85	39.85
Long-Term Unearned Revenue	20.32	20.53	21.4	22.35	22.63	33.37
Long-Term Deferred Tax Liabilities	31.62	29.79	29.36	17.51	27.52	36.56
Other Long-Term Liabilities	15.32	15.32	12.52	13.71	4.31	1.33
Total Liabilities	350.07	379.78	437.22	394.46	720.92	1,313
Common Stock	177.3	177.3	177.3	177.3	177.3	177.3
Additional Paid-In Capital	837.44	837.44	837.44	837.44	837.44	873.73
Retained Earnings	470.26	449.59	350.57	247.59	120.08	143.74
Comprehensive Income & Other	-4.75	-3	0.2	-5.69	-6.94	50.73
Total Common Equity	1,480	1,461	1,366	1,257	1,128	1,245
Minority Interest	49.96	56.06	48.52	45.6	32.52	43.9
Shareholders' Equity	1,530	1,517	1,414	1,302	1,160	1,289
Total Liabilities & Equity	1,880	1,897	1,851	1,697	1,881	2,602
Total Debt	115.35	113.76	157.36	144.26	429.28	964.92
Net Cash (Debt)	311.23	337.18	217.4	53.57	-209.01	-425.37
Net Cash Growth	45.50%	55.09%	305.87%	-	-	-
Net Cash Per Share	1.77	1.91	1.23	0.30	-1.17	-2.40
Filing Date Shares Outstanding	172.3	177.3	177.3	177.3	177.3	177.3
Total Common Shares Outstanding	172.3	177.3	177.3	177.3	177.3	177.3
Working Capital	306.67	294.04	160.97	-17.72	-254.01	-184.82
Book Value Per Share	8.59	8.24	7.70	7.09	6.36	7.02
Tangible Book Value	1,270	1,250	1,151	1,037	910.44	1,011
Tangible Book Value Per Share	7.37	7.05	6.49	5.85	5.13	5.70
Buildings	-	-	-	1,210	1,213	1,381
Machinery	-	1,712	1,720	503.38	512.45	486.74
Construction In Progress	-	50.89	30.13	32.42	54.82	96.35

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