SHE:002846 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	Dec '21 Dec 31, 2021
Cash & Equivalents	268.09	-	149.03	126.43	91.39	91.03
Cash & Short-Term Investments	268.09	-	149.03	126.43	91.39	91.03
Cash Growth	118.25%	-	17.88%	38.34%	0.39%	-11.91%
Accounts Receivable	465.97	-	454.65	440.85	452.14	267.05
Other Receivables	17.52	-	51.62	6.57	11.5	41.97
Receivables	483.5	-	506.27	447.42	463.65	309.02
Inventory	380.74	-	323.24	299.59	369.56	379.18
Prepaid Expenses	-	-	4.84	1.3	2.57	6.08
Other Current Assets	151.83	-	105.02	84.9	55.32	79.81
Total Current Assets	1,284	-	1,088	959.64	982.48	865.12
Property, Plant & Equipment	2,036	-	1,937	1,546	1,510	1,207
Goodwill	33.2	-	33.2	33.2	33.2	34.25
Other Intangible Assets	154.1	-	156.44	160.23	105.27	109.71
Long-Term Deferred Tax Assets	61.08	-	66.92	75.12	49.94	22.21
Long-Term Deferred Charges	29.43	-	22.12	20.68	1.93	2.27
Other Long-Term Assets	233.18	-	213.88	272.39	44.36	81.03
Total Assets	3,831	-	3,518	3,067	2,727	2,322
Accounts Payable	696.37	-	512.87	442.44	454.85	358.1
Accrued Expenses	13.08	-	58.02	39.65	42.31	52.95
Short-Term Debt	495.32	-	676.97	525.46	559.91	314.42
Current Portion of Long-Term Debt	359.3	-	101.34	147.54	134.19	106.74
Current Portion of Leases	-	-	126.6	21.41	96.72	18.72
Current Income Taxes Payable	4.23	-	-	-	0.01	2.01
Current Unearned Revenue	31.5	-	24.15	12.31	32.39	15.04
Other Current Liabilities	98.04	-	95.2	79.3	108.48	4.86
Total Current Liabilities	1,698	-	1,595	1,268	1,429	872.84
Long-Term Debt	413.13	-	279.68	211.5	405.92	499.58
Long-Term Leases	0.21	-	0.64	1.5	24.73	36.8
Long-Term Unearned Revenue	197.18	-	134.99	103.07	57.43	64.2
Long-Term Deferred Tax Liabilities	6.06	-	6.59	7.75	8.41	1.29
Other Long-Term Liabilities	65.03	-	93.07	-	1.87	1.87
Total Liabilities	2,379	-	2,110	1,592	1,927	1,477
Common Stock	419.99	-	419.99	419.99	318.42	318.39
Additional Paid-In Capital	734.68	-	734.68	734.68	157.94	157.71
Retained Earnings	285.65	-	237.84	287.55	273.34	316.48
Treasury Stock	-15	-	-15	-	-	-
Comprehensive Income & Other	-	-	-	-	41.7	42.22
Total Common Equity	1,425	-	1,378	1,442	791.4	834.8
Minority Interest	25.9	-	30.53	33.05	8.3	10.64
Shareholders' Equity	1,451	-	1,408	1,475	799.7	845.44
Total Liabilities & Equity	3,831	-	3,518	3,067	2,727	2,322
Total Debt	1,268	-	1,185	907.41	1,221	976.26
Net Cash (Debt)	-999.87	-	-1,036	-780.98	-1,130	-885.23
Net Cash Per Share	-2.38	-	-2.47	-2.21	-3.55	-2.78
Filing Date Shares Outstanding	420.28	420.1	418.33	419.99	318.42	318.39
Total Common Shares Outstanding	420.28	420.1	418.33	419.99	318.42	318.39
Working Capital	-413.68	-	-506.77	-308.47	-446.38	-7.72
Book Value Per Share	3.39	-	3.29	3.43	2.49	2.62
Tangible Book Value	1,238	-	1,188	1,249	652.93	690.84
Tangible Book Value Per Share	2.95	-	2.84	2.97	2.05	2.17
Buildings	-	-	478.56	418.6	485.19	343.16
Machinery	-	-	1,542	1,412	1,170	890.66
Construction In Progress	-	-	523.11	214.25	268.12	285.26

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