SHE:002538 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	520.28	315.75	249.63	170.92	1,022	785.88
Short-Term Investments	-	-	113.41	33.09	189.24	-
Trading Asset Securities	330.19	380.16	400.05	551.05	492.37	668.8
Cash & Short-Term Investments	850.47	695.92	763.09	755.06	1,704	1,455
Cash Growth	-34.14%	-8.80%	1.06%	-55.68%	17.12%	-31.32%
Accounts Receivable	287.45	264.25	426.64	81.68	170.66	106.87
Other Receivables	6.76	6.05	36.48	36.06	103.1	63.89
Receivables	294.22	270.3	463.13	117.74	273.76	260.76
Inventory	856.16	1,092	915.93	954.76	815.21	1,369
Other Current Assets	662.56	989.59	370.32	286.01	220.68	200.97
Total Current Assets	2,663	3,048	2,512	2,114	3,013	3,286
Property, Plant & Equipment	1,583	1,531	1,564	1,682	1,808	1,956
Long-Term Investments	-	-	529.74	799.56	352.31	413.73
Goodwill	308.69	308.69	308.69	308.69	308.69	308.69
Other Intangible Assets	1,265	1,268	1,204	1,222	1,223	1,240
Long-Term Deferred Tax Assets	17.02	20.53	30.82	41.93	32.87	24.21
Long-Term Deferred Charges	120.57	124.25	142.19	154.71	204.04	250.94
Other Long-Term Assets	756.54	335.19	92.54	4.74	0.4	13.02
Total Assets	6,715	6,636	6,385	6,328	6,943	7,492
Accounts Payable	195.37	288.46	199.36	250.9	473.97	607.83
Accrued Expenses	21.93	49.08	72.12	63.8	79.6	61.89
Short-Term Debt	-	-	-	-	100.09	392.32
Current Portion of Long-Term Debt	-	-	-	50.05	160.23	100.36
Current Income Taxes Payable	52.35	58.54	15.82	28.16	20.45	29.46
Current Unearned Revenue	570.02	447.51	293.16	237.17	233.91	335.32
Other Current Liabilities	356.29	350.26	279.57	263.78	182.4	364.04
Total Current Liabilities	1,196	1,194	860.02	893.87	1,251	1,891
Long-Term Debt	-	-	-	-	50	250
Long-Term Unearned Revenue	29.24	21.25	29.38	37.71	45.8	53.58
Long-Term Deferred Tax Liabilities	168.73	170.09	179.17	188.66	197.37	207.11
Other Long-Term Liabilities	22.83	22.83	4	-	53.34	51.39
Total Liabilities	1,417	1,408	1,073	1,120	1,597	2,453
Common Stock	853.56	853.56	853.56	853.56	853.56	853.56
Additional Paid-In Capital	2,077	2,077	2,077	2,077	2,077	2,077
Retained Earnings	2,367	2,298	2,382	2,275	2,415	2,106
Comprehensive Income & Other	0.58	0.02	0.44	2.01	0.99	1.65
Total Common Equity	5,298	5,228	5,312	5,207	5,346	5,038
Shareholders' Equity	5,298	5,228	5,312	5,207	5,346	5,038
Total Liabilities & Equity	6,715	6,636	6,385	6,328	6,943	7,492
Total Debt	-	-	-	50.05	310.33	742.68
Net Cash (Debt)	850.47	695.92	763.09	705.01	1,393	712
Net Cash Growth	-34.14%	-8.80%	8.24%	-49.41%	95.71%	-31.05%
Net Cash Per Share	1.00	0.82	0.89	0.83	1.63	0.84
Filing Date Shares Outstanding	853.28	853.87	853.56	853.56	853.56	853.56
Total Common Shares Outstanding	853.28	853.87	853.56	853.56	853.56	853.56
Working Capital	1,467	1,854	1,652	1,220	1,763	1,394
Book Value Per Share	6.21	6.12	6.22	6.10	6.26	5.90
Tangible Book Value	3,724	3,651	3,799	3,676	3,814	3,490
Tangible Book Value Per Share	4.36	4.28	4.45	4.31	4.47	4.09
Buildings	-	-	1,968	1,958	1,942	1,773
Machinery	-	-	1,216	1,211	1,241	1,209
Construction In Progress	-	-	120.06	120.49	103.86	265.85

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