SHE:002535 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	130.34	223.53	213.36	256.97	371.95	261.3
Cash & Short-Term Investments	130.34	223.53	213.36	256.97	371.95	261.3
Cash Growth	-45.15%	4.76%	-16.97%	-30.91%	42.34%	-55.99%
Accounts Receivable	1,037	917.36	1,075	818.79	907.33	774.76
Other Receivables	84.63	80.62	96.8	28.79	29.35	69.52
Receivables	1,122	997.98	1,172	847.58	936.67	844.28
Inventory	353.73	346.61	473.55	426.4	360.54	400.59
Other Current Assets	35.79	37.4	27.48	52.49	46.95	56.71
Total Current Assets	1,642	1,606	1,886	1,583	1,716	1,563
Property, Plant & Equipment	1,443	1,496	1,646	1,518	1,550	1,475
Long-Term Investments	397.94	407.36	416.01	535.65	590.45	590.77
Other Intangible Assets	140.42	140.8	144.72	148.66	152.64	156.53
Long-Term Accounts Receivable	-	-	-	-	7.72	8.86
Long-Term Deferred Tax Assets	134.01	135.29	190.97	200.69	187.13	176.29
Long-Term Deferred Charges	-	-	-	-	-	0.98
Other Long-Term Assets	6.49	5.87	4.38	2.97	4.54	0.57
Total Assets	3,764	3,791	4,288	3,989	4,209	3,972
Accounts Payable	646.34	604.42	696.3	870.02	684.27	528.18
Accrued Expenses	125.24	179.43	245.4	213.02	150.42	107.1
Short-Term Debt	784.48	789.69	1,020	937.72	1,220	1,689
Current Portion of Long-Term Debt	503.7	390.07	234.48	306.2	265.43	131.81
Current Portion of Leases	-	-	40.9	7.43	36.35	-
Current Income Taxes Payable	87.72	69.18	9.04	5.73	6.56	6.63
Current Unearned Revenue	102.96	107.38	43.67	23.26	105.21	20.44
Other Current Liabilities	403.27	408.7	574.75	369.56	487.37	485.33
Total Current Liabilities	2,654	2,549	2,865	2,733	2,956	2,968
Long-Term Debt	266.54	369.49	430.42	367.76	331.61	108.43
Long-Term Leases	22.85	30.62	201.28	218.14	7.43	-
Long-Term Unearned Revenue	128.79	131.1	136.59	104.67	111.4	121.35
Long-Term Deferred Tax Liabilities	4.39	3.46	-	5.68	9.27	-
Other Long-Term Liabilities	83.32	108.43	9.63	9.79	372.21	372.12
Total Liabilities	3,160	3,192	3,643	3,439	3,788	3,570
Common Stock	801.68	801.68	801.68	801.68	801.68	801.68
Additional Paid-In Capital	1,796	1,796	1,796	1,796	1,784	1,784
Retained Earnings	-2,002	-2,008	-1,960	-2,055	-2,172	-2,191
Total Common Equity	595.13	589.86	637.3	541.96	413.23	394.31
Minority Interest	9.24	9.11	8.35	8.05	8.05	7.34
Shareholders' Equity	604.37	598.97	645.65	550	421.28	401.65
Total Liabilities & Equity	3,764	3,791	4,288	3,989	4,209	3,972
Total Debt	1,578	1,580	1,927	1,837	1,861	1,929
Net Cash (Debt)	-1,447	-1,356	-1,714	-1,580	-1,489	-1,667
Net Cash Per Share	-1.81	-1.69	-2.14	-1.97	-1.58	-2.06
Filing Date Shares Outstanding	798.05	801.1	801.68	801.68	801.68	801.68
Total Common Shares Outstanding	798.05	801.1	801.68	801.68	801.68	801.68
Working Capital	-1,012	-943.35	-978.43	-1,149	-1,240	-1,405
Book Value Per Share	0.75	0.74	0.79	0.68	0.52	0.49
Tangible Book Value	454.7	449.06	492.59	393.3	260.59	237.78
Tangible Book Value Per Share	0.57	0.56	0.61	0.49	0.33	0.30
Buildings	-	-	981.04	981.04	980.64	980.48
Machinery	-	-	1,705	1,510	1,466	1,288
Construction In Progress	-	-	56.91	135.68	105.65	150.63

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