SHE:002395 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	481.79	445.96	261.85	293.79	293.84	269.68
Cash & Short-Term Investments	481.79	445.96	261.85	293.79	293.84	269.68
Cash Growth	53.36%	70.31%	-10.87%	-0.02%	8.96%	-46.90%
Accounts Receivable	486.78	435.28	465.23	359.45	344.57	376.07
Other Receivables	0.52	25.2	78.87	0.66	-	-
Receivables	487.29	460.48	544.1	360.11	344.57	376.07
Inventory	374.49	365.56	302	298.66	252.31	372.94
Other Current Assets	94.29	41.02	56.36	49.69	116.6	157.94
Total Current Assets	1,438	1,313	1,164	1,002	1,007	1,177
Property, Plant & Equipment	952.13	970.69	958.51	898.13	676.28	666.99
Long-Term Investments	-	-	-	-	-	60
Other Intangible Assets	120.33	121.09	124.09	127.14	71.05	107.66
Long-Term Deferred Tax Assets	8.03	8.12	7.37	15.39	15.56	8.08
Long-Term Deferred Charges	9.4	9.1	8.22	6.24	6.48	6.74
Other Long-Term Assets	6.56	4.25	12.96	223.82	260.63	38.76
Total Assets	2,534	2,426	2,275	2,273	2,037	2,065
Accounts Payable	266.62	271.74	286.48	295.23	299.18	439.7
Accrued Expenses	17.09	27.18	29.55	21.43	17.72	20.02
Short-Term Debt	63.04	65.2	99.73	112.75	89.09	102.06
Current Portion of Leases	-	0.8	0.77	0.53	0.27	0.25
Current Income Taxes Payable	5.62	3.21	18.16	1.62	1.31	-
Current Unearned Revenue	74.12	46.89	34.34	29.5	26.34	58.34
Other Current Liabilities	375.24	304.55	273.02	259.35	146.39	265.14
Total Current Liabilities	802.54	719.58	742.05	720.42	580.29	885.51
Long-Term Leases	5.22	5.43	6.23	3.12	2.26	2.53
Long-Term Unearned Revenue	167.4	172.39	159.45	131.25	92.95	30.51
Long-Term Deferred Tax Liabilities	6.6	6.79	7.64	0.87	-	-
Other Long-Term Liabilities	-	-	-	502.47	502.47	241.5
Total Liabilities	981.75	904.19	915.37	1,358	1,178	1,160
Common Stock	268.21	268.21	268.21	268.21	268.21	268.21
Additional Paid-In Capital	337.91	337.91	337.91	337.91	337.91	337.91
Retained Earnings	945.73	915.97	753.96	308.72	253.23	298.68
Total Common Equity	1,553	1,522	1,360	914.84	859.35	904.81
Shareholders' Equity	1,553	1,522	1,360	914.84	859.35	904.81
Total Liabilities & Equity	2,534	2,426	2,275	2,273	2,037	2,065
Total Debt	69.07	71.43	106.73	116.4	91.61	104.84
Net Cash (Debt)	412.72	374.53	155.12	177.39	202.23	164.84
Net Cash Growth	90.19%	141.44%	-12.55%	-12.28%	22.68%	-63.19%
Net Cash Per Share	1.54	1.40	0.58	0.66	0.75	0.61
Filing Date Shares Outstanding	268.21	268.21	268.21	268.21	268.21	268.21
Total Common Shares Outstanding	268.21	268.21	268.21	268.21	268.21	268.21
Working Capital	635.33	593.45	422.26	281.83	427.03	291.12
Book Value Per Share	5.79	5.68	5.07	3.41	3.20	3.37
Tangible Book Value	1,432	1,401	1,236	787.7	788.3	797.15
Tangible Book Value Per Share	5.34	5.22	4.61	2.94	2.94	2.97
Buildings	-	371.56	368.96	270.87	267.62	142.44
Machinery	-	993.32	920.7	639.86	595.15	600.01
Construction In Progress	-	41.04	2.19	273.82	31.55	422.8

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