SHE:002678 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	392.8	689.38	841.3	1,157	1,480	1,636
Trading Asset Securities	292.4	88	100	318	621.81	405.59
Cash & Short-Term Investments	685.19	777.38	941.3	1,475	2,102	2,042
Cash Growth	-19.26%	-17.41%	-36.19%	-29.82%	2.94%	5.79%
Accounts Receivable	128.12	96.89	47.85	40.18	54.45	64.86
Other Receivables	15.15	12.85	35.6	61.28	33.3	18.16
Receivables	143.27	109.73	83.45	101.46	87.75	83.03
Inventory	977.79	1,003	1,171	1,267	1,145	1,030
Prepaid Expenses	-	0.61	0.38	2.57	0.65	0.23
Other Current Assets	47.18	41.42	27.3	10.35	22.95	35.26
Total Current Assets	1,853	1,932	2,223	2,856	3,359	3,191
Property, Plant & Equipment	913.61	909.53	915.96	831.23	859.46	906.36
Long-Term Investments	299.47	299.48	294.2	302.85	312.88	310.55
Goodwill	-	-	-	18.16	17.15	16.68
Other Intangible Assets	259.07	261.78	151.89	152.6	158.4	164.7
Long-Term Deferred Tax Assets	61.46	62.98	85.17	59.32	66.55	64.34
Long-Term Deferred Charges	4.38	3.81	1.08	1.76	0.89	0.94
Other Long-Term Assets	342.59	349.22	314.88	334.64	343.9	366.62
Total Assets	3,734	3,819	3,986	4,557	5,118	5,021
Accounts Payable	68.25	60.52	76.91	200.96	472.49	445.07
Accrued Expenses	36.13	53.16	46.49	76.21	70.51	85.11
Short-Term Debt	57.08	55.12	74.76	256.89	500.91	358.43
Current Portion of Long-Term Debt	18.68	11.35	0.1	50.04	7.74	-
Current Portion of Leases	-	7.37	7.18	9.13	-	6.46
Current Income Taxes Payable	8.94	0.34	0.11	0.33	0.87	9.26
Current Unearned Revenue	37.8	45	53.42	75.25	110.7	159.84
Other Current Liabilities	50.07	74.21	52.88	68.23	76.51	148.53
Total Current Liabilities	276.95	307.06	311.84	737.02	1,240	1,213
Long-Term Debt	235.57	215.84	123.4	-	50	50
Long-Term Leases	22.25	24.71	32.21	33.04	19.19	18.21
Long-Term Unearned Revenue	31.41	32.32	34.35	39.04	34.54	36.88
Pension & Post-Retirement Benefits	-	9.48	14.18	15.52	21.67	20.72
Long-Term Deferred Tax Liabilities	0.86	1.12	1.37	2.93	5.09	5.31
Other Long-Term Liabilities	100.45	106.04	0.16	0.92	1.18	0.39
Total Liabilities	667.5	696.57	517.51	828.47	1,371	1,344
Common Stock	1,358	1,358	1,360	1,361	1,363	1,358
Additional Paid-In Capital	981.18	981.18	984.74	989.6	994.02	981.28
Retained Earnings	658.92	704.37	1,078	1,317	1,349	1,284
Treasury Stock	-	-	-5.05	-10.37	-17.29	-
Comprehensive Income & Other	46.28	54.87	32.93	42.87	25.28	21.22
Total Common Equity	3,045	3,099	3,451	3,700	3,714	3,645
Minority Interest	21.81	23.7	17.84	28.1	32.28	31.96
Shareholders' Equity	3,067	3,122	3,469	3,728	3,747	3,677
Total Liabilities & Equity	3,734	3,819	3,986	4,557	5,118	5,021
Total Debt	333.58	314.39	237.64	349.09	577.84	433.11
Net Cash (Debt)	351.61	462.99	703.66	1,126	1,524	1,609
Net Cash Growth	-44.46%	-34.20%	-37.51%	-26.12%	-5.27%	7.98%
Net Cash Per Share	0.25	0.35	0.51	0.77	1.11	1.18
Filing Date Shares Outstanding	1,515	1,358	1,360	1,361	1,370	1,358
Total Common Shares Outstanding	1,515	1,358	1,360	1,361	1,370	1,358
Working Capital	1,576	1,625	1,911	2,119	2,119	1,978
Book Value Per Share	2.01	2.28	2.54	2.72	2.71	2.68
Tangible Book Value	2,786	2,837	3,299	3,529	3,539	3,463
Tangible Book Value Per Share	1.84	2.09	2.43	2.59	2.58	2.55
Buildings	-	848.49	919.22	920.71	900.13	896.89
Machinery	-	575.35	630.32	652.96	646.72	634.17
Construction In Progress	-	274.55	172.1	20.58	15.39	8.33

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