SHE:002381 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	463.47	503.76	406.9	676.72	887.11	494.74
Trading Asset Securities	110.57	65.19	60	-	-	4.33
Cash & Short-Term Investments	574.04	568.95	466.9	676.72	887.11	499.07
Cash Growth	41.52%	21.86%	-31.01%	-23.72%	77.75%	-31.97%
Accounts Receivable	1,073	1,103	1,054	957.92	831.31	759.86
Other Receivables	24.71	32.94	38.6	27.9	20.93	18.44
Receivables	1,098	1,136	1,093	985.82	852.24	778.31
Inventory	519.22	452.28	547.35	473.15	491.8	421.55
Other Current Assets	34.71	23.69	68.59	54.23	53.75	29.39
Total Current Assets	2,226	2,181	2,176	2,190	2,285	1,728
Property, Plant & Equipment	1,301	1,312	1,246	1,189	858.49	754.65
Long-Term Investments	72.59	76.18	97.49	102.39	101.35	74.53
Other Intangible Assets	195.75	197.51	204.23	203.8	211.54	161.19
Long-Term Deferred Tax Assets	28.79	29.63	24.38	20.98	13.03	11.83
Long-Term Deferred Charges	22.53	23.16	25.2	27.18	15.76	16.1
Other Long-Term Assets	29.21	44.34	17.59	12.31	27.74	56.15
Total Assets	3,875	3,865	3,790	3,745	3,513	2,803
Accounts Payable	632.25	682.73	625.31	710.2	740.24	589.06
Accrued Expenses	8.43	35.85	48.37	54.16	35.68	38.65
Short-Term Debt	108.36	88.65	-	0.1	42.05	56.09
Current Portion of Long-Term Debt	64.77	60.99	30.03	6.67	-	-
Current Portion of Leases	-	2.82	3.66	3.59	3.76	3.06
Current Income Taxes Payable	17.1	13.27	9.01	28.51	16.53	19.94
Current Unearned Revenue	133.72	90.05	123.23	95.79	91.7	92.83
Other Current Liabilities	64.3	59.93	68.21	46.25	57.91	39.86
Total Current Liabilities	1,029	1,034	907.83	945.27	987.88	839.49
Long-Term Debt	552.09	554.28	583.25	542.6	500.49	-
Long-Term Leases	36.02	33.33	32.54	36.64	40.06	35.8
Long-Term Unearned Revenue	80.57	81.8	85.44	84.81	9.56	7.12
Long-Term Deferred Tax Liabilities	-	-	-	-	0.54	0.66
Other Long-Term Liabilities	0.22	0.22	1.76	0.45	0.48	0.41
Total Liabilities	1,698	1,704	1,611	1,610	1,539	883.48
Common Stock	411.58	411.58	411.58	411.58	411.57	411.57
Additional Paid-In Capital	568.05	568.05	568.04	568.04	568.02	568.01
Retained Earnings	1,181	1,164	1,181	1,123	963.08	931.55
Comprehensive Income & Other	7.99	7.81	7.14	22.12	21.7	-1.67
Total Common Equity	2,169	2,151	2,168	2,124	1,964	1,909
Minority Interest	9.06	9.53	11.84	11.2	9.43	9.81
Shareholders' Equity	2,178	2,161	2,179	2,136	1,974	1,919
Total Liabilities & Equity	3,875	3,865	3,790	3,745	3,513	2,803
Total Debt	761.23	740.09	649.48	589.6	586.38	94.95
Net Cash (Debt)	-187.19	-171.14	-182.58	87.12	300.73	404.11
Net Cash Growth	-	-	-	-71.03%	-25.58%	-44.92%
Net Cash Per Share	-0.46	-0.42	-0.43	0.21	0.74	0.98
Filing Date Shares Outstanding	429.51	411.58	411.58	411.58	411.57	411.57
Total Common Shares Outstanding	429.51	411.58	411.58	411.58	411.57	411.57
Working Capital	1,197	1,147	1,268	1,245	1,297	888.82
Book Value Per Share	5.05	5.23	5.27	5.16	4.77	4.64
Tangible Book Value	1,973	1,954	1,963	1,921	1,753	1,748
Tangible Book Value Per Share	4.59	4.75	4.77	4.67	4.26	4.25
Buildings	-	736.67	720.81	495.31	453.21	395.48
Machinery	-	1,178	1,140	1,007	957.01	713.27
Construction In Progress	-	279.65	163.23	370.89	60.79	190.63

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