SHE:002165 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	1,031	948.08	550.68	744.06	1,684	1,017
Short-Term Investments	-	-	354.14	344.93	-	-
Trading Asset Securities	423.61	231.48	93.49	80.81	200.75	0.34
Cash & Short-Term Investments	1,454	1,180	998.31	1,170	1,885	1,017
Cash Growth	27.24%	18.15%	-14.66%	-37.95%	85.37%	186.74%
Accounts Receivable	825.15	682.64	761.31	935.53	657.11	967.27
Other Receivables	10.67	3.02	16.55	21.17	20.51	31.5
Receivables	835.82	685.66	777.86	956.7	677.62	998.78
Inventory	489.49	312.99	355.08	272.67	352.47	508.75
Prepaid Expenses	-	-	-	-	1.36	1.36
Other Current Assets	172.86	110.98	74.09	40.67	287.69	470.19
Total Current Assets	2,952	2,289	2,205	2,440	3,204	2,996
Property, Plant & Equipment	2,183	2,136	1,977	1,892	2,005	2,108
Long-Term Investments	7	7.01	89.26	5.02	-	-
Other Intangible Assets	220.81	222.17	227.35	232.77	229.99	221.13
Long-Term Deferred Tax Assets	247.89	238.66	219.71	191	145.8	58.69
Long-Term Deferred Charges	42.64	42.86	12.86	13.06	14.94	15.96
Other Long-Term Assets	176.88	178.46	73.08	105.7	3.96	43.02
Total Assets	5,831	5,114	4,805	4,879	5,604	5,442
Accounts Payable	549.43	375.57	271.79	370.63	404.13	890.64
Accrued Expenses	6.36	31.36	75.65	59.68	31.22	37.03
Short-Term Debt	1,224	1,179	1,084	1,462	1,959	1,165
Current Portion of Long-Term Debt	767.94	540.6	356.07	440.95	436	556.73
Current Portion of Leases	-	-	0.44	0.59	0.69	0.8
Current Income Taxes Payable	2.95	14.3	6.49	4.24	6.08	5.4
Current Unearned Revenue	-	16.75	18.07	11.81	20.75	23.41
Other Current Liabilities	50.16	39.99	10.33	7.96	18.7	9.32
Total Current Liabilities	2,601	2,198	1,823	2,358	2,877	2,688
Long-Term Debt	1,186	845.2	914.22	432.75	639.95	562.83
Long-Term Leases	3.94	3.64	1.57	2.01	0.21	0.9
Long-Term Unearned Revenue	35.1	36.31	29.01	33.14	37.52	38.99
Other Long-Term Liabilities	2.97	2.97	2.97	6.07	15.02	14.61
Total Liabilities	3,829	3,086	2,771	2,832	3,570	3,305
Common Stock	735.27	735.27	735.27	735.27	735.27	735.27
Additional Paid-In Capital	664.19	664.19	664.19	664.19	664.19	664.19
Retained Earnings	590.46	614.48	626.55	641.58	632.71	733.06
Comprehensive Income & Other	9.5	11.18	5.67	4.11	2.47	0.31
Total Common Equity	1,999	2,025	2,032	2,045	2,035	2,133
Minority Interest	2.84	2.85	2.31	1.85	-0.59	4.22
Shareholders' Equity	2,002	2,028	2,034	2,047	2,034	2,137
Total Liabilities & Equity	5,831	5,114	4,805	4,879	5,604	5,442
Total Debt	3,182	2,569	2,356	2,339	3,036	2,286
Net Cash (Debt)	-1,728	-1,389	-1,358	-1,169	-1,151	-1,269
Net Cash Per Share	-2.30	-1.89	-1.85	-1.59	-1.57	-1.93
Filing Date Shares Outstanding	800.4	730.42	735.27	735.27	735.27	735.27
Total Common Shares Outstanding	800.4	730.42	735.27	735.27	735.27	735.27
Working Capital	351.37	91.34	382.61	81.68	327.39	308.04
Book Value Per Share	2.50	2.77	2.76	2.78	2.77	2.90
Tangible Book Value	1,779	1,803	1,804	1,812	1,805	1,912
Tangible Book Value Per Share	2.22	2.47	2.45	2.46	2.45	2.60
Buildings	-	-	925.98	925.98	1,001	2,530
Machinery	-	-	858.59	841.87	1,589	16.93
Construction In Progress	-	-	978.88	833.89	230.87	211.88

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