SHE:002427 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	287.93	356.49	351.92	240.76	86.51	65.88
Cash & Short-Term Investments	287.93	356.49	351.92	240.76	86.51	65.88
Cash Growth	-13.09%	1.30%	46.17%	178.31%	31.32%	-66.20%
Accounts Receivable	512.65	523.85	571.9	622.79	633.33	649.5
Other Receivables	48.8	40.66	40.21	180.68	190.66	977.3
Receivables	561.45	564.5	612.11	803.46	823.99	1,627
Inventory	270.88	302.74	272.35	273.2	233.14	305.03
Prepaid Expenses	-	-	2.53	2.52	2.52	2.54
Other Current Assets	186.76	119.11	106.3	91.66	120.21	127.53
Total Current Assets	1,307	1,343	1,345	1,412	1,266	2,128
Property, Plant & Equipment	828.84	844.5	920.98	866.67	1,002	1,837
Long-Term Investments	-	-	-	-	-	0.4
Goodwill	-	-	-	-	-	121.77
Other Intangible Assets	96.23	97.15	99.2	101.79	109.66	239.63
Long-Term Deferred Tax Assets	90.38	89.98	88.28	90.86	90.19	71.29
Long-Term Deferred Charges	5.62	5.97	7.39	8.82	10.24	7.92
Other Long-Term Assets	34.06	34.25	29.13	24.56	2.04	15.8
Total Assets	2,362	2,415	2,490	2,504	2,480	4,422
Accounts Payable	95.12	117.52	139.37	132.65	129	827.16
Accrued Expenses	45.92	51.47	56.57	57.29	68.36	884.67
Short-Term Debt	261.75	328.45	383.39	287.88	134.88	1,781
Current Portion of Long-Term Debt	6.76	13.74	0.4	25.61	1	918.78
Current Portion of Leases	-	-	-	-	-	291.35
Current Income Taxes Payable	9.94	16.74	6.18	6.11	6.01	5.84
Current Unearned Revenue	97.37	75.29	94.87	49.97	88.88	137.95
Other Current Liabilities	207.83	168.84	209.58	357.16	293.51	312.54
Total Current Liabilities	724.7	772.04	890.36	916.67	721.63	5,159
Long-Term Debt	439.49	424.49	384.49	376.59	446.19	555
Long-Term Leases	-	-	91.82	-	-	-
Long-Term Unearned Revenue	16.14	16.33	2.85	3.85	5.34	7.08
Long-Term Deferred Tax Liabilities	6.53	6.53	10.69	14.8	18.5	29.77
Other Long-Term Liabilities	228.43	228.43	181.24	236.79	239.79	25.7
Total Liabilities	1,415	1,448	1,561	1,549	1,431	5,776
Common Stock	985.43	985.43	985.43	985.43	985.43	437.97
Additional Paid-In Capital	1,888	1,888	1,888	1,888	1,888	550.01
Retained Earnings	-1,927	-1,907	-1,945	-1,918	-1,825	-2,342
Comprehensive Income & Other	0.16	0.16	0.16	0.16	0.16	0.16
Total Common Equity	946.61	966.66	928.63	955.56	1,049	-1,354
Minority Interest	0.25	0.23	0.12	0.03	0.21	-0.7
Shareholders' Equity	946.86	966.89	928.75	955.59	1,049	-1,355
Total Liabilities & Equity	2,362	2,415	2,490	2,504	2,480	4,422
Total Debt	708.01	766.68	860.1	690.08	582.07	3,546
Net Cash (Debt)	-420.08	-410.19	-508.19	-449.32	-495.56	-3,480
Net Cash Per Share	-0.44	-0.43	-0.57	-0.43	-0.50	-7.95
Filing Date Shares Outstanding	983.05	849.7	985.43	985.43	985.43	437.97
Total Common Shares Outstanding	983.05	849.7	985.43	985.43	985.43	437.97
Working Capital	582.31	570.81	454.86	494.92	544.74	-3,031
Book Value Per Share	0.96	1.14	0.94	0.97	1.06	-3.09
Tangible Book Value	850.38	869.51	829.43	853.77	939.11	-1,715
Tangible Book Value Per Share	0.87	1.02	0.84	0.87	0.95	-3.92
Buildings	-	-	642.01	642.39	642.39	978.38
Machinery	-	-	2,021	2,004	2,002	2,399
Construction In Progress	-	-	212.93	66.88	47.76	242.96

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