SHE:002634 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	Dec '21 Dec 31, 2021
Cash & Equivalents	149.21	164.93	302.72	1,077	573.62	198.3
Trading Asset Securities	-	-	-	210.54	43	-
Cash & Short-Term Investments	149.21	164.93	302.72	1,287	616.62	198.3
Cash Growth	-41.51%	-45.52%	-76.48%	108.74%	210.95%	14.20%
Accounts Receivable	77.99	102.2	120.03	458.17	81.72	68.26
Other Receivables	17.75	25.6	58.74	28.53	6.59	5.48
Receivables	95.75	127.81	178.77	486.7	88.32	73.73
Inventory	116.98	113.19	148.9	166.03	57.1	98.06
Prepaid Expenses	-	0.01	0.01	0.01	1.81	0.16
Other Current Assets	186.19	185.04	181.91	186.44	107.46	21.9
Total Current Assets	548.13	590.97	812.31	2,126	871.3	392.15
Property, Plant & Equipment	1,280	1,312	2,215	2,582	219.17	350.04
Long-Term Investments	166.04	163.91	156.83	152.85	150.95	199.85
Other Intangible Assets	17.57	17.91	18.3	20.59	20.4	40.96
Long-Term Deferred Tax Assets	0.93	0.98	1.97	4.18	5.92	3.31
Long-Term Deferred Charges	6.1	7.02	15.78	20.44	5.47	1.23
Other Long-Term Assets	60.12	53.38	56.64	23.04	18.29	100.49
Total Assets	2,079	2,147	3,277	4,929	1,291	1,088
Accounts Payable	808.82	819.76	839.4	1,707	88.4	133.46
Accrued Expenses	25.83	65.83	37.11	52.68	22.09	24.1
Short-Term Debt	202	444.8	432.67	221.73	100.1	70.08
Current Portion of Long-Term Debt	46.74	410.23	50.9	150.1	-	-
Current Portion of Leases	-	232.96	122.25	151.7	4.02	2.57
Current Income Taxes Payable	2.12	0.23	0.78	0.46	5.4	2.15
Current Unearned Revenue	9.1	9.84	2.97	15.39	108.75	12.67
Other Current Liabilities	1,601	629.42	435.57	197.86	13.7	3.53
Total Current Liabilities	2,696	2,613	1,922	2,497	342.47	248.57
Long-Term Debt	11.74	12.09	368.54	320.53	-	-
Long-Term Leases	319.11	376.13	602.82	576.56	18.92	9.63
Long-Term Unearned Revenue	4.73	5.04	148.02	104.61	2.49	3.11
Long-Term Deferred Tax Liabilities	8.9	8.66	8.06	6.85	6.18	7.81
Other Long-Term Liabilities	35.02	64.23	6.38	-	0.23	-
Total Liabilities	3,075	3,079	3,055	3,506	370.29	269.12
Common Stock	459.35	459.35	459.35	474.07	459.35	459.35
Additional Paid-In Capital	142.54	142.54	177.41	323.71	17.57	6.81
Retained Earnings	-1,363	-1,307	-317.82	357.82	446.25	367.16
Treasury Stock	-42.23	-42.23	-42.23	-80.4	-24.23	-41.76
Comprehensive Income & Other	24.99	25.75	23.14	20.4	17.67	22.89
Total Common Equity	-778.09	-721.13	299.84	1,096	916.61	814.45
Minority Interest	-218.3	-211.56	-78.59	327.59	4.59	4.45
Shareholders' Equity	-996.39	-932.69	221.26	1,423	921.2	818.91
Total Liabilities & Equity	2,079	2,147	3,277	4,929	1,291	1,088
Total Debt	579.58	1,476	1,577	1,421	123.04	82.28
Net Cash (Debt)	-430.37	-1,311	-1,274	-133.5	493.58	116.02
Net Cash Growth	-	-	-	-	325.41%	2.16%
Net Cash Per Share	-0.92	-2.85	-2.81	-0.29	1.08	0.25
Filing Date Shares Outstanding	468.38	449.74	449.74	445.69	403.47	452.75
Total Common Shares Outstanding	468.38	449.74	449.74	445.69	403.47	452.75
Working Capital	-2,148	-2,022	-1,109	-370.86	528.84	143.58
Book Value Per Share	-1.66	-1.60	0.67	2.46	2.27	1.80
Tangible Book Value	-795.66	-739.03	281.54	1,075	896.22	773.5
Tangible Book Value Per Share	-1.70	-1.64	0.63	2.41	2.22	1.71
Buildings	-	-	-	163.53	163.71	236.26
Machinery	-	810.05	1,167	577.61	265.25	252.5
Construction In Progress	-	395.75	807.25	1,612	4.22	89.21

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