SHE:002205 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	98.22	126.73	176.58	142.13	301.61	78.21
Cash & Short-Term Investments	98.22	126.73	176.58	142.13	301.61	78.21
Cash Growth	-25.62%	-28.23%	24.24%	-52.88%	285.63%	-67.50%
Accounts Receivable	617.2	695.23	668.73	753.83	790.88	679.15
Other Receivables	123.43	106.58	22.91	38.11	51.05	80.7
Receivables	740.63	801.81	691.64	791.94	841.93	759.85
Inventory	112.42	110.22	86.03	105.42	124.13	138.2
Prepaid Expenses	-	5.79	6.11	7.1	5.71	7.22
Other Current Assets	14.25	9.27	11.53	19.96	16.29	25.51
Total Current Assets	965.52	1,054	971.89	1,067	1,290	1,009
Property, Plant & Equipment	374.68	378.71	438.26	385.08	459.52	496.11
Long-Term Investments	-	-	-	-	9.18	9.18
Other Intangible Assets	159.37	159.83	287.32	253.64	299.93	304.07
Long-Term Accounts Receivable	2,033	2,042	2,058	2,058	2,122	2,093
Long-Term Deferred Tax Assets	6.34	6.34	6.39	8.77	9.68	8.69
Long-Term Deferred Charges	36.4	44.35	31.07	22.47	24.58	37.91
Other Long-Term Assets	173.42	177.79	176.21	274.5	51.92	51.92
Total Assets	3,748	3,863	3,969	4,069	4,266	4,010
Accounts Payable	519.33	602.79	604.79	854.2	1,169	876.91
Accrued Expenses	17.27	104.78	115.66	90.57	103.66	109.9
Short-Term Debt	965.75	915.58	722.88	480.88	659.6	600.87
Current Portion of Long-Term Debt	524.74	692.24	189	164.37	176.67	52.52
Current Portion of Leases	-	46.96	52.92	93.31	55.95	56.14
Current Income Taxes Payable	98.43	13.07	13.84	15.17	18.71	18.47
Current Unearned Revenue	15.5	15.54	39.11	53.82	34.92	25.7
Other Current Liabilities	1.97	30.74	27.28	21.91	45.87	54.47
Total Current Liabilities	2,143	2,422	1,765	1,774	2,264	1,795
Long-Term Debt	875.37	664.37	1,287	1,332	942.41	1,024
Long-Term Leases	42.06	52.26	62.31	35.23	40.22	55.11
Long-Term Unearned Revenue	1.54	1.54	2.06	2.58	3.1	3.62
Long-Term Deferred Tax Liabilities	31.28	31.44	33.64	31.39	3.79	4.45
Other Long-Term Liabilities	304.83	304.83	306.16	126.12	79.64	80.2
Total Liabilities	3,398	3,476	3,457	3,302	3,333	2,963
Common Stock	185.84	185.84	185.84	185.84	185.84	185.84
Additional Paid-In Capital	456.49	456.49	456.49	456.49	456.19	456.19
Retained Earnings	-500.16	-465.97	-375.69	-126.58	128.44	232.91
Comprehensive Income & Other	114.39	114.39	114.39	110.2	-	-
Total Common Equity	256.57	290.76	381.04	625.96	770.47	874.94
Minority Interest	93.79	96.07	131.26	140.86	162.5	172.65
Shareholders' Equity	350.35	386.82	512.29	766.82	932.97	1,048
Total Liabilities & Equity	3,748	3,863	3,969	4,069	4,266	4,010
Total Debt	2,408	2,371	2,315	2,106	1,875	1,789
Net Cash (Debt)	-2,310	-2,245	-2,138	-1,964	-1,573	-1,711
Net Cash Per Share	-12.43	-12.08	-11.50	-10.57	-8.47	-9.20
Filing Date Shares Outstanding	185.84	185.84	185.84	185.84	185.84	185.84
Total Common Shares Outstanding	185.84	185.84	185.84	185.84	185.84	185.84
Working Capital	-1,177	-1,368	-793.59	-707.67	-974.51	-785.97
Book Value Per Share	1.38	1.56	2.05	3.37	4.15	4.71
Tangible Book Value	97.2	130.92	93.72	372.32	470.54	570.86
Tangible Book Value Per Share	0.52	0.70	0.50	2.00	2.53	3.07
Buildings	-	251.54	242.97	185.3	294.32	313.75
Machinery	-	606.28	635.74	464.24	493.28	497.97
Construction In Progress	-	0.1	17.23	19.51	0.6	-

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