SHE:002886 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	355.54	354.47	252.43	159.76	161.32	211.07
Trading Asset Securities	141.34	206.15	178.57	120.31	-	-
Cash & Short-Term Investments	496.88	560.62	431	280.07	161.32	211.07
Cash Growth	5.08%	30.08%	53.89%	73.61%	-23.57%	-30.81%
Accounts Receivable	636.25	692.73	625.42	448.98	406.66	447.34
Other Receivables	3.64	4.33	5.06	4.34	4.5	12.29
Receivables	639.89	697.06	630.47	453.32	411.16	459.64
Inventory	604.31	580.32	649.21	673.46	657.15	497.99
Other Current Assets	128.8	95.47	199.07	115.82	50.12	49.31
Total Current Assets	1,870	1,933	1,910	1,523	1,280	1,218
Property, Plant & Equipment	1,535	1,546	1,525	1,260	1,020	628.77
Long-Term Investments	1.72	1.72	2.07	4.74	5.64	5.98
Goodwill	34.56	34.81	35.85	36.05	36.24	22.8
Other Intangible Assets	204.85	206.3	192.76	201.56	208.8	146.68
Long-Term Deferred Tax Assets	75.71	72.25	60.23	45.41	32.38	16.41
Long-Term Deferred Charges	6.65	6.46	7.77	9.54	14.76	13.04
Other Long-Term Assets	24.67	29.02	42.18	116.06	62.67	89.85
Total Assets	3,753	3,830	3,775	3,196	2,660	2,142
Accounts Payable	235.98	212.51	214.54	167.34	178.1	201.14
Accrued Expenses	19.27	63.85	58.59	32.57	38.37	23.49
Short-Term Debt	790.96	833.3	809.81	332.33	627.95	513.83
Current Portion of Long-Term Debt	140.99	147.53	142.99	170.28	44.98	18.49
Current Portion of Leases	-	6.6	9.56	6.03	4.21	2.34
Current Income Taxes Payable	7.55	2.2	2.87	1.6	0.75	0.32
Current Unearned Revenue	12.64	6.7	9.65	7.76	12.07	9.05
Other Current Liabilities	65.7	86.17	65.1	67.38	109.14	64.96
Total Current Liabilities	1,273	1,359	1,313	785.29	1,016	833.61
Long-Term Debt	411.95	411.98	472.83	420.38	278.45	48
Long-Term Leases	29.62	31.56	34.88	8.27	2.77	4.22
Long-Term Unearned Revenue	102.24	103.79	99.27	81.46	71.14	35.83
Long-Term Deferred Tax Liabilities	14.43	14.68	9.4	5.09	5	1.63
Total Liabilities	1,831	1,921	1,929	1,300	1,373	923.29
Common Stock	263.2	263.2	263.2	263.2	226.57	226.57
Additional Paid-In Capital	1,096	1,096	1,093	1,086	535.08	537.14
Retained Earnings	513.39	500.39	442.84	408.07	405.58	404.47
Treasury Stock	-15.74	-15.74	-22.49	-	-	-4.87
Comprehensive Income & Other	-4.73	-3.85	0.75	0.84	0.74	0.44
Total Common Equity	1,852	1,840	1,777	1,758	1,168	1,164
Minority Interest	69.27	69.6	68.86	137.36	118.93	54.5
Shareholders' Equity	1,922	1,909	1,846	1,896	1,287	1,218
Total Liabilities & Equity	3,753	3,830	3,775	3,196	2,660	2,142
Total Debt	1,374	1,431	1,470	937.29	958.37	586.88
Net Cash (Debt)	-876.63	-870.35	-1,039	-657.22	-797.04	-375.81
Net Cash Per Share	-3.37	-3.32	-3.97	-2.56	-3.49	-1.66
Filing Date Shares Outstanding	260.13	260.99	260.99	263.2	228.22	226.57
Total Common Shares Outstanding	260.13	260.99	260.99	263.2	228.22	226.57
Working Capital	596.8	574.6	596.66	737.38	264.17	384.39
Book Value Per Share	7.12	7.05	6.81	6.68	5.12	5.14
Tangible Book Value	1,613	1,599	1,549	1,521	922.93	994.26
Tangible Book Value Per Share	6.20	6.13	5.93	5.78	4.04	4.39
Buildings	-	771.72	717.98	471.75	350.47	162.27
Machinery	-	978.81	728.86	633.12	537.83	271.79
Construction In Progress	-	350.45	480.56	509.52	431.8	344.59

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