SHE:002661 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	669.83	317.05	357.47	452.67	391.11	250.38
Trading Asset Securities	-	-	1.59	-	-	-
Cash & Short-Term Investments	669.83	317.05	359.06	452.67	391.11	250.38
Cash Growth	84.71%	-11.70%	-20.68%	15.74%	56.21%	-41.49%
Accounts Receivable	54.18	49.79	54.88	83.41	143.99	165.96
Other Receivables	13.71	16.32	20.48	30.03	28.57	28.1
Receivables	67.89	66.11	75.35	113.44	172.57	194.06
Inventory	572.04	737.48	852.58	581.5	1,094	565.29
Prepaid Expenses	-	-	63.16	20.23	15.96	72.36
Other Current Assets	68.15	82.14	62.66	83.44	111.12	92.63
Total Current Assets	1,378	1,203	1,413	1,251	1,785	1,175
Property, Plant & Equipment	3,949	3,924	4,021	4,123	4,046	2,286
Long-Term Investments	60.42	65.3	244.11	82.85	89.75	25.04
Goodwill	24.01	24.01	24.4	25.28	27.26	27.56
Other Intangible Assets	270.89	272.66	280.37	223.1	235.22	226.19
Long-Term Deferred Tax Assets	7.86	7.63	8.03	7	12.31	11.93
Long-Term Deferred Charges	76.58	73.51	76.85	44.22	33.18	24.57
Other Long-Term Assets	253.57	284.35	64.64	75.42	99.15	102.84
Total Assets	6,020	5,854	6,133	5,832	6,328	3,879
Accounts Payable	420.76	419.58	333.47	428.26	637.98	411.84
Accrued Expenses	41.63	53.25	70.76	66.94	79.89	48.29
Short-Term Debt	1,016	819.56	998.51	893.17	873.89	510.58
Current Portion of Long-Term Debt	332.22	363.37	499.34	247.05	111.5	0.23
Current Portion of Leases	-	-	13.63	12.24	9.68	2.33
Current Income Taxes Payable	29.63	19.91	7.58	15.73	7.43	0.53
Current Unearned Revenue	176.6	157.71	180.66	132.51	264.73	176.15
Other Current Liabilities	41.77	105.05	104.24	84.64	44.28	33.85
Total Current Liabilities	2,058	1,938	2,208	1,881	2,029	1,184
Long-Term Debt	1,072	1,058	838.39	904.35	352.08	33.65
Long-Term Leases	131.83	136.23	201.49	146.68	100.08	4.47
Long-Term Unearned Revenue	65.15	67.59	73.64	72.75	70	51.24
Long-Term Deferred Tax Liabilities	5.04	4.99	6.31	8.63	14.95	14.9
Other Long-Term Liabilities	111.18	80.02	16.31	30.54	4.47	4.84
Total Liabilities	3,444	3,285	3,344	3,043	2,571	1,293
Common Stock	333.14	333.14	343.83	333.07	338	337.01
Additional Paid-In Capital	979.49	979.49	1,085	995.51	1,676	1,450
Retained Earnings	1,267	1,233	1,278	1,196	1,327	884.41
Treasury Stock	-276.47	-276.47	-254.54	-118.74	-177.8	-72.32
Comprehensive Income & Other	-14.99	-14.87	-15.62	-11.19	-12.56	-12.7
Total Common Equity	2,288	2,254	2,436	2,395	3,150	2,586
Minority Interest	288.41	314.65	351.71	393.16	606.86	0.24
Shareholders' Equity	2,577	2,569	2,788	2,788	3,757	2,586
Total Liabilities & Equity	6,020	5,854	6,133	5,832	6,328	3,879
Total Debt	2,552	2,377	2,551	2,203	1,447	551.25
Net Cash (Debt)	-1,882	-2,060	-2,192	-1,751	-1,056	-300.88
Net Cash Per Share	-6.17	-6.70	-6.76	-5.33	-3.20	-0.91
Filing Date Shares Outstanding	303.03	309.46	318.07	322.38	322.38	330.85
Total Common Shares Outstanding	303.03	309.46	318.07	322.38	322.38	330.85
Working Capital	-680.51	-735.65	-795.37	-629.25	-244.74	-9.09
Book Value Per Share	7.55	7.29	7.66	7.43	9.77	7.82
Tangible Book Value	1,993	1,958	2,132	2,147	2,888	2,332
Tangible Book Value Per Share	6.58	6.33	6.70	6.66	8.96	7.05
Buildings	-	-	2,761	2,688	2,467	1,484
Machinery	-	-	1,698	1,630	1,563	1,116
Construction In Progress	-	-	732.7	782.4	738.87	352.78

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