SHE:002915 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	395.54	292.36	250.63	247.03	530.91	399.01
Trading Asset Securities	90	60	60	-	-	240
Cash & Short-Term Investments	485.54	352.36	310.63	247.03	530.91	639.01
Cash Growth	81.30%	13.43%	25.75%	-53.47%	-16.92%	240.27%
Accounts Receivable	333.76	325.22	262.16	365.72	272.27	241.2
Other Receivables	3.11	3.23	3.51	1.98	1.94	1.32
Receivables	336.87	328.45	265.67	367.7	274.21	242.52
Inventory	412.21	362.41	354.03	376.71	333.76	220.55
Other Current Assets	79.71	68.52	47.59	45.92	38.82	14.95
Total Current Assets	1,314	1,112	977.92	1,037	1,178	1,117
Property, Plant & Equipment	1,842	1,876	1,768	1,651	1,241	760.94
Long-Term Investments	109.73	95.22	87.85	91.16	32.98	34.11
Goodwill	131.36	131.36	131.36	226.57	360.99	232.43
Other Intangible Assets	149.66	150.69	154.56	161.77	165.63	99.35
Long-Term Deferred Tax Assets	72.21	69.6	51.04	17.18	8.93	13.38
Long-Term Deferred Charges	2.01	2.12	2.52	3.17	4.58	3.31
Other Long-Term Assets	22.05	13.78	20.28	2.56	15.92	4.01
Total Assets	3,643	3,450	3,193	3,191	3,007	2,265
Accounts Payable	364.96	379.41	335.2	393.12	250.37	147.35
Accrued Expenses	9.95	30.58	35.94	34.67	38.67	26.96
Short-Term Debt	848.45	755.96	644.66	511.85	425.35	321.9
Current Portion of Long-Term Debt	207.53	373.04	212.58	-	0.25	64.09
Current Income Taxes Payable	4.27	5.35	2.29	11.05	11.37	9.18
Current Unearned Revenue	4.91	3	5.8	8.84	3.96	16.87
Other Current Liabilities	8.48	10.01	12.53	31.49	41.54	47.38
Total Current Liabilities	1,449	1,557	1,249	991.02	771.5	633.74
Long-Term Debt	366.51	222.54	338.87	424.54	214.2	-
Long-Term Unearned Revenue	44.74	45.95	45.6	32.28	31.6	11.74
Long-Term Deferred Tax Liabilities	17.88	17.94	18.38	21.11	34.19	34.34
Other Long-Term Liabilities	32.77	43.68	5.51	-	-	-
Total Liabilities	1,910	1,887	1,657	1,469	1,051	679.82
Common Stock	335.27	325.47	325.47	327.96	327.96	233.76
Additional Paid-In Capital	1,076	911.13	911.13	924.63	933.49	1,008
Retained Earnings	76	81	62.17	247.7	501.47	375.13
Treasury Stock	-	-	-	-16.19	-29.18	-32.05
Total Common Equity	1,487	1,318	1,299	1,484	1,734	1,585
Minority Interest	245.86	244.97	236.99	238.11	222.1	-
Shareholders' Equity	1,733	1,563	1,536	1,722	1,956	1,585
Total Liabilities & Equity	3,643	3,450	3,193	3,191	3,007	2,265
Total Debt	1,422	1,352	1,196	936.39	639.79	386
Net Cash (Debt)	-936.95	-999.18	-885.49	-689.36	-108.89	253.01
Net Cash Per Share	-2.87	-3.07	-2.71	-2.10	-0.33	0.84
Filing Date Shares Outstanding	328.39	324.7	325.47	327.96	327.96	327.26
Total Common Shares Outstanding	328.39	324.7	325.47	327.96	327.96	327.26
Working Capital	-134.22	-445.63	-271.09	46.34	406.2	483.3
Book Value Per Share	4.53	4.06	3.99	4.53	5.29	4.84
Tangible Book Value	1,206	1,036	1,013	1,096	1,207	1,253
Tangible Book Value Per Share	3.67	3.19	3.11	3.34	3.68	3.83
Buildings	-	-	501.52	454.04	347.82	273.7
Machinery	-	-	1,316	1,260	771.76	622.6
Construction In Progress	-	-	390.88	264.94	429.97	103.22

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