SHE:002596 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	65.63	61.14	85.47	72.24	115.61	198.05
Trading Asset Securities	-	2.57	-	-	-	-
Cash & Short-Term Investments	65.63	63.71	85.47	72.24	115.61	198.05
Cash Growth	2.70%	-25.46%	18.31%	-37.51%	-41.62%	-57.82%
Accounts Receivable	1,926	1,995	2,242	2,471	2,468	2,841
Other Receivables	118.79	94.99	107.72	179.23	305.19	245.64
Receivables	2,044	2,090	2,350	2,651	2,773	3,087
Inventory	19.39	17.39	23.38	63.01	93.23	258.01
Other Current Assets	97	88.24	107.35	88.91	87.31	121.25
Total Current Assets	2,226	2,260	2,566	2,875	3,069	3,664
Property, Plant & Equipment	174.43	181.55	217.16	257.13	320.99	511.84
Long-Term Investments	174.88	192.96	196.4	160.08	155.89	112.5
Goodwill	0.22	0.22	0.22	0.22	231.94	391.69
Other Intangible Assets	153.14	160.51	199.36	242.1	283.38	451.43
Long-Term Accounts Receivable	-	-	-	-	1.55	3.81
Long-Term Deferred Tax Assets	84.53	83.19	73.32	102.22	99.97	85.71
Long-Term Deferred Charges	28.56	25.86	34.45	71.2	93.84	119.53
Other Long-Term Assets	192.51	167.21	149.49	236.92	298.24	224.79
Total Assets	3,035	3,071	3,437	3,945	4,555	5,565
Accounts Payable	911.19	961.41	1,038	1,168	1,082	1,303
Accrued Expenses	26.57	126.15	147.32	167.96	162.52	73.36
Short-Term Debt	144.88	142.68	107.27	109.34	84.9	8
Current Portion of Long-Term Debt	521.27	509.86	74.77	86.52	179.8	345.65
Current Portion of Leases	-	7.84	7.77	14.82	25.97	100.91
Current Income Taxes Payable	39.7	9.97	14.52	20.06	23.57	34.62
Current Unearned Revenue	16.46	17.82	31.86	22.86	18.01	27.08
Other Current Liabilities	268.2	178.95	164.87	149.28	269.52	228.69
Total Current Liabilities	1,928	1,955	1,587	1,739	1,846	2,121
Long-Term Debt	585.92	589.39	1,093	1,185	1,148	1,205
Long-Term Leases	21.76	27.31	31	33.76	52.07	129.78
Long-Term Unearned Revenue	-	-	-	0.09	0.09	11.58
Long-Term Deferred Tax Liabilities	4.65	5.18	5.4	8.3	13.86	41.34
Other Long-Term Liabilities	9.96	9.16	8.92	9.93	9.57	9.21
Total Liabilities	2,551	2,586	2,724	2,976	3,069	3,518
Common Stock	1,148	1,148	1,148	1,148	1,148	1,148
Additional Paid-In Capital	1,607	1,607	1,607	1,607	1,608	1,609
Retained Earnings	-2,223	-2,220	-2,005	-1,755	-1,248	-754.43
Comprehensive Income & Other	-	-	-	-8.59	-8.59	-8.59
Total Common Equity	531.5	534.73	749.46	990.99	1,500	1,993
Minority Interest	-47.3	-49.37	-37.23	-22.31	-13.56	54.34
Shareholders' Equity	484.2	485.36	712.23	968.68	1,486	2,047
Total Liabilities & Equity	3,035	3,071	3,437	3,945	4,555	5,565
Total Debt	1,274	1,277	1,313	1,430	1,490	1,789
Net Cash (Debt)	-1,208	-1,213	-1,228	-1,357	-1,375	-1,591
Net Cash Per Share	-1.07	-1.07	-1.07	-1.18	-1.20	-1.38
Filing Date Shares Outstanding	1,152	1,148	1,148	1,148	1,148	1,148
Total Common Shares Outstanding	1,152	1,148	1,148	1,148	1,148	1,148
Working Capital	298.22	304.89	979.7	1,136	1,223	1,543
Book Value Per Share	0.46	0.47	0.65	0.86	1.31	1.74
Tangible Book Value	378.14	373.99	549.88	748.67	984.24	1,150
Tangible Book Value Per Share	0.33	0.33	0.48	0.65	0.86	1.00
Buildings	-	231.96	242.04	247.85	249.45	358.55
Machinery	-	290.83	316.48	345.63	391.56	760.91
Construction In Progress	-	0.35	1.46	-	0.49	34.44

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