SHE:000856 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Cash & Equivalents	185.27	226.32	343.87	259.71	255.01
Cash & Short-Term Investments	185.27	226.32	343.87	259.71	255.01
Cash Growth	-18.14%	-34.19%	32.41%	1.84%	-23.16%
Accounts Receivable	1,258	1,312	1,063	1,037	1,128
Other Receivables	30.92	31.62	30.02	20.62	26.96
Receivables	1,289	1,343	1,093	1,058	1,155
Inventory	242.05	230.96	229.22	227.08	114.04
Prepaid Expenses	13.97	17.79	14.29	0.05	0.19
Other Current Assets	114.63	71.03	102.62	315.3	146.14
Total Current Assets	1,845	1,890	1,783	1,860	1,670
Property, Plant & Equipment	214.56	228.36	230.24	235.59	227.95
Long-Term Investments	24.93	39.81	28.5	37.24	17.45
Other Intangible Assets	14.76	14.79	15.5	16.03	16.89
Long-Term Deferred Tax Assets	40.3	35.54	37.44	42.18	47.41
Long-Term Deferred Charges	23.77	28.73	30.45	0.97	1.36
Total Assets	2,163	2,237	2,126	2,192	1,981
Accounts Payable	1,367	1,447	1,219	1,067	989.41
Accrued Expenses	20.14	18.61	13.86	18.63	31.18
Short-Term Debt	163.52	148.32	198.2	178.44	283.17
Current Portion of Leases	1.1	0.93	0.52	0.24	0.23
Current Income Taxes Payable	3.52	0.68	1.06	6.86	9.09
Current Unearned Revenue	78.01	94.41	153.64	371.33	178.96
Other Current Liabilities	73.4	73.47	89.46	123.95	74.44
Total Current Liabilities	1,706	1,783	1,676	1,766	1,566
Long-Term Leases	0.57	0.18	0.33	-	0.24
Long-Term Unearned Revenue	1.12	5.45	5.78	6.11	7.11
Long-Term Deferred Tax Liabilities	0.35	0.39	0.72	0.94	-
Total Liabilities	1,708	1,789	1,683	1,774	1,574
Common Stock	227	227	227	227	227
Additional Paid-In Capital	158.66	358.66	358.66	358.66	358.66
Retained Earnings	77.13	-148.98	-170.84	-201.51	-215.24
Comprehensive Income & Other	-30.41	-17.05	-5.14	1.6	4.99
Total Common Equity	432.38	419.63	409.68	385.75	375.41
Minority Interest	22.57	28.18	33.33	32.54	31.75
Shareholders' Equity	454.95	447.81	443.01	418.29	407.16
Total Liabilities & Equity	2,163	2,237	2,126	2,192	1,981
Total Debt	165.19	149.43	199.05	178.69	283.63
Net Cash (Debt)	20.08	76.9	144.82	81.02	-28.62
Net Cash Growth	-73.89%	-46.90%	78.74%	-	-
Net Cash Per Share	0.09	0.34	0.64	0.36	-0.13
Filing Date Shares Outstanding	227	227	227	227	227
Total Common Shares Outstanding	227	227	227	227	227
Working Capital	138.68	106.59	107.72	93.32	103.44
Book Value Per Share	1.90	1.85	1.80	1.70	1.65
Tangible Book Value	417.62	404.83	394.18	369.72	358.52
Tangible Book Value Per Share	1.84	1.78	1.74	1.63	1.58
Buildings	133.89	133.89	133.89	131.47	127.29
Machinery	212.27	211.37	207.64	199.82	189.52
Construction In Progress	9.56	9.54	2.06	4.83	0.09

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