SHE:002654 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	251.17	354.41	403.17	363.48	495.05	619.82
Trading Asset Securities	44.95	46.53	50.4	9.53	49.74	50.95
Cash & Short-Term Investments	296.12	400.94	453.57	373	544.79	670.77
Cash Growth	-18.27%	-11.60%	21.60%	-31.53%	-18.78%	-12.84%
Accounts Receivable	2,021	2,284	2,231	1,608	2,232	1,812
Other Receivables	42.14	9.77	28.34	23.93	57.12	58.11
Receivables	2,063	2,293	2,259	1,632	2,289	1,870
Inventory	351.72	252.75	291.28	201.9	125.83	172.81
Other Current Assets	349.27	229.57	221.74	231.72	257.1	341.78
Total Current Assets	3,060	3,177	3,226	2,439	3,217	3,056
Property, Plant & Equipment	821.24	827.45	890.31	903.69	454.92	451.77
Long-Term Investments	8.96	8.96	8.93	-	2	2
Goodwill	64.95	64.95	68.78	68.78	130.36	192.23
Other Intangible Assets	253.04	260.11	232.18	225.95	144.44	157.97
Long-Term Accounts Receivable	-	18.45	2.58	45.52	0.04	15.64
Long-Term Deferred Tax Assets	217.4	208.41	183.13	150.52	139.24	98.6
Long-Term Deferred Charges	82.33	80.77	72.5	37.42	8.65	5.65
Other Long-Term Assets	112.17	110.85	109.32	139.75	143.74	172.91
Total Assets	4,620	4,757	4,793	4,010	4,240	4,153
Accounts Payable	880.65	1,085	1,100	812.62	1,410	730.55
Accrued Expenses	30.09	77.06	82.61	75.48	55.44	77.43
Short-Term Debt	979.5	848	951.95	519.85	514.77	565.5
Current Portion of Long-Term Debt	186.41	125.52	54.54	5.88	229.21	97.48
Current Portion of Leases	-	90.11	85.55	117.02	34.01	56.41
Current Income Taxes Payable	19.77	8.65	9.95	17.44	2.93	15.35
Current Unearned Revenue	141.04	66.2	49.05	83.09	115.99	83.94
Other Current Liabilities	359.37	388.29	313.91	222.97	167.22	341.57
Total Current Liabilities	2,597	2,689	2,648	1,854	2,529	1,968
Long-Term Debt	26.03	21.41	35.39	59.44	21.91	251.11
Long-Term Leases	3.63	386.5	474.91	534.7	22.81	62.32
Long-Term Unearned Revenue	21.75	21.86	22.39	23.43	25.56	31.74
Long-Term Deferred Tax Liabilities	20.35	19.5	19.06	14.14	19.44	16.12
Other Long-Term Liabilities	342.03	0.01	0.02	0.04	0.24	0.67
Total Liabilities	3,011	3,138	3,199	2,486	2,619	2,330
Common Stock	845.3	845.3	845.3	845.3	855.13	855.13
Additional Paid-In Capital	559.36	559.36	1,655	1,650	1,709	1,709
Retained Earnings	159.45	164.82	-963.23	-1,026	-1,072	-900.31
Comprehensive Income & Other	-0.11	-0.11	-0.11	-4.27	-4.27	-4.32
Total Common Equity	1,564	1,569	1,537	1,465	1,489	1,660
Minority Interest	45.81	49.1	56.77	59.03	132.13	162.44
Shareholders' Equity	1,610	1,618	1,594	1,524	1,621	1,822
Total Liabilities & Equity	4,620	4,757	4,793	4,010	4,240	4,153
Total Debt	1,196	1,472	1,602	1,237	822.71	1,033
Net Cash (Debt)	-899.43	-1,071	-1,149	-863.88	-277.92	-362.06
Net Cash Per Share	-1.07	-1.33	-1.28	-0.95	-0.33	-0.42
Filing Date Shares Outstanding	839.08	845.3	845.3	845.3	855.13	855.13
Total Common Shares Outstanding	839.08	845.3	845.3	845.3	855.13	855.13
Working Capital	463.5	487.79	578.07	584.18	687.26	1,088
Book Value Per Share	1.86	1.86	1.82	1.73	1.74	1.94
Tangible Book Value	1,246	1,244	1,236	1,170	1,214	1,310
Tangible Book Value Per Share	1.48	1.47	1.46	1.38	1.42	1.53
Buildings	-	557.23	549.49	521.55	425.05	367.68
Machinery	-	1,456	1,434	1,421	452.9	455.65
Construction In Progress	-	11.33	40.73	10.68	-	-