SHE:002354 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	570.53	382.35	310.74	372.89	321.22	402.85
Trading Asset Securities	-	-	29.73	-	12	582.07
Cash & Short-Term Investments	570.53	382.35	340.47	372.89	333.22	984.92
Cash Growth	79.61%	12.30%	-8.70%	11.91%	-66.17%	4.20%
Accounts Receivable	433.36	543.53	455.08	407.48	307.82	222.36
Other Receivables	26.71	21.14	18.47	37.8	50.31	65.84
Receivables	460.07	564.67	473.56	445.28	358.12	288.2
Inventory	20.28	23.79	16.65	19.3	24.83	24.13
Other Current Assets	134.24	110.02	135.89	47.48	44.95	44.16
Total Current Assets	1,185	1,081	966.56	884.96	761.12	1,341
Property, Plant & Equipment	104.6	84.44	59.15	91.79	84.09	84.95
Long-Term Investments	107.53	109.09	154.31	444.98	1,281	1,530
Goodwill	499.47	499.04	544.02	576.29	615.58	619.02
Other Intangible Assets	3.25	3.36	3.75	4.34	4.99	2.19
Long-Term Deferred Tax Assets	11.08	6.35	6.64	7.01	4.75	0.79
Long-Term Deferred Charges	10.41	7.06	5.66	5.17	7.16	8.35
Other Long-Term Assets	16.97	17.26	25.74	8.85	9.07	-
Total Assets	1,938	1,807	1,766	2,023	2,768	3,586
Accounts Payable	174.17	233.62	315.02	291.29	179.44	178.44
Accrued Expenses	34.22	95.93	62.31	60.22	55.7	47.68
Short-Term Debt	89.23	95.18	9.22	0.24	0.43	0.74
Current Portion of Long-Term Debt	9.94	8.87	-	-	-	-
Current Portion of Leases	-	-	6.84	10.47	9.47	13.55
Current Income Taxes Payable	44.86	35.26	5.86	6.81	4.3	2.31
Current Unearned Revenue	66.93	64.23	40.39	46.92	50.34	78.75
Other Current Liabilities	68.31	54.13	48.02	64.03	42.42	45.2
Total Current Liabilities	487.66	587.22	487.67	479.99	342.11	366.67
Long-Term Leases	36.4	17.15	6.98	6.47	14.31	1.85
Long-Term Unearned Revenue	0.6	0.61	1.16	1.49	0.24	0.27
Long-Term Deferred Tax Liabilities	8.46	3.28	3.14	4.81	5.45	2.22
Other Long-Term Liabilities	4.62	4.62	4.62	4.62	4.62	453.91
Total Liabilities	537.74	612.88	503.57	497.38	366.72	824.91
Common Stock	1,655	1,655	1,655	1,655	1,655	1,662
Additional Paid-In Capital	7,344	7,185	7,164	7,230	6,991	7,028
Retained Earnings	-7,412	-7,443	-7,394	-7,233	-6,143	-5,862
Comprehensive Income & Other	-211.36	-209.96	-204.15	-147.85	-148.81	-141.74
Total Common Equity	1,375	1,187	1,221	1,504	2,354	2,686
Minority Interest	25.48	7.09	41.57	22.05	47.65	74.86
Shareholders' Equity	1,401	1,195	1,262	1,526	2,401	2,761
Total Liabilities & Equity	1,938	1,807	1,766	2,023	2,768	3,586
Total Debt	135.58	121.2	23.05	17.19	24.2	16.14
Net Cash (Debt)	434.95	261.15	317.42	355.71	309.02	968.77
Net Cash Growth	96.16%	-17.73%	-10.76%	15.11%	-68.10%	2.49%
Net Cash Per Share	0.26	0.16	0.19	0.21	0.19	0.58
Filing Date Shares Outstanding	1,653	1,658	1,655	1,655	1,655	1,662
Total Common Shares Outstanding	1,653	1,658	1,655	1,655	1,655	1,662
Working Capital	697.45	493.6	478.89	404.96	419.01	974.74
Book Value Per Share	0.83	0.72	0.74	0.91	1.42	1.62
Tangible Book Value	872.49	685.05	672.92	923.32	1,733	2,065
Tangible Book Value Per Share	0.53	0.41	0.41	0.56	1.05	1.24
Buildings	-	-	46.63	76.49	62.57	73.57
Machinery	-	-	53.15	52.7	49.32	44.3

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