SHE:002309 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	Dec '21 Dec 31, 2021
Cash & Equivalents	659.25	662.29	1,937	704.98	756.5	2,219
Trading Asset Securities	36.12	197.2	29.33	39.62	61.26	36.1
Cash & Short-Term Investments	695.36	859.49	1,966	744.6	817.76	2,255
Cash Growth	-61.67%	-56.29%	164.07%	-8.95%	-63.74%	-29.80%
Accounts Receivable	1,151	995.93	772.72	1,251	1,654	2,685
Other Receivables	163.36	39.01	72.26	312.26	1,038	987.76
Receivables	1,315	1,035	844.98	1,564	2,693	3,672
Inventory	722.69	390.01	403.44	883.89	1,016	1,516
Other Current Assets	363.92	609.39	47.06	169.13	167.01	355.4
Total Current Assets	3,097	2,894	3,262	3,361	4,693	7,799
Property, Plant & Equipment	1,090	1,115	1,534	3,505	3,946	4,438
Long-Term Investments	298.52	298.52	415.16	493.19	547.84	664.96
Other Intangible Assets	239.19	243.38	277.09	284.43	258.6	311.93
Long-Term Deferred Tax Assets	3.98	3.7	3	31.2	71.61	21.8
Long-Term Deferred Charges	1.64	0.84	0.92	22.51	24.21	6.61
Other Long-Term Assets	48.03	45.84	32.53	14.93	60.72	296.18
Total Assets	4,779	4,601	5,524	7,712	9,602	13,539
Accounts Payable	1,050	776.24	692.56	1,456	2,062	4,459
Accrued Expenses	33.62	187.07	438.32	294.51	133.62	146.17
Short-Term Debt	45.25	64.75	466.9	3,169	3,351	3,737
Current Portion of Long-Term Debt	236.75	217.9	364.14	211.6	129.07	386.73
Current Portion of Leases	-	43.05	31.65	327.91	255.39	290.89
Current Income Taxes Payable	30.25	1.61	32.37	16.02	9.77	10
Current Unearned Revenue	146.61	123.16	101.74	463.71	362.78	522.24
Other Current Liabilities	477.53	360.55	397.31	436.58	426.92	652.27
Total Current Liabilities	2,020	1,774	2,525	6,375	6,731	10,204
Long-Term Debt	-	-	11.75	474.16	540.62	423.69
Long-Term Leases	3.39	8.72	56.16	114.28	204.59	148.58
Long-Term Unearned Revenue	3.59	4.06	54.01	62.75	77.46	80.27
Long-Term Deferred Tax Liabilities	0.17	3.74	0.62	14.89	41.52	-
Other Long-Term Liabilities	884.08	991.42	1,464	1,235	1,012	1,241
Total Liabilities	2,912	2,782	4,112	8,277	8,607	12,097
Common Stock	3,008	3,008	3,008	871.79	871.79	871.79
Additional Paid-In Capital	8,111	8,111	8,070	6,127	6,134	6,134
Retained Earnings	-8,360	-8,376	-8,319	-7,145	-5,702	-5,231
Treasury Stock	-341.13	-369.14	-912.32	-	-	-
Comprehensive Income & Other	-543.02	-547.26	-426.03	-412.55	-300.15	-329.17
Total Common Equity	1,874	1,827	1,420	-558.3	1,004	1,446
Minority Interest	-7.69	-8.24	-7.91	-6.14	-9.04	-4.14
Shareholders' Equity	1,867	1,818	1,412	-564.44	995.32	1,442
Total Liabilities & Equity	4,779	4,601	5,524	7,712	9,602	13,539
Total Debt	285.38	334.41	930.61	4,297	4,481	4,987
Net Cash (Debt)	409.98	525.08	1,036	-3,552	-3,663	-2,731
Net Cash Growth	-8.58%	-49.30%	-	-	-	-
Net Cash Per Share	0.16	0.18	0.41	-1.38	-4.24	-3.14
Filing Date Shares Outstanding	3,008	3,008	3,008	871.79	871.79	871.79
Total Common Shares Outstanding	3,008	3,008	3,008	871.79	871.79	871.79
Working Capital	1,076	1,120	736.78	-3,014	-2,037	-2,405
Book Value Per Share	0.62	0.61	0.47	-0.64	1.15	1.66
Tangible Book Value	1,635	1,583	1,143	-842.73	745.76	1,134
Tangible Book Value Per Share	0.54	0.53	0.38	-0.97	0.86	1.30
Buildings	-	1,636	1,798	2,251	2,324	2,086
Machinery	-	1,631	1,915	3,046	3,045	3,036
Construction In Progress	-	0.25	217.76	646.13	627.41	1,330

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