SHE:002554 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	911.4	909	1,288	997.78	752.77	639.9
Cash & Short-Term Investments	911.4	909	1,288	997.78	752.77	639.9
Cash Growth	-13.61%	-29.42%	29.08%	32.55%	17.64%	-28.04%
Accounts Receivable	1,446	1,432	1,298	1,395	1,352	907.82
Other Receivables	387.64	376.85	230.47	77.51	87.87	184.72
Receivables	1,834	1,809	1,528	1,473	1,440	1,093
Inventory	366.18	347.31	411.95	442.49	458.5	221.92
Prepaid Expenses	-	-	-	-	-	0.12
Other Current Assets	516.88	485.81	656.8	491.83	510.5	273.22
Total Current Assets	3,629	3,551	3,885	3,405	3,161	2,228
Property, Plant & Equipment	534.33	535.01	542.25	556	545.32	546.09
Long-Term Investments	353.3	362.16	563.86	771.89	780.17	532.71
Goodwill	1.74	1.74	1.89	26.63	33.99	33.84
Other Intangible Assets	178.51	180.65	214.15	223.62	232.48	241.92
Long-Term Accounts Receivable	-	-	160.02	21.32	-	-
Long-Term Deferred Tax Assets	181.62	173.56	128.75	118.45	114.56	113.3
Long-Term Deferred Charges	45.1	27.99	32.33	1.39	12.19	0.24
Other Long-Term Assets	615.69	624.61	122.76	129.36	130.08	131.33
Total Assets	5,539	5,457	5,651	5,253	5,010	3,827
Accounts Payable	669.61	757.25	889.19	814.61	538.1	365.62
Accrued Expenses	24.59	65.02	76.92	71.7	81.62	67.91
Short-Term Debt	666.28	693.72	628.13	691.05	585.96	341.17
Current Portion of Long-Term Debt	442.49	446.18	642.04	269.28	355	111.4
Current Portion of Leases	-	-	3.45	4.07	1.86	3.83
Current Income Taxes Payable	42.04	40.38	4.78	2.41	4.84	4.02
Current Unearned Revenue	197.03	170.98	117.4	176.57	295.49	169.2
Other Current Liabilities	37.65	48.28	60.06	55.79	74.66	62.36
Total Current Liabilities	2,080	2,222	2,422	2,085	1,938	1,126
Long-Term Debt	1,420	1,163	842.49	543.81	449.03	237.8
Long-Term Leases	52.04	52.04	10.74	12.16	13.4	12.55
Long-Term Unearned Revenue	38.55	40.44	16.45	18.94	14.81	16.74
Long-Term Deferred Tax Liabilities	13.09	13.1	1.95	2.93	3.68	2.21
Other Long-Term Liabilities	6.47	6.92	12.62	1.98	42.21	53.59
Total Liabilities	3,610	3,497	3,306	2,665	2,461	1,448
Common Stock	1,334	1,334	1,334	1,347	1,347	1,347
Additional Paid-In Capital	800.18	800.18	791.79	809.65	814.87	820.22
Retained Earnings	-141.27	-114.13	256.23	393.13	304.83	155.04
Comprehensive Income & Other	-83.11	-79.31	-64.15	-18.67	15.19	-6.73
Total Common Equity	1,910	1,940	2,318	2,531	2,482	2,315
Minority Interest	19.45	19.68	27.24	57.05	67.85	63.34
Shareholders' Equity	1,929	1,960	2,345	2,588	2,550	2,379
Total Liabilities & Equity	5,539	5,457	5,651	5,253	5,010	3,827
Total Debt	2,581	2,355	2,127	1,520	1,405	706.76
Net Cash (Debt)	-1,669	-1,446	-838.92	-522.6	-652.48	-66.86
Net Cash Per Share	-1.31	-1.09	-0.61	-0.40	-0.49	-0.05
Filing Date Shares Outstanding	1,357	2,133	1,334	1,345	1,347	1,347
Total Common Shares Outstanding	1,357	2,133	1,334	1,345	1,347	1,347
Working Capital	1,549	1,330	1,463	1,319	1,224	1,102
Book Value Per Share	1.41	0.91	1.74	1.88	1.84	1.72
Tangible Book Value	1,729	1,758	2,102	2,281	2,215	2,040
Tangible Book Value Per Share	1.27	0.82	1.58	1.70	1.64	1.51
Buildings	-	-	249.59	249.61	248.88	248.62
Machinery	-	-	551.89	568.88	483.59	475.22
Construction In Progress	-	-	72.86	39.74	82.45	54.69

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