SHE:002178 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	200.53	208.64	202.51	357.72	373.47	392.85
Trading Asset Securities	11.05	11.01	-	-	-	13.94
Cash & Short-Term Investments	211.58	219.65	202.51	357.72	373.47	406.8
Cash Growth	20.91%	8.46%	-43.39%	-4.22%	-8.19%	-1.16%
Accounts Receivable	466.27	473.06	518.56	555.05	656.57	714.47
Other Receivables	58.08	55.01	58.37	65.32	75.4	78.05
Receivables	524.35	528.07	576.93	620.37	731.97	792.51
Inventory	43.73	43.65	42.22	59.91	73.99	68.15
Other Current Assets	77.69	81.95	82.83	65	24.74	31.11
Total Current Assets	857.36	873.33	904.5	1,103	1,204	1,299
Property, Plant & Equipment	88.26	91.14	111.76	124.09	114.02	99.13
Long-Term Investments	72.95	73.93	35.98	40	62.94	148.31
Other Intangible Assets	80.07	82.13	72.3	76.64	56.7	45.77
Long-Term Accounts Receivable	-	-	14.95	14	13.86	-
Long-Term Deferred Tax Assets	74.67	72.56	79.56	75.37	72.53	63.41
Long-Term Deferred Charges	1.75	1.76	22.89	8.94	45.74	44.73
Other Long-Term Assets	175.3	175.82	170.11	164.2	61.13	70.39
Total Assets	1,350	1,371	1,412	1,606	1,631	1,770
Accounts Payable	468.79	490.55	498.9	537.44	630.55	605.16
Accrued Expenses	15.36	21.64	62.76	62.2	67.88	38.49
Short-Term Debt	124.97	110.09	95.1	128.92	136.18	130.45
Current Portion of Long-Term Debt	9.54	5.3	2.76	23.11	16.01	40.26
Current Portion of Leases	-	-	4.02	4.45	1.87	4.38
Current Income Taxes Payable	2.87	4.69	0.32	1.5	0.56	0.26
Current Unearned Revenue	38.8	43.87	53.13	69.27	101.36	79.45
Other Current Liabilities	76.42	70.38	41.15	78.06	77.03	123.46
Total Current Liabilities	736.75	746.52	758.15	904.97	1,031	1,022
Long-Term Debt	0.88	6.6	4.38	0.12	19.2	9.73
Long-Term Leases	1.62	2.01	12.33	16.11	-	1.96
Long-Term Unearned Revenue	-	0.35	0.35	-	0.13	0.61
Long-Term Deferred Tax Liabilities	3.77	3.87	3.75	4.48	0.28	-
Other Long-Term Liabilities	62.82	62.82	62.82	46.78	-	-
Total Liabilities	805.83	822.17	841.77	972.45	1,051	1,034
Common Stock	712.15	712.15	712.15	712.15	712.15	712.15
Additional Paid-In Capital	232.67	232.67	232.67	232.67	226.85	230.08
Retained Earnings	-512.7	-507	-515.95	-494.65	-517.16	-370.84
Total Common Equity	432.13	437.83	428.88	450.17	421.84	571.38
Minority Interest	112.39	110.67	141.4	183.8	158.21	164.73
Shareholders' Equity	544.52	548.5	570.28	633.97	580.05	736.11
Total Liabilities & Equity	1,350	1,371	1,412	1,606	1,631	1,770
Total Debt	137	124.01	118.59	172.72	173.26	186.77
Net Cash (Debt)	74.58	95.65	83.92	185	200.22	220.03
Net Cash Growth	153.31%	13.97%	-54.64%	-7.60%	-9.01%	-15.51%
Net Cash Per Share	0.08	0.11	0.12	0.25	0.29	0.24
Filing Date Shares Outstanding	712.3	1,443	712.15	712.15	712.15	712.15
Total Common Shares Outstanding	712.3	1,443	712.15	712.15	712.15	712.15
Working Capital	120.61	126.81	146.35	198.03	172.75	276.66
Book Value Per Share	0.61	0.30	0.60	0.63	0.59	0.80
Tangible Book Value	352.06	355.7	356.58	373.54	365.15	525.61
Tangible Book Value Per Share	0.49	0.25	0.50	0.52	0.51	0.74
Buildings	-	-	52.59	40.21	54.19	34.15
Machinery	-	-	158.53	209.32	182.37	169.32
Construction In Progress	-	-	5.35	11.32	14.36	6.83

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