SHE:002548 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	325.14	305.14	337.81	754.38	1,284	807.27
Trading Asset Securities	6.13	-	-	0.16	-	55.73
Cash & Short-Term Investments	331.27	305.14	337.81	754.54	1,284	863
Cash Growth	-17.76%	-9.67%	-55.23%	-41.24%	48.80%	-28.19%
Accounts Receivable	194.74	81.65	67.8	104.85	105.8	78.82
Other Receivables	57.24	84.46	71.9	114.42	199.41	112.4
Receivables	251.98	166.11	139.69	219.28	305.22	191.22
Inventory	615.06	755.62	711.45	684.39	737.96	871.25
Prepaid Expenses	-	-	0.73	0.87	2.36	3.36
Other Current Assets	52.75	66.09	36.88	14.8	43.72	44.48
Total Current Assets	1,251	1,293	1,227	1,674	2,373	1,973
Property, Plant & Equipment	3,557	3,634	3,830	3,950	4,160	4,300
Long-Term Investments	6.6	35.23	32.08	26.94	85.16	69.92
Goodwill	30.46	30.46	35.42	34.74	35.21	98.29
Other Intangible Assets	105.22	107.38	115.03	124.36	131.09	242.87
Long-Term Deferred Tax Assets	81.29	80.47	78.52	73.29	73.88	51.9
Long-Term Deferred Charges	36.47	40.28	43.37	46.85	44.27	51.73
Other Long-Term Assets	89.77	48.81	49.49	52.88	74.99	109.71
Total Assets	5,158	5,270	5,410	5,983	6,978	6,897
Accounts Payable	511.79	497.96	420.74	473.64	398.16	603.5
Accrued Expenses	41.54	36.8	97.08	111.31	96.56	187.24
Short-Term Debt	1,847	1,796	1,454	1,533	1,297	986.63
Current Portion of Long-Term Debt	-	431.44	402.81	453.85	486.01	240.29
Current Portion of Leases	-	-	150.41	182.85	197.79	64.32
Current Income Taxes Payable	-	8.47	3.13	2.62	2.76	3.74
Current Unearned Revenue	25.82	20.23	20.1	18.34	35.19	73.5
Other Current Liabilities	942.06	361.09	248.63	475.46	933.27	654.96
Total Current Liabilities	3,368	3,152	2,797	3,251	3,447	2,814
Long-Term Debt	435.17	440.62	643.03	815.03	900.17	1,310
Long-Term Leases	174.51	191.4	285.78	249.1	369.91	334.61
Long-Term Unearned Revenue	83.95	84.59	77.24	71.84	67.07	60.68
Long-Term Deferred Tax Liabilities	4.17	4.06	4.21	4.51	9.68	8.25
Other Long-Term Liabilities	-	115.52	-	40	3	34.21
Total Liabilities	4,066	3,988	3,807	4,431	4,797	4,562
Common Stock	828.17	828.17	805.09	804.55	806.1	690.73
Additional Paid-In Capital	2,043	2,039	2,011	1,971	1,973	1,816
Retained Earnings	-1,779	-1,595	-1,302	-1,332	-672.32	-692.3
Treasury Stock	-45.47	-45.47	-	-	-14.21	-30.1
Comprehensive Income & Other	-	-	-	37.66	37.69	37.76
Total Common Equity	1,047	1,227	1,514	1,481	2,131	1,822
Minority Interest	44.82	54.07	88.58	71.45	51	512.99
Shareholders' Equity	1,092	1,281	1,603	1,552	2,182	2,335
Total Liabilities & Equity	5,158	5,270	5,410	5,983	6,978	6,897
Total Debt	2,457	2,860	2,936	3,233	3,251	2,936
Net Cash (Debt)	-2,125	-2,554	-2,599	-2,479	-1,967	-2,073
Net Cash Per Share	-2.66	-3.14	-3.45	-3.16	-2.97	-3.09
Filing Date Shares Outstanding	802.83	896.2	805.09	804.55	806.1	690.73
Total Common Shares Outstanding	802.83	896.2	805.09	804.55	806.1	690.73
Working Capital	-2,117	-1,859	-1,571	-1,577	-1,074	-840.88
Book Value Per Share	1.30	1.37	1.88	1.84	2.64	2.64
Tangible Book Value	911.2	1,090	1,364	1,322	1,964	1,481
Tangible Book Value Per Share	1.13	1.22	1.69	1.64	2.44	2.14
Buildings	-	-	3,062	2,739	2,090	1,960
Machinery	-	-	1,015	906.42	771.2	756.8
Construction In Progress	-	-	132.91	583.69	1,297	1,372

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