SHE:002842 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	237.94	435.43	135.55	114.55	150.88	243.71
Trading Asset Securities	-	-	-	-	-	0.5
Cash & Short-Term Investments	237.94	435.43	135.55	114.55	150.88	244.22
Cash Growth	175.35%	221.25%	18.33%	-24.08%	-38.22%	5.08%
Accounts Receivable	287.05	207.96	375.27	369.2	387.08	317.8
Other Receivables	1.2	1.21	0.02	3.06	8.77	8.01
Receivables	288.26	209.29	375.53	372.49	395.84	325.8
Inventory	2,113	1,209	717.69	710.24	737.21	767.7
Prepaid Expenses	-	0.06	0.01	0.32	0.55	0.88
Other Current Assets	454.52	150.86	43.14	31.85	4.35	91.93
Total Current Assets	3,094	2,004	1,272	1,229	1,289	1,431
Property, Plant & Equipment	647.22	643.83	633.92	708.02	745.82	777.53
Long-Term Investments	10.62	11.08	13.76	13.76	13.76	13.76
Goodwill	3.6	3.6	3.6	3.6	28.81	46.9
Other Intangible Assets	95.47	96.33	100.02	110.03	113.24	116
Long-Term Deferred Tax Assets	6.56	6.12	20.03	10.97	8.74	10
Long-Term Deferred Charges	7.53	8.03	11.13	13.13	14.14	18.18
Other Long-Term Assets	21.67	31.89	7.3	26.05	13.07	12.37
Total Assets	3,887	2,805	2,062	2,115	2,226	2,425
Accounts Payable	574.42	469.4	327.8	297.03	319.84	446.46
Accrued Expenses	1.45	7.55	6.14	6.06	11.52	5.54
Short-Term Debt	940.28	595.49	529.04	475.71	399.05	386.29
Current Portion of Long-Term Debt	104.24	86.19	29.66	82.39	102.08	39.8
Current Portion of Leases	-	-	-	-	0.2	0.69
Current Income Taxes Payable	44.62	8.59	1.27	-	0.02	1.57
Current Unearned Revenue	356.41	183.16	3.55	4.85	1.02	6.3
Other Current Liabilities	157.27	23.28	1.66	8.33	15.48	26.85
Total Current Liabilities	2,179	1,374	899.12	874.37	849.21	913.5
Long-Term Debt	199.63	160.71	385.6	405.84	407.49	492.4
Long-Term Leases	-	-	-	-	0.34	-
Long-Term Unearned Revenue	7.78	8.55	12.3	11.01	12.22	6.71
Long-Term Deferred Tax Liabilities	0.09	0.09	0.1	0.1	0.65	0.36
Other Long-Term Liabilities	40.49	55.01	-	-	-	-
Total Liabilities	2,427	1,598	1,297	1,291	1,270	1,413
Common Stock	327.17	327.17	278.62	276.24	277.68	277.67
Additional Paid-In Capital	548.91	548.91	240.82	221.99	230.07	222.34
Retained Earnings	546.61	296.1	152.39	241.9	371.02	439.88
Treasury Stock	-	-	-	-7.41	-15.05	-25.17
Comprehensive Income & Other	37.13	34.88	92.74	90.95	92.8	97.6
Total Common Equity	1,460	1,207	764.57	823.68	956.51	1,012
Shareholders' Equity	1,460	1,207	764.57	823.68	956.51	1,012
Total Liabilities & Equity	3,887	2,805	2,062	2,115	2,226	2,425
Total Debt	1,244	842.39	944.31	963.94	909.16	919.18
Net Cash (Debt)	-1,006	-406.96	-808.76	-849.4	-758.28	-674.96
Net Cash Per Share	-3.10	-1.30	-2.89	-3.09	-2.76	-2.45
Filing Date Shares Outstanding	325.34	327.17	278.62	276.24	277.68	277.67
Total Common Shares Outstanding	325.34	327.17	278.62	276.24	277.68	277.67
Working Capital	915.15	630.56	372.8	355.07	439.63	517.04
Book Value Per Share	4.49	3.69	2.74	2.98	3.44	3.65
Tangible Book Value	1,361	1,107	660.96	710.05	814.45	849.42
Tangible Book Value Per Share	4.18	3.38	2.37	2.57	2.93	3.06
Buildings	-	405.02	405.82	412.06	408.55	373.26
Machinery	-	582.89	584.35	627.9	611.07	586.86
Construction In Progress	-	76.6	11.75	22.1	16.33	55.41

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