SHE:002355 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	95.46	62.14	29.04	60.39	95.02	175.27
Short-Term Investments	-	4.59	6.55	-	-	157.8
Trading Asset Securities	0.1	0.08	0.09	-	-	-
Cash & Short-Term Investments	95.56	66.8	35.68	60.39	95.02	333.08
Cash Growth	85.97%	87.22%	-40.92%	-36.44%	-71.47%	-25.96%
Accounts Receivable	238.12	189.56	163.96	163.74	201.47	355.93
Other Receivables	17.82	19.38	23.21	3.14	3.97	48
Receivables	255.93	208.94	187.17	166.88	205.44	403.93
Inventory	362.29	322.29	300.08	414.58	501.28	662.68
Other Current Assets	64.33	57.48	37.71	45.5	36.5	98.95
Total Current Assets	778.11	655.51	560.64	687.35	838.24	1,499
Property, Plant & Equipment	461.92	475.62	516.49	631.31	720.46	897.98
Long-Term Investments	711.29	881.66	1,174	635.35	684.04	588.81
Other Intangible Assets	70.29	71	74.84	91.49	102.8	105.76
Long-Term Deferred Tax Assets	74.17	85.42	96.42	101.39	140.17	165.18
Long-Term Deferred Charges	4.16	4.19	0.16	1.08	1.83	2.5
Other Long-Term Assets	75.14	76.34	84.36	104.33	94.49	25.14
Total Assets	2,175	2,250	2,507	2,252	2,582	3,284
Accounts Payable	313.34	288.62	165.89	122.03	152.69	267.76
Accrued Expenses	32.62	58.58	66.3	43.18	44.87	41.65
Short-Term Debt	434.83	327.04	389.77	571.33	597.68	756.66
Current Portion of Long-Term Debt	17.33	18.18	15.83	30.69	-	-
Current Portion of Leases	-	3.4	1.14	3.43	4.17	8.38
Current Income Taxes Payable	27.67	6.42	6.12	0.06	0.06	0.06
Current Unearned Revenue	33.16	21.7	56.68	18.93	13.4	36.43
Other Current Liabilities	368.38	391.95	296.26	285.85	267.13	137.09
Total Current Liabilities	1,227	1,116	997.98	1,075	1,080	1,248
Long-Term Debt	23.9	23.9	40.99	33.98	30.03	30.05
Long-Term Leases	4.31	5.23	-	-	3.54	19.98
Long-Term Unearned Revenue	22.97	23.84	44.59	49.66	55.78	69.87
Long-Term Deferred Tax Liabilities	84.14	125.41	197.45	52.64	34.21	18.53
Other Long-Term Liabilities	33.3	32.7	-	-	-	-
Total Liabilities	1,396	1,327	1,281	1,212	1,204	1,386
Common Stock	668.48	668.48	620.57	620.57	620.57	620.57
Additional Paid-In Capital	2,051	2,021	1,867	1,866	1,860	1,860
Retained Earnings	-1,737	-1,569	-1,245	-1,423	-1,091	-570.09
Treasury Stock	-166.25	-166.25	-	-	-	-
Comprehensive Income & Other	1.67	2.07	3.22	2.71	2.28	0.14
Total Common Equity	818.43	956.35	1,246	1,066	1,391	1,910
Minority Interest	-39.3	-33.57	-19.58	-25.96	-12.73	-12.77
Shareholders' Equity	779.12	922.78	1,226	1,041	1,378	1,898
Total Liabilities & Equity	2,175	2,250	2,507	2,252	2,582	3,284
Total Debt	480.37	377.75	447.72	639.43	635.42	815.06
Net Cash (Debt)	-384.81	-310.95	-412.04	-579.04	-540.4	-481.99
Net Cash Per Share	-0.62	-0.50	-0.67	-0.92	-0.87	-0.78
Filing Date Shares Outstanding	620.49	490.44	620.57	620.57	620.57	620.57
Total Common Shares Outstanding	620.49	490.44	620.57	620.57	620.57	620.57
Working Capital	-449.22	-460.37	-437.34	-388.14	-241.75	250.62
Book Value Per Share	1.32	1.95	2.01	1.72	2.24	3.08
Tangible Book Value	748.14	885.35	1,171	975	1,288	1,805
Tangible Book Value Per Share	1.21	1.81	1.89	1.57	2.08	2.91
Buildings	-	-	-	660.06	679.45	738.55
Machinery	-	1,119	1,122	1,179	1,157	1,143
Construction In Progress	-	5.33	3.48	7.75	16.12	49.36

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