SHE:002753 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	360.95	551.98	117.12	184.77	105.69	164.26
Short-Term Investments	-	-	-	60.81	188.23	39.5
Cash & Short-Term Investments	360.95	551.98	117.12	245.58	293.91	203.76
Cash Growth	211.63%	371.28%	-52.31%	-16.45%	44.25%	-44.62%
Accounts Receivable	887.23	864.03	1,053	1,036	898.97	929.02
Other Receivables	1.33	1.64	1.57	3.69	2.16	1.76
Receivables	888.55	865.67	1,054	1,040	901.13	930.78
Inventory	532.31	372.34	391.89	444.47	644.53	347.1
Other Current Assets	269.28	129.64	84.89	76.9	118.98	85.97
Total Current Assets	2,051	1,920	1,648	1,807	1,959	1,568
Property, Plant & Equipment	1,527	1,508	1,300	1,144	1,116	982.32
Long-Term Investments	174.47	171.2	171.38	167.78	166.31	163.65
Other Intangible Assets	94.51	95.12	97.56	99.99	95.33	101.43
Long-Term Deferred Tax Assets	13	13.57	14.31	9.48	8.08	10.59
Other Long-Term Assets	57.88	41.75	33.22	26.05	9.56	20.48
Total Assets	3,918	3,749	3,264	3,254	3,354	2,846
Accounts Payable	215.17	153.19	134.4	122.71	207.66	210.04
Accrued Expenses	19.7	14.92	30.75	21.89	14.09	17.54
Short-Term Debt	40.03	20.02	50.05	90.1	52.06	50.06
Current Portion of Long-Term Debt	-	138.42	89.46	73.19	361.8	4.35
Current Income Taxes Payable	-	3.23	3.76	11.71	0.2	-
Current Unearned Revenue	30.05	12.35	10.85	10.96	11.73	12.4
Other Current Liabilities	151.79	26.51	3.69	4.05	2.37	2.89
Total Current Liabilities	456.75	368.64	322.97	334.62	649.9	297.28
Long-Term Debt	773.65	695.57	593.69	600.81	486.28	316.91
Long-Term Unearned Revenue	10.17	10.47	11.65	12.83	14.15	14.83
Total Liabilities	1,241	1,075	928.31	948.26	1,150	629.02
Common Stock	428.68	428.68	375.69	375.69	375.47	375.44
Additional Paid-In Capital	816.27	816.27	511.28	511.23	427.74	427.51
Retained Earnings	1,428	1,427	1,444	1,383	1,288	1,328
Treasury Stock	-31.65	-31.65	-31.65	-	-	-
Comprehensive Income & Other	35.63	34.18	36.75	35.38	112.28	86.16
Shareholders' Equity	2,677	2,675	2,336	2,305	2,203	2,217
Total Liabilities & Equity	3,918	3,749	3,264	3,254	3,354	2,846
Total Debt	813.68	854	733.21	764.11	900.14	371.33
Net Cash (Debt)	-452.73	-302.02	-616.09	-518.53	-606.23	-167.57
Net Cash Per Share	-1.16	-0.80	-1.58	-1.35	-1.61	-0.42
Filing Date Shares Outstanding	430.36	375.94	370.42	370.71	375.47	375.44
Total Common Shares Outstanding	430.36	375.94	370.42	375.69	375.47	375.44
Working Capital	1,594	1,551	1,325	1,472	1,309	1,270
Book Value Per Share	6.22	7.11	6.31	6.14	5.87	5.91
Tangible Book Value	2,583	2,579	2,238	2,205	2,108	2,116
Tangible Book Value Per Share	6.00	6.86	6.04	5.87	5.61	5.64
Buildings	-	-	389.56	297.26	295.65	211.67
Machinery	-	-	1,391	1,083	1,066	715.53
Construction In Progress	-	-	35.22	196.75	110.22	356.06

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