SHE:002420 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	212.26	182.32	72.34	254.42	94.04	147.78
Trading Asset Securities	30	-	-	0.04	0.04	0.06
Cash & Short-Term Investments	242.26	182.32	72.34	254.46	94.08	147.84
Cash Growth	168.48%	152.03%	-71.57%	170.48%	-36.37%	-54.51%
Accounts Receivable	988.7	1,113	1,022	926.5	890.68	981
Other Receivables	64.57	125.58	3.98	5.29	1.78	0.92
Receivables	1,053	1,239	1,026	931.79	892.46	981.92
Inventory	375.04	372.85	362.94	224.47	286.05	269.59
Prepaid Expenses	-	-	-	-	-	0.22
Other Current Assets	41.77	36.46	44.55	42.41	37.47	36.77
Total Current Assets	1,712	1,830	1,506	1,453	1,310	1,436
Property, Plant & Equipment	440.03	438.42	471	431.51	453.94	337.41
Long-Term Investments	106.87	107.7	71.94	72.81	47.23	44.63
Goodwill	24.87	24.87	24.87	29.9	47.83	-
Other Intangible Assets	98.21	99.66	124.65	123.81	129.23	102.47
Long-Term Deferred Tax Assets	22.19	24.28	26.51	24.52	16.62	8.76
Long-Term Deferred Charges	62.43	56.26	59.74	39.22	35.97	26.62
Other Long-Term Assets	82.41	79.92	90.71	111.06	49.34	23.65
Total Assets	2,549	2,661	2,376	2,286	2,090	1,980
Accounts Payable	774.74	810.69	854.83	793.71	779.28	826.62
Accrued Expenses	34.53	73.65	63.86	72.03	44.51	68.27
Short-Term Debt	358.11	415.7	371.12	453.23	255.95	254.82
Current Portion of Long-Term Debt	7.17	3.05	18.02	-	-	4.82
Current Portion of Leases	-	4.66	6.13	4.22	4.55	-
Current Income Taxes Payable	17.65	4.91	3.83	2.41	3.52	3.01
Current Unearned Revenue	26.46	14.37	21.79	37.5	55.98	70.2
Other Current Liabilities	315.1	349.41	357.7	338.76	160.9	58.75
Total Current Liabilities	1,534	1,676	1,697	1,702	1,305	1,286
Long-Term Debt	69.2	68.88	34.86	32.51	2.04	-
Long-Term Leases	15.37	18.84	23.03	3.83	7.94	-
Long-Term Unearned Revenue	16.85	18.25	27.73	26.86	30.83	42.71
Long-Term Deferred Tax Liabilities	5.79	5.85	7.57	2.71	3.75	-
Other Long-Term Liabilities	61.03	54.73	5.86	13.49	13.78	4
Total Liabilities	1,702	1,843	1,796	1,781	1,363	1,333
Common Stock	411.29	411.29	408.84	401	401	401
Additional Paid-In Capital	848.57	845.3	825.68	808.96	807.94	807.94
Retained Earnings	-432.53	-451.17	-642.58	-737.27	-524.87	-566.85
Treasury Stock	-33.35	-33.35	-42.23	-	-	-
Total Common Equity	793.98	772.08	549.71	472.69	684.06	642.09
Minority Interest	53.37	46.21	29.66	32.03	43.12	4.59
Shareholders' Equity	847.35	818.3	579.37	504.72	727.18	646.68
Total Liabilities & Equity	2,549	2,661	2,376	2,286	2,090	1,980
Total Debt	449.86	511.14	453.16	493.78	270.48	259.64
Net Cash (Debt)	-207.6	-328.82	-380.82	-239.32	-176.4	-111.8
Net Cash Per Share	-0.52	-0.82	-0.97	-0.60	-0.42	-0.29
Filing Date Shares Outstanding	411.3	401.39	383.08	401	401	401
Total Common Shares Outstanding	411.3	401.39	383.08	401	401	401
Working Capital	178.57	153.73	-191	-248.72	5.38	149.85
Book Value Per Share	1.93	1.92	1.44	1.18	1.71	1.60
Tangible Book Value	670.9	647.55	400.19	318.98	507.01	539.62
Tangible Book Value Per Share	1.63	1.61	1.04	0.80	1.26	1.35
Buildings	-	321.7	422.45	392.52	357.95	347.76
Machinery	-	704.29	631.64	635.23	622.83	621.4
Construction In Progress	-	11.76	54.26	17.42	114.96	2.4

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