SHE:002775 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	254.37	329.92	426.59	267.19	220.72	243.62
Cash & Short-Term Investments	254.37	329.92	426.59	267.19	220.72	243.62
Cash Growth	-43.40%	-22.66%	59.66%	21.05%	-9.40%	-82.15%
Accounts Receivable	1,842	1,809	2,001	2,323	1,840	1,604
Other Receivables	45.53	44.13	66.8	64.99	45.84	47.94
Receivables	1,888	1,854	2,068	2,388	1,885	1,652
Inventory	261.57	217.44	343.95	353.34	272.62	317.1
Prepaid Expenses	-	-	-	-	0.11	0.11
Other Current Assets	125.47	119.56	83.23	63.54	50.16	49.32
Total Current Assets	2,529	2,520	2,922	3,073	2,429	2,262
Property, Plant & Equipment	826.23	826.63	427.86	571.71	524.11	460.78
Long-Term Investments	44.19	45.38	52.6	52.57	53.65	55.29
Goodwill	44.06	44.06	51.59	48.6	29.9	31.74
Other Intangible Assets	63.41	64.89	70.63	84.48	89.6	95.26
Long-Term Accounts Receivable	-	-	321.29	389.69	579.57	935.08
Long-Term Deferred Tax Assets	379.3	377.62	386.33	379.63	367.62	305.61
Long-Term Deferred Charges	94.3	99.93	138.15	129.54	107.14	119.93
Other Long-Term Assets	2,279	2,283	1,819	1,167	834.07	286.3
Total Assets	6,260	6,262	6,189	5,896	5,015	4,552
Accounts Payable	1,629	1,713	2,373	2,395	1,860	1,812
Accrued Expenses	11.51	16.08	52.51	30.33	26.56	18.02
Short-Term Debt	580.77	630.5	1,417	1,313	1,276	603.67
Current Portion of Long-Term Debt	1,413	1,498	187.49	118.99	66.07	34
Current Portion of Leases	-	-	1.96	13.88	14.95	0.29
Current Income Taxes Payable	2.46	7.31	0.91	1.28	1.94	1.03
Current Unearned Revenue	78.63	42.67	29.72	20.44	42.18	43.59
Other Current Liabilities	1,127	1,110	258.33	186.43	172.91	172.43
Total Current Liabilities	4,842	5,017	4,320	4,079	3,461	2,685
Long-Term Debt	537.08	362	1,550	1,356	1,211	1,213
Long-Term Leases	89.22	80.74	14.19	8.11	6.74	-
Long-Term Unearned Revenue	-	-	5.68	5.5	0.14	-
Long-Term Deferred Tax Liabilities	2.36	2.36	4.32	1.98	2.24	0.01
Other Long-Term Liabilities	707.1	706.57	48.33	86.14	99.93	51.54
Total Liabilities	6,178	6,169	5,943	5,538	4,782	3,950
Common Stock	636.28	636.25	603.36	612.77	512.77	512.77
Additional Paid-In Capital	1,355	1,354	1,224	1,280	1,095	1,095
Retained Earnings	-2,039	-2,025	-1,734	-1,616	-1,467	-1,099
Treasury Stock	-	-	-	-64.3	-64.34	-64.62
Comprehensive Income & Other	104.1	100.45	119.2	100.32	100.15	102.2
Total Common Equity	56.13	66.4	212.08	312.1	176.58	546.4
Minority Interest	25.87	26.57	33.83	46.38	56.32	56.2
Shareholders' Equity	82	92.97	245.92	358.48	232.9	602.6
Total Liabilities & Equity	6,260	6,262	6,189	5,896	5,015	4,552
Total Debt	2,620	2,571	3,170	2,811	2,576	1,851
Net Cash (Debt)	-2,366	-2,241	-2,744	-2,543	-2,355	-1,607
Net Cash Per Share	-3.83	-3.64	-4.42	-4.26	-4.61	-3.13
Filing Date Shares Outstanding	604.3	657.58	603.36	603.33	603.32	503.28
Total Common Shares Outstanding	604.3	657.58	603.36	603.33	503.32	503.28
Working Capital	-2,313	-2,497	-1,399	-1,007	-1,032	-422.91
Book Value Per Share	0.09	0.10	0.33	0.52	0.35	1.09
Tangible Book Value	-51.34	-42.56	89.86	179.01	57.08	419.4
Tangible Book Value Per Share	-0.08	-0.06	0.12	0.30	0.11	0.83
Buildings	-	-	255.58	21.73	21.73	21.73
Machinery	-	-	79.91	17.03	22.14	23.2
Construction In Progress	-	-	110.47	517.12	492.49	442.56

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