SHE:002388 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	123.49	117.86	159.16	230.94	657.4	975.01
Trading Asset Securities	0.95	0.51	0.69	0.6	0.71	-
Cash & Short-Term Investments	124.44	118.37	159.85	231.54	658.11	975.01
Cash Growth	-26.89%	-25.95%	-30.96%	-64.82%	-32.50%	14.49%
Accounts Receivable	1,371	1,429	1,441	1,137	454.07	741.96
Other Receivables	22.17	22.53	16.15	6.54	555.31	5.94
Receivables	1,393	1,451	1,457	1,144	1,009	747.89
Inventory	371.93	362.76	255.39	276.49	246.14	195.76
Other Current Assets	213.08	220.92	151.94	265.37	184.75	157.93
Total Current Assets	2,103	2,153	2,024	1,917	2,098	2,077
Property, Plant & Equipment	432.29	444.82	623.92	634.71	123.97	70.83
Long-Term Investments	22.2	22.07	1.98	1.86	1.83	1.91
Goodwill	-	-	-	134.35	5.66	5.66
Other Intangible Assets	58.85	60.41	156.27	140.04	73.11	5.11
Long-Term Deferred Tax Assets	55.02	57.62	38.94	16.98	4.95	18.85
Long-Term Deferred Charges	7.66	8.05	6.84	4.97	4.75	2.82
Other Long-Term Assets	232.96	234.51	18.03	162.43	208.88	60.04
Total Assets	2,912	2,981	2,870	3,012	2,522	2,242
Accounts Payable	356.13	375.46	410.13	345.44	229.85	264.12
Accrued Expenses	20.75	24.49	44.8	44.78	30.66	28.5
Short-Term Debt	619.57	662.49	551.06	445.9	740.41	439.9
Current Portion of Long-Term Debt	94.42	94.21	10.98	-	-	-
Current Portion of Leases	-	-	5.58	5.26	4.5	4.23
Current Income Taxes Payable	9.72	14.73	3.41	6.67	5.7	7.76
Current Unearned Revenue	115.3	119.21	61.03	56.89	24.14	3.24
Other Current Liabilities	398.7	415.78	385.28	463.39	29.45	38.57
Total Current Liabilities	1,615	1,706	1,472	1,368	1,065	786.32
Long-Term Debt	8	-	87.1	49.3	-	-
Long-Term Leases	47.78	50.01	49.31	38.7	3.66	7.53
Long-Term Unearned Revenue	6.18	6.23	6.52	6.82	7.17	8.32
Other Long-Term Liabilities	2.98	3.14	0.23	0.2	-	-
Total Liabilities	1,680	1,766	1,615	1,463	1,076	802.17
Common Stock	510.7	510.7	510.7	512.41	507.73	510.46
Additional Paid-In Capital	699.87	699.87	700.51	693.23	687.08	695.04
Retained Earnings	-240.93	-245.53	-223.07	13.05	254.23	247.92
Treasury Stock	-12.72	-12.72	-21.27	-26.19	-17.16	-29.22
Comprehensive Income & Other	2.27	2.05	2.12	2.87	-	-
Total Common Equity	959.18	954.36	968.99	1,195	1,432	1,424
Minority Interest	272.88	260.85	285.97	353.64	14.12	15.44
Shareholders' Equity	1,232	1,215	1,255	1,549	1,446	1,440
Total Liabilities & Equity	2,912	2,981	2,870	3,012	2,522	2,242
Total Debt	769.76	806.71	704.03	539.16	748.57	451.67
Net Cash (Debt)	-645.33	-688.34	-544.18	-307.62	-90.46	523.34
Net Cash Growth	-	-	-	-	-	301.44%
Net Cash Per Share	-1.28	-1.36	-1.06	-0.61	-0.16	1.04
Filing Date Shares Outstanding	504.76	488.47	485.11	503.79	809.73	508.72
Total Common Shares Outstanding	504.76	488.47	485.11	503.79	809.73	508.72
Working Capital	488.01	447.13	552.14	548.7	1,034	1,290
Book Value Per Share	1.90	1.95	2.00	2.37	1.77	2.80
Tangible Book Value	900.33	893.96	812.72	920.98	1,353	1,413
Tangible Book Value Per Share	1.78	1.83	1.68	1.83	1.67	2.78
Buildings	-	-	406.62	305.56	123.48	61.95
Machinery	-	-	518.21	568.84	63.24	61.01
Construction In Progress	-	-	2.8	3.41	-	-

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