SHE:002932 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	776.81	510.9	493.91	1,016	2,556	1,190
Short-Term Investments	-	2,980	850.86	102.43	70	-
Trading Asset Securities	2,075	394.35	64.12	122.59	1,953	700
Cash & Short-Term Investments	2,852	3,885	1,409	1,241	4,578	1,890
Cash Growth	-11.56%	175.74%	13.56%	-72.90%	142.22%	117.48%
Accounts Receivable	448.83	469.98	766.95	1,254	2,736	740.42
Other Receivables	56.5	113.53	80.52	70.28	17.52	11.97
Receivables	505.33	583.5	847.47	1,324	2,754	752.39
Inventory	95.71	65.1	82.3	128.77	258.44	284.59
Other Current Assets	1,246	149.47	59.02	56.4	91.09	72.98
Total Current Assets	4,699	4,683	2,398	2,750	7,682	3,000
Property, Plant & Equipment	649.96	632.16	721.68	543.6	525.97	243.47
Long-Term Investments	247.07	247.07	257.61	156.36	83.49	60.62
Other Intangible Assets	31.36	26.54	17.3	17.7	16.86	16.59
Long-Term Deferred Tax Assets	212.23	212.44	216.9	210.18	173.95	16.63
Long-Term Deferred Charges	6.43	2.1	3.11	14.87	17.21	1.45
Other Long-Term Assets	152.38	177.05	2,979	3,694	695.33	78.24
Total Assets	6,019	5,980	6,593	7,387	9,195	3,417
Accounts Payable	98.25	81.32	278.11	681.58	1,294	174.31
Accrued Expenses	38.22	48.67	87.97	154.94	364.68	83.18
Short-Term Debt	12	2	3	23.61	164.67	30
Current Portion of Leases	-	2.54	4.3	7.29	18.17	3.62
Current Income Taxes Payable	-	0.34	6.44	6.27	144.02	131.8
Current Unearned Revenue	31.9	21.49	37.96	53.17	309.58	71.18
Other Current Liabilities	75.7	84.64	78.07	92.5	69.96	51.9
Total Current Liabilities	256.07	240.99	495.86	1,019	2,365	545.98
Long-Term Leases	10.31	3.19	5.82	18.25	20.75	10.74
Long-Term Unearned Revenue	26.5	26.5	20.87	14.26	5.96	5.96
Long-Term Deferred Tax Liabilities	53.83	52.76	50.42	39.59	31.07	4.33
Other Long-Term Liabilities	1.14	1.14	1.44	3.03	-	-
Total Liabilities	347.84	324.56	574.4	1,094	2,423	567.02
Common Stock	232.52	232.52	232.52	232.52	156.19	104.88
Additional Paid-In Capital	818.1	818.1	818.1	820.18	887.89	904.5
Retained Earnings	4,734	4,734	5,014	4,973	5,472	1,812
Treasury Stock	-248.61	-247.96	-237.95	-	-16.02	-32.77
Comprehensive Income & Other	-8.34	-8.34	-	-	-	-
Total Common Equity	5,527	5,528	5,826	6,026	6,500	2,789
Minority Interest	143.75	127.33	192.29	266.21	271.92	61.25
Shareholders' Equity	5,671	5,656	6,019	6,292	6,772	2,850
Total Liabilities & Equity	6,019	5,980	6,593	7,387	9,195	3,417
Total Debt	22.3	7.72	13.11	49.16	203.59	44.36
Net Cash (Debt)	2,829	3,877	1,396	1,192	4,375	1,846
Net Cash Growth	-11.90%	177.78%	17.14%	-72.76%	137.02%	153.67%
Net Cash Per Share	-	16.49	6.18	5.25	19.03	8.72
Filing Date Shares Outstanding	-	219.49	220.05	232.52	232.73	232.84
Total Common Shares Outstanding	-	219.49	220.05	232.52	232.73	232.84
Working Capital	4,443	4,442	1,902	1,731	5,317	2,454
Book Value Per Share	-	25.19	26.48	25.92	27.93	11.98
Tangible Book Value	5,475	5,502	5,809	6,008	6,483	2,772
Tangible Book Value Per Share	-	25.07	26.40	25.84	27.86	11.91
Buildings	-	496.88	440.3	116.98	116.66	78
Machinery	-	394.69	380.8	402.91	374.05	158.18
Construction In Progress	-	-	120.79	185.19	121.52	73.58

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