SHE:002676 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	568.75	364.56	417.21	227.62	188.58	176.68
Trading Asset Securities	47.61	47.61	-	-	4.7	-
Cash & Short-Term Investments	616.36	412.17	417.21	227.62	193.29	176.68
Cash Growth	40.89%	-1.21%	83.29%	17.76%	9.40%	-10.71%
Accounts Receivable	1,265	1,267	1,283	923.5	720.24	647.58
Other Receivables	7.36	5.42	5.37	87.82	101.45	70.66
Receivables	1,272	1,272	1,289	1,011	821.7	718.23
Inventory	533.74	550.42	646.59	436.39	433.18	413.9
Other Current Assets	151.54	137.94	147.16	99.61	85.67	70.66
Total Current Assets	2,574	2,373	2,500	1,775	1,534	1,379
Property, Plant & Equipment	868.3	902.81	811.1	565.71	556.59	553.24
Long-Term Investments	31.8	31.8	31.33	9.33	-	5.4
Goodwill	129.33	129.33	158.44	-	-	-
Other Intangible Assets	101.13	101.41	107.51	100.06	102.97	97.39
Long-Term Deferred Tax Assets	72.67	71.54	67.72	59.28	51.65	50.59
Long-Term Deferred Charges	95.54	96.65	39.63	28.07	25.4	25.71
Other Long-Term Assets	17.22	15.73	18.15	19.59	19.23	10.08
Total Assets	3,890	3,722	3,734	2,557	2,290	2,122
Accounts Payable	599.65	553.16	689.31	555.28	391.93	342.02
Accrued Expenses	78.19	81.85	69.3	37.79	50.2	49.05
Short-Term Debt	526.5	561.25	854.88	460.97	490.94	463.68
Current Portion of Long-Term Debt	305.1	260.37	67.19	27.95	-	-
Current Portion of Leases	-	33.2	34.5	19.29	16.05	17.12
Current Income Taxes Payable	21.34	6.02	8.49	5.51	3.92	0.87
Current Unearned Revenue	25.72	17.49	17.94	24.43	10.41	12.2
Other Current Liabilities	38.65	28.1	30.57	23.82	22.94	20.99
Total Current Liabilities	1,595	1,541	1,772	1,155	986.38	905.91
Long-Term Debt	578.03	471.98	456.67	129.71	66.2	11.13
Long-Term Leases	211.79	219.06	111.86	36.98	34.12	46.75
Long-Term Unearned Revenue	28.78	32.88	36.42	37.45	41.43	40.39
Long-Term Deferred Tax Liabilities	2.55	2.89	3.92	0.17	1.2	1.43
Other Long-Term Liabilities	2.71	2.5	1.2	-	-	-
Total Liabilities	2,419	2,271	2,382	1,359	1,129	1,006
Common Stock	720	720	720	720	720	720
Additional Paid-In Capital	76.26	76.26	75.77	60.72	60.72	60.72
Retained Earnings	547.16	520.89	448.37	401.42	366.2	323.88
Comprehensive Income & Other	2.12	8.9	-6.26	-0.96	-3	-6.99
Total Common Equity	1,346	1,326	1,238	1,181	1,144	1,098
Minority Interest	125.02	125.1	113.52	16.46	16.4	18.67
Shareholders' Equity	1,471	1,451	1,351	1,198	1,160	1,116
Total Liabilities & Equity	3,890	3,722	3,734	2,557	2,290	2,122
Total Debt	1,621	1,546	1,525	674.9	607.31	538.68
Net Cash (Debt)	-1,005	-1,134	-1,108	-447.28	-414.03	-362
Net Cash Per Share	-1.40	-1.57	-1.54	-0.62	-0.58	-0.50
Filing Date Shares Outstanding	719.68	720	720	720	720	720
Total Common Shares Outstanding	719.68	720	720	720	720	720
Working Capital	978.44	831.21	727.57	619.9	547.45	473.56
Book Value Per Share	1.87	1.84	1.72	1.64	1.59	1.52
Tangible Book Value	1,115	1,095	971.92	1,081	1,041	1,000
Tangible Book Value Per Share	1.55	1.52	1.35	1.50	1.45	1.39
Buildings	-	-	433.18	432.98	432.55	432.18
Machinery	-	-	1,163	602.63	550.6	495.37
Construction In Progress	-	-	6.23	27.29	33.77	37.67

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