SHE:002234 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	486.54	527.31	622.12	587.85	777.75	656.03
Short-Term Investments	-	0.37	0.78	9.67	3.76	14.52
Trading Asset Securities	-	-	-	40.07	221.32	294.97
Cash & Short-Term Investments	486.54	527.69	622.91	637.59	1,003	965.52
Cash Growth	-10.92%	-15.29%	-2.30%	-36.42%	3.86%	29.51%
Accounts Receivable	67.17	72.1	78.32	74.26	68.56	57.34
Other Receivables	16.6	14.58	5.43	6.6	5.23	4.67
Receivables	83.77	86.69	83.75	80.86	73.79	62.01
Inventory	577.08	578.51	598.26	574.27	550.39	493.74
Prepaid Expenses	-	-	-	-	0.03	0.01
Other Current Assets	23.11	17.1	25.21	25.47	30.37	49.55
Total Current Assets	1,170	1,210	1,330	1,318	1,657	1,571
Property, Plant & Equipment	2,123	2,150	2,157	2,047	1,868	1,813
Long-Term Investments	162.77	164.79	189.57	220.14	263.21	294.85
Other Intangible Assets	103.98	104.8	107.91	105.21	88.75	89.64
Long-Term Deferred Tax Assets	0.33	0.35	0.39	0.1	0.03	0.02
Long-Term Deferred Charges	1.24	1.59	2.96	4.72	6.72	2.98
Other Long-Term Assets	24.77	22.02	50.95	60.46	70.68	69.9
Total Assets	3,587	3,653	3,839	3,756	3,955	3,841
Accounts Payable	202.93	200.1	182.26	197.11	114.1	116.85
Accrued Expenses	31.72	36.84	37.22	36.62	34.02	40.04
Short-Term Debt	1,173	1,254	1,410	1,099	996.23	422.35
Current Portion of Long-Term Debt	71.76	2.68	1.6	-	-	-
Current Portion of Leases	-	56.22	6.96	4.09	2.17	1.79
Current Income Taxes Payable	3.95	0.03	0.03	0.01	-	-
Current Unearned Revenue	8.88	12.45	9.91	11.16	8.46	7.52
Other Current Liabilities	9.68	10.41	11.42	17.17	18	15.65
Total Current Liabilities	1,502	1,572	1,659	1,365	1,173	604.2
Long-Term Debt	103.59	103.66	28.39	-	-	-
Long-Term Leases	28.55	114.08	33.15	21.9	20.86	17.19
Long-Term Unearned Revenue	101.21	101.09	95.8	92.91	91.64	92.05
Long-Term Deferred Tax Liabilities	0.3	0.32	0.39	0.1	-	-
Total Liabilities	1,895	1,892	1,817	1,480	1,285	713.45
Common Stock	348.96	348.96	348.96	348.96	348.96	348.96
Additional Paid-In Capital	1,382	1,382	1,382	1,382	1,382	1,382
Retained Earnings	-28.55	38.96	307.47	556.6	942.91	1,395
Comprehensive Income & Other	0.05	0.06	0.07	-	-	-
Total Common Equity	1,702	1,770	2,038	2,287	2,674	3,126
Minority Interest	-10.68	-8.36	-16.52	-11.84	-4.33	2.02
Shareholders' Equity	1,692	1,761	2,022	2,276	2,669	3,128
Total Liabilities & Equity	3,587	3,653	3,839	3,756	3,955	3,841
Total Debt	1,377	1,530	1,480	1,125	1,019	441.33
Net Cash (Debt)	-890.61	-1,003	-856.93	-487.54	-16.43	524.19
Net Cash Growth	-	-	-	-	-	60.62%
Net Cash Per Share	-2.55	-2.88	-2.44	-1.40	-0.05	1.54
Filing Date Shares Outstanding	355.29	348.96	348.96	348.96	348.96	348.96
Total Common Shares Outstanding	355.29	348.96	348.96	348.96	348.96	348.96
Working Capital	-331.66	-362.49	-329.01	-47.11	484.42	966.62
Book Value Per Share	4.79	5.07	5.84	6.55	7.66	8.96
Tangible Book Value	1,598	1,665	1,930	2,182	2,585	3,036
Tangible Book Value Per Share	4.50	4.77	5.53	6.25	7.41	8.70
Buildings	-	1,790	1,657	1,506	1,424	1,339
Machinery	-	1,648	1,544	1,436	1,373	1,221
Construction In Progress	-	218.36	294.85	320.78	182.31	229.7

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