SHE:002900 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	396.49	460.86	794.07	991.16	1,203	529.83
Trading Asset Securities	91.51	150.78	48.08	57.75	91.25	581.68
Cash & Short-Term Investments	488	611.64	842.15	1,049	1,294	1,112
Cash Growth	-32.60%	-27.37%	-19.71%	-18.93%	16.41%	8.73%
Accounts Receivable	97.67	83.1	221.19	99.46	124.6	132.98
Other Receivables	4.32	4.57	13.36	1.73	0.99	0.64
Receivables	101.99	87.67	234.55	101.19	125.59	133.62
Inventory	236.98	236.76	307.67	208.79	161.16	156.55
Other Current Assets	64.22	60.39	87.59	77.54	43.01	25.51
Total Current Assets	891.18	996.46	1,472	1,436	1,624	1,427
Property, Plant & Equipment	1,470	1,497	1,402	1,082	882.45	925.35
Long-Term Investments	720.92	713.2	711.73	708.99	646.87	604.5
Goodwill	0.84	0.84	1.34	1.34	0.5	9.44
Other Intangible Assets	131.9	131.76	112.95	113.37	61.1	62.5
Long-Term Deferred Tax Assets	32.14	32.87	25.22	23.08	24.68	25.84
Long-Term Deferred Charges	72.81	74.82	66.38	57.96	38.4	10.69
Other Long-Term Assets	10.17	9.01	8.88	20.22	-	-
Total Assets	3,330	3,455	3,800	3,443	3,278	3,066
Accounts Payable	221.69	219.8	323.48	182.13	120.84	105.16
Accrued Expenses	10.1	18.45	39.68	78.79	99.3	107.57
Short-Term Debt	661.39	771.23	575.96	275.27	220.22	270.28
Current Portion of Long-Term Debt	52.04	71.13	217.45	201.54	10.17	0.06
Current Portion of Leases	-	-	3.35	3.42	3.4	4.46
Current Income Taxes Payable	2.52	2.33	0.32	0.04	0.01	0.02
Current Unearned Revenue	13.7	16.91	17.77	43.25	54.79	21.06
Other Current Liabilities	50.49	45.75	79.72	60.61	89	27.99
Total Current Liabilities	1,012	1,146	1,258	845.03	597.73	536.61
Long-Term Debt	312.51	273.28	134.19	229.83	417.78	204.84
Long-Term Leases	3.13	3.53	4.68	8.33	5.14	8.03
Long-Term Unearned Revenue	103.36	126.35	103.91	79.03	83.86	88.96
Long-Term Deferred Tax Liabilities	131.89	131.79	135.8	132.54	120.95	110.61
Total Liabilities	1,563	1,681	1,636	1,295	1,225	949.04
Common Stock	316.35	316.35	316.36	316.39	316.6	316.6
Additional Paid-In Capital	1,093	1,093	1,090	1,082	1,043	1,073
Retained Earnings	356.68	363.74	766.64	771.23	729.21	797.94
Treasury Stock	-	-	-13.14	-29.54	-47.79	-85.77
Total Common Equity	1,766	1,773	2,160	2,140	2,041	2,101
Minority Interest	1.42	2.09	4.03	7.73	11.32	15.02
Shareholders' Equity	1,767	1,775	2,164	2,148	2,052	2,116
Total Liabilities & Equity	3,330	3,455	3,800	3,443	3,278	3,066
Total Debt	1,029	1,119	935.63	718.38	656.73	487.67
Net Cash (Debt)	-541.07	-507.54	-93.47	330.54	637.17	623.84
Net Cash Growth	-	-	-	-48.12%	2.14%	-17.09%
Net Cash Per Share	-1.66	-1.60	-0.30	1.08	2.11	2.01
Filing Date Shares Outstanding	352.84	320.35	298.74	278.39	309.78	309.78
Total Common Shares Outstanding	352.84	320.35	298.74	278.39	309.78	309.78
Working Capital	-120.74	-149.15	214.23	591.4	1,026	890.58
Book Value Per Share	5.00	5.53	7.23	7.69	6.59	6.78
Tangible Book Value	1,633	1,640	2,046	2,026	1,979	2,030
Tangible Book Value Per Share	4.63	5.12	6.85	7.28	6.39	6.55
Buildings	-	-	913.01	644.88	635.65	640.66
Machinery	-	-	1,056	799.09	737.21	716.18
Construction In Progress	-	-	162.84	269.26	58.34	45.31

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