SHE:002176 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	521.48	647.27	1,006	518.5	1,002	746.41
Short-Term Investments	-	-	-	-	306.5	-
Trading Asset Securities	35.35	23.43	23.8	1.76	2.44	1.79
Cash & Short-Term Investments	556.83	670.7	1,030	520.26	1,311	748.2
Cash Growth	-23.83%	-34.89%	98.01%	-60.32%	75.25%	71.19%
Accounts Receivable	630.87	842.02	1,070	1,142	1,743	1,273
Other Receivables	425.56	357.97	330.55	257.39	249.23	332.07
Receivables	1,056	1,200	1,401	1,399	1,992	1,605
Inventory	465.47	503.93	452.14	433.43	1,178	655.66
Other Current Assets	932.7	709.02	30.54	17.72	59.53	63.08
Total Current Assets	3,011	3,084	2,914	2,370	4,541	3,072
Property, Plant & Equipment	1,863	1,914	2,034	2,093	1,947	1,650
Long-Term Investments	61.33	63.69	879.68	1,030	3.66	0.16
Goodwill	48.34	48.34	48.34	50.08	50.08	50.08
Other Intangible Assets	275.47	277.06	278.88	329.08	335.63	342.18
Long-Term Accounts Receivable	-	0.14	4.02	4.1	8.6	14.32
Long-Term Deferred Tax Assets	330.3	335.19	261.25	219.18	136.68	127.36
Long-Term Deferred Charges	199.81	202.75	171.98	177.23	124.55	87.97
Other Long-Term Assets	36.05	34.16	49.51	67.38	84.62	86.24
Total Assets	5,826	5,959	6,641	6,340	7,232	5,430
Accounts Payable	929.51	806.94	1,128	1,246	1,505	1,329
Accrued Expenses	18.52	64.69	101.12	102.88	249.76	93.01
Short-Term Debt	888.09	855.31	786.5	148.96	546.3	1,570
Current Portion of Long-Term Debt	537.1	534.58	9.6	8.5	144.06	6
Current Portion of Leases	-	1.03	-	0.42	0.89	0.49
Current Income Taxes Payable	18.44	4.51	2.27	10.5	257.46	19.8
Current Unearned Revenue	79.98	25.37	87.4	34.74	60.79	154.4
Other Current Liabilities	99.89	321.97	136.76	152.41	86.44	48.32
Total Current Liabilities	2,572	2,614	2,252	1,704	2,850	3,221
Long-Term Debt	213.39	228	756.54	713.05	-	144.07
Long-Term Leases	9.8	9.7	-	0	0.8	0.67
Long-Term Unearned Revenue	44.5	45.04	47.22	49.39	53.2	59.1
Long-Term Deferred Tax Liabilities	-	-	13.68	15.67	16.52	8.11
Other Long-Term Liabilities	26.15	100.22	58.34	14.15	9.78	9.78
Total Liabilities	2,865	2,997	3,128	2,496	2,931	3,443
Common Stock	1,706	1,706	1,706	1,706	1,706	1,706
Additional Paid-In Capital	3,784	3,784	3,785	3,785	3,779	3,795
Retained Earnings	-2,486	-2,307	-1,937	-1,618	-1,221	-3,548
Treasury Stock	-51.46	-51.46	-51.46	-62.72	-	-
Comprehensive Income & Other	4.17	-174.1	2.79	4.37	1.46	0.08
Total Common Equity	2,956	2,958	3,505	3,815	4,265	1,953
Minority Interest	4.47	4.18	8.28	29.3	36.04	33.67
Shareholders' Equity	2,961	2,962	3,513	3,844	4,301	1,987
Total Liabilities & Equity	5,826	5,959	6,641	6,340	7,232	5,430
Total Debt	1,648	1,629	1,553	870.94	692.05	1,721
Net Cash (Debt)	-1,092	-957.91	-522.49	-350.68	619.2	-972.89
Net Cash Per Share	-0.65	-0.57	-0.31	-0.20	0.36	-0.58
Filing Date Shares Outstanding	1,702	1,702	1,702	1,702	1,706	1,706
Total Common Shares Outstanding	1,702	1,702	1,702	1,702	1,706	1,706
Working Capital	439.9	469.25	661.7	666.35	1,690	-149.17
Book Value Per Share	1.74	1.74	2.06	2.24	2.50	1.14
Tangible Book Value	2,632	2,632	3,178	3,436	3,879	1,561
Tangible Book Value Per Share	1.55	1.55	1.87	2.02	2.27	0.91
Buildings	-	1,491	1,464	1,346	1,266	1,183
Machinery	-	1,931	1,871	1,680	1,544	1,174
Construction In Progress	-	12.18	15.52	187.75	82.26	101.43

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