SHE:002827 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	436.06	648.78	534.36	738.8	423.68	190.78
Short-Term Investments	-	25.27	53.49	-	-	-
Cash & Short-Term Investments	436.06	674.05	587.85	738.8	423.68	190.78
Cash Growth	-35.82%	14.66%	-20.43%	74.38%	122.07%	1.72%
Accounts Receivable	1,181	1,238	1,085	882.13	679.34	447.17
Other Receivables	38.12	19.9	20.99	24.11	18.37	19.56
Receivables	1,219	1,258	1,106	906.24	697.71	466.74
Inventory	117.29	127.16	90.54	92.97	87.8	52.3
Prepaid Expenses	-	14.32	3.5	1.42	1.61	0.15
Other Current Assets	28.12	4.39	10.08	16.65	17.25	14.11
Total Current Assets	1,800	2,078	1,798	1,756	1,228	724.08
Property, Plant & Equipment	637.68	642.48	620.58	669.66	687.47	684.23
Long-Term Investments	14.76	14.76	10.94	32.05	17.17	17.15
Goodwill	14.02	14.02	14.02	47.6	63	59.12
Other Intangible Assets	576.65	86.02	90.18	88.19	93.96	75.06
Long-Term Deferred Tax Assets	25.77	25.59	19.98	18.76	14.74	10.86
Long-Term Deferred Charges	14.46	15.03	14.13	13.44	8.05	8.1
Other Long-Term Assets	5.32	4.43	3.74	1.77	7.48	28.87
Total Assets	3,089	2,880	2,571	2,628	2,120	1,607
Accounts Payable	217.11	283.72	169.81	247.91	215.76	192.77
Accrued Expenses	60.33	98.7	95.03	111.08	75.73	57.72
Short-Term Debt	187.99	189.78	165.6	249.9	170.48	113.8
Current Portion of Long-Term Debt	467.16	488.16	416.48	124.71	96.24	97.14
Current Portion of Leases	-	5.76	3.09	5.85	7.79	2.51
Current Income Taxes Payable	13.64	6.86	7.95	8.89	1.81	4.89
Current Unearned Revenue	7.83	9.32	4.89	9.63	8.57	9.37
Other Current Liabilities	59.52	62.37	75.96	65.05	73.39	33.55
Total Current Liabilities	1,014	1,145	938.81	823.03	649.79	511.75
Long-Term Debt	525.32	363.84	424.41	712.34	423.97	127.91
Long-Term Leases	8.43	4.39	1.37	1.5	7.71	2.9
Long-Term Unearned Revenue	1.76	1.83	2.41	2.61	3.15	3.7
Long-Term Deferred Tax Liabilities	7.12	7.19	5.3	7	9.08	5.3
Other Long-Term Liabilities	-	3.41	12.6	21.88	29.41	29.75
Total Liabilities	1,556	1,525	1,385	1,568	1,123	681.3
Common Stock	277.05	277.05	276	276	276	276
Additional Paid-In Capital	300.71	299.64	282.95	282.95	282.95	277.7
Retained Earnings	504.61	495.14	357.92	251.15	194.79	182.76
Treasury Stock	-15.04	-15.04	-	-	-	-
Comprehensive Income & Other	12.35	10.14	9.1	9.97	18.11	29.46
Total Common Equity	1,080	1,067	925.97	820.08	771.85	765.93
Minority Interest	453.23	288.21	260.36	239.11	224.96	160.24
Shareholders' Equity	1,533	1,355	1,186	1,059	996.81	926.17
Total Liabilities & Equity	3,089	2,880	2,571	2,628	2,120	1,607
Total Debt	1,189	1,052	1,011	1,094	706.2	344.26
Net Cash (Debt)	-752.83	-377.89	-423.1	-355.5	-282.52	-153.47
Net Cash Per Share	-2.74	-1.37	-1.54	-1.27	-1.00	-0.55
Filing Date Shares Outstanding	276.1	277.05	276	276	276	276
Total Common Shares Outstanding	276.1	277.05	276	276	276	276
Working Capital	786.9	933.48	858.84	933.06	578.26	212.33
Book Value Per Share	3.91	3.85	3.35	2.97	2.80	2.78
Tangible Book Value	489.01	966.88	821.76	684.29	614.89	631.75
Tangible Book Value Per Share	1.77	3.49	2.98	2.48	2.23	2.29
Buildings	-	550.38	551.85	525.7	517.15	525.35
Machinery	-	502.78	445.15	430.48	409.85	367.72
Construction In Progress	-	28.64	14.1	43.29	23.4	6.03

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