SHE:002445 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	84.86	81.96	115.59	65.69	179.11	374.06
Trading Asset Securities	1,090	1,183	1,093	926.24	955.3	517.17
Cash & Short-Term Investments	1,175	1,265	1,208	991.94	1,134	891.23
Cash Growth	5.53%	4.71%	21.82%	-12.56%	27.29%	240.10%
Accounts Receivable	458.97	503.81	394.24	435.03	346.75	262.3
Other Receivables	69.26	38.37	48.8	30.09	15.93	51.3
Receivables	528.23	542.19	443.04	465.12	362.68	313.6
Inventory	432.57	428.46	379.83	337.25	195.78	215.58
Other Current Assets	133.15	26.39	56.79	40.27	44.06	42.83
Total Current Assets	2,269	2,262	2,088	1,835	1,737	1,463
Property, Plant & Equipment	426.74	423.81	390.86	302.4	272.59	303.13
Long-Term Investments	143.67	180.78	270.5	388.17	522.9	705.74
Other Intangible Assets	48.41	48.82	48.67	50.01	51.32	52.63
Long-Term Deferred Tax Assets	5.22	6.66	24.04	33.38	54.56	86.47
Long-Term Deferred Charges	3.31	3.35	0.31	0.39	0.23	-
Other Long-Term Assets	36.37	38.81	40.35	38.51	42.18	39.7
Total Assets	2,933	2,965	2,863	2,647	2,681	2,651
Accounts Payable	217.59	268.63	234.52	99.01	58.09	50.02
Accrued Expenses	13.15	34.61	37.2	32.26	37.63	26.03
Current Portion of Long-Term Debt	27.51	11.85	6.04	1.56	-	-
Current Portion of Leases	-	15.3	13.03	0.22	0.83	0.76
Current Income Taxes Payable	6.55	1.63	2.99	0	-	0
Current Unearned Revenue	59.47	60.47	69.66	142.57	38.37	38.84
Other Current Liabilities	103.96	99.7	113.28	121.68	312.36	301.47
Total Current Liabilities	428.23	492.18	476.71	397.29	447.28	417.14
Long-Term Debt	102.05	97.75	49.68	14.48	-	-
Long-Term Leases	2.1	4.73	16.93	-	0.22	1.04
Long-Term Deferred Tax Liabilities	4.94	5.83	23.52	33.38	54.56	86.47
Other Long-Term Liabilities	3.29	5.19	9.4	5.91	230.77	241.04
Total Liabilities	540.62	605.68	576.24	451.06	732.82	745.69
Common Stock	2,377	2,377	2,392	2,392	2,392	2,392
Additional Paid-In Capital	2,222	2,222	2,237	2,237	2,140	2,140
Retained Earnings	-2,319	-2,346	-2,420	-2,478	-2,606	-2,634
Treasury Stock	-	-	-12.8	-	-	-
Comprehensive Income & Other	5.93	5.42	4.8	4.38	3.26	2.24
Total Common Equity	2,285	2,258	2,200	2,155	1,928	1,900
Minority Interest	107.69	101.03	86.23	41.06	19.58	5.67
Shareholders' Equity	2,392	2,359	2,287	2,196	1,948	1,905
Total Liabilities & Equity	2,933	2,965	2,863	2,647	2,681	2,651
Total Debt	131.67	129.61	85.67	16.25	1.04	1.8
Net Cash (Debt)	1,044	1,136	1,123	975.68	1,133	889.42
Net Cash Growth	1.71%	1.16%	15.07%	-13.91%	27.43%	239.41%
Net Cash Per Share	0.41	0.46	0.39	0.38	0.41	0.39
Filing Date Shares Outstanding	2,633	2,377	2,392	2,392	2,392	2,392
Total Common Shares Outstanding	2,633	2,377	2,392	2,392	2,392	2,392
Working Capital	1,841	1,770	1,611	1,437	1,290	1,046
Book Value Per Share	0.87	0.95	0.92	0.90	0.81	0.79
Tangible Book Value	2,236	2,209	2,152	2,105	1,877	1,847
Tangible Book Value Per Share	0.85	0.93	0.90	0.88	0.78	0.77
Buildings	-	346.68	346.68	346.68	346.68	354.26
Machinery	-	238.04	232.99	223.13	224.38	227.63
Construction In Progress	-	1.73	33.85	9.25	3.96	-

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