SHE:002428 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	442.44	402.96	519.73	71	132.01	109.93
Cash & Short-Term Investments	442.44	402.96	519.73	71	132.01	109.93
Cash Growth	-32.78%	-22.47%	632.01%	-46.22%	20.08%	-20.96%
Accounts Receivable	519.31	455.77	313.84	327.33	178.91	176.38
Other Receivables	6.47	11.84	14.56	6.5	1.62	3.87
Receivables	525.78	467.61	328.4	333.82	180.53	180.25
Inventory	745.02	828.53	691.36	468.32	413.51	437.69
Other Current Assets	102.43	65.3	51.53	39.49	39.53	54.85
Total Current Assets	1,816	1,764	1,591	912.63	765.59	782.72
Property, Plant & Equipment	1,017	1,017	1,035	1,094	1,153	1,140
Other Intangible Assets	466.28	468.69	433.85	438.89	364.34	366.7
Long-Term Deferred Tax Assets	72.24	72.83	59.69	64.8	59.06	39.76
Long-Term Deferred Charges	48.25	46.72	54.69	63.95	60.41	14.06
Other Long-Term Assets	66.06	38.84	2.86	5.43	11.47	5.43
Total Assets	3,486	3,409	3,177	2,579	2,414	2,349
Accounts Payable	249.11	265.06	206.34	150.31	56.23	77.37
Accrued Expenses	10.32	17.93	16.73	6.26	6.11	4.49
Short-Term Debt	85.76	412.91	309.84	317.47	345.03	339.99
Current Portion of Long-Term Debt	20.56	124.76	173.3	206.35	103.63	45.87
Current Portion of Leases	-	0.7	0.67	0.64	0.61	0.58
Current Income Taxes Payable	15.84	-	3.32	-	5.84	11.19
Current Unearned Revenue	12.71	1.59	8.3	3.2	8.06	1.01
Other Current Liabilities	22.21	121.98	129.14	38.11	15.97	4.85
Total Current Liabilities	416.52	944.94	847.64	722.35	541.47	485.35
Long-Term Debt	823.2	253.4	181.6	121.73	152.24	136.77
Long-Term Leases	2.99	50.64	106.19	24.35	5.17	5.78
Long-Term Unearned Revenue	196.63	183.68	203.15	207.24	221.71	172.37
Long-Term Deferred Tax Liabilities	3.42	3.49	3.84	4.04	4.74	3.4
Other Long-Term Liabilities	503.97	449.33	326.55	-	-	-
Total Liabilities	1,947	1,885	1,669	1,080	925.33	803.67
Common Stock	653.12	653.12	653.12	653.12	653.12	653.12
Additional Paid-In Capital	333.46	333.46	330.6	331.17	331.17	331.17
Retained Earnings	472.97	463.86	463.31	423.28	416.3	478.67
Comprehensive Income & Other	9.65	8.68	8.57	8.46	7.38	7.18
Total Common Equity	1,469	1,459	1,456	1,416	1,408	1,470
Minority Interest	69.58	64.23	52.84	83.51	80.55	75.08
Shareholders' Equity	1,539	1,523	1,508	1,500	1,489	1,545
Total Liabilities & Equity	3,486	3,409	3,177	2,579	2,414	2,349
Total Debt	932.51	842.41	771.6	670.54	606.67	528.98
Net Cash (Debt)	-490.07	-439.46	-251.87	-599.54	-474.66	-419.04
Net Cash Per Share	-0.73	-0.65	-0.38	-0.86	-0.76	-0.60
Filing Date Shares Outstanding	650.51	653.12	653.12	653.12	653.12	653.12
Total Common Shares Outstanding	650.51	653.12	653.12	653.12	653.12	653.12
Working Capital	1,399	819.45	743.38	190.28	224.12	297.37
Book Value Per Share	2.26	2.23	2.23	2.17	2.16	2.25
Tangible Book Value	1,003	990.43	1,022	977.13	1,044	1,103
Tangible Book Value Per Share	1.54	1.52	1.56	1.50	1.60	1.69
Buildings	-	744.95	734.95	733.82	732.77	677.85
Machinery	-	1,119	1,093	1,076	1,057	974.86
Construction In Progress	-	97.99	65.3	58.42	53.78	89.81

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