SHE:002580 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	874.99	925.46	686.31	495.93	797.67	588.38
Cash & Short-Term Investments	874.99	925.46	686.31	495.93	797.67	588.38
Cash Growth	31.60%	34.85%	38.39%	-37.83%	35.57%	-31.77%
Accounts Receivable	1,544	1,257	1,077	930.81	913.85	821.29
Other Receivables	17.57	12.51	79.51	79.6	15.74	109.29
Receivables	1,561	1,270	1,156	1,010	929.59	930.58
Inventory	780.21	650.84	496.72	485.69	289.37	311.25
Prepaid Expenses	-	-	-	0	0	-
Other Current Assets	108.85	105.46	9.17	12.29	78.95	29.01
Total Current Assets	3,325	2,952	2,348	2,004	2,096	1,859
Property, Plant & Equipment	1,080	1,041	1,023	859.68	478.62	403.3
Long-Term Investments	83.02	80.25	134.78	150.62	113.8	146.42
Other Intangible Assets	132.16	93.38	95.12	96.28	99.06	57.44
Long-Term Deferred Tax Assets	39.14	37.01	35.44	37.05	21.92	20.35
Long-Term Deferred Charges	5.05	0.83	0.65	-	-	-
Other Long-Term Assets	31.47	18.26	6.94	42.5	222.06	45.16
Total Assets	4,714	4,223	3,644	3,190	3,031	2,532
Accounts Payable	1,035	922.59	724.74	555.43	694.27	447.96
Accrued Expenses	47.84	44.44	55.7	54.65	64.79	59.23
Short-Term Debt	41.85	6.3	-	9.51	-	-
Current Portion of Long-Term Debt	227.56	187.44	22.26	26	92	32.5
Current Income Taxes Payable	27.2	20.69	8.36	10.74	2.1	5.59
Current Unearned Revenue	64.56	73.29	60.11	65.11	24.83	32.19
Other Current Liabilities	168.41	156.83	39.39	21.16	13.91	13.59
Total Current Liabilities	1,613	1,412	910.56	742.59	891.9	591.06
Long-Term Debt	503.14	328.52	367.34	215.03	68.16	153
Long-Term Unearned Revenue	51.42	52.85	58.29	63.76	70.94	36.71
Long-Term Deferred Tax Liabilities	5.09	0.25	0.34	0.44	0.54	-
Other Long-Term Liabilities	1.58	1.58	-	-	-	-
Total Liabilities	2,179	1,795	1,337	1,022	1,032	780.78
Common Stock	453.87	453.87	453.87	453.87	453.87	453.87
Additional Paid-In Capital	894.01	894.01	894.01	894.01	894.01	894.01
Retained Earnings	1,072	1,012	844.18	695.4	530.46	394.21
Comprehensive Income & Other	-8.01	-7.47	-7.83	-23.32	-18.26	-10.46
Total Common Equity	2,412	2,352	2,184	2,020	1,860	1,732
Minority Interest	122.95	75.52	122.96	148.67	139.43	19.47
Shareholders' Equity	2,535	2,428	2,307	2,169	2,000	1,751
Total Liabilities & Equity	4,714	4,223	3,644	3,190	3,031	2,532
Total Debt	777.03	522.26	389.6	250.54	160.16	185.5
Net Cash (Debt)	97.96	403.2	296.71	245.39	637.51	402.88
Net Cash Growth	-54.26%	35.89%	20.91%	-61.51%	58.24%	-37.63%
Net Cash Per Share	0.22	0.89	0.65	0.54	1.40	0.83
Filing Date Shares Outstanding	468.82	441.11	453.87	453.87	453.87	453.87
Total Common Shares Outstanding	468.82	441.11	453.87	453.87	453.87	453.87
Working Capital	1,713	1,540	1,438	1,262	1,204	1,268
Book Value Per Share	5.15	5.33	4.81	4.45	4.10	3.82
Tangible Book Value	2,263	2,259	2,089	1,924	1,761	1,674
Tangible Book Value Per Share	4.83	5.12	4.60	4.24	3.88	3.69
Buildings	-	-	485.46	365.25	354.4	330.87
Machinery	-	-	1,065	560.41	510.16	430.43
Construction In Progress	-	-	52.17	440.86	62.28	34.1

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