SHE:002899 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Cash & Equivalents	193.25	291.55	476.86	390.78	387.25	647.76
Short-Term Investments	-	80	-	-	-	-
Trading Asset Securities	474.6	398.28	326.2	106.88	85.5	-
Cash & Short-Term Investments	667.85	769.84	803.06	497.66	472.74	647.76
Cash Growth	-9.46%	-4.14%	61.37%	5.27%	-27.02%	3.26%
Accounts Receivable	292.47	212.01	233.8	152.02	204.48	180.8
Other Receivables	6.35	14.29	19.57	14.19	10.56	9.48
Receivables	298.82	226.29	253.38	166.21	215.04	190.27
Inventory	222.85	222.16	237.54	193.81	161.08	192.87
Prepaid Expenses	-	-	-	-	-	0.93
Other Current Assets	78.03	13.87	16.04	17.41	39.02	31.87
Total Current Assets	1,268	1,232	1,310	875.09	887.89	1,064
Property, Plant & Equipment	1,377	1,389	1,418	1,243	906.25	545.48
Long-Term Investments	57.6	62.6	49.71	2.33	0.87	0.1
Goodwill	-	-	0.39	-	-	-
Other Intangible Assets	83.63	84.65	86.05	85.39	84.32	88.42
Long-Term Deferred Tax Assets	34.83	37.44	51	29.27	42.09	18.07
Long-Term Deferred Charges	9.01	8.97	3.52	0.04	0.04	1.11
Other Long-Term Assets	34.28	28.64	34.55	59.61	108.55	60.48
Total Assets	2,864	2,844	2,953	2,295	2,030	1,777
Accounts Payable	343.27	344.54	373.51	230.18	171.33	160.93
Accrued Expenses	7.58	24.47	23.69	18.7	15.62	7.95
Short-Term Debt	20.01	20.01	-	-	-	10.01
Current Portion of Long-Term Debt	167.24	134.36	116.02	58.19	83.14	-
Current Portion of Leases	-	1.57	0.81	0.27	0.51	3.24
Current Income Taxes Payable	5.21	0.05	0.11	-	0.02	0.54
Current Unearned Revenue	42.92	41.09	84.07	93.81	52.48	60.67
Other Current Liabilities	16.49	13.26	24.87	21.86	6.21	5.21
Total Current Liabilities	602.74	579.35	623.08	423.01	329.32	248.54
Long-Term Debt	447.68	473.06	586.28	627.43	535.37	402.12
Long-Term Leases	11.75	3.74	3.76	-	0.26	5.89
Long-Term Unearned Revenue	1.89	1.96	0.12	0.28	1.57	1.8
Long-Term Deferred Tax Liabilities	31.02	31.8	37.8	3.35	3.34	2.77
Other Long-Term Liabilities	-	-	-	-	-	19.13
Total Liabilities	1,095	1,090	1,251	1,054	869.86	680.25
Common Stock	147.8	147.8	147.8	120	120	120
Additional Paid-In Capital	977.1	977.1	977.1	625.23	625.23	625.23
Retained Earnings	661.22	646.22	594.22	495.5	414.9	351.87
Treasury Stock	-15.34	-15.34	-15.34	-	-	-
Comprehensive Income & Other	-2	-2	-2	-	-	-
Shareholders' Equity	1,769	1,754	1,702	1,241	1,160	1,097
Total Liabilities & Equity	2,864	2,844	2,953	2,295	2,030	1,777
Total Debt	646.69	632.75	706.87	685.88	619.28	421.26
Net Cash (Debt)	21.17	137.09	96.19	-188.23	-146.54	226.5
Net Cash Growth	-	42.52%	-	-	-	-63.87%
Net Cash Per Share	0.14	0.94	0.70	-1.56	-1.23	1.95
Filing Date Shares Outstanding	146.54	146.54	146.54	120	120	120
Total Common Shares Outstanding	146.54	146.54	146.54	120	120	120
Working Capital	664.82	652.81	686.94	452.08	558.57	815.17
Book Value Per Share	12.07	11.97	11.61	10.34	9.67	9.14
Tangible Book Value	1,685	1,669	1,615	1,155	1,076	1,009
Tangible Book Value Per Share	11.50	11.39	11.02	9.63	8.97	8.41
Buildings	-	1,139	1,138	225.43	171.41	195.23
Machinery	-	431.47	394.92	122.41	122.06	126.95
Construction In Progress	-	0.36	27.06	1,071	776.54	377.03