SHE:002514 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	14.66	17.57	51.55	88.62	233.93	85.58
Trading Asset Securities	-	-	4.5	4.5	4.5	4.5
Cash & Short-Term Investments	14.66	17.57	56.05	93.12	238.43	90.08
Cash Growth	-58.86%	-68.65%	-39.81%	-60.95%	164.69%	-24.63%
Accounts Receivable	161.89	155.08	286.77	521.4	454.89	318.04
Other Receivables	5.3	5.03	46.37	14.86	12.04	34.81
Receivables	167.19	160.11	333.14	536.25	466.93	352.85
Inventory	145.92	138.98	105.52	326.3	137.95	173.61
Other Current Assets	100.24	102.19	111.33	154.56	56.53	69.23
Total Current Assets	428	418.85	606.04	1,110	899.84	685.76
Property, Plant & Equipment	850.02	905.49	1,021	984.93	635.07	575.66
Long-Term Investments	17.71	17.74	27.12	60.17	53.38	26.32
Other Intangible Assets	81.21	82.11	87.05	93.42	100.56	53.54
Long-Term Deferred Tax Assets	19.8	19.63	51.96	90.76	80.07	56.42
Long-Term Deferred Charges	1.62	1.78	17.52	23.18	4.27	2.29
Other Long-Term Assets	55.28	58.49	66	532.33	570.07	6.06
Total Assets	1,454	1,504	1,877	2,895	2,343	1,406
Accounts Payable	275.34	272.46	367.91	532.28	297.64	300.71
Accrued Expenses	26.18	24.89	24.04	23.69	22.62	12.74
Short-Term Debt	354.07	357.83	372.07	505.65	321.84	262.46
Current Portion of Long-Term Debt	57.77	58.41	5.01	36.93	1.47	0.06
Current Portion of Leases	-	-	74.34	124.68	39.47	60.28
Current Income Taxes Payable	8.56	7.98	0.29	0.14	20.57	5.3
Current Unearned Revenue	23.28	20.66	14.38	23.08	5.81	4.75
Other Current Liabilities	167.77	161.78	145.86	22.72	57.75	23.38
Total Current Liabilities	912.95	904.01	1,004	1,269	767.17	669.68
Long-Term Debt	28.82	28.82	25.85	34.8	52.29	41.75
Long-Term Leases	10.14	11.33	74.98	159.79	46.48	50.09
Long-Term Unearned Revenue	-	-	48.57	52.18	49.92	-
Long-Term Deferred Tax Liabilities	0.03	0.03	0.15	3.54	2.08	0.69
Other Long-Term Liabilities	554.5	598.66	545.37	133.46	-	-
Total Liabilities	1,506	1,543	1,699	1,653	917.95	762.22
Common Stock	720.03	720.03	720.03	720.03	720.03	554.03
Additional Paid-In Capital	587.39	587.39	588.18	589.91	587.39	269.36
Retained Earnings	-1,348	-1,336	-1,121	-353.93	-155.95	-186.19
Comprehensive Income & Other	-12.07	-10.58	-9.35	-7.6	-8.23	-8.16
Total Common Equity	-52.8	-38.75	177.7	948.41	1,143	629.04
Minority Interest	-	-	-	293.69	282.06	14.8
Shareholders' Equity	-52.8	-38.75	177.7	1,242	1,425	643.84
Total Liabilities & Equity	1,454	1,504	1,877	2,895	2,343	1,406
Total Debt	450.79	456.38	552.25	861.85	461.56	414.65
Net Cash (Debt)	-436.13	-438.81	-496.2	-768.73	-223.13	-324.57
Net Cash Per Share	-0.61	-0.61	-0.69	-1.07	-0.36	-0.59
Filing Date Shares Outstanding	721.35	719.36	720.03	720.03	720.03	554.03
Total Common Shares Outstanding	721.35	719.36	720.03	720.03	720.03	554.03
Working Capital	-484.95	-485.16	-397.86	-158.93	132.67	16.08
Book Value Per Share	-0.07	-0.05	0.25	1.32	1.59	1.14
Tangible Book Value	-134.01	-120.86	90.65	854.99	1,043	575.5
Tangible Book Value Per Share	-0.19	-0.17	0.13	1.19	1.45	1.04
Buildings	-	-	238.09	238.09	238.09	238.09
Machinery	-	-	293.11	274.15	199.53	182.94
Construction In Progress	-	-	675.28	504.82	114.54	2.25

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