SHE:002765 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Cash & Equivalents	706.61	815.45	710.18	675.38	650.8	489.92
Trading Asset Securities	-	-	-	-	1.94	16.88
Cash & Short-Term Investments	706.61	815.45	710.18	675.38	652.74	506.8
Cash Growth	-0.26%	14.82%	5.15%	3.47%	28.80%	11.76%
Accounts Receivable	1,282	1,371	1,269	941	870.23	998.48
Other Receivables	11.83	21.09	12.1	6.42	25.35	18.4
Receivables	1,294	1,392	1,281	947.66	895.57	1,018
Inventory	908.78	835.5	730.72	759.71	646.28	736.69
Prepaid Expenses	-	-	-	4.65	3.91	-
Other Current Assets	77.22	66.94	70.38	103.98	43.14	57.05
Total Current Assets	2,987	3,110	2,792	2,491	2,242	2,319
Property, Plant & Equipment	2,193	2,177	1,990	1,745	1,241	1,097
Long-Term Investments	8.22	8.54	3.79	3.9	4.06	4.64
Goodwill	131.67	131.67	131.67	131.67	501.17	501.17
Other Intangible Assets	246.08	249.61	261.62	278.38	261.87	273.82
Long-Term Deferred Tax Assets	122.49	120.55	117.59	127.02	116.85	108.57
Long-Term Deferred Charges	69.68	73.8	75.51	94.19	38.01	32.89
Other Long-Term Assets	148.24	125.51	103.03	207.65	345.95	36.39
Total Assets	5,906	5,997	5,476	5,079	4,751	4,373
Accounts Payable	1,421	1,570	1,400	1,319	933.93	1,003
Accrued Expenses	41.44	71.44	73.38	64.57	53.74	89.2
Short-Term Debt	444.81	439.01	341.14	240.95	437.1	304.25
Current Portion of Long-Term Debt	257.73	209.39	195.72	42.05	45	20
Current Portion of Leases	-	11.57	12.38	11.59	26.26	22.38
Current Income Taxes Payable	24.5	4.67	0.85	2.17	5	14.64
Current Unearned Revenue	12.45	11.49	9.48	8.25	44.55	9.92
Other Current Liabilities	13.17	15.47	52.78	28.7	43.99	48.3
Total Current Liabilities	2,215	2,333	2,085	1,718	1,590	1,512
Long-Term Debt	537.01	525.15	420.61	438.99	284.29	145
Long-Term Leases	26.93	27.77	12.39	22.85	32.4	36.76
Long-Term Unearned Revenue	211.26	213.04	212.23	243.77	289.28	339.54
Long-Term Deferred Tax Liabilities	14.37	14.87	15.23	18.6	23	1.62
Other Long-Term Liabilities	239.98	239.98	239.98	239.98	239.98	251
Total Liabilities	3,244	3,354	2,986	2,682	2,459	2,286
Common Stock	652.13	652.13	652.13	655.79	583.05	582.63
Additional Paid-In Capital	1,538	1,538	1,546	1,555	1,087	1,065
Retained Earnings	471.9	452.84	268.04	176.37	573.86	418.56
Treasury Stock	-	-	-	-12.68	-26.87	-25.78
Total Common Equity	2,661	2,643	2,466	2,375	2,217	2,041
Minority Interest	0.32	0.23	23.23	22.19	75.22	46.71
Shareholders' Equity	2,662	2,643	2,490	2,397	2,292	2,088
Total Liabilities & Equity	5,906	5,997	5,476	5,079	4,751	4,373
Total Debt	1,266	1,213	982.25	756.43	825.06	528.39
Net Cash (Debt)	-559.87	-397.43	-272.07	-81.05	-172.32	-21.59
Net Cash Per Share	-0.85	-0.60	-0.42	-0.13	-0.30	-0.04
Filing Date Shares Outstanding	635.05	652.13	652.13	702.54	649.13	575.18
Total Common Shares Outstanding	635.05	652.13	652.13	702.54	575	575.18
Working Capital	772.16	777.37	706.55	773.75	652.07	806.94
Book Value Per Share	4.19	4.05	3.78	3.38	3.86	3.55
Tangible Book Value	2,284	2,261	2,073	1,965	1,454	1,266
Tangible Book Value Per Share	3.60	3.47	3.18	2.80	2.53	2.20
Buildings	-	507.91	486.3	348.9	347.36	338.84
Machinery	-	2,890	2,477	2,229	1,598	1,470
Construction In Progress	-	134.31	201.55	133.64	128.33	45.45

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