SHE:002741 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	732.16	743.87	639.25	328.63	330.38	236.37
Trading Asset Securities	-	-	100.16	-	-	-
Cash & Short-Term Investments	732.16	743.87	739.4	328.63	330.38	236.37
Cash Growth	-3.79%	0.60%	124.99%	-0.53%	39.77%	-8.37%
Accounts Receivable	1,239	1,068	882.55	813.67	847.53	956.46
Other Receivables	30.46	38.62	6.2	12.56	9.62	11.9
Receivables	1,269	1,106	888.74	826.23	857.15	968.35
Inventory	426.09	302.14	238.11	269.95	762.01	489.95
Prepaid Expenses	-	1.72	2.39	-	-	-
Other Current Assets	249.13	201.2	204.08	187.99	180.91	146.06
Total Current Assets	2,677	2,355	2,073	1,613	2,130	1,841
Property, Plant & Equipment	1,115	1,122	1,161	1,338	1,293	1,036
Long-Term Investments	6.51	6.77	3.93	0.66	40.66	0.71
Other Intangible Assets	39.62	40.25	83.34	85.61	102.41	24.02
Long-Term Deferred Tax Assets	155.44	158.54	166.11	172.72	90.23	32.55
Long-Term Deferred Charges	38.76	40.2	13.46	19.28	20.99	15.18
Other Long-Term Assets	49.86	46.82	10.99	13.35	50.74	82.62
Total Assets	4,081	3,770	3,511	3,242	3,729	3,032
Accounts Payable	775.01	661.09	543.5	648.03	660.16	579.31
Accrued Expenses	22.99	86.92	86.36	80.32	77.82	76.92
Short-Term Debt	835.18	723.68	573.95	485.37	539.96	452.06
Current Portion of Long-Term Debt	-	-	-	50.47	15.09	24.13
Current Portion of Leases	0.81	0.75	17.67	6.48	31.95	41.8
Current Income Taxes Payable	10.75	3.3	-	-	-	0.12
Current Unearned Revenue	10.08	13.82	15.82	3.72	5.99	5.49
Other Current Liabilities	275.89	214.04	225.97	247.45	234.27	196.05
Total Current Liabilities	1,931	1,704	1,463	1,522	1,565	1,376
Long-Term Debt	114.97	74.97	149.98	311.7	331.91	7.76
Long-Term Leases	0.21	0.05	1.49	9.69	8.09	33.84
Long-Term Unearned Revenue	35.73	36.42	32.99	26.62	26.02	31.8
Long-Term Deferred Tax Liabilities	16.54	16.8	18.02	24.01	26.79	-
Other Long-Term Liabilities	-	-	12.5	-	-	-
Total Liabilities	2,098	1,832	1,678	1,894	1,958	1,449
Common Stock	465.02	465.02	465.02	399.48	398.32	393.36
Additional Paid-In Capital	1,298	1,298	1,298	674.95	667.64	586.19
Retained Earnings	213.14	171.99	68.09	273.03	703.75	598.68
Comprehensive Income & Other	5.28	1.12	0.99	-0.03	-0.01	0.53
Total Common Equity	1,982	1,936	1,832	1,347	1,770	1,579
Minority Interest	1.41	1.39	0.61	0.77	0.99	3.77
Shareholders' Equity	1,983	1,938	1,833	1,348	1,771	1,583
Total Liabilities & Equity	4,081	3,770	3,511	3,242	3,729	3,032
Total Debt	951.18	799.45	743.08	863.71	927	559.58
Net Cash (Debt)	-219.02	-55.58	-3.68	-535.08	-596.62	-323.21
Net Cash Per Share	-0.47	-0.12	-0.01	-1.34	-1.48	-0.83
Filing Date Shares Outstanding	465.02	465.02	465.02	399.48	398.32	393.36
Total Common Shares Outstanding	465.02	465.02	465.02	399.48	398.32	393.36
Working Capital	745.88	651.57	609.45	90.96	565.2	464.85
Book Value Per Share	4.26	4.16	3.94	3.37	4.44	4.01
Tangible Book Value	1,942	1,896	1,749	1,262	1,667	1,555
Tangible Book Value Per Share	4.18	4.08	3.76	3.16	4.19	3.95
Buildings	-	540.48	598.35	601.28	541.97	468.48
Machinery	-	892.16	950.71	1,002	914.56	592.47
Construction In Progress	-	166.45	23.85	61.68	49.33	112.55

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