SHE:002561 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	196.35	217.71	326.1	1,428	907.76	958.44
Short-Term Investments	-	1,314	851.16	142.16	160	608
Trading Asset Securities	290.36	221.21	563.39	240.23	642.07	192.67
Cash & Short-Term Investments	486.71	1,753	1,741	1,811	1,710	1,759
Cash Growth	-42.82%	0.71%	-3.87%	5.90%	-2.80%	4.25%
Accounts Receivable	8.86	9.93	10	19.56	21.77	13.58
Other Receivables	6.37	6.68	4.47	4.71	6.58	8.19
Receivables	15.23	16.61	14.47	24.27	28.34	21.77
Inventory	14.65	13.1	13.63	16.99	18.68	18.84
Other Current Assets	1,256	8.55	8.12	3.93	8.87	7.37
Total Current Assets	1,773	1,791	1,777	1,856	1,766	1,807
Property, Plant & Equipment	477.15	491.76	520.41	602.9	660.89	725.99
Long-Term Investments	2.91	2.96	2.68	7.99	3.5	5.81
Goodwill	-	-	-	-	-	2.43
Other Intangible Assets	307.54	311.01	324.78	301.71	313.69	325.8
Long-Term Deferred Tax Assets	6.31	6.66	6.85	7.26	6.81	6.84
Long-Term Deferred Charges	5.82	2.1	1.12	0.86	0.53	2.75
Total Assets	2,572	2,606	2,633	2,777	2,751	2,877
Accounts Payable	86.63	92.68	97.12	142.28	108.72	165.41
Accrued Expenses	11.91	36.31	40.7	46.46	56.42	36.82
Current Portion of Leases	-	38.22	31.47	33.84	30.21	27.74
Current Income Taxes Payable	9.25	2.95	3.51	8.26	6.16	13.82
Current Unearned Revenue	26.88	28.43	23.23	23.46	30.96	25.02
Other Current Liabilities	75.94	75.65	64.07	66.51	69.82	84.02
Total Current Liabilities	248.84	274.24	260.1	320.82	302.28	352.82
Long-Term Leases	66.88	75.79	77.94	111.23	140.71	173
Long-Term Deferred Tax Liabilities	33.81	34.34	35.99	42.85	38.07	39.02
Total Liabilities	349.52	384.36	374.02	474.89	481.05	564.84
Common Stock	415.76	415.76	415.76	415.76	415.76	415.76
Additional Paid-In Capital	523.5	523.5	523.52	523.52	523.52	523.52
Retained Earnings	1,227	1,228	1,268	1,314	1,288	1,330
Comprehensive Income & Other	2.09	2.13	1.92	1.22	1.21	1.48
Total Common Equity	2,168	2,169	2,209	2,254	2,229	2,271
Minority Interest	54.58	52.39	49.39	47.47	41.14	40.62
Shareholders' Equity	2,223	2,221	2,259	2,302	2,270	2,312
Total Liabilities & Equity	2,572	2,606	2,633	2,777	2,751	2,877
Total Debt	105.12	114.01	109.41	145.07	170.91	200.74
Net Cash (Debt)	381.6	1,639	1,631	1,666	1,539	1,558
Net Cash Growth	-48.58%	0.47%	-2.07%	8.24%	-1.25%	-7.64%
Net Cash Per Share	0.92	3.94	3.94	4.01	3.77	3.77
Filing Date Shares Outstanding	403.71	415.76	415.76	415.76	415.76	415.76
Total Common Shares Outstanding	403.71	415.76	415.76	415.76	415.76	415.76
Working Capital	1,524	1,517	1,517	1,535	1,463	1,454
Book Value Per Share	5.37	5.22	5.31	5.42	5.36	5.46
Tangible Book Value	1,861	1,858	1,885	1,953	1,915	1,943
Tangible Book Value Per Share	4.61	4.47	4.53	4.70	4.61	4.67
Buildings	-	596.91	596.91	708.15	708.15	708.15
Machinery	-	131.31	130.23	137.48	139.58	139.12
Construction In Progress	-	6.16	17.19	8.06	9.33	8.59

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