SHE:002866 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	365.75	444.14	456.75	589.52	286.92	445.74
Short-Term Investments	-	-	66.3	242.92	255.76	538.16
Trading Asset Securities	497.57	321	209.6	32.83	284.23	300.61
Cash & Short-Term Investments	863.32	765.14	732.66	865.27	826.91	1,285
Cash Growth	14.71%	4.43%	-15.33%	4.64%	-35.62%	37.98%
Accounts Receivable	708.7	745.83	724.23	640.18	597.77	647.35
Other Receivables	3.07	2.52	1.63	1.49	4.54	3.07
Receivables	711.78	748.36	725.86	641.68	602.31	650.42
Inventory	353.47	388.23	443.12	445.95	301.12	379.3
Other Current Assets	116	106.45	94.01	49.15	347.39	29.87
Total Current Assets	2,045	2,008	1,996	2,002	2,078	2,344
Property, Plant & Equipment	1,511	1,538	1,647	2,018	1,122	836.5
Long-Term Investments	20.29	20.29	20.29	30.54	30.19	-
Goodwill	-	-	-	6	51.08	55.75
Other Intangible Assets	91.87	95.78	99.24	101.31	101	88.61
Long-Term Deferred Tax Assets	181.55	174.61	145	71.64	33.99	29.34
Long-Term Deferred Charges	4.7	2.25	4.12	7.28	11.13	13.61
Other Long-Term Assets	10.57	9.78	16.04	10.09	152.97	11.09
Total Assets	3,864	3,848	3,928	4,247	3,580	3,379
Accounts Payable	558.94	612.83	672.13	976.51	463.14	547.94
Accrued Expenses	35.05	156.26	142.54	108.02	105.66	83.41
Short-Term Debt	753.58	633.41	630.7	772.74	840.92	737.15
Current Portion of Long-Term Debt	126.01	143.86	119.42	70.05	29.02	-
Current Portion of Leases	-	1.74	2.89	2.74	2.62	3.25
Current Income Taxes Payable	7.63	7.26	11.5	12.31	0.85	8.24
Current Unearned Revenue	5.33	6.8	1.14	0.9	1.96	0.99
Other Current Liabilities	115.04	9.91	8.46	5.32	27.34	10.43
Total Current Liabilities	1,602	1,572	1,589	1,949	1,472	1,391
Long-Term Debt	181.16	203.49	315	139.13	-	-
Long-Term Leases	6.49	7.26	1.42	4.31	7.05	10.39
Long-Term Unearned Revenue	71.75	73.13	76.41	79.08	47.05	47.4
Long-Term Deferred Tax Liabilities	-	-	-	-	-	1.5
Total Liabilities	1,861	1,856	1,982	2,171	1,526	1,451
Common Stock	289.52	289.52	289.52	289.52	289.52	287.66
Additional Paid-In Capital	1,036	1,036	1,036	1,036	1,037	1,017
Retained Earnings	783.43	768.13	682.29	760.11	729.95	631.63
Treasury Stock	-	-	-	-	-	-7.94
Comprehensive Income & Other	-0.43	-0.07	-	-	-	-
Total Common Equity	2,109	2,094	2,008	2,086	2,056	1,928
Minority Interest	-105.88	-101.49	-62.08	-10.06	-1.17	-
Shareholders' Equity	2,003	1,993	1,946	2,076	2,055	1,928
Total Liabilities & Equity	3,864	3,848	3,928	4,247	3,580	3,379
Total Debt	1,067	989.75	1,069	988.97	879.61	750.8
Net Cash (Debt)	-203.92	-224.61	-336.77	-123.69	-52.7	533.72
Net Cash Growth	-	-	-	-	-	-5.33%
Net Cash Per Share	-0.71	-0.78	-1.15	-0.41	-0.18	1.85
Filing Date Shares Outstanding	305.95	289.52	289.52	289.52	289.52	287.66
Total Common Shares Outstanding	305.95	289.52	289.52	289.52	289.52	287.66
Working Capital	442.99	436.12	406.86	53.47	606.23	952.69
Book Value Per Share	6.89	7.23	6.94	7.21	7.10	6.70
Tangible Book Value	2,017	1,998	1,909	1,979	1,904	1,784
Tangible Book Value Per Share	6.59	6.90	6.59	6.83	6.58	6.20
Buildings	-	940.32	940.49	939.63	433.73	333.13
Machinery	-	1,124	1,116	1,122	549.78	515.05
Construction In Progress	-	102.83	98.15	300.69	383.1	161.59

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