SHE:002785 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	202.32	205.52	123.28	301.8	76.06	100.22
Trading Asset Securities	-	-	52.15	-	-	-
Cash & Short-Term Investments	202.32	205.52	175.44	301.8	76.06	100.22
Cash Growth	30.06%	17.14%	-41.87%	296.76%	-24.10%	3.45%
Accounts Receivable	472.59	553.74	670.15	646.12	711.25	691.92
Other Receivables	21.98	19.64	17.42	14.24	8.85	8.12
Receivables	494.57	573.38	687.57	660.36	720.11	700.04
Inventory	177.32	180.32	194.97	189.46	176.68	173.58
Other Current Assets	68.6	51.4	50.07	54.7	42.84	65.06
Total Current Assets	942.81	1,011	1,108	1,206	1,016	1,039
Property, Plant & Equipment	159.86	165.48	191.21	155.96	80.71	86.7
Long-Term Investments	190.44	187.51	195.25	186.38	168.72	149.44
Other Intangible Assets	19.85	20.13	21.27	17.05	16.8	17.08
Long-Term Deferred Tax Assets	120.94	121.66	104.49	89.07	74.11	54.46
Long-Term Deferred Charges	3.28	3.66	3.98	10.28	5.37	5.39
Other Long-Term Assets	19.47	18.88	12.63	8.04	0.41	0.06
Total Assets	1,457	1,528	1,637	1,673	1,362	1,352
Accounts Payable	307.46	369.95	377.31	298.13	296.92	244.73
Accrued Expenses	8.81	14.47	61.8	65.97	58.94	51.79
Short-Term Debt	211.95	201.9	176.47	207.99	322.56	344.34
Current Portion of Long-Term Debt	6.18	7.09	-	-	8.03	0.73
Current Portion of Leases	-	-	6.24	4.99	3.11	3.73
Current Income Taxes Payable	35.71	44.31	1.82	2.56	3.12	0.45
Current Unearned Revenue	21.4	13.96	38.39	38.51	19.32	42.27
Other Current Liabilities	22.26	26.37	18.8	20.31	17.95	11.85
Total Current Liabilities	613.77	678.04	680.83	638.46	729.93	699.89
Long-Term Debt	-	-	-	-	-	8.11
Long-Term Leases	15.94	17.07	14.94	8.98	4.7	7.2
Long-Term Unearned Revenue	4.35	4.43	0.83	2.51	4.19	5.88
Long-Term Deferred Tax Liabilities	0.01	0.02	0.01	0.01	0.02	0.07
Other Long-Term Liabilities	-	-	-	0.67	0.67	0.63
Total Liabilities	634.07	699.56	696.6	650.62	739.51	721.77
Common Stock	226.62	226.62	226.62	226.96	201.15	200
Additional Paid-In Capital	550.3	550.3	550.3	572.41	196.01	173.33
Retained Earnings	25.76	25.16	112.04	166.48	201.94	229.09
Treasury Stock	-8.48	-8.48	-8.48	-12.11	-12.11	-
Comprehensive Income & Other	1.07	3.67	8.06	6.58	5.03	-2.7
Total Common Equity	795.27	797.28	888.55	960.33	592.02	599.71
Minority Interest	27.33	31.08	51.74	62.15	30.27	30.55
Shareholders' Equity	822.6	828.36	940.29	1,022	622.29	630.26
Total Liabilities & Equity	1,457	1,528	1,637	1,673	1,362	1,352
Total Debt	234.07	226.05	197.64	221.95	338.39	364.12
Net Cash (Debt)	-31.74	-20.54	-22.21	79.85	-262.33	-263.89
Net Cash Per Share	-0.14	-0.09	-0.10	0.38	-1.31	-1.32
Filing Date Shares Outstanding	222.52	225.28	226.62	226.96	201.15	200
Total Common Shares Outstanding	222.52	225.28	226.62	226.96	201.15	200
Working Capital	329.05	332.57	427.22	567.86	285.76	339.01
Book Value Per Share	3.57	3.54	3.92	4.23	2.94	3.00
Tangible Book Value	775.42	777.14	867.28	943.28	575.23	582.63
Tangible Book Value Per Share	3.48	3.45	3.83	4.16	2.86	2.91
Buildings	-	-	138.28	106.77	95.37	93.54
Machinery	-	-	132	80.52	63.04	60.99
Construction In Progress	-	-	-	44.86	-	1.04

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