SHE:001257 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	1,262	1,117	1,005	414.89
Short-Term Investments	-	-	50.16	197.09
Trading Asset Securities	-	150.52	-	-
Cash & Short-Term Investments	1,262	1,268	1,056	611.98
Cash Growth	-0.43%	20.09%	72.50%	-
Accounts Receivable	333.49	237.66	298.59	374.21
Other Receivables	4.41	3.01	18.39	11.99
Receivables	337.9	240.67	318.39	422.39
Inventory	493.68	705.96	600.1	122.31
Prepaid Expenses	-	-	1.65	-
Other Current Assets	76.83	52.03	42.97	35.93
Total Current Assets	2,171	2,266	2,019	1,193
Property, Plant & Equipment	2,900	2,079	1,543	1,249
Long-Term Investments	92.39	79.27	66.87	44.17
Goodwill	108.06	108.06	108.06	108.06
Other Intangible Assets	1,700	1,663	1,634	1,641
Long-Term Deferred Tax Assets	0.83	4.66	9.37	16.09
Long-Term Deferred Charges	528.67	521.31	520.71	474.45
Other Long-Term Assets	165.98	168.98	138.3	69.29
Total Assets	7,666	6,890	6,043	4,828
Accounts Payable	178.24	299.59	264.28	606.8
Accrued Expenses	55.9	32.3	29.5	58.09
Short-Term Debt	300.21	250.18	631.92	936.13
Current Portion of Long-Term Debt	-	-	18.36	5.49
Current Portion of Leases	-	-	98.75	100.58
Current Income Taxes Payable	26.08	141.71	27.37	36.89
Current Unearned Revenue	12.4	45.74	70.83	2.34
Other Current Liabilities	797.94	588.36	246.88	129.4
Total Current Liabilities	1,371	1,358	1,388	1,876
Long-Term Debt	177.04	334.92	267.48	5.22
Long-Term Leases	1.99	-	67.33	65.43
Long-Term Unearned Revenue	4.63	-	-	-
Long-Term Deferred Tax Liabilities	304.84	287.17	288.17	284.35
Other Long-Term Liabilities	121.46	162.42	117.34	157.29
Total Liabilities	1,981	2,142	2,128	2,388
Common Stock	1,621	1,621	1,621	1,000
Additional Paid-In Capital	1,435	1,435	1,435	260.61
Retained Earnings	2,368	1,484	727.34	451.79
Comprehensive Income & Other	248.02	190.11	110.97	47.6
Total Common Equity	5,672	4,730	3,894	1,760
Minority Interest	13.66	17.76	20.37	680.36
Shareholders' Equity	5,685	4,748	3,914	2,440
Total Liabilities & Equity	7,666	6,890	6,043	4,828
Total Debt	479.24	585.11	1,084	1,113
Net Cash (Debt)	783.09	682.68	-28.19	-500.86
Net Cash Growth	14.71%	-	-	-
Net Cash Per Share	0.48	0.42	-0.02	-0.49
Filing Date Shares Outstanding	1,621	1,621	1,183	1,029
Total Common Shares Outstanding	1,621	1,621	1,183	1,029
Working Capital	799.98	908.55	630.87	-683.09
Book Value Per Share	3.50	2.92	3.29	1.71
Tangible Book Value	3,864	2,959	2,152	11.32
Tangible Book Value Per Share	2.38	1.83	1.82	0.01
Buildings	422.18	363.31	337.93	319.25
Machinery	358.98	195.35	177.81	157.81
Construction In Progress	2,137	1,489	941.13	638.74

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