SHE:002291 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	354.18	251	454.71	804.45	1,149	2,246
Cash & Short-Term Investments	354.18	251	454.71	804.45	1,149	2,246
Cash Growth	-17.66%	-44.80%	-43.48%	-30.01%	-48.83%	857.92%
Accounts Receivable	316.2	396.92	617.2	1,015	1,215	1,083
Other Receivables	269.91	102	143.1	229.66	240.76	85.78
Receivables	586.11	498.92	760.31	1,245	1,456	1,169
Inventory	176.96	252.9	390.42	505.75	639.79	799.94
Prepaid Expenses	-	-	2.89	30.72	0.11	3.92
Other Current Assets	357.49	384.7	409.8	429.4	527.14	362.62
Total Current Assets	1,475	1,388	2,018	3,015	3,772	4,581
Property, Plant & Equipment	728.15	785.05	848.47	1,292	900.09	261.21
Long-Term Investments	242.56	242.96	265.5	256.05	142.23	136.66
Goodwill	1,149	1,149	1,179	1,310	1,420	1,463
Other Intangible Assets	170.77	166.34	170.24	175.72	169.3	131.77
Long-Term Deferred Tax Assets	285.65	281.84	323.55	253.81	63.1	80.92
Long-Term Deferred Charges	260.78	271.43	360.91	167.09	205.12	231.75
Other Long-Term Assets	426.19	427.23	467.78	332.94	110.31	175.11
Total Assets	4,738	4,711	5,634	6,802	6,782	7,062
Accounts Payable	348.78	528.93	517.49	444.05	236.9	312.05
Accrued Expenses	27.42	36.76	124.58	163.38	188.27	148.29
Short-Term Debt	538	596.38	690.91	917.55	752.5	650.08
Current Portion of Long-Term Debt	56.09	57.44	-	-	-	30.09
Current Portion of Leases	-	-	22.63	34.41	36.6	37.48
Current Income Taxes Payable	81.1	90.14	4.52	11.46	35.14	10.86
Current Unearned Revenue	93.04	58.63	95.82	32.81	43.8	47.32
Other Current Liabilities	238.22	178.09	152.05	175.89	178.38	143.99
Total Current Liabilities	1,383	1,546	1,608	1,780	1,472	1,380
Long-Term Leases	299.79	331.16	489.4	487.03	64.37	85.33
Long-Term Unearned Revenue	1.62	3.43	-	-	-	-
Long-Term Deferred Tax Liabilities	67.43	68.46	88.46	90.77	15.67	-
Other Long-Term Liabilities	-	-	-	-	0.07	-
Total Liabilities	1,752	1,949	2,186	2,357	1,552	1,465
Common Stock	935.13	935.13	929.78	930.6	911.26	909.84
Additional Paid-In Capital	5,271	5,272	5,400	5,398	5,068	5,106
Retained Earnings	-3,131	-3,358	-2,704	-1,702	-652.74	-388.2
Treasury Stock	-46.77	-46.77	-151.05	-160.05	-92.05	-48.43
Comprehensive Income & Other	-53.21	-53.45	-42.38	-28.9	-26.84	-11.06
Total Common Equity	2,975	2,748	3,433	4,437	5,208	5,568
Minority Interest	10.96	13.39	15.09	7.55	22.6	28.22
Shareholders' Equity	2,986	2,762	3,448	4,445	5,231	5,596
Total Liabilities & Equity	4,738	4,711	5,634	6,802	6,782	7,062
Total Debt	893.88	984.98	1,203	1,439	853.47	802.98
Net Cash (Debt)	-539.7	-733.99	-748.22	-634.53	295.86	1,443
Net Cash Growth	-	-	-	-	-79.50%	-
Net Cash Per Share	-0.58	-0.79	-0.81	-0.70	0.33	1.86
Filing Date Shares Outstanding	935.09	899.66	921.21	922.04	906.51	909.84
Total Common Shares Outstanding	935.09	899.66	921.21	922.04	906.51	909.84
Working Capital	92.08	-158.86	410.13	1,236	2,301	3,201
Book Value Per Share	3.18	3.05	3.73	4.81	5.75	6.12
Tangible Book Value	1,656	1,433	2,083	2,952	3,619	3,973
Tangible Book Value Per Share	1.77	1.59	2.26	3.20	3.99	4.37
Buildings	-	-	180.78	337.55	494.02	-
Machinery	-	-	153.7	136.26	115.54	104.92
Construction In Progress	-	-	289.5	459.47	259.28	37.2

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