SHE:002184 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	355.51	620.74	750.08	974.46	507.52	404.52
Trading Asset Securities	34	-	-	25	-	-
Cash & Short-Term Investments	389.51	620.74	750.08	999.46	507.52	404.52
Cash Growth	-41.13%	-17.24%	-24.95%	96.93%	25.46%	18.01%
Accounts Receivable	1,038	1,009	1,402	1,723	957.38	799.39
Other Receivables	32.73	29.86	80.97	69.46	453.47	427.28
Receivables	1,071	1,039	1,483	1,793	1,411	1,227
Inventory	362.45	296.77	733.01	944.09	493.98	308.08
Other Current Assets	15.85	12.86	31.01	19.71	45.89	26.02
Total Current Assets	1,839	1,970	2,997	3,756	2,458	1,965
Property, Plant & Equipment	149.67	154.19	255.67	268.15	227.65	238.95
Long-Term Investments	476.56	469.22	312.03	299.16	302.06	231.99
Goodwill	16.92	16.92	16.92	18.56	7.01	7.01
Other Intangible Assets	23.77	26.55	29.11	30.45	26.85	26.89
Long-Term Deferred Tax Assets	18.94	18.08	37.78	59.23	41.69	38.98
Long-Term Deferred Charges	2.74	1.31	11.85	12.53	9.78	6.43
Other Long-Term Assets	49.76	50.21	52	54.01	56.31	60.43
Total Assets	2,577	2,706	3,712	4,498	3,130	2,576
Accounts Payable	579.34	719.3	1,433	2,125	1,003	722.7
Accrued Expenses	8.07	26.14	41.87	63.8	73.91	57.82
Short-Term Debt	184.79	152.97	370.72	83.08	280.21	198.68
Current Portion of Long-Term Debt	6.47	7.75	1.2	100.25	-	-
Current Portion of Leases	-	-	20.89	17.76	4.61	4.48
Current Income Taxes Payable	20.6	23.2	13.11	40.44	23.07	29.69
Current Unearned Revenue	71.81	78.23	236.54	128.34	142.68	89.94
Other Current Liabilities	15.07	16.98	50.64	30.77	22.54	22.14
Total Current Liabilities	886.15	1,025	2,168	2,589	1,550	1,125
Long-Term Debt	95.5	96.5	108.7	59.8	-	-
Long-Term Leases	2.85	3.19	13.03	23.72	5.44	7.63
Long-Term Unearned Revenue	0.54	0.65	1.11	2.12	2.97	5.41
Long-Term Deferred Tax Liabilities	4.96	5.38	3.29	13.96	10.16	4.44
Other Long-Term Liabilities	7.83	8.17	18.91	21.83	10.8	10.98
Total Liabilities	997.82	1,138	2,313	2,711	1,580	1,154
Common Stock	351.91	351.91	351.91	351.91	351.91	351.91
Additional Paid-In Capital	634.2	634.2	381.68	381.68	365.78	365.78
Retained Earnings	205.18	202.12	284.12	542.06	459.94	388.65
Comprehensive Income & Other	80.17	75.58	119.2	113.89	110.67	78.26
Total Common Equity	1,271	1,264	1,137	1,390	1,288	1,185
Minority Interest	307.64	303.97	261.93	397.74	261.55	237.47
Shareholders' Equity	1,579	1,568	1,399	1,787	1,550	1,422
Total Liabilities & Equity	2,577	2,706	3,712	4,498	3,130	2,576
Total Debt	289.61	260.41	514.53	284.61	290.25	210.79
Net Cash (Debt)	99.9	360.33	235.55	714.85	217.27	193.73
Net Cash Growth	-45.15%	52.98%	-67.05%	229.02%	12.15%	74.76%
Net Cash Per Share	0.28	1.02	0.67	2.03	0.62	0.55
Filing Date Shares Outstanding	351.79	354.51	351.91	351.91	351.91	351.91
Total Common Shares Outstanding	351.79	354.51	351.91	351.91	351.91	351.91
Working Capital	952.4	945.18	828.51	1,167	907.89	839.84
Book Value Per Share	3.61	3.56	3.23	3.95	3.66	3.37
Tangible Book Value	1,231	1,220	1,091	1,341	1,254	1,151
Tangible Book Value Per Share	3.50	3.44	3.10	3.81	3.56	3.27
Buildings	-	-	122.68	122.68	122.68	123.46
Machinery	-	-	250.03	235.34	216.25	212.17
Construction In Progress	-	-	6.55	8.26	0.42	1.43

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