SHE:002985 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	241.6	378.4	404.99	752.49	714.63	1,145
Trading Asset Securities	-	-	-	30.09	-	-
Cash & Short-Term Investments	241.6	378.4	404.99	782.58	714.63	1,145
Cash Growth	-23.76%	-6.57%	-48.25%	9.51%	-37.59%	58.57%
Accounts Receivable	1,563	1,487	1,712	1,999	1,970	1,670
Other Receivables	3.27	2.43	3.64	3.16	1.28	0.69
Receivables	1,566	1,490	1,716	2,002	1,971	1,671
Inventory	961.06	997.05	889.63	719.96	543.77	364.54
Prepaid Expenses	-	2.14	1.82	-	-	-
Other Current Assets	28.1	31.25	54.49	75.63	53.58	21.94
Total Current Assets	2,797	2,899	3,067	3,581	3,283	3,203
Property, Plant & Equipment	549.23	565.78	610	617.83	523.68	380.88
Long-Term Investments	8.5	8.5	3.5	-	-	3.5
Goodwill	184.93	184.93	185.13	194.27	194.27	194.27
Other Intangible Assets	50.6	51.13	52.79	54.68	56.44	57.27
Long-Term Deferred Tax Assets	99.3	93.89	91.84	70.22	49.28	42.91
Long-Term Deferred Charges	9.83	10.36	12.31	19.98	22.19	13.11
Other Long-Term Assets	56.2	45.37	19.26	38.31	61.14	52.93
Total Assets	3,755	3,859	4,041	4,576	4,190	3,947
Accounts Payable	617.61	727.38	580.24	527.32	382.36	308.36
Accrued Expenses	9.04	21.72	7.35	23.31	40.41	53.9
Short-Term Debt	-	-	33.65	-	-	28.4
Current Portion of Long-Term Debt	10.55	-	6.22	-	-	-
Current Portion of Leases	-	11.8	10.19	12.06	9.56	6.16
Current Income Taxes Payable	25.5	14.06	5.84	4.61	4.26	64.05
Current Unearned Revenue	0.31	1.22	5.78	4.4	1.32	68.67
Other Current Liabilities	208.99	267.94	480.43	80.41	79.29	690.88
Total Current Liabilities	871.99	1,044	1,130	652.12	517.19	1,220
Long-Term Debt	-	-	292.5	-	-	-
Long-Term Leases	23.97	26.22	33.91	41.58	53.29	22.9
Long-Term Unearned Revenue	45.1	45.38	46.48	47.58	48.68	50.02
Long-Term Deferred Tax Liabilities	0.18	0.2	0.36	0.08	0.27	-
Other Long-Term Liabilities	-22.94	-22.94	-26	-	-	-
Total Liabilities	918.3	1,093	1,477	741.36	619.43	1,293
Common Stock	331.85	331.85	331.85	331.85	331.85	255.27
Additional Paid-In Capital	837.83	837.76	836.44	1,436	1,434	1,267
Retained Earnings	1,560	1,493	1,301	1,391	1,173	909.28
Comprehensive Income & Other	27.86	27.84	27.63	27.24	23.52	19.76
Total Common Equity	2,758	2,690	2,496	3,185	2,963	2,452
Minority Interest	79.26	75.39	67.95	649.25	607.74	202.39
Shareholders' Equity	2,837	2,766	2,564	3,835	3,570	2,654
Total Liabilities & Equity	3,755	3,859	4,041	4,576	4,190	3,947
Total Debt	34.52	38.01	376.47	53.64	62.85	57.46
Net Cash (Debt)	207.08	340.39	28.53	728.94	651.77	1,088
Net Cash Growth	34.52%	1093.25%	-96.09%	11.84%	-40.07%	52.75%
Net Cash Per Share	0.62	1.02	0.09	2.21	1.97	3.27
Filing Date Shares Outstanding	336.17	331.85	331.85	331.85	331.85	331.85
Total Common Shares Outstanding	336.17	331.85	331.85	331.85	331.85	331.85
Working Capital	1,925	1,855	1,937	2,928	2,766	1,982
Book Value Per Share	8.20	8.11	7.52	9.60	8.93	7.39
Tangible Book Value	2,522	2,454	2,259	2,936	2,712	2,200
Tangible Book Value Per Share	7.50	7.40	6.81	8.85	8.17	6.63
Buildings	-	89.99	87.57	50.85	50.85	48.59
Machinery	-	851.23	798.2	705.97	585.49	380.27
Construction In Progress	-	2.22	34.27	111.18	60.31	122.5

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