SHE:002581 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	153.86	220.25	506.4	151.91	183.8	187.8
Trading Asset Securities	0.02	0.02	-	-	-	-
Cash & Short-Term Investments	153.88	220.27	506.4	151.91	183.8	187.8
Cash Growth	-65.42%	-56.50%	233.35%	-17.35%	-2.13%	-33.91%
Accounts Receivable	253.81	279.66	93.32	172.62	179.72	272.96
Other Receivables	9.12	12.05	52.24	78.87	18.36	13.49
Receivables	262.93	291.72	145.55	251.49	198.09	286.45
Inventory	116.82	93.25	79.64	85.31	80.04	64.33
Other Current Assets	22.37	24.1	15.41	7.99	56.43	29.88
Total Current Assets	556	629.34	747.01	496.71	518.36	568.45
Property, Plant & Equipment	351.08	350.09	274.74	357.84	705.47	713.76
Long-Term Investments	922.78	938.34	1,056	1,355	1,503	1,223
Other Intangible Assets	89.04	90.81	93.47	108.29	126.32	134.29
Long-Term Deferred Tax Assets	27.69	27.32	11.21	6.12	11.84	25.28
Long-Term Deferred Charges	15.63	9.73	0.32	1.41	5.2	7.78
Other Long-Term Assets	127.63	122.74	13.44	12.26	0.49	83.36
Total Assets	2,090	2,168	2,196	2,337	2,870	2,756
Accounts Payable	77.83	88.39	35.35	73.69	43.64	42.13
Accrued Expenses	7.42	13.34	20.83	22.5	19.32	31.01
Short-Term Debt	27.5	32.53	2.77	13.84	150.42	151.54
Current Portion of Long-Term Debt	16.58	17.72	-	-	-	-
Current Portion of Leases	-	-	0.17	-	13.46	15.83
Current Income Taxes Payable	1.32	4.22	-	0.95	1.2	0.44
Current Unearned Revenue	2.47	2.92	10.46	3.59	26.86	3.43
Other Current Liabilities	19.03	31.66	13.03	19.03	109.38	14.17
Total Current Liabilities	152.17	190.78	82.61	133.61	364.28	258.54
Long-Term Debt	10	8.5	-	-	-	-
Long-Term Leases	3.52	2.69	-	0.71	1.47	9.8
Long-Term Unearned Revenue	5.49	5.49	5.49	5.49	6.71	9.74
Long-Term Deferred Tax Liabilities	9.66	9.59	9.39	7.51	7.68	8.68
Other Long-Term Liabilities	4.93	4.94	76.12	16.09	9.67	-
Total Liabilities	185.78	222	173.61	163.41	389.82	286.76
Common Stock	229.15	229.15	229.15	229.15	229.15	229.15
Additional Paid-In Capital	917.16	901.28	866.41	873.93	858.5	858.29
Retained Earnings	657.57	711.79	828.08	965.39	1,298	1,301
Total Common Equity	1,804	1,842	1,924	2,068	2,385	2,388
Minority Interest	100.2	104.16	98.67	105.26	94.94	81.11
Shareholders' Equity	1,904	1,946	2,022	2,174	2,480	2,469
Total Liabilities & Equity	2,090	2,168	2,196	2,337	2,870	2,756
Total Debt	57.61	61.43	2.94	14.55	165.35	177.16
Net Cash (Debt)	96.27	158.84	503.47	137.36	18.45	10.64
Net Cash Growth	-78.05%	-68.45%	266.52%	644.38%	73.50%	-90.91%
Net Cash Per Share	0.15	0.24	0.76	0.21	0.03	0.02
Filing Date Shares Outstanding	659.68	659.1	659.74	659.74	659.74	659.74
Total Common Shares Outstanding	659.68	659.1	659.74	659.74	659.74	659.74
Working Capital	403.83	438.56	664.4	363.1	154.08	309.91
Book Value Per Share	2.73	2.80	2.92	3.14	3.62	3.62
Tangible Book Value	1,715	1,751	1,830	1,960	2,259	2,254
Tangible Book Value Per Share	2.60	2.66	2.77	2.97	3.42	3.42
Buildings	-	-	393.55	486.08	639.62	612.92
Machinery	-	-	431.4	432.25	413.16	424.47
Construction In Progress	-	-	38.11	22.17	91.43	64.86

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