SHE:002391 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	Dec '21 Dec 31, 2021
Cash & Equivalents	344.7	298.62	260	401.68	446.04	676.24
Short-Term Investments	-	32.94	10.86	-	-	-
Trading Asset Securities	286.45	325.92	355.38	274.05	604.24	431.17
Cash & Short-Term Investments	631.15	657.48	626.24	675.73	1,050	1,107
Cash Growth	-42.90%	4.99%	-7.32%	-35.66%	-5.16%	18.66%
Accounts Receivable	1,114	819.37	764.63	729.07	653.01	594.45
Other Receivables	6.15	7.07	7.68	8.97	10.59	8.71
Receivables	1,120	826.44	772.31	738.04	663.6	603.16
Inventory	1,410	1,321	1,378	1,629	1,425	1,136
Prepaid Expenses	-	-	-	-	-	0.22
Other Current Assets	149.84	138.82	197.83	149.98	102.93	267.51
Total Current Assets	3,311	2,944	2,974	3,193	3,242	3,115
Property, Plant & Equipment	5,246	5,259	5,046	4,387	3,828	3,343
Long-Term Investments	22.46	23	22.8	24.69	25.94	27.09
Other Intangible Assets	294.8	299.54	282.3	274.42	230	180.49
Long-Term Deferred Tax Assets	116.74	116.35	101.45	60.23	41.53	36.05
Long-Term Deferred Charges	58.73	51.78	42.59	30.04	21.5	8.61
Other Long-Term Assets	94.07	26.76	171.96	80.79	85.32	155.25
Total Assets	9,143	8,720	8,641	8,050	7,474	6,865
Accounts Payable	871.73	776.75	794.14	701.29	1,040	696.55
Accrued Expenses	36.33	66.03	57.53	48.38	44.86	36.47
Short-Term Debt	2,132	1,504	1,447	1,338	829.19	1,061
Current Portion of Long-Term Debt	443.9	959.69	453.4	503.15	38.3	-
Current Income Taxes Payable	6.96	0.02	1.4	0.39	10.95	3.4
Current Unearned Revenue	41.38	40.14	31.7	20.87	22.58	17.86
Other Current Liabilities	11.82	8.56	7.15	12.24	6.08	26.94
Total Current Liabilities	3,544	3,356	2,792	2,624	1,992	1,842
Long-Term Debt	1,059	877.49	1,404	678.56	822.67	500
Long-Term Unearned Revenue	257.61	235.76	181.58	59.32	8.23	11.92
Long-Term Deferred Tax Liabilities	0.86	1.09	1.16	1.07	1.29	1.11
Other Long-Term Liabilities	-	0.24	33.37	106.54	-	-
Total Liabilities	4,862	4,470	4,412	3,470	2,824	2,355
Common Stock	649.59	649.59	649.59	649.59	649.59	653.9
Additional Paid-In Capital	2,140	2,140	2,140	2,141	2,142	2,149
Retained Earnings	1,613	1,582	1,542	1,789	1,846	1,713
Treasury Stock	-120	-120	-100	-	-	-17.89
Comprehensive Income & Other	-1.24	-1.82	-2.94	-1.32	-0.37	0.6
Total Common Equity	4,281	4,250	4,228	4,579	4,637	4,498
Minority Interest	-	-	-	2.36	12.63	11.43
Shareholders' Equity	4,281	4,250	4,228	4,581	4,650	4,510
Total Liabilities & Equity	9,143	8,720	8,641	8,050	7,474	6,865
Total Debt	3,635	3,342	3,304	2,519	1,690	1,561
Net Cash (Debt)	-3,004	-2,684	-2,678	-1,844	-639.87	-453.77
Net Cash Per Share	-4.80	-4.29	-4.20	-2.84	-0.98	-0.69
Filing Date Shares Outstanding	624.87	624.87	628.87	649.59	649.59	653.9
Total Common Shares Outstanding	624.87	624.87	628.87	649.59	649.59	653.9
Working Capital	-233.28	-411.61	182.1	568.91	1,250	1,272
Book Value Per Share	6.85	6.80	6.72	7.05	7.14	6.88
Tangible Book Value	3,987	3,951	3,946	4,304	4,407	4,318
Tangible Book Value Per Share	6.38	6.32	6.28	6.63	6.78	6.60
Buildings	-	2,814	2,363	2,243	2,080	1,632
Machinery	-	3,993	2,826	3,024	2,740	2,244
Construction In Progress	-	569.43	1,746	1,009	673.26	852.85

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