SHE:002451 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	163.12	324.76	129.42	140.73	95.55	72.01
Trading Asset Securities	-	11.34	21.42	-	26.87	16.21
Cash & Short-Term Investments	163.12	336.1	150.84	140.73	122.43	88.23
Cash Growth	-22.87%	122.82%	7.18%	14.95%	38.76%	5.48%
Accounts Receivable	781.26	855.46	738.77	717.01	764.76	559.76
Other Receivables	13.4	8.11	12.69	21.82	39.11	62.64
Receivables	794.66	863.56	751.47	738.83	803.87	622.4
Inventory	167.5	142.29	166.01	155.31	153.36	145.57
Other Current Assets	168.15	21.28	16.3	29.32	11.18	16.9
Total Current Assets	1,293	1,363	1,085	1,064	1,091	873.09
Property, Plant & Equipment	495.89	474.12	434.35	369.64	321.42	283.92
Long-Term Investments	23.56	23.66	22.4	28.28	38.56	54.14
Other Intangible Assets	32.38	32.75	34.22	33.89	33.86	35.13
Long-Term Deferred Tax Assets	21	18.17	20.62	16.65	19.58	12.11
Long-Term Deferred Charges	1.88	2.06	1.87	0.38	0.59	0.64
Other Long-Term Assets	133.07	138.64	137.25	138.97	144.36	151.15
Total Assets	2,001	2,053	1,735	1,652	1,649	1,410
Accounts Payable	64.37	56.68	74.83	52.72	56.25	73.3
Accrued Expenses	12.52	13.83	16.5	17.28	19.13	24.98
Short-Term Debt	765.49	814.52	404.28	365.66	435.13	354.05
Current Portion of Long-Term Debt	8.4	4.32	132.75	32.25	8.63	-
Current Portion of Leases	-	3.48	2.72	1.21	1.9	1.9
Current Income Taxes Payable	4.17	0.41	2.26	0.53	4.76	0.77
Current Unearned Revenue	8.29	7.45	15.02	13.71	16.59	15.15
Other Current Liabilities	73.68	106.74	159.87	103.27	99.19	46.77
Total Current Liabilities	936.92	1,007	808.23	586.65	641.57	516.93
Long-Term Debt	87.73	63.73	20.15	164.23	103.9	-
Long-Term Leases	18.06	18.84	16.3	17.19	17.35	19.43
Long-Term Unearned Revenue	19.31	19.31	20.88	24.74	28.82	32.89
Long-Term Deferred Tax Liabilities	2.23	2.28	2.77	3.2	6.78	4.87
Total Liabilities	1,064	1,112	868.32	796.01	798.42	574.12
Common Stock	440.67	440.67	439.2	439.2	439.2	439.2
Additional Paid-In Capital	72.73	72.39	68.41	68.41	68.41	68.41
Retained Earnings	247.26	267.56	261.37	244.49	228.33	210.1
Treasury Stock	-4.88	-4.88	-	-	-	-
Comprehensive Income & Other	15.97	-2.54	-4.04	3.34	11.41	26.86
Total Common Equity	771.75	773.19	764.95	755.45	747.35	744.57
Minority Interest	165.21	167.86	102.06	100.54	103.42	91.49
Shareholders' Equity	936.96	941.06	867.01	855.99	850.77	836.06
Total Liabilities & Equity	2,001	2,053	1,735	1,652	1,649	1,410
Total Debt	879.68	904.89	576.19	580.54	566.91	375.38
Net Cash (Debt)	-716.56	-568.79	-425.35	-439.81	-444.48	-287.15
Net Cash Per Share	-1.51	-1.30	-0.95	-1.09	-0.91	-0.67
Filing Date Shares Outstanding	595.26	440.67	439.2	439.2	439.2	439.2
Total Common Shares Outstanding	595.26	440.67	439.2	439.2	439.2	439.2
Working Capital	356.51	355.81	276.39	477.55	449.25	356.16
Book Value Per Share	1.30	1.75	1.74	1.72	1.70	1.70
Tangible Book Value	739.37	740.44	730.72	721.56	713.49	709.44
Tangible Book Value Per Share	1.24	1.68	1.66	1.64	1.62	1.62
Buildings	-	266.76	266.76	273.48	266.76	266.76
Machinery	-	387.46	359.64	286.39	241.39	227.77
Construction In Progress	-	142.43	122.49	90.61	64.93	9.85

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