SHE:002172 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	314.44	405.8	521.49	707.37	984.16	982.58
Trading Asset Securities	-	-	-	-	-	53.19
Cash & Short-Term Investments	314.44	405.8	521.49	707.37	984.16	1,036
Cash Growth	-31.86%	-22.18%	-26.28%	-28.12%	-4.98%	-32.35%
Accounts Receivable	384.33	334.01	372.76	333.42	522.86	1,460
Other Receivables	42.27	38.79	54.13	57.07	88.98	75.48
Receivables	426.6	372.81	426.89	390.5	611.84	1,536
Inventory	129.91	133.42	149.47	183.42	175.65	164.6
Prepaid Expenses	-	-	-	-	1.76	-
Other Current Assets	23	23.06	30.36	38.78	35.28	42.92
Total Current Assets	893.95	935.09	1,128	1,320	1,809	2,779
Property, Plant & Equipment	743.3	752.3	805.68	814.6	772.39	869.63
Long-Term Investments	13.39	13.6	14.26	0.89	6.2	10.36
Goodwill	7.64	7.64	10.09	10.09	10.09	10.09
Other Intangible Assets	60.59	61.69	63.7	66.51	70.41	67.14
Long-Term Deferred Tax Assets	15.28	14.97	13.12	12.48	12	9.4
Long-Term Deferred Charges	2.73	2.84	9.4	7.96	10.44	60.53
Other Long-Term Assets	1.24	1.39	6.59	8.79	17.82	17.11
Total Assets	1,738	1,790	2,051	2,241	2,708	3,823
Accounts Payable	471.6	459.67	567.18	676.07	894.68	1,434
Accrued Expenses	32.02	83.43	97.46	95.02	71.9	78.03
Short-Term Debt	713.69	670.69	704.85	1,084	1,176	1,717
Current Portion of Long-Term Debt	27.19	27.39	10.19	9.67	28.98	38.91
Current Portion of Leases	-	90.33	86.39	18.19	111.64	119.12
Current Income Taxes Payable	10.68	5.2	7.66	11.31	14.74	9.47
Current Unearned Revenue	113.38	122.98	96.44	48.79	24.04	15.2
Other Current Liabilities	136.66	77.77	156.03	103.45	178.75	42.63
Total Current Liabilities	1,505	1,537	1,726	2,046	2,501	3,455
Long-Term Debt	67.42	67.33	94.61	105.08	96.33	124.83
Long-Term Leases	-	24.4	106.14	2.49	52.55	179.2
Long-Term Unearned Revenue	2.65	2.71	8.83	10.3	11.68	13.12
Long-Term Deferred Tax Liabilities	0.07	0.07	0.03	0.01	0.09	-
Other Long-Term Liabilities	0.22	0.22	-	2.42	20	-
Total Liabilities	1,576	1,632	1,936	2,167	2,681	3,772
Common Stock	765.73	765.73	765.73	765.73	765.73	776.48
Additional Paid-In Capital	1,264	1,264	1,264	1,264	1,264	1,301
Retained Earnings	-1,849	-1,854	-1,895	-1,936	-1,986	-1,970
Treasury Stock	-	-	-	-	-	-44.18
Comprehensive Income & Other	0.2	0.2	0.08	-	-	-
Total Common Equity	181.17	175.93	134.52	93.88	44.2	63.16
Minority Interest	-18.62	-18.59	-19.29	-19.07	-17.4	-12.32
Shareholders' Equity	162.54	157.34	115.23	74.81	26.8	50.84
Total Liabilities & Equity	1,738	1,790	2,051	2,241	2,708	3,823
Total Debt	808.3	880.14	1,002	1,219	1,465	2,179
Net Cash (Debt)	-493.86	-474.33	-480.69	-511.82	-481.21	-1,144
Net Cash Per Share	-0.68	-0.57	-0.59	-0.62	-0.63	-1.48
Filing Date Shares Outstanding	523.61	765.73	765.73	765.73	765.73	765.73
Total Common Shares Outstanding	523.61	765.73	765.73	765.73	765.73	765.73
Working Capital	-611.27	-602.36	-597.98	-726.2	-691.89	-676.26
Book Value Per Share	0.35	0.23	0.18	0.12	0.06	0.08
Tangible Book Value	112.93	106.6	60.74	17.28	-36.29	-14.06
Tangible Book Value Per Share	0.22	0.14	0.08	0.02	-0.05	-0.02
Buildings	-	941.76	815.33	834.84	801.5	817
Machinery	-	190.31	193.05	269.88	158.75	163.22
Construction In Progress	-	0.6	117.34	95.1	8.97	2.06

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