SHE:002769 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	376.78	400.46	338.73	2,634	3,736	844.48
Trading Asset Securities	28.3	1.6	26.11	5.16	5.41	0.65
Cash & Short-Term Investments	405.08	402.06	364.84	2,639	3,741	845.14
Cash Growth	-17.38%	10.20%	-86.17%	-29.47%	342.70%	-77.40%
Accounts Receivable	110.82	95.5	175.18	203.55	405.2	705.51
Other Receivables	1,160	1,485	7,677	2,588	2,368	1,706
Receivables	1,271	1,581	7,852	2,792	2,773	2,411
Inventory	10.17	10.09	56.85	91.49	42.13	145.1
Prepaid Expenses	-	-	0.24	3.53	15.11	6.8
Other Current Assets	106.33	107.84	88.79	95	115.42	115.94
Total Current Assets	1,792	2,101	8,363	5,621	6,687	3,524
Property, Plant & Equipment	488.85	478.06	313.49	216.56	61.32	18.6
Long-Term Investments	145.66	145.66	146.21	151.29	153.57	133.57
Other Intangible Assets	0.88	0.96	0.64	1.02	1.32	1.99
Long-Term Accounts Receivable	-	-	2.9	21.85	33.67	47.61
Long-Term Deferred Tax Assets	91.6	92.12	107.59	106.44	107.07	76.63
Long-Term Deferred Charges	2.07	2.23	5.55	8.59	-	-
Other Long-Term Assets	1.76	2.15	4.65	3.43	12.46	4
Total Assets	2,523	2,822	8,944	6,130	7,057	3,807
Accounts Payable	59.17	78.02	115.23	140.64	85.4	167.49
Accrued Expenses	5.56	112.25	83.5	62.69	66.99	83.36
Short-Term Debt	257.97	194.42	232.31	2,146	3,339	1,102
Current Portion of Long-Term Debt	15.12	12.16	9.3	4.4	0.42	-
Current Portion of Leases	-	5.28	9.56	14.06	12.16	10.71
Current Income Taxes Payable	87.52	1.09	0.12	0.16	0.17	0.68
Current Unearned Revenue	24.25	27.25	64.47	19.68	44.39	63.64
Other Current Liabilities	876.32	1,202	7,263	2,434	2,095	898.37
Total Current Liabilities	1,326	1,633	7,778	4,822	5,643	2,327
Long-Term Debt	50.65	46.2	40.74	14.57	0.88	-
Long-Term Leases	16.68	15.35	13.72	19.28	27.73	1.56
Long-Term Deferred Tax Liabilities	6.94	1	7.78	2.7	3.72	0.16
Other Long-Term Liabilities	-	-	0.94	1.56	2.24	3.62
Total Liabilities	1,400	1,695	7,841	4,860	5,678	2,332
Common Stock	373.32	373.32	373.32	373.32	373.32	373.32
Additional Paid-In Capital	243.17	253.04	253.04	255.87	255.08	255.03
Retained Earnings	603.64	599.92	567.12	651.7	752.01	841.96
Treasury Stock	-39.15	-39.15	-39.15	-	-	-
Comprehensive Income & Other	-5.13	-6.35	-8.54	-2.03	-5.85	2.69
Total Common Equity	1,176	1,181	1,146	1,279	1,375	1,473
Minority Interest	-52.89	-54.4	-42.24	-9.05	4.27	1.71
Shareholders' Equity	1,123	1,126	1,104	1,270	1,379	1,475
Total Liabilities & Equity	2,523	2,822	8,944	6,130	7,057	3,807
Total Debt	340.42	273.41	305.63	2,199	3,380	1,115
Net Cash (Debt)	64.66	128.65	59.2	440.48	361.64	-269.51
Net Cash Growth	-80.25%	117.29%	-86.56%	21.80%	-	-
Net Cash Per Share	0.18	0.35	0.16	1.19	0.96	-0.73
Filing Date Shares Outstanding	366.49	366.49	366.49	368.54	373.32	373.32
Total Common Shares Outstanding	366.49	366.49	366.49	373.32	373.32	373.32
Working Capital	466.41	467.75	585.7	798.72	1,044	1,198
Book Value Per Share	3.21	3.22	3.13	3.43	3.68	3.95
Tangible Book Value	1,175	1,180	1,145	1,278	1,373	1,471
Tangible Book Value Per Share	3.21	3.22	3.12	3.42	3.68	3.94
Buildings	-	-	6.37	6.37	6.37	6.37
Machinery	-	462.59	263.62	146.43	22.12	14.62
Construction In Progress	-	33.45	48.64	50.36	7.74	-

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