SHE:002902 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	259.01	326.43	305.82	231.17	232.36	229.62
Trading Asset Securities	-	20.04	70.15	-	6.41	23.38
Cash & Short-Term Investments	259.01	346.47	375.96	231.17	238.77	253
Cash Growth	-39.05%	-7.85%	62.63%	-3.18%	-5.63%	-10.24%
Accounts Receivable	712.41	619.2	605.4	747.06	968.66	906.76
Other Receivables	33.36	30.87	71.04	59.94	47.04	35.88
Receivables	745.77	650.07	676.43	807	1,016	942.65
Inventory	431.78	439.81	472.78	473.35	578.31	606.76
Other Current Assets	92.41	102.85	43.65	22.99	27.95	29.13
Total Current Assets	1,529	1,539	1,569	1,535	1,861	1,832
Property, Plant & Equipment	962.78	978.5	892.4	809.33	776.48	777.35
Long-Term Investments	118.66	118.66	96.13	90.09	101.24	91.08
Goodwill	-	-	-	-	4.2	4.2
Other Intangible Assets	78.09	81.1	47.77	48.02	50.63	42.48
Long-Term Accounts Receivable	-	-	1.6	4.93	14.34	-
Long-Term Deferred Tax Assets	5.89	5.32	12.08	38.19	37.28	30.73
Long-Term Deferred Charges	17.26	21.09	18.46	19.06	25.51	28.16
Other Long-Term Assets	6.81	5.89	22.15	21.64	21.29	25.87
Total Assets	2,718	2,750	2,659	2,566	2,892	2,831
Accounts Payable	834.49	816.62	787.56	698.45	769.01	1,059
Accrued Expenses	37.33	50.36	48.04	43	47.62	39.9
Short-Term Debt	411.45	410.2	412.48	401.71	280.31	214.23
Current Portion of Long-Term Debt	130.64	134.65	74.28	57.5	29.08	0.72
Current Portion of Leases	-	-	48	101.82	12.89	14.97
Current Income Taxes Payable	8.12	9.4	3.78	3.51	4.71	3.57
Current Unearned Revenue	25.82	17.94	11.03	4.55	2.15	8.72
Other Current Liabilities	235.06	247.24	150.86	221.89	415.85	234.5
Total Current Liabilities	1,683	1,686	1,536	1,532	1,562	1,576
Long-Term Debt	238.86	232.03	115.05	101.62	51	91.97
Long-Term Leases	28.8	24.98	35.27	78.89	157.41	93.71
Long-Term Unearned Revenue	18.68	19.05	18.09	17.27	7.49	6.57
Long-Term Deferred Tax Liabilities	11.41	11.87	1.38	1.19	2.83	6.17
Other Long-Term Liabilities	109.03	120.67	0.76	-	-	4.45
Total Liabilities	2,090	2,095	1,707	1,731	1,780	1,778
Common Stock	235.01	235.01	235.48	211.52	211.52	210
Additional Paid-In Capital	782.29	782.29	864.23	475.28	463.55	453.38
Retained Earnings	-412.67	-391.61	-143.82	147.94	414.2	341.06
Treasury Stock	-	-	-3.48	-11.29	-11.29	-
Comprehensive Income & Other	2.21	0.55	1.64	-0.14	0.35	1.29
Total Common Equity	606.84	626.24	954.05	823.31	1,078	1,006
Minority Interest	21.95	28.5	-1.23	11.08	33.01	47.19
Shareholders' Equity	628.79	654.74	952.82	834.39	1,111	1,053
Total Liabilities & Equity	2,718	2,750	2,659	2,566	2,892	2,831
Total Debt	809.75	801.86	685.09	741.54	530.69	415.6
Net Cash (Debt)	-550.74	-455.39	-309.13	-510.37	-291.93	-162.6
Net Cash Per Share	-2.33	-1.93	-1.35	-2.42	-1.40	-0.77
Filing Date Shares Outstanding	234.93	237.99	235.48	211.52	211.22	210
Total Common Shares Outstanding	234.93	237.99	235.48	211.52	211.52	210
Working Capital	-153.92	-147.21	32.79	2.1	299.1	255.91
Book Value Per Share	2.58	2.63	4.05	3.89	5.10	4.79
Tangible Book Value	528.75	545.15	906.28	775.28	1,023	959.04
Tangible Book Value Per Share	2.25	2.29	3.85	3.67	4.84	4.57
Buildings	-	-	432.6	362.68	356.49	230.68
Machinery	-	-	809.53	773.44	706.42	670.28
Construction In Progress	-	-	126.26	63.66	5.88	97.68

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