SHE:000008 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	755.58	822.83	447.88	584.82	1,118
Cash & Short-Term Investments	755.58	822.83	447.88	584.82	1,118
Cash Growth	-8.17%	83.72%	-23.42%	-47.70%	41.41%
Accounts Receivable	2,496	2,574	3,025	2,868	3,352
Other Receivables	80.41	70.12	189.86	91.14	105.89
Receivables	2,577	2,644	3,215	2,959	3,458
Inventory	611.81	725.93	797.19	1,055	1,116
Prepaid Expenses	4.32	4.57	7.4	4.24	2.25
Other Current Assets	116.36	257.6	405.75	455.01	414.41
Total Current Assets	4,065	4,455	4,873	5,058	6,110
Property, Plant & Equipment	1,475	1,529	1,508	1,394	1,215
Long-Term Investments	1,146	1,361	1,434	1,663	1,649
Goodwill	1,703	2,245	2,383	2,662	2,940
Other Intangible Assets	119.8	167.08	201.42	256.65	307.67
Long-Term Accounts Receivable	1.1	1.18	1.23	1.22	1.62
Long-Term Deferred Tax Assets	203.21	190.95	231.01	173.33	115.6
Long-Term Deferred Charges	4.81	8	4.73	14	29.35
Other Long-Term Assets	0.01	0.01	18.89	25.62	17.34
Total Assets	8,718	9,957	10,655	11,248	12,385
Accounts Payable	1,366	1,462	1,365	1,438	1,467
Accrued Expenses	139.92	166.01	174.92	158.99	135.47
Short-Term Debt	1,159	2,332	2,842	2,099	3,068
Current Portion of Long-Term Debt	544.15	117.85	549.92	905.99	5
Current Portion of Leases	39.04	28.71	32.23	48.19	26.7
Current Income Taxes Payable	6.01	3.03	10.54	15.44	21.46
Current Unearned Revenue	918.59	998.94	1,105	973.33	640.22
Other Current Liabilities	260.95	310.16	344.25	249.97	174.64
Total Current Liabilities	4,434	5,419	6,424	5,889	5,538
Long-Term Debt	1,755	1,143	193.63	580.11	1,383
Long-Term Leases	120.3	105.49	158.19	149.46	29.99
Long-Term Unearned Revenue	10.25	2.79	11.44	9.99	22.67
Long-Term Deferred Tax Liabilities	47.54	47.97	57.67	24.79	31.34
Other Long-Term Liabilities	73.92	130.4	156.61	114.2	43.85
Total Liabilities	6,441	6,849	7,001	6,768	7,049
Common Stock	2,716	2,716	2,716	2,781	2,781
Additional Paid-In Capital	2,630	2,641	2,620	2,792	2,788
Retained Earnings	-3,194	-2,358	-1,813	-984.75	-138.49
Treasury Stock	-	-	-	-234.98	-234.98
Comprehensive Income & Other	35	31.97	28.68	23.36	7.28
Total Common Equity	2,187	3,031	3,552	4,376	5,202
Minority Interest	89.82	77.3	102.58	103.9	133.66
Shareholders' Equity	2,277	3,108	3,654	4,480	5,336
Total Liabilities & Equity	8,718	9,957	10,655	11,248	12,385
Total Debt	3,617	3,727	3,776	3,783	4,512
Net Cash (Debt)	-2,862	-2,905	-3,328	-3,198	-3,394
Net Cash Per Share	-1.05	-1.07	-1.25	-1.17	-1.34
Filing Date Shares Outstanding	2,716	2,716	2,716	2,716	2,716
Total Common Shares Outstanding	2,716	2,716	2,716	2,716	2,716
Working Capital	-368.86	-964.46	-1,551	-830.96	571.16
Book Value Per Share	0.81	1.12	1.31	1.61	1.92
Tangible Book Value	364.23	618.89	967.32	1,458	1,955
Tangible Book Value Per Share	0.13	0.23	0.36	0.54	0.72
Buildings	323.08	321.82	319.95	234.74	234.19
Machinery	402.91	462.45	489.86	462.08	408.5
Construction In Progress	898.37	889.3	805.72	837.76	746.82

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