SHE:002921 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	332.62	183.37	198.97	217.76	245.57	182.73
Trading Asset Securities	29.77	52.12	37.52	41.27	1.2	-
Cash & Short-Term Investments	362.39	235.5	236.48	259.03	246.77	182.73
Cash Growth	24.52%	-0.42%	-8.70%	4.97%	35.04%	-24.56%
Accounts Receivable	328.46	307.97	286.88	238.57	257.06	262.02
Other Receivables	1.93	1.85	2.32	5.23	2.14	11.55
Receivables	330.39	309.83	289.2	243.8	259.2	273.57
Inventory	357.89	334.77	321.33	299.69	376.18	386.56
Other Current Assets	27.75	153.5	235.41	232.11	233.38	49.91
Total Current Assets	1,078	1,034	1,082	1,035	1,116	892.77
Property, Plant & Equipment	863.02	878.55	919.8	899.05	843.45	709.56
Long-Term Investments	192.88	192.92	172.18	125.82	90.67	-
Other Intangible Assets	87.83	89.08	97.31	88.87	67.87	68.87
Long-Term Deferred Tax Assets	34.61	34.72	32.92	23.87	31.71	18.7
Long-Term Deferred Charges	10.01	10.2	8.67	8.26	8.36	10.42
Other Long-Term Assets	86.82	74.4	59.71	94.39	116.32	134.83
Total Assets	2,354	2,313	2,373	2,275	2,274	1,835
Accounts Payable	243.64	202.27	174.94	172.89	204.16	237.07
Accrued Expenses	18.99	20.47	20.48	17.99	29.75	33.65
Short-Term Debt	500.93	508.42	516.15	479.46	386.49	240.25
Current Portion of Long-Term Debt	26.27	26.28	50.55	8.53	16.62	23.68
Current Portion of Leases	-	-	2.75	0.6	3.6	4.55
Current Income Taxes Payable	5.35	5.35	3.53	2.78	4	4.24
Current Unearned Revenue	14.51	14.75	6.97	2.38	6.16	8.69
Other Current Liabilities	46.06	35.28	7.9	14.09	9.77	13.65
Total Current Liabilities	855.75	812.83	783.27	698.72	660.55	565.79
Long-Term Debt	76.84	77.84	384.47	350.76	258.46	263.22
Long-Term Leases	25.18	25.61	27.29	0.95	32.67	37.62
Long-Term Unearned Revenue	29.33	26.95	27.48	31.67	34.77	38.55
Long-Term Deferred Tax Liabilities	12.07	12.06	11.88	6.01	14.53	-
Other Long-Term Liabilities	4.74	4.69	21.5	-	-	-
Total Liabilities	1,004	959.99	1,256	1,088	1,001	905.17
Common Stock	148.97	148.97	130.89	130.88	131.69	106.08
Additional Paid-In Capital	1,060	1,060	791.01	790.92	795.31	420.64
Retained Earnings	169.04	169.99	184.48	234.62	273.51	293.36
Treasury Stock	-58.29	-58.29	-118.29	-59.99	-65.69	-9.97
Comprehensive Income & Other	-8.32	-5.48	90.77	93.99	93.57	87.58
Total Common Equity	1,311	1,315	1,079	1,190	1,228	897.7
Minority Interest	38.27	38.28	38.26	-3.65	44.5	32.29
Shareholders' Equity	1,350	1,353	1,117	1,187	1,273	930
Total Liabilities & Equity	2,354	2,313	2,373	2,275	2,274	1,835
Total Debt	629.22	638.16	981.21	840.3	697.85	569.32
Net Cash (Debt)	-266.84	-402.66	-744.73	-581.28	-451.09	-386.59
Net Cash Per Share	-2.17	-3.06	-6.08	-4.77	-3.50	-3.70
Filing Date Shares Outstanding	94.91	136.38	121.76	121.76	127.38	106.08
Total Common Shares Outstanding	94.91	136.38	121.76	126.62	127.43	106.08
Working Capital	222.67	220.77	299.15	335.9	454.97	326.98
Book Value Per Share	13.82	9.64	8.86	9.40	9.64	8.46
Tangible Book Value	1,224	1,226	981.55	1,102	1,161	828.83
Tangible Book Value Per Share	12.89	8.99	8.06	8.70	9.11	7.81
Buildings	-	-	336.3	296.49	249.85	204.36
Machinery	-	-	1,216	1,109	963.38	831.57
Construction In Progress	-	-	12.79	20.75	69.65	79.69

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