SHE:002686 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	470.52	438.73	427.92	344.5	236.5	204.28
Short-Term Investments	-	-	-	-	-	50
Trading Asset Securities	55.24	75.89	146.12	2.66	3.36	5.16
Cash & Short-Term Investments	525.76	514.63	574.04	347.16	239.86	259.44
Cash Growth	-18.55%	-10.35%	65.35%	44.73%	-7.55%	-61.75%
Accounts Receivable	395.79	552.75	608.51	669.58	759.98	537.71
Other Receivables	9.89	63.54	4.04	4.74	5.33	110.22
Receivables	405.67	616.29	612.55	674.33	765.31	647.93
Inventory	481.31	467.17	564.66	524.28	531.26	542.91
Prepaid Expenses	-	-	2.23	1.18	0.16	0
Other Current Assets	98.35	101.9	108.13	99.41	97.05	92.13
Total Current Assets	1,511	1,700	1,862	1,646	1,634	1,542
Property, Plant & Equipment	552.05	569.25	648.28	674.98	652.78	680.29
Goodwill	154.51	154.51	169.87	198.86	219.38	226.57
Other Intangible Assets	286.05	292.02	318.7	320.12	326.46	328.35
Long-Term Deferred Tax Assets	98.87	98.07	85.53	62.09	62.23	55.32
Long-Term Deferred Charges	6.24	4.6	56.4	62.46	65.86	75.21
Other Long-Term Assets	5.13	2.66	3.42	16.89	22.26	15.57
Total Assets	2,614	2,821	3,144	2,982	2,983	2,924
Accounts Payable	410.71	566.19	721.18	616.08	663.67	520.63
Accrued Expenses	25.56	61.78	78.67	65.14	59.69	51.24
Short-Term Debt	145.21	182.52	311.04	355.49	221.16	347.69
Current Portion of Long-Term Debt	153.12	155.14	41.22	45.05	60.74	47.33
Current Portion of Leases	-	-	8.68	8.2	6.41	8.32
Current Income Taxes Payable	9.87	13.26	0.67	0.81	1.71	14.78
Current Unearned Revenue	30.01	20.17	21.25	29.53	22.35	24.91
Other Current Liabilities	19.53	6.6	6.68	10.87	34.55	19.23
Total Current Liabilities	794	1,006	1,189	1,131	1,070	1,034
Long-Term Debt	-	-	118.4	30.34	100.71	111.25
Long-Term Leases	3.37	3.79	6.27	12.41	7.72	9.42
Long-Term Unearned Revenue	30.66	31.6	34.52	35.4	36.2	37.11
Long-Term Deferred Tax Liabilities	32.56	32.78	33.29	33.39	36.2	36.17
Other Long-Term Liabilities	20.26	17.99	18.65	10.23	15.08	12.93
Total Liabilities	880.85	1,092	1,401	1,253	1,266	1,241
Common Stock	566.24	566.24	566.24	566.24	566.24	566.24
Additional Paid-In Capital	824.61	824.61	824.61	824.61	824.61	824.61
Retained Earnings	250.96	249.33	224.48	213.11	203.83	176.84
Treasury Stock	-39.29	-39.29	-	-	-	-
Comprehensive Income & Other	10.94	9.74	8.76	6.26	2.69	0.76
Total Common Equity	1,613	1,611	1,624	1,610	1,597	1,568
Minority Interest	119.63	118.65	119.19	118.61	119.06	114.27
Shareholders' Equity	1,733	1,729	1,743	1,729	1,716	1,683
Total Liabilities & Equity	2,614	2,821	3,144	2,982	2,983	2,924
Total Debt	301.7	341.45	485.61	451.49	396.74	524.01
Net Cash (Debt)	224.06	173.18	88.43	-104.34	-156.88	-264.57
Net Cash Growth	67.88%	95.84%	-	-	-	-
Net Cash Per Share	0.40	0.31	0.16	-0.18	-0.28	-0.47
Filing Date Shares Outstanding	561.96	565.41	566.24	566.24	566.24	566.24
Total Common Shares Outstanding	561.96	565.41	566.24	566.24	566.24	566.24
Working Capital	717.09	694.33	672.21	515.18	563.36	508.27
Book Value Per Share	2.87	2.85	2.87	2.84	2.82	2.77
Tangible Book Value	1,173	1,164	1,136	1,091	1,052	1,014
Tangible Book Value Per Share	2.09	2.06	2.01	1.93	1.86	1.79
Buildings	-	-	541.2	538.54	486.75	408.46
Machinery	-	-	725.3	682.01	644.94	638.38
Construction In Progress	-	-	6.66	17.21	41.21	101.18

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