SHE:002943 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	183.67	227.41	213.2	137.96	433.52	84.98
Trading Asset Securities	-	-	-	-	10.12	-
Cash & Short-Term Investments	183.67	227.41	213.2	137.96	443.63	84.98
Cash Growth	-37.03%	6.66%	54.54%	-68.90%	422.06%	-40.23%
Accounts Receivable	601.3	660.94	848.48	891.7	677.1	371.12
Other Receivables	6.6	3.25	6.43	6.62	36.26	71.39
Receivables	607.89	664.19	854.91	898.32	713.36	442.5
Inventory	418.05	339.04	450.75	637.97	383.99	253.89
Prepaid Expenses	-	-	0.15	0.15	0.15	0.15
Other Current Assets	196.05	171.96	87.65	111.92	66.7	27.74
Total Current Assets	1,406	1,403	1,607	1,786	1,608	809.26
Property, Plant & Equipment	1,109	1,119	1,145	1,203	457.76	394.21
Long-Term Investments	3.05	2.73	3.43	5	-	-
Goodwill	-	-	-	7.1	7.1	7.1
Other Intangible Assets	125.33	126.47	124.64	142.29	69.34	73.7
Long-Term Accounts Receivable	-	-	18.78	58.71	10.51	10.12
Long-Term Deferred Tax Assets	27.99	28.44	32.94	52.61	29.66	20.21
Long-Term Deferred Charges	11.26	12.5	18.23	32.31	7.4	4.92
Other Long-Term Assets	45.91	39.09	23.6	60.04	46.63	24.78
Total Assets	2,728	2,731	2,973	3,347	2,236	1,344
Accounts Payable	473.93	463.66	490.69	657.52	333.43	222.12
Accrued Expenses	9.49	17.41	17.04	26.47	18.24	12.23
Short-Term Debt	89.12	76.85	203.02	181.08	177.37	44.89
Current Portion of Long-Term Debt	297.88	294.62	125.74	8.01	4.7	2
Current Portion of Leases	-	-	11.33	13.05	1.7	1.92
Current Income Taxes Payable	0.58	7.58	0	0.39	7.92	3.19
Current Unearned Revenue	179.94	136.99	270.72	275.89	103.4	64.03
Other Current Liabilities	108.65	96.99	119.69	268.68	157.24	84.55
Total Current Liabilities	1,160	1,094	1,238	1,431	803.99	434.93
Long-Term Debt	278.37	326.46	454.14	122.81	77.37	47.06
Long-Term Leases	1.67	1.65	316.44	307.59	3.01	4.99
Long-Term Unearned Revenue	95.39	97.1	88.01	81.87	89.54	76.08
Long-Term Deferred Tax Liabilities	2.24	2.17	5.08	12.03	4.41	1.47
Other Long-Term Liabilities	327.57	324.73	-	-	-	-
Total Liabilities	1,865	1,846	2,102	1,955	978.32	564.53
Common Stock	205.63	205.46	204.87	156.92	120	100
Additional Paid-In Capital	712.34	710.25	702	733.22	777.42	446.83
Retained Earnings	-18.86	0.63	-12.52	425.06	312	214.7
Treasury Stock	-31.08	-31.08	-31.08	-	-	-
Comprehensive Income & Other	-2.56	-2.56	-1.57	-	-	-
Total Common Equity	865.47	882.71	861.71	1,315	1,209	761.54
Minority Interest	-1.94	1.79	9.42	76.4	48.48	18.24
Shareholders' Equity	863.53	884.49	871.13	1,392	1,258	779.78
Total Liabilities & Equity	2,728	2,731	2,973	3,347	2,236	1,344
Total Debt	667.04	699.58	1,111	632.54	264.14	100.85
Net Cash (Debt)	-483.37	-472.17	-897.47	-494.58	179.49	-15.88
Net Cash Per Share	-2.37	-2.32	-4.81	-2.43	1.06	-0.10
Filing Date Shares Outstanding	205.42	-	203.27	204	202.8	169
Total Common Shares Outstanding	205.42	-	203.27	204	202.8	169
Working Capital	246.06	308.51	368.43	355.23	803.83	374.33
Book Value Per Share	4.21	-	4.24	6.45	5.96	4.51
Tangible Book Value	740.14	756.24	737.07	1,166	1,133	680.74
Tangible Book Value Per Share	3.60	-	3.63	5.71	5.59	4.03
Buildings	-	-	600.03	568.54	267.21	274.84
Machinery	-	-	463.72	558.79	216.51	156.99
Construction In Progress	-	-	208.57	157.61	50.61	22.33

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