SHE:002571 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	252.55	193.44	181.46	184.6	161.4	235.39
Cash & Short-Term Investments	252.55	193.44	181.46	184.6	161.4	235.39
Cash Growth	-15.10%	6.60%	-1.70%	14.38%	-31.43%	-9.88%
Accounts Receivable	202.7	173.91	299.63	185.11	173.34	165.32
Other Receivables	18.81	31.4	6.73	10.2	14.26	9.02
Receivables	221.51	205.31	306.36	195.31	187.6	174.34
Inventory	420.18	438.76	644.11	484.94	531.69	443.24
Prepaid Expenses	-	0.18	0.59	0.32	0.29	0.26
Other Current Assets	60.15	53.03	53.94	67.85	48.29	44.39
Total Current Assets	954.39	890.72	1,186	933.02	929.27	897.62
Property, Plant & Equipment	1,502	1,513	1,624	1,387	1,177	966.95
Long-Term Investments	100.67	153.89	302.59	345.55	352.31	429
Other Intangible Assets	221.35	222.77	251.33	257.48	265.42	173.1
Long-Term Deferred Tax Assets	4.87	4.97	5.61	6.87	8.03	9.2
Long-Term Deferred Charges	2.33	2.53	0.99	2.55	3.42	4.69
Other Long-Term Assets	112.87	64.04	23.85	140.61	60.1	109.21
Total Assets	2,899	2,852	3,395	3,073	2,796	2,590
Accounts Payable	716.12	759.59	906.79	670.57	586.61	531.05
Accrued Expenses	22.76	53.36	49.37	36.63	37.92	33.15
Short-Term Debt	385.07	376.83	344.47	357.8	301.07	150.6
Current Portion of Long-Term Debt	182.36	122.62	150.82	50.82	97.57	21.62
Current Portion of Leases	-	0.89	0.1	0.36	0.47	1.07
Current Income Taxes Payable	17.62	2.32	2.75	2.2	0.04	8.57
Current Unearned Revenue	46.38	46.69	42.13	33.67	27.3	21.18
Other Current Liabilities	207.26	155.56	218.65	145.04	185.66	129.38
Total Current Liabilities	1,578	1,518	1,715	1,297	1,237	896.64
Long-Term Debt	462.36	455.48	542.23	521.5	139.69	132.36
Long-Term Leases	1.61	5.98	28.06	0.11	54.22	69.19
Long-Term Unearned Revenue	20.12	20.52	17.74	15.86	18.09	18.24
Long-Term Deferred Tax Liabilities	11.13	11.13	8.01	4.5	5.33	6.22
Other Long-Term Liabilities	3.07	2.86	-	8.42	-	-
Total Liabilities	2,076	2,014	2,311	1,847	1,454	1,123
Common Stock	391.95	391.95	391.95	391.95	391.95	391.95
Additional Paid-In Capital	905.68	905.68	906.13	906.63	905.38	909.57
Retained Earnings	-510.94	-492.88	-232.79	-59.62	25.89	135.83
Comprehensive Income & Other	9.01	10.38	5.46	-9.97	-3.64	4.88
Total Common Equity	795.7	815.14	1,071	1,229	1,320	1,442
Minority Interest	27.13	23.02	13.08	-3.26	22.37	24.89
Shareholders' Equity	822.83	838.16	1,084	1,226	1,342	1,467
Total Liabilities & Equity	2,899	2,852	3,395	3,073	2,796	2,590
Total Debt	1,031	961.79	1,066	930.59	593.02	374.84
Net Cash (Debt)	-778.85	-768.35	-884.22	-745.98	-431.63	-139.46
Net Cash Per Share	-1.99	-1.96	-2.26	-1.90	-1.10	-0.36
Filing Date Shares Outstanding	391.95	391.95	391.95	391.95	391.95	391.95
Total Common Shares Outstanding	391.95	391.95	391.95	391.95	391.95	391.95
Working Capital	-623.19	-627.14	-528.62	-364.08	-307.36	0.98
Book Value Per Share	2.03	2.08	2.73	3.14	3.37	3.68
Tangible Book Value	574.35	592.37	819.42	971.51	1,054	1,269
Tangible Book Value Per Share	1.47	1.51	2.09	2.48	2.69	3.24
Buildings	-	996.55	913.7	633.56	686.71	343.43
Machinery	-	1,275	1,294	862.02	777.88	667.21
Construction In Progress	-	107.52	144.57	526.3	266.85	437.78

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