SHE:002469 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	562.39	598.34	474.14	1,120	1,075	1,373
Short-Term Investments	-	365.47	633.66	261.11	180.96	-
Trading Asset Securities	-	-	251.63	100.4	200.21	-
Cash & Short-Term Investments	562.39	963.81	1,359	1,481	1,457	1,373
Cash Growth	-47.00%	-29.10%	-8.23%	1.70%	6.05%	-4.85%
Accounts Receivable	652.96	664.78	441.71	531.14	598.72	872.33
Other Receivables	19.01	13.15	14.67	16.86	24.55	13.46
Receivables	671.97	677.92	456.38	548	623.26	885.79
Inventory	314.84	298.75	243.74	200.54	178.56	139.66
Other Current Assets	1,009	119.27	112.73	40.96	140.37	111.21
Total Current Assets	2,559	2,060	2,172	2,271	2,399	2,510
Property, Plant & Equipment	543.53	555.35	544.51	576.93	557.25	583.18
Long-Term Investments	428.18	966.79	767.58	484.17	235.87	1.38
Goodwill	-	-	-	19.25	19.25	19.25
Other Intangible Assets	93.04	94.91	102.42	108.94	107.48	120.23
Long-Term Deferred Tax Assets	19.82	20.3	19.8	19.74	18.59	19.83
Long-Term Deferred Charges	-	-	-	-	-	0.09
Other Long-Term Assets	5.3	3.9	20.08	1.97	9.14	12.82
Total Assets	3,649	3,701	3,627	3,482	3,346	3,267
Accounts Payable	451.45	524.95	307.16	257.99	305.13	278.66
Accrued Expenses	12.78	32.8	55.97	44.45	46.32	57.22
Short-Term Debt	130.97	120.97	150	-	-	-
Current Portion of Leases	-	18.67	17.72	17.67	16.69	16.01
Current Income Taxes Payable	16.83	10.67	22.69	17.86	9.87	13
Current Unearned Revenue	155.15	120.36	110.81	158.85	116.12	140.68
Other Current Liabilities	29.82	33.16	20.66	31.64	26.64	53.03
Total Current Liabilities	818.12	861.58	685.01	528.45	520.78	558.59
Long-Term Leases	38.34	43.65	57.05	70.79	81.72	90.4
Long-Term Unearned Revenue	4.15	4.15	-	-	-	-
Long-Term Deferred Tax Liabilities	5.71	6.38	7.55	9.95	12.63	15.06
Other Long-Term Liabilities	7.47	8.03	9.75	11.81	15.1	18.19
Total Liabilities	873.8	923.8	759.36	621.01	630.23	682.24
Common Stock	648.86	648.86	648.86	648.86	648.86	648.86
Additional Paid-In Capital	645.72	645.72	645.72	645.72	645.72	645.72
Retained Earnings	1,338	1,339	1,413	1,409	1,289	1,178
Comprehensive Income & Other	17.93	15.77	17.12	14.09	11.44	8.21
Total Common Equity	2,651	2,650	2,724	2,718	2,595	2,480
Minority Interest	123.86	127.39	143.1	142.73	120.58	104.25
Shareholders' Equity	2,775	2,777	2,867	2,861	2,716	2,585
Total Liabilities & Equity	3,649	3,701	3,627	3,482	3,346	3,267
Total Debt	190.44	183.29	224.78	88.46	98.41	106.41
Net Cash (Debt)	371.95	780.52	1,135	1,393	1,358	1,267
Net Cash Growth	-62.40%	-31.21%	-18.54%	2.56%	7.19%	-12.22%
Net Cash Per Share	0.58	1.21	1.73	2.12	2.08	1.95
Filing Date Shares Outstanding	642.07	648.86	648.86	648.86	648.86	648.86
Total Common Shares Outstanding	642.07	648.86	648.86	648.86	648.86	648.86
Working Capital	1,741	1,198	1,487	1,742	1,878	1,951
Book Value Per Share	4.13	4.08	4.20	4.19	4.00	3.82
Tangible Book Value	2,558	2,555	2,622	2,590	2,469	2,341
Tangible Book Value Per Share	3.98	3.94	4.04	3.99	3.80	3.61
Buildings	-	337.54	337.54	337.39	331.88	331.89
Machinery	-	840.07	749.71	744.12	633.02	643.33
Construction In Progress	-	4.6	37.01	11.04	44.61	5.37

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