SHE:002201 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	246.17	203.09	145.34	171.04	105.44	274.53
Trading Asset Securities	-	-	-	-	-	20.14
Cash & Short-Term Investments	246.17	203.09	145.34	171.04	105.44	294.67
Cash Growth	71.94%	39.73%	-15.03%	62.22%	-64.22%	29.83%
Accounts Receivable	980.38	1,324	886.98	885.99	511.24	476.86
Other Receivables	11.73	5.9	3.66	5.55	4.73	5.24
Receivables	992.11	1,330	890.64	891.55	515.97	482.1
Inventory	781.97	615.3	458.35	536.81	356.52	314.68
Other Current Assets	39.94	16.88	15.04	39.91	30.35	33.17
Total Current Assets	2,060	2,165	1,509	1,639	1,008	1,125
Property, Plant & Equipment	995.03	935.33	931.89	1,042	1,107	1,105
Long-Term Investments	110.84	57.27	70.64	78.61	99.78	142.09
Other Intangible Assets	70.71	62.44	65.52	68.69	70.86	73.76
Long-Term Deferred Tax Assets	61.96	61.37	52.56	37.9	17.81	12.91
Long-Term Deferred Charges	2.04	2.28	1.29	1.47	5.59	3.29
Other Long-Term Assets	22.33	77.87	61.89	58.26	76.25	28.95
Total Assets	3,323	3,362	2,693	2,926	2,386	2,491
Accounts Payable	1,218	1,246	774.14	916.05	463.29	511.11
Accrued Expenses	41.58	140.31	103.65	61.56	67.11	52.43
Short-Term Debt	467.5	455.66	425.75	578.94	395.04	446.15
Current Portion of Long-Term Debt	49.5	10.07	10.04	10.06	185.26	10.02
Current Portion of Leases	-	47.51	51.93	20.77	51.87	117.78
Current Income Taxes Payable	59.15	50.07	24.48	44.45	6.71	4.69
Current Unearned Revenue	26.01	18.75	16.58	19.71	19.86	16.45
Other Current Liabilities	68.06	12.91	4.75	5.32	3.93	8.37
Total Current Liabilities	1,930	1,981	1,411	1,657	1,193	1,167
Long-Term Debt	58.72	58.72	25	35	-	185.26
Long-Term Leases	12.52	56.03	68.74	112.59	112.59	80.33
Long-Term Unearned Revenue	7.2	7.71	19.62	11.25	16.75	28.63
Long-Term Deferred Tax Liabilities	6.09	8.18	6.86	6.47	4.45	3.71
Other Long-Term Liabilities	124.01	80.55	64.03	25.05	14.45	10.62
Total Liabilities	2,138	2,192	1,596	1,847	1,341	1,476
Common Stock	651.64	651.64	651.64	651.64	651.64	465.45
Additional Paid-In Capital	49.75	49.75	49.75	49.75	49.75	235.93
Retained Earnings	491.28	475.63	400.7	374.42	338.88	310.26
Comprehensive Income & Other	-7.71	-7.71	-4.51	3.04	4.3	3.77
Total Common Equity	1,185	1,169	1,098	1,079	1,045	1,015
Shareholders' Equity	1,185	1,169	1,098	1,079	1,045	1,015
Total Liabilities & Equity	3,323	3,362	2,693	2,926	2,386	2,491
Total Debt	588.24	627.98	581.47	757.37	744.75	839.53
Net Cash (Debt)	-342.07	-424.89	-436.13	-586.32	-639.31	-544.87
Net Cash Per Share	-0.53	-0.66	-0.74	-0.91	-1.05	-0.84
Filing Date Shares Outstanding	652.33	651.64	651.64	651.64	651.64	651.64
Total Common Shares Outstanding	652.33	651.64	651.64	651.64	651.64	651.64
Working Capital	130.57	183.95	98.05	-17.54	-184.77	-42.39
Book Value Per Share	1.82	1.79	1.68	1.66	1.60	1.56
Tangible Book Value	1,114	1,107	1,032	1,010	973.7	941.65
Tangible Book Value Per Share	1.71	1.70	1.58	1.55	1.49	1.45
Buildings	-	769.45	741.34	720.87	679.77	570.1
Machinery	-	922.73	916.34	824.78	884.21	808.39
Construction In Progress	-	17.03	12.88	70.7	5.05	54.21

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