SHE:002362 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	477.95	645.95	642.01	631.78	503.97	472.35
Trading Asset Securities	96.48	51.05	27.16	91.32	412.3	494.96
Cash & Short-Term Investments	574.42	697	669.16	723.09	916.27	967.31
Cash Growth	-10.36%	4.16%	-7.46%	-21.08%	-5.28%	-8.22%
Accounts Receivable	199.85	185.28	232.99	191.57	160.08	150.77
Other Receivables	32.06	29.9	34.39	37.69	41.93	44.95
Receivables	231.91	215.18	267.39	229.27	215.01	195.72
Inventory	511.84	462.38	431.24	447.26	431.78	546.96
Prepaid Expenses	-	0.39	3.86	0.42	0.49	0.47
Other Current Assets	90.03	70.08	73.02	70.81	74.99	89.75
Total Current Assets	1,408	1,445	1,445	1,471	1,639	1,800
Property, Plant & Equipment	185.21	162.82	182.15	180.07	193.64	207.5
Long-Term Investments	20.02	20.81	17.04	18.38	27.56	51.66
Goodwill	2.32	2.32	2.32	2.32	2.32	2.32
Other Intangible Assets	203.68	227.54	161.16	107.93	79.89	46.21
Long-Term Deferred Tax Assets	17.46	17.46	17.58	18.34	18.37	15.36
Long-Term Deferred Charges	69.92	53.59	127.01	98.43	59.23	69.26
Other Long-Term Assets	-	0.06	-	-	-	-
Total Assets	1,907	1,930	1,952	1,896	2,020	2,193
Accounts Payable	231.93	239.67	267.26	205.5	133.95	166.55
Accrued Expenses	77.51	130.95	139.08	110.59	111.26	101.42
Short-Term Debt	266.39	287.3	143.46	76.14	72.84	32.03
Current Portion of Long-Term Debt	43.61	39.03	-	-	-	-
Current Portion of Leases	-	3.49	8.96	2.15	5.18	5.5
Current Income Taxes Payable	22.35	13.53	13.06	13.09	13.9	31.13
Current Unearned Revenue	73.96	70.63	63.67	70.12	49.95	54.72
Other Current Liabilities	45.18	29.96	30.83	33.71	32.28	30.21
Total Current Liabilities	760.92	814.56	666.33	511.31	419.36	421.57
Long-Term Debt	60.04	10.51	-	-	-	-
Long-Term Leases	28.21	6.85	6.37	1.06	2.1	5.03
Long-Term Unearned Revenue	3.19	3.19	2.6	3.55	14.23	2.49
Long-Term Deferred Tax Liabilities	0.34	0.34	0.55	0.38	0.34	0.25
Other Long-Term Liabilities	0.1	0.1	-	-	2.53	0.5
Total Liabilities	852.8	835.55	675.85	516.3	438.55	429.83
Common Stock	244.45	244.45	244.45	244.45	244.45	244.45
Additional Paid-In Capital	1,485	1,485	1,485	1,487	1,487	1,491
Retained Earnings	-796.16	-753.9	-557.95	-446.47	-311.71	-175.45
Comprehensive Income & Other	-25.62	-26.49	-31.01	-32.29	-28.13	-26.2
Total Common Equity	907.55	948.94	1,141	1,252	1,391	1,533
Minority Interest	146.47	145.14	135.22	127.58	189.63	229.32
Shareholders' Equity	1,054	1,094	1,276	1,380	1,581	1,763
Total Liabilities & Equity	1,907	1,930	1,952	1,896	2,020	2,193
Total Debt	398.25	347.18	158.79	79.35	80.12	42.56
Net Cash (Debt)	176.18	349.82	510.37	643.75	836.15	924.74
Net Cash Growth	-53.70%	-31.46%	-20.72%	-23.01%	-9.58%	-12.26%
Net Cash Per Share	0.72	1.43	2.09	2.63	3.42	3.78
Filing Date Shares Outstanding	244.45	244.45	244.45	244.45	244.45	244.45
Total Common Shares Outstanding	244.45	244.45	244.45	244.45	244.45	244.45
Working Capital	647.28	630.47	778.35	959.56	1,219	1,379
Book Value Per Share	3.71	3.88	4.67	5.12	5.69	6.27
Tangible Book Value	701.54	719.08	977.39	1,142	1,309	1,485
Tangible Book Value Per Share	2.87	2.94	4.00	4.67	5.36	6.07
Buildings	-	223.71	223.71	223.73	223.11	223.11
Machinery	-	175.12	174.59	170.39	164.09	165.03
Construction In Progress	-	0.01	-	-	-	-

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