SHE:002880 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	76.63	369.81	274.76	252.3	294.59	332.1
Short-Term Investments	-	-	153.32	21.47	-	-
Cash & Short-Term Investments	76.63	369.81	428.08	273.77	294.59	332.1
Cash Growth	-81.04%	-13.61%	56.36%	-7.07%	-11.30%	-29.58%
Accounts Receivable	405.26	410.57	284.26	133.91	208.46	204.25
Other Receivables	25.82	17.84	17.08	5.05	4.65	1.62
Receivables	431.08	428.41	301.34	138.96	213.11	205.87
Inventory	951.05	882.73	793.46	672.98	605.51	421.68
Other Current Assets	9.18	5.47	4.71	17.98	19.92	39.71
Total Current Assets	1,468	1,686	1,528	1,104	1,133	999.36
Property, Plant & Equipment	622.47	619.42	691.09	683.19	1,045	785.22
Long-Term Investments	96.04	79.54	77.67	86.72	83.49	69.17
Goodwill	19.23	19.23	19.23	19.23	19.23	19.23
Other Intangible Assets	148.63	150.77	134.91	136.8	75.11	76.26
Long-Term Deferred Tax Assets	20.74	22.72	9.97	10.54	2.73	3.07
Long-Term Deferred Charges	52.97	52.66	28.34	24.75	22.77	19.41
Other Long-Term Assets	1,239	1,109	808.65	811.85	194.62	31.79
Total Assets	3,667	3,740	3,297	2,877	2,576	2,004
Accounts Payable	101.74	112.82	137.14	77.55	33.14	28.97
Accrued Expenses	51.26	95.66	135.98	124.66	75.57	87.25
Short-Term Debt	269.5	283	111.49	11.06	100.09	25
Current Portion of Long-Term Debt	47.69	47.73	14.74	24.15	-	-
Current Portion of Leases	-	-	1.64	1.46	1.32	1.39
Current Income Taxes Payable	24.29	35.67	9.68	11.34	5.08	14.88
Current Unearned Revenue	22.37	21.84	0.76	3.2	7.8	2.4
Other Current Liabilities	104.55	115.21	11.33	12.57	6.76	7.26
Total Current Liabilities	621.4	711.94	422.75	265.99	229.76	167.15
Long-Term Debt	481.34	493.22	554.1	483.71	428.96	-
Long-Term Leases	15.09	14.71	15.32	16.08	16.66	17.04
Long-Term Unearned Revenue	56.96	58.5	43.27	46.78	25.92	23.98
Long-Term Deferred Tax Liabilities	11.03	10.97	11.72	12.54	0.86	1.01
Other Long-Term Liabilities	5.58	5.58	6.05	6.05	6.05	6.05
Total Liabilities	1,191	1,295	1,053	831.14	708.2	215.23
Common Stock	226.8	226.8	226.8	226.8	226.8	226.8
Additional Paid-In Capital	563.49	563.49	563.49	574.5	574.5	574.5
Retained Earnings	1,653	1,622	1,421	1,213	1,040	967.42
Total Common Equity	2,443	2,412	2,211	2,014	1,841	1,769
Minority Interest	32.54	32.76	32.81	31.36	26.77	19.55
Shareholders' Equity	2,476	2,445	2,244	2,046	1,868	1,788
Total Liabilities & Equity	3,667	3,740	3,297	2,877	2,576	2,004
Total Debt	813.62	838.66	697.28	536.46	547.02	43.42
Net Cash (Debt)	-737	-468.85	-269.21	-262.69	-252.44	288.68
Net Cash Growth	-	-	-	-	-	-25.90%
Net Cash Per Share	-3.25	-2.07	-1.19	-1.16	-1.11	1.27
Filing Date Shares Outstanding	226.82	226.74	226.8	226.8	226.8	226.8
Total Common Shares Outstanding	226.82	226.74	226.8	226.8	226.8	226.8
Working Capital	846.53	974.49	1,105	837.72	903.37	832.2
Book Value Per Share	10.77	10.64	9.75	8.88	8.12	7.80
Tangible Book Value	2,276	2,242	2,057	1,858	1,747	1,673
Tangible Book Value Per Share	10.03	9.89	9.07	8.19	7.70	7.38
Buildings	-	-	367.81	341.65	318.11	269.13
Machinery	-	-	798.15	701.71	590.44	516.79
Construction In Progress	-	-	42.23	91.69	536.42	342.36

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