SHE:002786 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	133.06	159.38	91.77	119.61	170.96	426.72
Cash & Short-Term Investments	133.06	159.38	91.77	119.61	170.96	426.72
Cash Growth	1.51%	73.67%	-23.27%	-30.04%	-59.94%	2.62%
Accounts Receivable	558.3	604.82	552.92	646.57	769.95	703.58
Other Receivables	18.53	18.65	33.4	28.52	30.13	6.45
Receivables	576.83	623.47	586.32	675.09	800.08	710.03
Inventory	769.7	803.07	777.31	917.25	1,132	1,286
Other Current Assets	60.6	47.14	50.08	53.11	34.21	94.12
Total Current Assets	1,540	1,633	1,505	1,765	2,138	2,517
Property, Plant & Equipment	1,093	1,112	1,190	1,333	1,543	1,438
Long-Term Investments	37.47	43.3	45.59	62.35	85.34	105.35
Other Intangible Assets	119.71	122.18	129.75	137.06	149.67	157.45
Long-Term Deferred Tax Assets	27.47	27.9	26.04	34.56	49.81	55.52
Long-Term Deferred Charges	9.69	10.84	18.73	23.18	35.15	38.32
Other Long-Term Assets	696.38	675.91	681.11	763.3	6.44	7.27
Total Assets	3,524	3,625	3,597	4,118	4,007	4,319
Accounts Payable	983.52	1,012	994.4	1,140	1,375	1,253
Accrued Expenses	55.2	56.48	126.45	157.76	116.85	125.14
Short-Term Debt	350.47	351.86	1,350	1,224	1,111	1,300
Current Portion of Long-Term Debt	40.69	39.25	24.4	76.56	44.66	16.52
Current Portion of Leases	-	-	18.78	44.4	113.45	186.52
Current Income Taxes Payable	14.5	12.85	0.85	0	0.42	-
Current Unearned Revenue	264.13	287.73	257.75	251.01	224.26	219.04
Other Current Liabilities	1,133	1,183	130.43	209.54	223.77	182.09
Total Current Liabilities	2,841	2,943	2,903	3,104	3,209	3,282
Long-Term Debt	316.92	326.94	271.39	261.46	362.7	293.67
Long-Term Leases	17.6	19.36	7.67	46.86	106.71	135.84
Long-Term Unearned Revenue	189.23	190.99	197.98	206.07	60.26	64.57
Long-Term Deferred Tax Liabilities	8.87	8.87	4.72	13.13	24.52	30.54
Other Long-Term Liabilities	2.67	2.82	0.17	8.78	2.15	-
Total Liabilities	3,376	3,492	3,385	3,640	3,766	3,807
Common Stock	495.61	495.61	495.61	495.61	495.61	495.61
Additional Paid-In Capital	596.76	596.76	595.71	591.1	591.1	585.71
Retained Earnings	-915.81	-930.18	-866.97	-595.14	-839.93	-582.18
Comprehensive Income & Other	22.68	18.75	7.85	2.06	-5.55	1.06
Total Common Equity	199.24	180.94	232.21	493.64	241.24	500.2
Minority Interest	-51.87	-47.88	-20.69	-15.1	-0.17	11.95
Shareholders' Equity	147.37	133.06	211.52	478.54	241.08	512.16
Total Liabilities & Equity	3,524	3,625	3,597	4,118	4,007	4,319
Total Debt	725.69	737.4	1,672	1,654	1,739	1,932
Net Cash (Debt)	-592.63	-578.02	-1,581	-1,534	-1,568	-1,506
Net Cash Per Share	-1.26	-1.19	-3.20	-3.07	-3.16	-3.21
Filing Date Shares Outstanding	478.98	262.09	495.61	495.61	495.61	495.61
Total Common Shares Outstanding	478.98	262.09	495.61	495.61	495.61	495.61
Working Capital	-1,301	-1,310	-1,398	-1,339	-1,072	-765.27
Book Value Per Share	0.42	0.69	0.47	1.00	0.49	1.01
Tangible Book Value	79.53	58.77	102.46	356.58	91.57	342.75
Tangible Book Value Per Share	0.17	0.22	0.21	0.72	0.18	0.69
Buildings	-	-	893.78	884.33	615.01	569.52
Machinery	-	-	1,032	1,122	1,225	1,236
Construction In Progress	65.61	-	88.16	101.12	421.56	259.45

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