SHE:002693 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	65.73	59.05	45.11	3.39	12.2	21.62
Trading Asset Securities	8.41	0.05	0	28.52	133.81	55.4
Cash & Short-Term Investments	74.14	59.1	45.11	31.9	146.01	77.02
Cash Growth	123.17%	31.01%	41.39%	-78.15%	89.57%	-23.02%
Accounts Receivable	40.42	66.83	15.17	16.36	28.13	20.77
Other Receivables	11.84	11.65	11.39	11.74	11.58	11.85
Receivables	52.26	78.48	26.56	28.1	39.71	32.62
Inventory	71.16	66.09	80.54	74.31	65.41	55.24
Other Current Assets	1.97	1.05	3.76	0.93	1.26	0.57
Total Current Assets	199.54	204.71	155.97	135.24	252.39	165.45
Property, Plant & Equipment	400.59	399.69	420.62	457.6	471.77	504.73
Long-Term Investments	-	-	-	10	-	-
Other Intangible Assets	101.44	104.88	57.92	52.81	72.09	78.82
Long-Term Deferred Tax Assets	1.37	1.37	1	1.52	0.97	1.03
Long-Term Deferred Charges	95.47	90.34	124.25	124.22	96.3	80.14
Other Long-Term Assets	17.74	24.77	24.1	21.87	17.5	24.38
Total Assets	816.14	825.78	783.87	803.25	911.02	854.56
Accounts Payable	23.01	23.84	21.09	17.14	15.5	17.16
Accrued Expenses	9.76	30.44	16.38	24.52	36.35	40.61
Short-Term Debt	72.71	67.02	63.45	41	18.06	10.45
Current Portion of Long-Term Debt	139.73	124.72	28.26	10.05	205.3	0.25
Current Income Taxes Payable	8.18	-	-	-	-	-
Current Unearned Revenue	48.94	51.73	38.78	31.88	23.53	12.35
Other Current Liabilities	0.99	9.09	9.02	15.36	20.62	27.59
Total Current Liabilities	303.32	306.83	176.99	139.94	319.36	108.41
Long-Term Debt	82	89	184.5	135	-	167
Long-Term Unearned Revenue	9.07	7.59	8.56	8.03	7.64	8.87
Long-Term Deferred Tax Liabilities	1.82	1.82	2.21	2.63	3.08	3.53
Total Liabilities	396.21	405.25	372.26	285.6	330.08	287.8
Common Stock	414.69	414.69	414.69	416.73	414.74	412
Additional Paid-In Capital	369.91	369.91	369.91	371.65	368.98	354.38
Retained Earnings	-368.35	-371.8	-390.84	-312.53	-261.79	-270.8
Treasury Stock	-	-	-	-4.01	-8.02	-13.37
Comprehensive Income & Other	-0.35	-0.35	-0.35	-0.35	-0.36	-0.36
Total Common Equity	415.9	412.46	393.41	471.49	513.55	481.85
Minority Interest	4.03	8.07	18.2	46.16	67.39	84.9
Shareholders' Equity	419.93	420.53	411.61	517.65	580.94	566.75
Total Liabilities & Equity	816.14	825.78	783.87	803.25	911.02	854.56
Total Debt	294.43	280.73	276.21	186.05	223.36	177.7
Net Cash (Debt)	-220.29	-221.64	-231.1	-154.15	-77.35	-100.67
Net Cash Per Share	-0.58	-0.58	-0.56	-0.36	-0.17	-0.25
Filing Date Shares Outstanding	414.69	414.69	414.69	416.73	414.74	412
Total Common Shares Outstanding	414.69	414.69	414.69	416.73	414.74	412
Working Capital	-103.78	-102.12	-21.02	-4.71	-66.97	57.04
Book Value Per Share	1.00	0.99	0.95	1.13	1.24	1.17
Tangible Book Value	314.47	307.57	335.49	418.68	441.46	403.03
Tangible Book Value Per Share	0.76	0.74	0.81	1.00	1.06	0.98
Buildings	-	388.73	388.73	388.5	388.67	388.28
Machinery	-	455.58	441.57	435.36	418.58	406.11
Construction In Progress	-	23.86	16.99	18	4.14	3.02

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