SHE:000812 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	-	215.19	214.71	257.31	453.22
Cash & Short-Term Investments	492.82	215.19	214.71	257.31	453.22
Cash Growth	129.01%	0.22%	-16.56%	-43.23%	76.64%
Accounts Receivable	-	212.08	234.27	206.72	205.88
Other Receivables	-	64.96	74.47	66.91	57.77
Receivables	-	277.04	308.74	273.63	263.66
Inventory	-	273.22	286.04	375.66	442.14
Prepaid Expenses	-	0.06	0.05	0.69	0.62
Other Current Assets	-	39.57	30.31	40.28	53.1
Total Current Assets	-	805.09	839.85	947.57	1,213
Property, Plant & Equipment	-	2,989	2,218	1,615	1,298
Long-Term Investments	-	271.72	281.72	283.61	281.77
Goodwill	-	364.37	364.37	380.96	381.71
Other Intangible Assets	-	236.53	135.38	141.11	153.57
Long-Term Deferred Tax Assets	-	6.21	11.66	13.18	7.31
Long-Term Deferred Charges	-	73.73	83.49	159.45	32.08
Other Long-Term Assets	-	213.85	381.91	339.96	227.3
Total Assets	-	5,143	4,499	4,063	3,748
Accounts Payable	-	792.34	466.11	454.59	527.67
Accrued Expenses	-	149.7	150.89	133.06	115.91
Short-Term Debt	-	624.15	671.74	660	519.38
Current Portion of Long-Term Debt	-	80.86	291.55	228.7	148.7
Current Portion of Leases	-	323.95	12.94	22.29	22.95
Current Income Taxes Payable	-	9.7	6.31	7.71	9.38
Current Unearned Revenue	-	317.95	318.16	272.7	233.49
Other Current Liabilities	-	179.92	162.72	125.57	101.17
Total Current Liabilities	-	2,479	2,080	1,905	1,679
Long-Term Debt	-	136.84	242.6	265.69	254.32
Long-Term Leases	-	582.04	256.03	22.6	37.23
Long-Term Unearned Revenue	-	35.58	28.62	22.65	15.75
Long-Term Deferred Tax Liabilities	-	48.33	51.66	54.58	48.03
Total Liabilities	-	3,281	2,659	2,270	2,034
Common Stock	-	768.69	768.69	768.69	768.69
Additional Paid-In Capital	-	192.69	192.69	192.69	193.2
Retained Earnings	-	663.51	636.87	597.11	531.18
Comprehensive Income & Other	-	182.65	191.29	190.28	173.97
Total Common Equity	1,798	1,808	1,790	1,749	1,667
Minority Interest	-	53.74	50.1	44.24	47.06
Shareholders' Equity	1,852	1,861	1,840	1,793	1,714
Total Liabilities & Equity	-	5,143	4,499	4,063	3,748
Total Debt	2,299	1,748	1,475	1,199	982.59
Net Cash (Debt)	-1,806	-1,533	-1,260	-941.97	-529.38
Net Cash Per Share	-2.35	-2.00	-1.64	-1.23	-0.69
Filing Date Shares Outstanding	775.07	768.69	768.69	768.69	768.69
Total Common Shares Outstanding	768.69	768.69	768.69	768.69	768.69
Working Capital	-	-1,673	-1,241	-957.05	-465.91
Book Value Per Share	2.34	2.35	2.33	2.27	2.17
Tangible Book Value	1,203	1,207	1,290	1,227	1,132
Tangible Book Value Per Share	1.57	1.57	1.68	1.60	1.47
Buildings	-	2,047	1,444	1,168	815.26
Machinery	-	1,078	922.95	848.96	841.36
Construction In Progress	-	476.49	270.95	166.58	194.96

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