SHE:002374 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	82.32	72.27	116.53	159.83	145.36	214.36
Cash & Short-Term Investments	82.32	72.27	116.53	159.83	145.36	214.36
Cash Growth	5.18%	-37.98%	-27.09%	9.96%	-32.19%	-17.60%
Accounts Receivable	1,617	1,724	1,813	1,769	1,764	2,017
Other Receivables	13.29	89.55	131.5	207.54	217.11	330.58
Receivables	1,631	1,813	1,944	1,976	1,981	2,347
Inventory	137.6	122.41	133.54	153.5	171.53	180.33
Other Current Assets	119.81	43.48	39.86	35.48	33.97	92.39
Total Current Assets	1,970	2,051	2,234	2,325	2,332	2,834
Property, Plant & Equipment	430.89	439.82	464.14	479.56	511.33	539.76
Long-Term Investments	7.76	7.79	8.59	12.66	9.49	9.64
Other Intangible Assets	52.42	52.87	54.55	56.71	62.5	66.91
Long-Term Accounts Receivable	-	-	-	14.08	369.26	359.51
Long-Term Deferred Tax Assets	15.08	14.24	11.09	8.28	4.12	57.8
Long-Term Deferred Charges	0.8	0.71	0.99	3.44	12.85	22.96
Other Long-Term Assets	486.78	484.5	664.74	833.03	556.02	965.04
Total Assets	2,964	3,051	3,438	3,733	3,858	4,856
Accounts Payable	573.41	585.63	609.79	614.66	626.14	666.93
Accrued Expenses	20.79	117.59	115.33	105.46	101.13	47.61
Short-Term Debt	263.7	937.56	833.28	905.88	863.27	556.61
Current Portion of Long-Term Debt	46.04	325.96	135.36	112.18	63.42	363.41
Current Portion of Leases	-	20.18	27.89	31.84	11.05	1.86
Current Income Taxes Payable	95.46	1.66	2.6	3.61	7.64	6.77
Current Unearned Revenue	8	8.51	8.07	9.26	8.69	45.86
Other Current Liabilities	873.52	127.9	233.74	126.83	113.27	216.93
Total Current Liabilities	1,881	2,125	1,966	1,910	1,795	1,906
Long-Term Debt	593.05	286.72	559.11	627.79	692.47	741.11
Long-Term Leases	-	9.13	17.96	13.29	10.55	4.01
Long-Term Unearned Revenue	7.68	7.84	10.61	12.38	15.16	17.93
Long-Term Deferred Tax Liabilities	0.9	0.9	0.93	0.65	-	24.81
Other Long-Term Liabilities	9.52	0.38	1.43	21.91	20.83	-
Total Liabilities	2,492	2,430	2,556	2,586	2,534	2,694
Common Stock	1,085	1,085	1,085	1,088	1,088	1,088
Additional Paid-In Capital	2,063	2,063	2,063	2,067	2,067	2,066
Retained Earnings	-2,586	-2,465	-2,211	-1,956	-1,795	-1,108
Treasury Stock	-27	-	-	-6.33	-6.33	-6.33
Comprehensive Income & Other	0.15	0.15	0.43	2.26	0.26	0.35
Total Common Equity	535.09	682.93	937.26	1,194	1,353	2,040
Minority Interest	-63.17	-61.62	-55.29	-47.44	-29.01	122.4
Shareholders' Equity	471.92	621.31	881.97	1,147	1,324	2,162
Total Liabilities & Equity	2,964	3,051	3,438	3,733	3,858	4,856
Total Debt	902.79	1,580	1,574	1,691	1,641	1,667
Net Cash (Debt)	-820.47	-1,507	-1,457	-1,531	-1,495	-1,453
Net Cash Per Share	-0.76	-1.42	-1.36	-1.43	-1.37	-1.34
Filing Date Shares Outstanding	1,099	1,085	1,085	1,085	1,085	1,085
Total Common Shares Outstanding	1,099	1,085	1,085	1,085	1,085	1,085
Working Capital	89.35	-73.64	267.91	415.21	537.65	928.45
Book Value Per Share	0.49	0.63	0.86	1.10	1.25	1.88
Tangible Book Value	482.68	630.06	882.71	1,138	1,291	1,973
Tangible Book Value Per Share	0.44	0.58	0.81	1.05	1.19	1.82
Land	-	-	-	361.39	-	-
Buildings	-	377.95	370.09	-	376.09	368.49
Machinery	-	795.94	785.58	773.34	758.48	776.2
Construction In Progress	-	1.54	2.83	6.54	2.45	5.2

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