SHE:002685 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	894.15	715.48	750.67	470.35	346.62	158.82
Trading Asset Securities	-	190.05	157.04	-	130	137
Cash & Short-Term Investments	894.15	905.53	907.71	470.35	476.62	295.82
Cash Growth	15.92%	-0.24%	92.99%	-1.32%	61.12%	4.69%
Accounts Receivable	302.44	207.54	154.04	100.58	932.17	1,226
Other Receivables	314.59	414	363.24	2.03	49.91	42.9
Receivables	617.03	621.53	517.28	102.61	982.07	1,269
Inventory	511.01	863.83	556.58	342.01	615.57	1,283
Other Current Assets	69.25	22.96	201.8	1,325	77.73	96.26
Total Current Assets	2,091	2,414	2,183	2,240	2,152	2,944
Property, Plant & Equipment	191.47	139.24	643.02	758.12	546.29	484.54
Long-Term Investments	28.93	29.73	10.84	10.68	10.67	10.73
Goodwill	26.42	26.42	76.42	-	366.09	366.09
Other Intangible Assets	88.28	90.62	51.45	39.7	99.02	106.05
Long-Term Accounts Receivable	-	16.52	45.74	15.27	8.28	79.1
Long-Term Deferred Tax Assets	43.29	42.53	0.04	33.94	119.14	102.41
Long-Term Deferred Charges	-	43.42	31.34	9.14	21.24	5.77
Other Long-Term Assets	42.09	1.8	2.01	2.47	54.58	11.74
Total Assets	2,512	2,804	3,044	3,109	3,377	4,111
Accounts Payable	230.4	257.53	457.92	659.64	287.58	505.6
Accrued Expenses	11.12	32.59	31.47	29.44	36.98	37.06
Short-Term Debt	51.22	80.8	94.53	160.78	247.18	343.38
Current Portion of Long-Term Debt	1.75	-	-	-	32.78	26.67
Current Portion of Leases	-	1.64	10.8	5.12	0.92	1.04
Current Income Taxes Payable	5.52	3.63	4.3	0.26	0.94	-
Current Unearned Revenue	501.25	807.73	789.23	221.57	301.63	543.75
Other Current Liabilities	27.76	3.16	54.33	483.83	67.48	121.65
Total Current Liabilities	829.04	1,187	1,443	1,561	975.49	1,579
Long-Term Debt	18.17	-	-	-	40.66	53.33
Long-Term Leases	2.59	2.25	5.78	10.96	12.1	1.25
Long-Term Unearned Revenue	-	-	94.22	64.22	46.17	49.86
Long-Term Deferred Tax Liabilities	0.69	1.18	3.2	-	4.45	5.2
Other Long-Term Liabilities	-	-	-	59.5	58.57	7.86
Total Liabilities	850.48	1,191	1,546	1,695	1,137	1,697
Common Stock	1,008	1,008	1,008	1,008	1,008	1,008
Additional Paid-In Capital	3,024	3,024	3,024	3,024	3,024	3,024
Retained Earnings	-2,398	-2,452	-2,517	-2,640	-1,829	-1,651
Comprehensive Income & Other	15.19	15.34	16.32	38.23	37.41	33.01
Total Common Equity	1,649	1,595	1,531	1,430	2,240	2,414
Minority Interest	12.02	18.18	-32.34	-15.77	-	-
Shareholders' Equity	1,661	1,614	1,498	1,414	2,240	2,414
Total Liabilities & Equity	2,512	2,804	3,044	3,109	3,377	4,111
Total Debt	73.74	84.69	111.11	176.86	333.64	425.67
Net Cash (Debt)	820.41	820.84	796.61	293.49	142.98	-129.84
Net Cash Growth	22.49%	3.04%	171.42%	105.26%	-	-
Net Cash Per Share	0.81	0.81	0.79	0.29	0.14	-0.13
Filing Date Shares Outstanding	1,008	1,008	1,008	1,008	1,008	1,008
Total Common Shares Outstanding	1,008	1,008	1,008	1,008	1,008	1,008
Working Capital	1,262	1,227	740.78	679.26	1,177	1,365
Book Value Per Share	1.64	1.58	1.52	1.42	2.22	2.40
Tangible Book Value	1,535	1,478	1,403	1,390	1,775	1,942
Tangible Book Value Per Share	1.52	1.47	1.39	1.38	1.76	1.93
Buildings	-	152.94	152.94	152.91	401.27	400.97
Machinery	-	109.56	281.18	387.61	383.82	268.26
Construction In Progress	-	26.58	352.83	370.5	-	2.64

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