SHE:002238 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	608.17	620.94	1,103	988.59	1,130	871.52
Short-Term Investments	10.96	43.75	-	-	-	-
Trading Asset Securities	43	5.01	2.5	21.43	-	50
Cash & Short-Term Investments	662.13	669.71	1,105	1,010	1,130	921.52
Cash Growth	-36.26%	-39.41%	9.44%	-10.62%	22.62%	-17.89%
Accounts Receivable	212.99	207.7	273.15	386.09	370.25	322.12
Other Receivables	26.4	28.46	20.4	16.13	14.56	15.16
Receivables	239.39	236.16	293.56	402.22	384.81	337.28
Inventory	50.38	39.79	48.05	29.29	27.42	40.34
Prepaid Expenses	-	1.4	5.97	0.1	0.09	0.01
Other Current Assets	29.25	56.68	47.31	79.97	26.31	22.39
Total Current Assets	981.15	1,004	1,500	1,522	1,569	1,322
Property, Plant & Equipment	1,224	1,260	1,533	1,678	1,370	1,227
Long-Term Investments	275.1	277.33	293.79	375.26	384.58	441.88
Other Intangible Assets	268.61	272.91	286.24	302.77	301.97	309.58
Long-Term Deferred Tax Assets	3.16	2.92	3.27	24.39	13.54	0.56
Long-Term Deferred Charges	125.66	135.7	151.35	158.24	152.83	152.42
Other Long-Term Assets	668.21	667.77	459.08	293.95	257.2	257.55
Total Assets	3,546	3,621	4,227	4,355	4,049	3,710
Accounts Payable	457	504.61	571.86	636.45	624.4	484.3
Accrued Expenses	19.45	89.5	87.23	124.56	119.86	112.98
Short-Term Debt	263.62	258.7	377.73	262.62	204.98	-
Current Portion of Long-Term Debt	-	-	-	0.07	-	-
Current Portion of Leases	16.14	18.54	23.15	25.78	28.63	27.06
Current Income Taxes Payable	6.4	0.72	1.98	1.24	0.51	0.46
Current Unearned Revenue	359.67	341.82	391.1	388.29	369.01	401.28
Other Current Liabilities	286.23	235.96	242.67	230.84	213.16	215.69
Total Current Liabilities	1,409	1,450	1,696	1,670	1,561	1,242
Long-Term Debt	-	-	-	149.96	-	-
Long-Term Leases	13.23	16.91	24.76	33.72	34.25	38
Long-Term Unearned Revenue	116.38	123.36	151.93	81.75	73.13	82.98
Long-Term Deferred Tax Liabilities	-	-	-	11.33	12.13	-
Other Long-Term Liabilities	1.33	1.33	2.47	0.81	-	-
Total Liabilities	1,539	1,591	1,875	1,947	1,680	1,363
Common Stock	802.56	802.56	802.56	802.56	802.56	802.56
Additional Paid-In Capital	0.73	0.73	43.91	36.91	36.91	36.91
Retained Earnings	1,147	1,169	1,443	1,509	1,465	1,434
Total Common Equity	1,951	1,972	2,290	2,349	2,304	2,274
Minority Interest	55.72	56.91	62.68	58.27	64.83	73.69
Shareholders' Equity	2,006	2,029	2,352	2,407	2,369	2,348
Total Liabilities & Equity	3,546	3,621	4,227	4,355	4,049	3,710
Total Debt	292.99	294.16	425.63	472.14	267.86	65.07
Net Cash (Debt)	369.14	375.55	679.69	537.87	862.14	856.45
Net Cash Growth	-36.70%	-44.75%	26.37%	-37.61%	0.66%	4.20%
Net Cash Per Share	0.46	0.47	0.85	0.69	1.10	1.09
Filing Date Shares Outstanding	802.56	802.56	802.56	802.56	802.56	802.56
Total Common Shares Outstanding	802.56	802.56	802.56	802.56	802.56	802.56
Working Capital	-427.36	-446.13	-195.5	-148.25	8.09	79.77
Book Value Per Share	2.43	2.46	2.85	2.93	2.87	2.83
Tangible Book Value	1,682	1,699	2,004	2,046	2,002	1,964
Tangible Book Value Per Share	2.10	2.12	2.50	2.55	2.49	2.45
Buildings	-	410.34	410.34	413.85	357.77	357.2
Machinery	-	1,399	1,524	1,244	1,183	1,139
Construction In Progress	-	71.62	72.48	390.58	279.23	140.17