SHE:002453 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	141.16	202.97	292.73	205.75	445.13	417.21
Short-Term Investments	-	-	16.67	89.83	211.89	64.68
Trading Asset Securities	60.15	45.14	155.02	91.37	147.89	125.56
Cash & Short-Term Investments	201.3	248.11	464.42	386.95	804.91	607.45
Cash Growth	-51.26%	-46.58%	20.02%	-51.93%	32.51%	188.45%
Accounts Receivable	168.6	170.35	198.5	326.84	461.71	645.69
Other Receivables	17.44	26.83	15.07	93.09	221.3	148.62
Receivables	186.03	197.19	213.57	419.92	683.02	794.31
Inventory	144.52	185.79	250.99	274.05	291.02	393.37
Other Current Assets	51.43	142.5	31.02	62.88	60.06	90.67
Total Current Assets	583.29	773.58	959.99	1,144	1,839	1,886
Property, Plant & Equipment	415.16	419.69	431.01	501.43	487.68	522.89
Long-Term Investments	6.26	6.26	5.9	6.81	5.81	5.31
Goodwill	-	-	-	46.86	232.38	730.41
Other Intangible Assets	94.48	96.04	111.68	125.31	130.56	151.3
Long-Term Accounts Receivable	-	-	-	-	-	3.53
Long-Term Deferred Tax Assets	45.95	43.87	63.93	71.41	63.4	58.36
Long-Term Deferred Charges	3.75	4.03	8.09	29.44	48.57	41.57
Other Long-Term Assets	112.99	16.83	117.6	123.49	297.43	27.16
Total Assets	1,262	1,360	1,698	2,049	3,105	3,426
Accounts Payable	157.45	247.53	190.56	222.64	216.16	393.89
Accrued Expenses	9.4	10.76	15.61	19.67	32.95	54.24
Short-Term Debt	82.72	136.75	271.95	242.85	881.79	489.56
Current Portion of Long-Term Debt	3.27	4.34	-	-	-	10.06
Current Portion of Leases	-	-	4.67	3.43	2.35	17.78
Current Income Taxes Payable	2.24	2.1	-	-	16.8	20.19
Current Unearned Revenue	65.57	62.82	63.34	66.7	72.89	78.85
Other Current Liabilities	147.75	64.32	68.59	145.17	196.15	176.46
Total Current Liabilities	468.38	528.62	614.73	700.47	1,419	1,241
Long-Term Debt	9.99	9.99	-	-	-	30
Long-Term Leases	6.41	7.41	0.93	5.12	2.15	17.27
Long-Term Unearned Revenue	0.88	0.93	1.8	3.7	2.35	2.72
Long-Term Deferred Tax Liabilities	11.33	9.33	11.63	10.76	13.59	19.45
Other Long-Term Liabilities	1.77	1.74	4.61	8.95	0.55	0.6
Total Liabilities	498.76	558.03	633.7	729	1,438	1,311
Common Stock	812.37	812.37	812.37	812.37	883.24	944.22
Additional Paid-In Capital	1,388	1,388	1,388	1,326	1,420	1,569
Retained Earnings	-1,469	-1,431	-1,173	-885.15	-708.78	-524
Comprehensive Income & Other	14.38	14.44	14.1	8.89	6.3	2.94
Total Common Equity	746.13	784.49	1,042	1,262	1,601	1,993
Minority Interest	17.01	17.79	22.36	57.3	66.49	122.73
Shareholders' Equity	763.14	802.27	1,065	1,320	1,667	2,115
Total Liabilities & Equity	1,262	1,360	1,698	2,049	3,105	3,426
Total Debt	102.39	158.5	277.55	251.4	886.29	564.67
Net Cash (Debt)	98.92	89.61	186.86	135.55	-81.37	42.78
Net Cash Growth	-40.49%	-52.04%	37.86%	-	-	-
Net Cash Per Share	0.12	0.11	0.23	0.16	-0.09	0.05
Filing Date Shares Outstanding	813.06	788.49	812.37	812.37	883.24	944.22
Total Common Shares Outstanding	813.06	788.49	812.37	812.37	883.24	944.22
Working Capital	114.91	244.96	345.26	443.33	419.92	644.76
Book Value Per Share	0.92	0.99	1.28	1.55	1.81	2.11
Tangible Book Value	651.65	688.45	930.46	1,090	1,238	1,111
Tangible Book Value Per Share	0.80	0.87	1.15	1.34	1.40	1.18
Buildings	-	-	250.9	325.41	317.4	316.19
Machinery	-	-	331.47	442.74	448.78	485.87
Construction In Progress	-	-	183.47	161.63	126.67	99.5

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