SHE:002520 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	401.04	-	326.64	330.66	1,108	883.92
Trading Asset Securities	-	-	1.2	3.67	47.09	363
Cash & Short-Term Investments	401.04	-	327.84	334.34	1,155	1,247
Cash Growth	20.61%	-	-1.94%	-71.05%	-7.37%	195.23%
Accounts Receivable	313.49	-	356.28	509.73	523.09	566.37
Other Receivables	3.3	-	4.01	4.33	2.18	5.58
Receivables	316.79	-	360.29	514.06	525.27	571.95
Inventory	767.02	-	1,131	1,219	1,155	986.74
Other Current Assets	33.51	-	88.51	68.19	61.13	71.92
Total Current Assets	1,518	-	1,907	2,136	2,896	2,878
Property, Plant & Equipment	172.1	-	1,171	1,782	2,477	3,509
Long-Term Investments	-	-	37.73	44.3	86.66	16.66
Goodwill	-	-	-	26.26	26.26	602.33
Other Intangible Assets	59.9	-	85.53	90.85	105.72	128.25
Long-Term Deferred Tax Assets	25.08	-	22.65	67.86	287.53	65.76
Long-Term Deferred Charges	-	-	2.82	-	-	-
Other Long-Term Assets	63.78	-	73.07	79.81	78.25	79.51
Total Assets	1,839	-	3,300	4,227	5,958	7,279
Accounts Payable	247.33	-	390.66	480.97	409.05	451.47
Accrued Expenses	4.51	-	108.52	76.67	108.68	87.36
Short-Term Debt	304.06	-	478.89	613.27	330.6	348.55
Current Portion of Long-Term Debt	209.17	-	882.95	890.09	711.74	294.79
Current Portion of Leases	-	-	17.82	41.53	40.69	25.71
Current Income Taxes Payable	9.27	-	3.64	2.45	21.28	60.11
Current Unearned Revenue	525.81	-	564.15	593.44	545.83	279.69
Other Current Liabilities	182.96	-	161.38	96.68	160.83	194
Total Current Liabilities	1,483	-	2,608	2,795	2,329	1,742
Long-Term Debt	-	-	54.59	26.19	898.16	1,513
Long-Term Leases	-	-	26.58	40.62	78.21	52.66
Long-Term Unearned Revenue	60.08	-	41.04	35.04	45.31	37.27
Long-Term Deferred Tax Liabilities	-	-	-	7.42	4.86	75.09
Other Long-Term Liabilities	-	-	46.46	57.64	392.15	346.72
Total Liabilities	1,543	-	2,777	2,962	3,747	3,766
Common Stock	750.25	-	750.25	800.25	800.25	862.9
Additional Paid-In Capital	2,377	-	2,399	2,349	2,349	2,396
Retained Earnings	-2,788	-	-2,613	-1,938	-1,035	494.9
Treasury Stock	-50.02	-	-50.02	-	-	-109.96
Comprehensive Income & Other	6.28	-	34.79	51.37	94.91	-134.85
Total Common Equity	296.03	-	521.1	1,263	2,209	3,509
Minority Interest	-	-	2.19	1.72	0.96	3.57
Shareholders' Equity	296.03	-	523.29	1,265	2,210	3,513
Total Liabilities & Equity	1,839	-	3,300	4,227	5,958	7,279
Total Debt	513.24	-	1,461	1,612	2,059	2,234
Net Cash (Debt)	-112.19	-	-1,133	-1,277	-904.39	-987.54
Net Cash Per Share	-0.15	-	-1.43	-1.60	-1.08	-1.36
Filing Date Shares Outstanding	751.62	732.77	738.13	800.25	800.25	847.9
Total Common Shares Outstanding	751.62	732.77	738.13	800.25	800.25	847.9
Working Capital	35.24	-	-700.81	-659.34	567.79	1,136
Book Value Per Share	0.39	-	0.71	1.58	2.76	4.14
Tangible Book Value	236.13	-	435.58	1,146	2,078	2,779
Tangible Book Value Per Share	0.31	-	0.59	1.43	2.60	3.28
Buildings	-	-	514.41	488.46	501.91	442.63
Machinery	-	-	2,260	2,746	2,666	4,129
Construction In Progress	-	-	58.07	171.98	354.57	294.7

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