SHE:002976 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	305.08	784.39	102.73	154.17	158.54	250.93
Trading Asset Securities	251.42	16.25	17.44	66.84	120.55	58.1
Cash & Short-Term Investments	556.5	800.64	120.17	221.01	279.09	309.03
Cash Growth	271.84%	566.25%	-45.63%	-20.81%	-9.69%	-33.27%
Accounts Receivable	670.84	880.09	832.66	633.22	580.81	251.18
Other Receivables	3.69	3.75	0.12	0.19	0.15	11.02
Receivables	674.53	883.84	832.78	633.41	580.96	262.2
Inventory	495.28	425.82	403.7	329.8	280.75	170.94
Prepaid Expenses	-	-	0	0	-	-
Other Current Assets	46.26	36.14	40.75	84.42	113.48	13.94
Total Current Assets	1,773	2,146	1,397	1,269	1,254	756.11
Property, Plant & Equipment	644.48	659.05	691.25	637.01	477.99	319.66
Long-Term Investments	5.24	7.57	35.75	0.65	-	-
Goodwill	80.96	81.03	85.34	85.69	86.01	4.9
Other Intangible Assets	98.62	100	82.08	57.84	60.14	35.38
Long-Term Deferred Tax Assets	52.09	45.03	28.95	16.96	12.07	5.64
Long-Term Deferred Charges	12.44	13.89	14.56	14.51	4.37	2.32
Other Long-Term Assets	32.38	31.05	31.29	33.74	16.17	8.73
Total Assets	2,699	3,084	2,367	2,115	1,911	1,133
Accounts Payable	714.97	794.32	787.86	655.92	514.86	203.02
Accrued Expenses	29	41.57	57.77	41.76	43.08	19.14
Short-Term Debt	210.14	330.16	148.25	144.08	94.89	5
Current Portion of Long-Term Debt	149.83	121.66	171.18	7.25	41.74	20.09
Current Portion of Leases	-	-	9.89	7.96	8.61	3.48
Current Income Taxes Payable	14.52	24.3	5.72	4.74	10.36	1.02
Current Unearned Revenue	11.64	9.01	5.59	0.91	0.58	5.63
Other Current Liabilities	86.31	82.69	10.84	15.93	18.88	3.35
Total Current Liabilities	1,216	1,404	1,197	878.54	733.01	260.74
Long-Term Debt	15.86	189.08	107.54	160.27	181.42	60
Long-Term Leases	5.63	6.29	10.59	18.81	21.6	10.85
Long-Term Unearned Revenue	15.18	15.26	11.45	13.48	6.26	4.97
Long-Term Deferred Tax Liabilities	4.84	4.92	3.71	3.54	9.34	6.89
Other Long-Term Liabilities	-	-	116.66	112.88	109.22	-
Total Liabilities	1,258	1,619	1,447	1,188	1,061	343.44
Common Stock	149.7	149.7	121.17	120.65	120	120
Additional Paid-In Capital	1,025	1,021	347.52	349.96	333.29	436.24
Retained Earnings	300.54	314.34	306.45	349.86	298.18	231.45
Comprehensive Income & Other	-36.14	-32.58	-2.01	2.31	1.6	-2.97
Total Common Equity	1,439	1,453	773.12	822.79	753.07	784.73
Minority Interest	1.38	12.14	146.47	104.76	97.14	4.57
Shareholders' Equity	1,441	1,465	919.59	927.54	850.21	789.29
Total Liabilities & Equity	2,699	3,084	2,367	2,115	1,911	1,133
Total Debt	381.47	647.19	447.44	338.36	348.27	99.42
Net Cash (Debt)	175.03	153.44	-327.27	-117.36	-69.17	209.61
Net Cash Growth	-	-	-	-	-	-46.30%
Net Cash Per Share	1.25	1.17	-2.71	-0.98	-0.57	1.75
Filing Date Shares Outstanding	153.42	155.29	121.17	120.65	120	120
Total Common Shares Outstanding	153.42	155.29	121.17	120.65	120	120
Working Capital	556.16	742.72	200.31	390.1	521.28	495.37
Book Value Per Share	9.38	9.35	6.38	6.82	6.28	6.54
Tangible Book Value	1,260	1,272	605.7	679.25	606.92	744.45
Tangible Book Value Per Share	8.21	8.19	5.00	5.63	5.06	6.20
Buildings	-	-	302.41	290.03	167.06	86.24
Machinery	-	-	523.53	406.03	330.8	284.03
Construction In Progress	-	-	119.28	128.6	120.97	77.48

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