SHE:002860 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	863.11	709.53	589.1	986.89	517.07	285.37
Short-Term Investments	-	84.45	53.77	20.02	-	-
Trading Asset Securities	465.34	464.46	675.88	120.23	20.03	166.47
Cash & Short-Term Investments	1,328	1,258	1,319	1,127	537.1	451.84
Cash Growth	9.58%	-4.57%	17.00%	109.86%	18.87%	-4.03%
Accounts Receivable	1,277	1,231	1,047	1,108	881.71	586.41
Other Receivables	0.63	0.75	0.83	2.31	3.39	2.98
Receivables	1,278	1,232	1,048	1,111	885.11	589.39
Inventory	415.03	343.26	342.74	340.57	383.54	257.37
Prepaid Expenses	-	-	0	0.01	1.35	0.83
Other Current Assets	80.07	55.57	29.29	30.14	33.9	34.28
Total Current Assets	3,101	2,889	2,739	2,609	1,841	1,334
Property, Plant & Equipment	469.43	479.58	511.61	552.62	447.96	384.16
Long-Term Investments	94.93	94.07	93.91	42.13	0.39	0.39
Goodwill	54.99	54.99	54.99	54.99	54.99	54.99
Other Intangible Assets	98.98	99.73	103.31	106.16	109.02	74.09
Long-Term Deferred Tax Assets	27.07	28.97	28.11	21.54	18.26	9.45
Long-Term Deferred Charges	6.25	6.71	8.46	4.02	4.77	6.7
Other Long-Term Assets	9.69	1.89	0.81	3.91	11.8	35.79
Total Assets	3,863	3,655	3,540	3,394	2,488	1,899
Accounts Payable	873.51	885.65	853.07	1,130	916.53	358.41
Accrued Expenses	16.05	50.37	47.93	55.07	39.12	35.22
Short-Term Debt	373	323	308.99	6.5	15.3	15.45
Current Portion of Leases	-	1.19	1.14	1.09	0.98	1.2
Current Income Taxes Payable	22.22	6.45	6.37	19.85	3.83	8.62
Current Unearned Revenue	10.54	10.33	9.42	3.37	2.62	2.99
Other Current Liabilities	160.98	29.12	21.67	41.65	45.37	2.14
Total Current Liabilities	1,457	1,306	1,249	1,258	1,024	424.04
Long-Term Debt	-	-	369.63	357.32	-	180.29
Long-Term Leases	0.99	1.29	2.48	3.62	4.7	5.44
Long-Term Unearned Revenue	25.91	26.79	28.99	28.25	27.64	31.62
Long-Term Deferred Tax Liabilities	9.84	9.97	10.63	11.4	15.42	13.04
Other Long-Term Liabilities	21.01	19.76	14.61	9.82	-	-
Total Liabilities	1,514	1,364	1,675	1,668	1,072	654.44
Common Stock	359.71	359.71	308.7	306.52	306.73	204.21
Additional Paid-In Capital	798.96	792.2	382.81	378.31	421.51	299.3
Retained Earnings	1,259	1,202	1,037	923.57	751.76	665.45
Treasury Stock	-70	-70	-18.59	-33.33	-104.95	-
Comprehensive Income & Other	0.4	7.15	114.89	113.55	1.28	52.04
Total Common Equity	2,348	2,291	1,825	1,689	1,376	1,221
Minority Interest	-	-	40.42	37.1	40.36	23.85
Shareholders' Equity	2,348	2,291	1,865	1,726	1,417	1,245
Total Liabilities & Equity	3,863	3,655	3,540	3,394	2,488	1,899
Total Debt	374.43	325.48	682.23	368.52	20.98	202.39
Net Cash (Debt)	954.02	932.97	636.51	758.62	516.12	249.45
Net Cash Growth	-1.08%	46.57%	-16.10%	46.98%	106.90%	0.06%
Net Cash Per Share	2.67	2.67	2.08	2.47	1.73	0.87
Filing Date Shares Outstanding	357.35	352.15	295.64	302.12	300.63	285.89
Total Common Shares Outstanding	357.35	352.15	295.64	302.12	300.63	285.89
Working Capital	1,645	1,583	1,490	1,351	817.25	909.68
Book Value Per Share	6.57	6.51	6.17	5.59	4.58	4.27
Tangible Book Value	2,194	2,136	1,666	1,527	1,212	1,092
Tangible Book Value Per Share	6.14	6.07	5.64	5.06	4.03	3.82
Buildings	-	379.02	378.81	284.59	259.33	240.07
Machinery	-	508.25	503.83	477.64	456.34	375.07
Construction In Progress	-	0.36	0.01	117.5	9.1	6.47

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