SHE:002671 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	395.81	568.17	658.81	276.63	427.59	257.77
Trading Asset Securities	61.2	-	6.01	-	-	-
Cash & Short-Term Investments	457.01	568.17	664.82	276.63	427.59	257.77
Cash Growth	16.90%	-14.54%	140.33%	-35.30%	65.88%	-31.48%
Accounts Receivable	967.73	1,055	899.41	914.99	877.16	973.24
Other Receivables	15.72	15.18	12.07	17.93	44.75	31.3
Receivables	983.45	1,071	911.48	932.92	921.91	1,005
Inventory	339.76	300.37	225.07	191.5	215	230.04
Other Current Assets	65.56	58.13	27.47	42.7	38	33.44
Total Current Assets	1,846	1,997	1,829	1,444	1,602	1,526
Property, Plant & Equipment	513.75	538.39	602.22	707.43	614.47	1,113
Long-Term Investments	10.77	11.3	11.58	12.29	11.47	4.77
Goodwill	108.96	108.96	77.69	108.59	108.59	208.59
Other Intangible Assets	172.48	173.13	152.92	193.58	201.82	219.36
Long-Term Deferred Tax Assets	78.47	79.7	106.58	96.81	101.59	80.17
Long-Term Deferred Charges	1.45	1.82	1.62	2.59	1.97	2.33
Other Long-Term Assets	81.1	81.37	164.4	39.12	2.16	9
Total Assets	2,813	2,992	2,946	2,604	2,645	3,163
Accounts Payable	361.36	385.31	273.03	297.58	259.71	288.2
Accrued Expenses	30.06	62.11	60.12	51.86	53.38	56.4
Short-Term Debt	219.91	337.8	596.11	371.44	589.55	416.76
Current Portion of Long-Term Debt	29.39	29.21	49.7	11.12	10.32	-
Current Portion of Leases	-	0.38	2.9	4.01	-	0.5
Current Income Taxes Payable	10.62	3.71	1.06	0.54	4.72	2.31
Current Unearned Revenue	35.43	40.28	47.02	44.37	40.51	16.73
Other Current Liabilities	61.82	63.61	39.98	100.59	61.69	150.94
Total Current Liabilities	748.6	922.41	1,070	881.51	1,020	931.84
Long-Term Debt	302.76	302.76	197	103.27	39.58	-
Long-Term Leases	2.29	2.27	2.27	2.65	-	-
Long-Term Unearned Revenue	9.17	9	8.63	8.33	7.59	11.12
Long-Term Deferred Tax Liabilities	6.78	6.78	1.28	1.9	2.52	3.28
Other Long-Term Liabilities	61.5	61.5	2.23	2.24	2.44	2.39
Total Liabilities	1,131	1,305	1,281	999.9	1,072	948.62
Common Stock	563.23	563.23	564.57	565.54	565.73	566.51
Additional Paid-In Capital	1,310	1,310	1,374	1,380	1,379	1,380
Retained Earnings	-223.97	-216.95	-264.42	-330.01	-357.79	283.16
Treasury Stock	-14.51	-14.51	-8.28	-10.77	-16.83	-26.63
Comprehensive Income & Other	4.8	4.89	-	-	-	-
Total Common Equity	1,640	1,647	1,666	1,605	1,571	2,203
Minority Interest	41.65	40.26	-1.38	-0.25	2.04	10.9
Shareholders' Equity	1,682	1,687	1,665	1,604	1,573	2,214
Total Liabilities & Equity	2,813	2,992	2,946	2,604	2,645	3,163
Total Debt	554.36	672.43	847.99	492.49	639.45	417.26
Net Cash (Debt)	-97.35	-104.26	-183.16	-215.86	-211.86	-159.49
Net Cash Per Share	-0.16	-0.18	-0.34	-0.39	-0.38	-0.27
Filing Date Shares Outstanding	548.8	433.67	503.37	527.03	558	555.18
Total Common Shares Outstanding	548.8	433.67	503.37	527.03	558	555.18
Working Capital	1,097	1,075	758.92	562.25	582.62	593.96
Book Value Per Share	2.99	3.80	3.31	3.04	2.81	3.97
Tangible Book Value	1,359	1,365	1,435	1,302	1,260	1,775
Tangible Book Value Per Share	2.48	3.15	2.85	2.47	2.26	3.20
Buildings	-	724.39	617.04	680.65	619.7	951.59
Machinery	-	708.03	649.76	653.96	676.75	776.07
Construction In Progress	-	14.71	64.92	3.48	0.24	79.91
Order Backlog	-	1,358	-	-	-	-

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