SHE:002909 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	100.06	126.75	227.23	155.97	203.12	411.17
Trading Asset Securities	-	-	0.16	-	-	-
Cash & Short-Term Investments	100.06	126.75	227.38	155.97	203.12	411.17
Cash Growth	-45.22%	-44.26%	45.79%	-23.21%	-50.60%	-18.61%
Accounts Receivable	395.23	415.16	496.15	515.03	558.87	633.97
Other Receivables	6.71	5.99	6.15	6.09	3.96	2.99
Receivables	401.94	421.15	502.3	521.11	562.83	636.96
Inventory	97.26	84.65	112.3	104.79	107.71	108.23
Other Current Assets	67.52	58.99	48.07	44.51	45.67	26.9
Total Current Assets	666.78	691.54	890.05	826.38	919.33	1,183
Property, Plant & Equipment	1,059	1,004	830.15	659.47	498.42	366.8
Long-Term Investments	86.51	86.52	75.37	51.68	23.08	20
Goodwill	24.92	24.92	24.92	24.92	24.92	24.92
Other Intangible Assets	379.79	382.75	386.91	362.83	366.02	254.64
Long-Term Deferred Tax Assets	23.29	22.12	18.6	13.95	13.46	7.73
Long-Term Deferred Charges	15.21	16.1	17.31	20.49	23.14	19.01
Other Long-Term Assets	2.51	2.07	10.43	6.48	23.5	12.77
Total Assets	2,258	2,230	2,254	1,966	1,892	1,889
Accounts Payable	419.89	401.38	482.16	333.61	278.87	348.61
Accrued Expenses	11.83	33.32	35.46	32.57	32.1	36.12
Short-Term Debt	383.45	423.52	400.25	405.3	439.79	328.38
Current Portion of Long-Term Debt	87.23	54.05	0.18	0.1	5.36	5.37
Current Portion of Leases	-	34.47	49.12	73.56	62.09	38.53
Current Income Taxes Payable	17.18	0.03	0.47	3.27	3.64	4.25
Current Unearned Revenue	12.42	7.34	9.1	9.74	7.55	8.47
Other Current Liabilities	191.57	160.92	136.03	96.25	149.71	209.07
Total Current Liabilities	1,124	1,115	1,113	954.41	979.11	978.79
Long-Term Debt	245.4	214.67	167.19	86.63	5.35	10.69
Long-Term Leases	4.91	28.37	17.14	61.91	39.6	42.49
Long-Term Unearned Revenue	2.43	2.79	4.23	5.68	7.12	8.56
Long-Term Deferred Tax Liabilities	6.42	6.65	4.67	5.35	6.05	3.85
Other Long-Term Liabilities	25.6	0.16	-	-	-	-
Total Liabilities	1,408	1,368	1,306	1,114	1,037	1,044
Common Stock	390	390	390	372.75	372.75	372.75
Additional Paid-In Capital	342.98	342.7	340.38	244.58	240.01	237.87
Retained Earnings	145.14	157.77	223.96	224.2	232.52	240.72
Treasury Stock	-47.4	-47.4	-26.07	-7.55	-7.55	-23.7
Comprehensive Income & Other	19.78	19.81	19.49	17.93	16.61	14.92
Total Common Equity	850.5	862.88	947.76	851.92	854.35	842.57
Minority Interest	-0.76	-0.74	-	0.31	0.3	2.15
Shareholders' Equity	849.75	862.14	947.76	852.23	854.65	844.72
Total Liabilities & Equity	2,258	2,230	2,254	1,966	1,892	1,889
Total Debt	720.99	755.09	633.88	627.5	552.18	425.47
Net Cash (Debt)	-620.93	-628.34	-406.49	-471.53	-349.06	-14.3
Net Cash Per Share	-1.62	-1.63	-1.03	-1.24	-0.92	-0.04
Filing Date Shares Outstanding	380.4	383.74	383.3	392.91	421.59	369.02
Total Common Shares Outstanding	380.4	383.74	383.3	366.82	421.59	369.02
Working Capital	-456.78	-423.5	-222.7	-128.03	-59.78	204.46
Book Value Per Share	2.24	2.25	2.47	2.32	2.03	2.28
Tangible Book Value	445.8	455.21	535.93	464.17	463.42	563.02
Tangible Book Value Per Share	1.17	1.19	1.40	1.27	1.10	1.53
Buildings	-	510.96	349.1	269.74	165.2	165.2
Machinery	-	405.87	381.32	357.06	289.42	243.33
Construction In Progress	-	354.23	319.55	206.87	172.84	60.62

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