SHE:002524 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	46.26	48.65	67.69	91.06	65.41	58.32
Trading Asset Securities	-	-	-	-	-	31
Cash & Short-Term Investments	46.26	48.65	67.69	91.06	65.41	89.32
Cash Growth	-42.88%	-28.12%	-25.67%	39.22%	-26.77%	-40.77%
Accounts Receivable	117.88	132.86	110.77	148.39	100.91	126.12
Other Receivables	29.38	30.3	36.03	30.29	32.63	52.96
Receivables	147.26	163.16	146.8	178.68	133.54	179.09
Inventory	30.95	27.9	26.38	29.62	57.34	53.23
Other Current Assets	14.08	17.92	20.37	17.1	13.21	18.9
Total Current Assets	238.54	257.63	261.23	316.47	269.49	340.54
Property, Plant & Equipment	510.15	486.11	540.54	619.65	687.6	744.15
Long-Term Investments	12.77	13.15	16.44	19.14	26.03	38.19
Goodwill	241.08	241.08	242.63	377.26	378.52	517.15
Other Intangible Assets	24.96	25.32	27.88	39.98	36.99	55.66
Long-Term Deferred Tax Assets	44.75	44.97	42.91	49.68	40.62	40.52
Long-Term Deferred Charges	31.65	32.84	40.55	50.49	50.12	55.66
Other Long-Term Assets	79.88	80.8	85.98	76.7	68.07	36.97
Total Assets	1,184	1,182	1,258	1,549	1,557	1,829
Accounts Payable	187.78	205.1	195.78	261.27	275.5	269.84
Accrued Expenses	28.44	28.1	37.55	37.84	50.73	32.74
Short-Term Debt	289.38	269.34	273	263.6	200.28	172.23
Current Portion of Long-Term Debt	141.34	142.25	11.1	8.66	30.05	50.13
Current Portion of Leases	-	-	93.2	110.9	130.49	66.63
Current Income Taxes Payable	18.54	26.44	4.84	7.4	3.47	7.62
Current Unearned Revenue	9.25	7.2	8.86	10.26	69.45	10.74
Other Current Liabilities	39.56	52.55	53.07	55.89	54.12	370.3
Total Current Liabilities	714.28	730.97	677.41	755.82	814.1	980.23
Long-Term Debt	2.13	2.13	65.13	76.58	0.55	30
Long-Term Leases	363.48	336.38	397.75	430.52	466.05	475.75
Long-Term Unearned Revenue	0.03	0.08	0.24	-	-	-
Long-Term Deferred Tax Liabilities	0.36	0.3	0.34	0.54	1.16	1.5
Other Long-Term Liabilities	7.23	11.91	-	-	0.83	-
Total Liabilities	1,088	1,082	1,141	1,263	1,283	1,487
Common Stock	515.33	515.33	518.47	517.97	515.37	516.37
Additional Paid-In Capital	60.77	60.67	71.7	66.18	94.26	96.83
Retained Earnings	-476.56	-472.73	-453.23	-276.63	-285.27	-207.05
Treasury Stock	-18.91	-18.91	-35.22	-36.22	-65.54	-79.09
Comprehensive Income & Other	11.43	11.43	10.98	11.96	14.24	13.5
Total Common Equity	92.06	95.79	112.7	283.26	273.06	340.55
Minority Interest	4.23	4.32	4.6	2.64	1.72	0.83
Shareholders' Equity	96.28	100.11	117.3	285.9	274.78	341.38
Total Liabilities & Equity	1,184	1,182	1,258	1,549	1,557	1,829
Total Debt	796.32	750.1	840.18	890.26	827.42	794.74
Net Cash (Debt)	-750.07	-701.45	-772.49	-799.19	-762.01	-705.41
Net Cash Per Share	-1.96	-1.44	-1.50	-1.73	-1.46	-1.36
Filing Date Shares Outstanding	383.53	-	494.1	285.63	560.19	512.37
Total Common Shares Outstanding	383.53	-	494.1	285.63	560.19	512.37
Working Capital	-475.74	-473.34	-416.17	-439.35	-544.6	-639.68
Book Value Per Share	0.24	-	0.23	0.99	0.49	0.66
Tangible Book Value	-173.98	-170.62	-157.81	-133.98	-142.46	-232.26
Tangible Book Value Per Share	-0.45	-	-0.32	-0.47	-0.25	-0.45
Buildings	-	-	71.63	72.46	99.92	164.22
Machinery	-	-	427.08	418.23	405.44	399.29
Construction In Progress	-	-	20.66	38.13	34.26	23.57

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