SHE:002377 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	87.1	42.69	143.43	57.41	251.23	220.38
Short-Term Investments	-	-	-	-	6.26	13.86
Trading Asset Securities	-	-	-	-	-	0.02
Cash & Short-Term Investments	87.1	42.69	143.43	57.41	257.49	234.26
Cash Growth	185.09%	-70.23%	149.84%	-77.70%	9.92%	-72.19%
Accounts Receivable	468.33	633.99	571.82	464.73	679.76	871.12
Other Receivables	9.12	12.12	8.06	21.67	46.59	109
Receivables	477.45	646.11	579.88	486.4	726.35	980.13
Inventory	224.13	197.74	86.37	50.73	163.02	183.32
Other Current Assets	210.3	174.7	141.36	26.21	99.47	108.14
Total Current Assets	998.97	1,061	951.03	620.75	1,246	1,506
Property, Plant & Equipment	391.72	391.79	201.92	120.92	200.04	774.88
Long-Term Investments	6.96	6.96	6.96	12.79	22.89	40.35
Other Intangible Assets	22.75	22.89	14.09	22.56	54.29	116.08
Long-Term Accounts Receivable	-	14.93	24.04	27.34	33.85	68.95
Long-Term Deferred Tax Assets	14.3	14.78	13.49	13.35	36.33	20.85
Long-Term Deferred Charges	-	-	-	-	6.96	50.27
Other Long-Term Assets	24.45	9.69	202.26	200.21	200	200
Total Assets	1,459	1,522	1,414	1,018	1,801	2,777
Accounts Payable	155.12	189.28	211.56	75.76	226.37	214.24
Accrued Expenses	4.98	11.57	13.05	13.56	64.24	84.27
Short-Term Debt	419.97	491.59	431.56	344.08	454.13	458.62
Current Portion of Long-Term Debt	66.68	28.2	-	-	-	-
Current Portion of Leases	-	35.99	2.6	5.25	46.97	224.44
Current Income Taxes Payable	12.28	11.05	11.38	4.38	9.52	5.07
Current Unearned Revenue	118.52	122.1	78.13	5	40.88	67.19
Other Current Liabilities	141.8	158.2	44.69	14.74	192.43	111.24
Total Current Liabilities	919.34	1,048	792.98	462.77	1,035	1,165
Long-Term Debt	113.5	46.8	-	-	-	-
Long-Term Leases	4.31	21.66	9.92	10.71	97.13	474.01
Long-Term Unearned Revenue	0.01	0.01	0.03	0.1	0.17	0.24
Long-Term Deferred Tax Liabilities	1.27	1.48	1.88	2.69	31.25	-
Other Long-Term Liabilities	9.48	-	-	-	19.79	5.19
Total Liabilities	1,048	1,118	804.8	476.27	1,183	1,645
Common Stock	916.33	916.33	916.33	916.33	916.33	916.33
Additional Paid-In Capital	3,606	3,606	3,831	3,714	3,644	3,642
Retained Earnings	-4,125	-4,132	-4,151	-4,102	-3,955	-3,417
Comprehensive Income & Other	-0.24	-0.27	-0.38	-0.62	-0.72	-0.55
Total Common Equity	397.51	390.66	595.79	527.34	604.67	1,141
Minority Interest	13.73	13.71	13.19	14.32	13.12	-8.22
Shareholders' Equity	411.24	404.37	608.98	541.65	617.79	1,133
Total Liabilities & Equity	1,459	1,522	1,414	1,018	1,801	2,777
Total Debt	604.47	624.24	444.08	360.04	598.23	1,157
Net Cash (Debt)	-517.37	-581.54	-300.66	-302.63	-340.74	-922.81
Net Cash Per Share	-0.57	-0.64	-0.33	-0.33	-0.37	-1.00
Filing Date Shares Outstanding	910.48	916.33	916.33	916.33	916.33	916.33
Total Common Shares Outstanding	910.48	916.33	916.33	916.33	916.33	916.33
Working Capital	79.63	13.28	158.06	157.98	211.79	340.77
Book Value Per Share	0.44	0.43	0.65	0.58	0.66	1.25
Tangible Book Value	374.76	367.77	581.7	504.78	550.38	1,025
Tangible Book Value Per Share	0.41	0.40	0.63	0.55	0.60	1.12
Buildings	-	420.73	221.08	109	-	52.07
Machinery	-	238.77	235.45	254.18	-	398.02
Construction In Progress	-	0.48	3.39	-	-	-

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