SHE:002295 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	284.48	242.3	375.8	366.51	528.2	535.86
Short-Term Investments	-	-	-	87.79	92.71	92.63
Cash & Short-Term Investments	284.48	242.3	375.8	454.3	620.92	628.48
Cash Growth	17.46%	-35.52%	-17.28%	-26.83%	-1.20%	-20.63%
Accounts Receivable	1,123	1,052	900.97	885.81	984.18	1,212
Other Receivables	20.12	19.76	15.14	5.6	10	16.07
Receivables	1,143	1,071	916.11	891.42	994.18	1,228
Inventory	308.28	250.06	128.02	231.73	232.89	309.71
Other Current Assets	56.09	42.81	50.1	21.92	21.89	38.09
Total Current Assets	1,792	1,607	1,470	1,599	1,870	2,205
Property, Plant & Equipment	300.53	300.05	283.23	248.91	232.91	211.74
Long-Term Investments	2.44	2.44	2.09	2	-	-
Other Intangible Assets	28.23	28.5	35.1	33.17	24	24.76
Long-Term Deferred Tax Assets	59.16	57.78	36.37	38.63	37.7	28.77
Long-Term Deferred Charges	1.45	1.82	2.62	1.91	0.01	0.02
Other Long-Term Assets	198.77	223.5	259.03	125.2	135.92	139.2
Total Assets	2,383	2,221	2,088	2,049	2,300	2,609
Accounts Payable	265.27	323.79	178.34	338.75	629.51	578.18
Accrued Expenses	6.66	7.98	22.78	13.81	17.33	15.94
Short-Term Debt	565.56	407.16	396.71	253.02	223.01	611.04
Current Portion of Long-Term Debt	11.07	10.97	2.49	-	-	-
Current Portion of Leases	-	-	8.16	6.51	6.88	5.11
Current Income Taxes Payable	5.27	3.45	1.07	1.94	3.33	2.53
Current Unearned Revenue	3.97	4.61	6.71	1.96	2.95	3.86
Other Current Liabilities	70.43	65.24	21.93	13.41	15.26	17.02
Total Current Liabilities	928.22	823.19	638.2	629.4	898.26	1,234
Long-Term Debt	73.42	19.54	19.67	-	-	-
Long-Term Leases	32.98	34.81	32.95	37.18	47.73	53.4
Long-Term Unearned Revenue	19.31	20.09	22.47	25.58	25.61	25.88
Long-Term Deferred Tax Liabilities	19.41	20.06	18.37	20.38	21.99	15.65
Other Long-Term Liabilities	-	-	-	0.05	0.8	3.31
Total Liabilities	1,073	917.7	731.66	712.58	994.38	1,332
Common Stock	250.62	250.62	250.62	250.62	250.62	250.62
Additional Paid-In Capital	617	617	617	617	617	617
Retained Earnings	424.85	417.65	478.71	463.52	439.55	410.56
Comprehensive Income & Other	6.49	7.23	4.33	0.64	-1.12	-1.12
Total Common Equity	1,299	1,292	1,351	1,332	1,306	1,277
Minority Interest	10.59	10.58	6.16	4.83	-	-
Shareholders' Equity	1,310	1,303	1,357	1,337	1,306	1,277
Total Liabilities & Equity	2,383	2,221	2,088	2,049	2,300	2,609
Total Debt	683.02	472.49	459.99	296.72	277.61	669.56
Net Cash (Debt)	-398.54	-230.18	-84.19	157.59	343.31	-41.07
Net Cash Growth	-	-	-	-54.10%	-	-
Net Cash Per Share	-1.64	-0.93	-0.33	0.66	1.40	-0.16
Filing Date Shares Outstanding	240.16	287.15	250.62	250.62	250.62	250.62
Total Common Shares Outstanding	240.16	287.15	250.62	250.62	250.62	250.62
Working Capital	864.09	783.48	831.83	969.97	971.62	970.83
Book Value Per Share	5.41	4.50	5.39	5.31	5.21	5.10
Tangible Book Value	1,271	1,264	1,316	1,299	1,282	1,252
Tangible Book Value Per Share	5.29	4.40	5.25	5.18	5.12	5.00
Buildings	-	-	89.98	86.13	93.21	93.42
Machinery	-	-	345.73	330.33	303.22	295.6
Construction In Progress	-	-	49.66	17.11	32.7	5.58

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