SHE:002227 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	134.1	40.98	132.33	147.33	257.34	158.59
Trading Asset Securities	-	-	-	-	-	200.03
Cash & Short-Term Investments	134.1	40.98	132.33	147.33	257.34	358.61
Cash Growth	64.21%	-69.03%	-10.18%	-42.75%	-28.24%	399.92%
Accounts Receivable	133.87	148.03	188.18	167.55	144.9	188.79
Other Receivables	43.14	41.98	48.04	46.1	32.81	12.97
Receivables	177.01	190.01	236.21	213.64	177.71	201.75
Inventory	184.67	177.83	185.65	190.23	187.42	186.11
Other Current Assets	13.04	12.15	10.11	13.2	7.42	40.36
Total Current Assets	508.81	420.96	564.31	564.4	629.89	786.85
Property, Plant & Equipment	870.27	884.95	822.66	720.77	684.28	662.15
Long-Term Investments	7	7	7	37	37	37
Other Intangible Assets	38.49	40.31	46.31	44.29	31.59	29.87
Long-Term Deferred Tax Assets	86.71	89.56	84.71	78.77	75.71	66.98
Long-Term Deferred Charges	16.97	16.03	16.97	21.18	26.16	27.78
Other Long-Term Assets	-	-	72.94	74.99	77.05	82.69
Total Assets	1,528	1,459	1,615	1,541	1,562	1,693
Accounts Payable	88.88	88.1	104.39	76.17	60.33	71.79
Accrued Expenses	9.65	26.06	31.33	30.63	25.03	19.44
Short-Term Debt	59.2	59.2	92.68	57.24	47.82	90.29
Current Portion of Long-Term Debt	54.33	41.02	36.2	36.27	36.44	36.31
Current Portion of Leases	-	11.29	9.28	6.65	5.04	5.83
Current Income Taxes Payable	4.43	0.43	0.31	0.24	0.42	0.99
Current Unearned Revenue	58.7	64.13	56.41	51.68	35.84	32.97
Other Current Liabilities	24.71	22.87	95.03	22.86	17.21	38.68
Total Current Liabilities	299.91	313.11	425.63	281.73	228.13	296.31
Long-Term Debt	226.4	122.6	93.4	129.4	165.4	201.4
Long-Term Leases	50.07	52.95	51.01	32.5	22.81	24.01
Long-Term Unearned Revenue	19.02	19.87	24.39	26.93	34.02	25.81
Long-Term Deferred Tax Liabilities	16.28	16.97	16.83	12.26	10.58	4.68
Total Liabilities	611.69	525.5	611.26	482.82	460.94	552.21
Common Stock	247.81	247.81	247.81	247.81	247.81	247.81
Additional Paid-In Capital	641.83	641.83	641.83	641.83	641.83	641.83
Retained Earnings	31.7	47.4	114.71	167.57	210.66	250.63
Comprehensive Income & Other	-0.11	-0.13	-0.16	-0.15	-0.13	-0.05
Total Common Equity	921.22	936.9	1,004	1,057	1,100	1,140
Minority Interest	-4.65	-3.59	-0.54	1.53	0.58	0.88
Shareholders' Equity	916.57	933.31	1,004	1,059	1,101	1,141
Total Liabilities & Equity	1,528	1,459	1,615	1,541	1,562	1,693
Total Debt	390	287.06	282.56	262.06	277.5	357.84
Net Cash (Debt)	-255.91	-246.08	-150.23	-114.73	-20.16	0.77
Net Cash Per Share	-1.03	-0.99	-0.61	-0.46	-0.08	0.00
Filing Date Shares Outstanding	247.81	247.81	247.81	247.81	247.81	247.81
Total Common Shares Outstanding	247.81	247.81	247.81	247.81	247.81	247.81
Working Capital	208.9	107.86	138.68	282.67	401.76	490.54
Book Value Per Share	3.72	3.78	4.05	4.27	4.44	4.60
Tangible Book Value	882.73	896.59	957.87	1,013	1,069	1,110
Tangible Book Value Per Share	3.56	3.62	3.87	4.09	4.31	4.48
Buildings	-	627.88	177.95	170.29	170.29	166.66
Machinery	-	381.98	348.17	278.14	286.89	257.48
Construction In Progress	-	11	380.43	348.5	313.01	294.32

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