SHE:002917 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	361.03	359.06	439.42	431.5	790.02	422.22
Short-Term Investments	-	379.22	361.57	397.75	-	-
Trading Asset Securities	74.8	-	-	100	75	71
Cash & Short-Term Investments	435.83	738.27	800.99	929.25	865.02	493.22
Cash Growth	-4.71%	-7.83%	-13.80%	7.43%	75.38%	12.97%
Accounts Receivable	915.51	884.59	834.06	662.42	572.19	388.98
Other Receivables	23.63	20.19	21.03	23.76	33.68	22.41
Receivables	939.14	904.79	855.09	686.19	605.87	411.4
Inventory	278.28	249.73	257.55	239.66	239.87	155.62
Prepaid Expenses	-	1.21	1.38	-	-	2.16
Other Current Assets	273.82	40.83	37.55	45.96	56.01	45.55
Total Current Assets	1,927	1,935	1,953	1,901	1,767	1,108
Property, Plant & Equipment	651.47	657.33	650.2	660.97	648.3	590.76
Long-Term Investments	35.11	35.31	56.56	55.81	47.98	38.77
Goodwill	122.16	122.16	113.16	120.05	147.31	89.07
Other Intangible Assets	382.81	387.7	396.53	414.71	432.84	280.89
Long-Term Deferred Tax Assets	9.58	10.15	9.57	11.01	11.24	3.45
Long-Term Deferred Charges	1.17	1.17	1.87	2.18	1.99	2.33
Other Long-Term Assets	1.9	1.86	7.25	1.87	4.26	37.62
Total Assets	3,131	3,151	3,188	3,168	3,061	2,151
Accounts Payable	390.51	399.99	411.3	306.54	327.16	256.19
Accrued Expenses	23.07	84.22	59.6	60.41	58.85	27.61
Short-Term Debt	318	345.33	632.16	708.53	566.85	309.6
Current Portion of Long-Term Debt	7.43	4.8	4	115.7	82	7
Current Portion of Leases	-	3.21	5.2	7.03	6.04	5.75
Current Income Taxes Payable	24.77	15.62	3.61	3.8	4.06	0.36
Current Unearned Revenue	60.28	82.58	62.4	50.16	47.86	15.97
Other Current Liabilities	103.23	58.95	47.84	61.78	74.02	287.15
Total Current Liabilities	927.3	994.71	1,226	1,314	1,167	909.65
Long-Term Debt	85.6	85.6	43	-	86	118
Long-Term Leases	13.04	7.11	8.63	8.88	9.37	11.2
Long-Term Unearned Revenue	28.39	29.06	30.54	30.62	32.49	34.88
Long-Term Deferred Tax Liabilities	42.24	42.81	43.42	45.6	47.8	26.93
Other Long-Term Liabilities	8.26	8.29	9.66	12.48	24.53	18.85
Total Liabilities	1,105	1,168	1,361	1,412	1,367	1,120
Common Stock	347.61	347.61	347.61	347.61	347.61	271.34
Additional Paid-In Capital	781.35	781.35	786.48	794.78	794.78	186.05
Retained Earnings	653.26	614.89	474.54	384.68	303.94	299.53
Treasury Stock	-50.04	-50.04	-50.04	-25.03	-3.77	-
Comprehensive Income & Other	16.26	14.96	12.23	10.57	10.58	13.02
Total Common Equity	1,748	1,709	1,571	1,513	1,453	769.95
Minority Interest	278	274.13	255.5	243.51	240.5	261.37
Shareholders' Equity	2,026	1,983	1,826	1,756	1,694	1,031
Total Liabilities & Equity	3,131	3,151	3,188	3,168	3,061	2,151
Total Debt	424.07	446.05	692.99	840.14	750.26	451.56
Net Cash (Debt)	11.76	292.22	108	89.11	114.75	41.66
Net Cash Growth	-	170.58%	21.20%	-22.35%	175.48%	-84.85%
Net Cash Per Share	0.03	0.85	0.31	0.26	0.34	0.15
Filing Date Shares Outstanding	342.19	342.19	342.19	345.68	345.72	347.61
Total Common Shares Outstanding	342.19	342.19	342.19	345.68	347.19	271.34
Working Capital	999.77	940.11	726.43	587.12	599.92	198.29
Book Value Per Share	5.11	4.99	4.59	4.38	4.19	2.84
Tangible Book Value	1,243	1,199	1,061	977.85	872.99	399.98
Tangible Book Value Per Share	3.63	3.50	3.10	2.83	2.51	1.47
Buildings	-	505.65	476.84	473.96	485.39	398.27
Machinery	-	539.51	418.93	382.94	354.34	351.33
Construction In Progress	-	11.81	76.03	76.1	41.84	23.01

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