SHE:002565 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	738.39	744.48	858.09	702.33	479.58	346.86
Trading Asset Securities	93.69	73.26	42.12	19.86	24.03	33.96
Cash & Short-Term Investments	832.08	817.73	900.21	722.19	503.61	380.82
Cash Growth	-9.79%	-9.16%	24.65%	43.40%	32.24%	-34.89%
Accounts Receivable	332.01	320.21	434.39	441.39	527.72	518.19
Other Receivables	17.89	14.82	12.54	13.36	15.85	9.98
Receivables	349.9	335.03	446.93	454.75	543.58	528.17
Inventory	271.82	279.92	297.05	420.04	385.95	423.12
Prepaid Expenses	-	-	1.09	0.81	1.22	1.69
Other Current Assets	26.39	24.29	17.89	32.87	173.24	29.73
Total Current Assets	1,480	1,457	1,663	1,631	1,608	1,364
Property, Plant & Equipment	425.15	439.16	483.35	575.88	629.93	731.74
Long-Term Investments	477.5	391.73	314.74	342.67	359.25	329.23
Goodwill	48.99	48.99	48.99	48.99	48.99	48.99
Other Intangible Assets	43.77	44.16	54.02	94.12	97.48	131.27
Long-Term Deferred Tax Assets	85.96	85.2	84.11	79.87	86.14	85.06
Long-Term Deferred Charges	4.54	5.04	3.2	6.11	6.02	10.22
Other Long-Term Assets	141.72	137.99	144.19	69.33	69.91	172
Total Assets	2,708	2,609	2,796	2,848	2,905	2,872
Accounts Payable	363.49	340.76	477.94	532.12	487.47	431.53
Accrued Expenses	9.38	27.89	44.84	35.67	43.24	32.33
Short-Term Debt	51.64	32.03	12.5	44.02	72.61	85.83
Current Portion of Long-Term Debt	37.64	38.71	49.7	0.1	47.63	45.17
Current Portion of Leases	-	-	16.3	14.06	15.12	19.52
Current Income Taxes Payable	5.94	6.72	3.96	3.91	3.36	2.92
Current Unearned Revenue	12.28	9.5	13.09	8.84	13.59	6.67
Other Current Liabilities	28.88	26.58	29.1	22.62	86.62	16.19
Total Current Liabilities	509.24	482.19	647.43	661.33	769.63	640.17
Long-Term Debt	157.5	110	29.7	79.7	58	80
Long-Term Leases	9.69	11.03	20.07	18.7	20.63	35.92
Long-Term Unearned Revenue	11.19	11.83	13.91	15.88	14.5	3.39
Long-Term Deferred Tax Liabilities	0.48	0.48	0.05	2.04	3.12	4.73
Other Long-Term Liabilities	1.24	1.24	1	-	-	-
Total Liabilities	689.35	616.77	712.17	777.65	865.88	764.21
Common Stock	1,060	1,060	1,060	1,060	1,060	1,060
Additional Paid-In Capital	499.52	491.08	489.97	494.86	494.86	494.86
Retained Earnings	390.38	370.39	352.71	334.93	306.53	366.82
Treasury Stock	-100	-100	-	-	-	-
Comprehensive Income & Other	-12.26	-11.33	-10.56	5.17	4.73	0.24
Total Common Equity	1,838	1,810	1,892	1,895	1,866	1,922
Minority Interest	180.85	182.32	191.5	175.03	173.33	185.94
Shareholders' Equity	2,018	1,992	2,084	2,070	2,039	2,108
Total Liabilities & Equity	2,708	2,609	2,796	2,848	2,905	2,872
Total Debt	256.47	191.77	128.27	156.57	213.98	266.44
Net Cash (Debt)	575.62	625.97	771.94	565.62	289.63	114.39
Net Cash Growth	-24.32%	-18.91%	36.48%	95.29%	153.20%	-47.96%
Net Cash Per Share	0.59	0.64	0.68	0.60	0.29	0.12
Filing Date Shares Outstanding	1,057	748.89	1,060	1,060	1,060	1,060
Total Common Shares Outstanding	1,057	748.89	1,060	1,060	1,060	1,060
Working Capital	970.95	974.77	1,016	969.33	837.96	723.38
Book Value Per Share	1.74	2.42	1.79	1.79	1.76	1.81
Tangible Book Value	1,745	1,717	1,789	1,752	1,720	1,742
Tangible Book Value Per Share	1.65	2.29	1.69	1.65	1.62	1.64
Buildings	-	-	343.16	414.06	418.11	406.8
Machinery	-	-	868.39	885.41	941.09	991.51
Construction In Progress	-	-	3.16	7.65	12.09	83

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