SHE:000524 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	Dec '21 Dec 31, 2021
Cash & Equivalents	1,809	1,683	1,350	1,100	1,410
Short-Term Investments	-	217.11	-	-	-
Trading Asset Securities	0.49	0.46	0.5	0.5	1.74
Cash & Short-Term Investments	1,810	1,900	1,351	1,101	1,411
Cash Growth	-4.75%	40.66%	22.72%	-22.00%	-14.07%
Accounts Receivable	120.86	137.89	126.44	73.41	71.41
Other Receivables	66.76	69.91	79.95	36.27	33.4
Receivables	187.62	216.82	220.26	109.68	104.81
Inventory	11.02	11.37	12.67	15.76	14.03
Prepaid Expenses	-	-	0	-	0.01
Other Current Assets	136.8	110.13	96.02	55.28	74.63
Total Current Assets	2,145	2,239	1,680	1,282	1,605
Property, Plant & Equipment	667.31	526.54	552.76	536.46	560.91
Long-Term Investments	94	76.14	263.7	74.6	75.55
Goodwill	50.35	52.82	57.49	60.42	69.31
Other Intangible Assets	445.39	463.84	481.42	499.99	516.25
Long-Term Deferred Tax Assets	114.75	99.47	124.07	136.79	115.3
Long-Term Deferred Charges	344.62	218.4	225.89	194.32	187.53
Other Long-Term Assets	10.02	14.51	10.08	214.18	8.11
Total Assets	3,872	3,690	3,395	2,998	3,138
Accounts Payable	383.76	364.95	345.87	257.47	265.85
Accrued Expenses	134.44	161.73	152.08	103.54	111.6
Short-Term Debt	-	-	-	24.87	0.51
Current Portion of Long-Term Debt	37.62	-	-	-	-
Current Portion of Leases	-	29.66	21.73	14.91	22.51
Current Income Taxes Payable	16.51	11.03	2.24	1.06	0.02
Current Unearned Revenue	388.35	420.06	336.78	189.78	185.02
Other Current Liabilities	225.82	215.01	225.78	209.37	184.17
Total Current Liabilities	1,186	1,202	1,084	800.99	769.68
Long-Term Leases	227.36	86.02	77.69	37.79	25.93
Long-Term Unearned Revenue	1.44	1.21	0.6	1.02	2.14
Pension & Post-Retirement Benefits	-	56.26	59.97	63.46	67.02
Long-Term Deferred Tax Liabilities	84.73	47.82	39.55	35.48	24.53
Other Long-Term Liabilities	59.51	0.6	0.6	0.6	0.6
Total Liabilities	1,560	1,394	1,263	939.33	889.91
Common Stock	670.21	670.21	670.21	670.21	670.21
Additional Paid-In Capital	1,210	1,210	1,216	1,216	1,216
Retained Earnings	347.46	331.02	180.87	106.5	284.52
Comprehensive Income & Other	59.08	55.89	39.27	53.65	54.25
Total Common Equity	2,287	2,267	2,106	2,046	2,225
Minority Interest	25.15	28.43	26.09	13	23.26
Shareholders' Equity	2,312	2,296	2,132	2,059	2,248
Total Liabilities & Equity	3,872	3,690	3,395	2,998	3,138
Total Debt	264.98	115.68	99.43	77.56	48.96
Net Cash (Debt)	1,545	1,785	1,251	1,023	1,362
Net Cash Growth	-13.43%	42.59%	22.30%	-24.89%	-15.62%
Net Cash Per Share	2.21	2.61	1.80	1.55	2.03
Filing Date Shares Outstanding	835.66	670.21	670.21	670.21	670.21
Total Common Shares Outstanding	835.66	670.21	670.21	670.21	670.21
Working Capital	958.84	1,036	595.37	480.56	835.12
Book Value Per Share	2.74	3.38	3.14	3.05	3.32
Tangible Book Value	1,791	1,751	1,567	1,486	1,639
Tangible Book Value Per Share	2.14	2.61	2.34	2.22	2.45
Buildings	-	1,109	1,158	1,166	1,167
Machinery	-	790.17	793.17	786.16	772.2
Construction In Progress	-	7.84	13.26	3.11	4.04

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.