SHE:002378 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	1,121	1,011	494.18	660.54	558.59	730.35
Trading Asset Securities	-	-	-	-	3.73	-
Cash & Short-Term Investments	1,121	1,011	494.18	660.54	562.33	730.35
Cash Growth	217.52%	104.50%	-25.19%	17.47%	-23.01%	35.28%
Accounts Receivable	1,094	506.87	737.06	569.8	521.42	490.21
Other Receivables	3.91	4.84	2.38	2.73	2.75	1.04
Receivables	1,098	511.71	739.44	572.54	524.17	491.25
Inventory	4,226	2,688	1,435	1,487	1,417	1,167
Other Current Assets	406.48	201.88	42.81	46.3	96.6	45.32
Total Current Assets	6,851	4,412	2,711	2,766	2,600	2,434
Property, Plant & Equipment	1,436	1,764	1,695	1,524	1,568	1,486
Long-Term Investments	131.36	124.63	116.14	111.49	109.26	102.78
Goodwill	-	-	-	-	2.83	2.83
Other Intangible Assets	340.99	343.8	381.03	409.21	437.9	471.68
Long-Term Deferred Tax Assets	0.42	0.19	14.22	12.77	13.26	13.1
Long-Term Deferred Charges	53.46	51.23	35.05	32.36	46.86	50.39
Other Long-Term Assets	356.99	16.85	20.88	19.64	13.26	14.45
Total Assets	9,170	6,712	4,974	4,876	4,792	4,575
Accounts Payable	2,071	1,417	715.78	524.58	913.7	857.91
Accrued Expenses	92.21	145.2	110.3	108.08	96.13	83.48
Short-Term Debt	872.88	973.41	815.58	887.85	557.73	852.62
Current Portion of Long-Term Debt	259.73	634.87	233.61	574.82	211.47	200.63
Current Portion of Leases	-	4.16	2.52	1.92	1.99	1.45
Current Income Taxes Payable	96.97	24.57	13.31	22.63	0.36	13.19
Current Unearned Revenue	1,347	225.76	18.95	29.24	6.59	29.29
Other Current Liabilities	186.49	43.67	15.45	12.86	68.02	101.23
Total Current Liabilities	4,926	3,468	1,926	2,162	1,856	2,140
Long-Term Debt	1,403	803.17	794.46	543.45	706.5	294.67
Long-Term Leases	7.43	8.98	2.93	0.5	1.47	4.51
Long-Term Unearned Revenue	76.51	77.48	91.4	107.99	127.44	138.2
Long-Term Deferred Tax Liabilities	13.13	9.43	20.88	15.3	15.55	3.86
Other Long-Term Liabilities	19.95	3.75	4.12	3.37	79.13	114.68
Total Liabilities	6,446	4,371	2,839	2,833	2,786	2,696
Common Stock	1,201	1,201	1,201	1,201	924.17	924.17
Additional Paid-In Capital	296.15	295.6	295.5	302.58	579.5	583.88
Retained Earnings	1,209	827.32	623.4	523.46	490.4	379.49
Treasury Stock	-	-	-	-	-0.84	-20.79
Comprehensive Income & Other	13.86	12.27	10.52	9.22	8.62	7.73
Total Common Equity	2,720	2,337	2,131	2,037	2,002	1,874
Minority Interest	3.74	4.07	3.97	6.49	3.79	4.38
Shareholders' Equity	2,724	2,341	2,135	2,043	2,006	1,879
Total Liabilities & Equity	9,170	6,712	4,974	4,876	4,792	4,575
Total Debt	2,543	2,425	1,849	2,009	1,479	1,354
Net Cash (Debt)	-1,422	-1,414	-1,355	-1,348	-916.84	-623.54
Net Cash Per Share	-1.14	-1.17	-1.10	-1.12	-0.77	-0.52
Filing Date Shares Outstanding	1,192	1,201	1,201	1,201	1,181	1,190
Total Common Shares Outstanding	1,192	1,201	1,201	1,201	1,181	1,190
Working Capital	1,924	943.27	785.9	604.37	744.29	293.88
Book Value Per Share	2.28	1.94	1.77	1.70	1.70	1.57
Tangible Book Value	2,379	1,993	1,750	1,627	1,561	1,400
Tangible Book Value Per Share	2.00	1.66	1.46	1.35	1.32	1.18
Buildings	-	1,263	1,174	1,147	1,146	1,081
Machinery	-	1,807	1,729	1,676	1,679	1,444
Construction In Progress	-	81.91	176.84	59.96	24.18	136.45

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