SHE:000153 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	386.96	250.82	319.91	353.14	282.98
Short-Term Investments	-	-	-	80.69	-
Cash & Short-Term Investments	386.96	250.82	319.91	433.83	282.98
Cash Growth	54.28%	-21.59%	-26.26%	53.30%	0.23%
Accounts Receivable	1,038	967.25	841.9	756.44	721.33
Other Receivables	22.54	63.55	53.51	59.94	96.8
Receivables	1,061	1,031	895.41	816.38	818.13
Inventory	544.15	593.11	573.58	699.15	654.87
Prepaid Expenses	-	1.16	2.92	3.61	6.18
Other Current Assets	104.19	89.47	111.1	124.44	108.36
Total Current Assets	2,096	1,965	1,903	2,077	1,871
Property, Plant & Equipment	1,754	1,664	1,514	1,462	1,290
Long-Term Investments	560.28	480.43	362.45	371.45	329.51
Goodwill	4.66	7.92	7.92	7.92	7.92
Other Intangible Assets	251.44	242.29	203.73	170.24	162.4
Long-Term Deferred Tax Assets	64.83	58.99	60.24	39.98	37.67
Long-Term Deferred Charges	100.21	98.84	117.64	106.32	94.66
Other Long-Term Assets	227.39	181.22	222.58	234.26	266.08
Total Assets	5,060	4,699	4,391	4,469	4,059
Accounts Payable	964.3	656.22	746.11	722.74	619.21
Accrued Expenses	78.78	484.26	454.29	481.71	408.2
Short-Term Debt	558.47	479.33	344.29	410.91	435.42
Current Portion of Long-Term Debt	228.96	271.26	128.81	119.4	54.18
Current Portion of Leases	-	20.64	19.71	17.47	21.48
Current Income Taxes Payable	35.12	28.23	33.64	32.85	29.48
Current Unearned Revenue	80.65	63.18	89.39	257.13	149.17
Other Current Liabilities	430.16	184.98	197.41	302.43	223.1
Total Current Liabilities	2,376	2,188	2,014	2,345	1,940
Long-Term Debt	287.12	196.13	174.75	168.85	86
Long-Term Leases	12.91	17.31	20.21	20.71	28.86
Long-Term Unearned Revenue	229.69	227.2	238.05	151.92	150.88
Long-Term Deferred Tax Liabilities	27.47	24.3	25.85	28.35	31.12
Other Long-Term Liabilities	-	-	-	-	50.62
Total Liabilities	2,934	2,653	2,472	2,714	2,288
Common Stock	464.77	464.77	332.03	332.11	312.14
Additional Paid-In Capital	459.37	454.48	573.06	536.06	695.55
Retained Earnings	1,095	1,042	931.21	805.14	681.93
Treasury Stock	-0.24	-	-	-	-
Comprehensive Income & Other	85.1	58.07	53.11	55.18	52.17
Total Common Equity	2,104	2,020	1,889	1,728	1,742
Minority Interest	21.92	26.34	29.42	26.27	29.55
Shareholders' Equity	2,126	2,046	1,919	1,755	1,771
Total Liabilities & Equity	5,060	4,699	4,391	4,469	4,059
Total Debt	1,087	984.67	687.76	737.34	625.93
Net Cash (Debt)	-700.51	-733.85	-367.86	-303.51	-342.95
Net Cash Per Share	-1.51	-1.58	-0.79	-0.68	-0.78
Filing Date Shares Outstanding	464.98	464.77	464.84	464.96	437
Total Common Shares Outstanding	464.98	464.77	464.84	464.96	437
Working Capital	-280.1	-222.74	-110.72	-267.23	-69.72
Book Value Per Share	4.53	4.35	4.06	3.72	3.99
Tangible Book Value	1,848	1,769	1,678	1,550	1,571
Tangible Book Value Per Share	3.97	3.81	3.61	3.33	3.60
Buildings	-	963.1	880.3	855.42	641.93
Machinery	-	1,117	894.08	873.71	834.86
Construction In Progress	-	445.12	524.13	439.38	458.25

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