SHE:002873 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	167.13	173.72	118.16	138.24	100.67	72.48
Trading Asset Securities	0.09	0.1	0.12	0.09	0.11	80
Cash & Short-Term Investments	167.21	173.82	118.28	138.33	100.78	152.48
Cash Growth	67.44%	46.95%	-14.49%	37.26%	-33.91%	-65.97%
Accounts Receivable	265.86	286.84	325.67	250.54	261.96	282.72
Other Receivables	10.54	13.05	22.09	48.22	42.12	21.52
Receivables	276.4	299.9	347.77	298.76	304.08	304.24
Inventory	159.99	172.11	145.48	184.33	183.34	118.77
Other Current Assets	10.53	5.21	5.28	15	22.44	11.34
Total Current Assets	614.13	651.04	616.81	636.43	610.65	586.83
Property, Plant & Equipment	697.18	693.38	708.83	706.3	593.75	463.94
Long-Term Investments	530.34	530.34	412.07	383.27	461.57	312.5
Goodwill	6.19	6.19	-	-	-	-
Other Intangible Assets	106.98	108.62	108.96	83.52	86.1	87.51
Long-Term Deferred Tax Assets	8.57	9.03	10.06	10.33	13.46	11.26
Long-Term Deferred Charges	106.67	102.11	90.36	88.45	70.39	58.67
Other Long-Term Assets	21.71	20.37	3.41	3.5	3.6	3.71
Total Assets	2,092	2,121	1,951	1,912	1,840	1,524
Accounts Payable	56.24	68.59	83.36	105.08	95.67	64.89
Accrued Expenses	30.21	52.56	48.91	31.8	39.71	53.85
Short-Term Debt	85.03	95.88	306.24	366.93	317.37	268.34
Current Portion of Long-Term Debt	230.91	143.01	20.8	26.03	5.01	-
Current Portion of Leases	-	3.76	4.97	4.16	1.4	-
Current Income Taxes Payable	19.55	0.12	0.03	0	2.29	4.72
Current Unearned Revenue	0.47	0.37	0.52	1	13.86	15.36
Other Current Liabilities	34.82	15.91	16.55	20.42	26.4	34.07
Total Current Liabilities	457.23	380.2	481.38	555.42	501.69	441.23
Long-Term Debt	311.96	420.77	221.4	195.54	156.68	154.79
Long-Term Leases	4.44	5.48	6.77	9.35	5.72	6.65
Long-Term Unearned Revenue	24.37	24.27	23.58	20.83	22.15	24.51
Long-Term Deferred Tax Liabilities	33.54	33.59	22.11	16.72	27.99	3.38
Other Long-Term Liabilities	0.5	0.52	0.55	0.59	3.36	3.42
Total Liabilities	832.04	864.83	755.79	798.47	717.59	633.98
Common Stock	244.1	244.1	244.1	231.49	231.97	164.05
Additional Paid-In Capital	282.35	282.35	282.35	179.72	187	220.67
Retained Earnings	663.81	660.32	665.32	637.57	579.88	490.94
Treasury Stock	-75.3	-75.3	-75.3	-9.54	-17.61	-27.81
Comprehensive Income & Other	144.77	144.77	78.24	74.09	140.69	42.61
Total Common Equity	1,260	1,256	1,195	1,113	1,122	890.44
Shareholders' Equity	1,260	1,256	1,195	1,113	1,122	890.44
Total Liabilities & Equity	2,092	2,121	1,951	1,912	1,840	1,524
Total Debt	632.34	668.9	560.18	602.01	486.17	429.79
Net Cash (Debt)	-465.12	-495.09	-441.9	-463.68	-385.39	-277.31
Net Cash Per Share	-1.97	-2.10	-2.01	-1.90	-1.58	-1.13
Filing Date Shares Outstanding	244.42	235.3	235.3	231.4	231.89	228.31
Total Common Shares Outstanding	244.42	235.3	235.3	231.4	231.89	228.31
Working Capital	156.9	270.84	135.43	81	108.96	145.59
Book Value Per Share	5.15	5.34	5.08	4.81	4.84	3.90
Tangible Book Value	1,147	1,141	1,086	1,030	1,036	802.93
Tangible Book Value Per Share	4.69	4.85	4.61	4.45	4.47	3.52
Buildings	-	627.56	628.65	639.78	369.03	327.11
Machinery	-	179.29	177.35	167.14	121.47	92.52
Construction In Progress	-	65.92	55.81	33.72	228.36	151.22

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