SHE:002321 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	310.48	413.57	274.75	241.53	341.82	919.82
Trading Asset Securities	1.05	1.05	1.04	-	33.21	-
Cash & Short-Term Investments	311.54	414.62	275.78	241.53	375.03	919.82
Cash Growth	35.57%	50.34%	14.18%	-35.60%	-59.23%	277.44%
Accounts Receivable	673.23	1,045	538.33	482.37	536.9	440.23
Other Receivables	114.75	76.6	83.75	95.9	106.38	182.91
Receivables	787.98	1,122	622.08	578.27	643.28	623.14
Inventory	1,214	641.07	984.61	744.37	612.43	420.17
Prepaid Expenses	-	8.29	3.51	7.68	0.16	0.16
Other Current Assets	149.28	160.35	91.24	311.7	87.37	533.76
Total Current Assets	2,463	2,346	1,977	1,884	1,718	2,497
Property, Plant & Equipment	975.16	989.99	1,086	1,344	1,433	1,476
Long-Term Investments	32.54	35.8	56.37	40.28	44.33	25.86
Goodwill	112.2	112.2	112.2	112.2	112.2	112.2
Other Intangible Assets	158.08	158.12	163.83	179.93	180.88	186.85
Long-Term Deferred Tax Assets	17.75	20.33	11.6	13.99	15.27	16.03
Long-Term Deferred Charges	3.71	3.89	0.75	0.3	0.47	-
Other Long-Term Assets	260.8	266.23	282.96	104.38	24.74	32.28
Total Assets	4,023	3,933	3,691	3,679	3,530	4,346
Accounts Payable	505.2	584.84	249.48	264.54	305.59	408.66
Accrued Expenses	36.95	54.65	50.78	62.32	62.87	281.64
Short-Term Debt	448.49	475.06	325.07	218.02	151.1	15
Current Portion of Long-Term Debt	5.86	3.4	81.27	0.9	-	28.5
Current Portion of Leases	-	2.77	4.51	8.96	15.74	11.21
Current Income Taxes Payable	17.82	8.58	13.44	14.85	13.37	13.26
Current Unearned Revenue	269.47	79.09	136.21	85.61	116.63	155.83
Other Current Liabilities	304.13	289.92	395.06	505.49	373.54	840.88
Total Current Liabilities	1,588	1,498	1,256	1,161	1,039	1,755
Long-Term Debt	13.32	13.32	7.81	89.11	80	-
Long-Term Leases	50.29	51.55	54.75	82.28	81.63	74.32
Long-Term Unearned Revenue	69.57	69.69	51.53	56.15	56.69	59.97
Other Long-Term Liabilities	859.12	859.12	884.78	895.01	910.71	984.58
Total Liabilities	2,580	2,492	2,255	2,283	2,168	2,874
Common Stock	2,133	2,133	2,133	2,133	2,133	2,133
Additional Paid-In Capital	2,936	2,936	2,835	2,841	2,844	2,305
Retained Earnings	-3,992	-3,976	-3,917	-3,949	-3,917	-3,320
Treasury Stock	-117.09	-117.09	-51	-	-	-
Comprehensive Income & Other	-38.64	-38.64	-38.64	-38.64	-38.64	-
Total Common Equity	921.9	936.99	961.33	986.79	1,022	1,117
Minority Interest	520.98	503.81	474.91	408.99	340.12	355.44
Shareholders' Equity	1,443	1,441	1,436	1,396	1,362	1,472
Total Liabilities & Equity	4,023	3,933	3,691	3,679	3,530	4,346
Total Debt	517.96	546.11	473.42	399.26	328.46	129.03
Net Cash (Debt)	-206.43	-131.49	-197.64	-157.73	46.57	790.79
Net Cash Growth	-	-	-	-	-94.11%	-
Net Cash Per Share	-0.10	-0.07	-0.12	-0.07	0.02	1.43
Filing Date Shares Outstanding	2,067	2,104	2,104	2,133	2,133	2,133
Total Common Shares Outstanding	2,067	2,104	2,104	2,133	2,133	2,133
Working Capital	874.92	847.91	721.39	722.87	679.44	742.07
Book Value Per Share	0.45	0.45	0.46	0.46	0.48	0.52
Tangible Book Value	651.62	666.66	685.3	694.66	728.45	817.99
Tangible Book Value Per Share	0.32	0.32	0.33	0.33	0.34	0.38
Buildings	-	1,413	1,470	1,687	1,712	1,730
Machinery	-	542.65	556.11	550.69	521.88	513.86
Construction In Progress	-	3.88	0.65	8.7	7.92	9.44

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