SHE:002003 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	-	1,108	1,415	821.35	633.78
Cash & Short-Term Investments	1,330	1,108	1,415	821.35	633.78
Cash Growth	20.02%	-21.71%	72.30%	29.59%	-9.18%
Accounts Receivable	-	658.23	639.48	426.3	480.62
Other Receivables	-	52.56	25.08	24.06	25.21
Receivables	-	710.78	664.56	450.36	505.83
Inventory	-	703.89	604.53	563.37	549.85
Other Current Assets	-	86.85	74.42	83.56	74.26
Total Current Assets	-	2,609	2,759	1,919	1,764
Property, Plant & Equipment	-	2,977	2,571	2,212	1,752
Long-Term Investments	-	117.13	103.5	85.92	65.05
Other Intangible Assets	-	403.54	383.25	375.39	308.54
Long-Term Deferred Tax Assets	-	27.73	16.64	59.58	44.09
Long-Term Deferred Charges	-	19.64	19.22	19.77	17.57
Other Long-Term Assets	-	136.25	177.73	109.58	88.03
Total Assets	-	6,290	6,030	4,781	4,039
Accounts Payable	-	515.64	469.58	359.31	363.59
Accrued Expenses	-	281.23	237.16	203.39	218.98
Short-Term Debt	-	711.69	540.51	649.71	328.4
Current Portion of Long-Term Debt	-	96.09	-	5.22	9.55
Current Portion of Leases	-	24.63	20.48	21.28	27.59
Current Income Taxes Payable	-	19.83	15.64	8.09	23.9
Current Unearned Revenue	-	46.18	40.4	49.83	40.66
Other Current Liabilities	-	59.58	90.97	199.17	155.26
Total Current Liabilities	-	1,755	1,415	1,496	1,168
Long-Term Debt	-	-	98.1	199.35	4.78
Long-Term Leases	-	14.29	33.27	19.55	33.49
Long-Term Unearned Revenue	-	99.9	77.06	64.2	55.22
Long-Term Deferred Tax Liabilities	-	21.55	24.07	69.85	45
Total Liabilities	-	1,891	1,647	1,849	1,306
Common Stock	-	1,169	1,169	1,037	797.85
Additional Paid-In Capital	-	1,710	1,675	582.43	755.44
Retained Earnings	-	1,512	1,572	1,376	1,287
Treasury Stock	-	-45.81	-77.52	-108.61	-143.15
Comprehensive Income & Other	-	9.33	10.5	7.53	-4.1
Total Common Equity	4,608	4,354	4,349	2,895	2,693
Minority Interest	-	45.34	33.29	36.88	39.86
Shareholders' Equity	4,657	4,400	4,382	2,932	2,733
Total Liabilities & Equity	-	6,290	6,030	4,781	4,039
Total Debt	1,359	846.7	692.37	895.11	403.81
Net Cash (Debt)	-28.86	261.19	722.78	-73.76	229.97
Net Cash Growth	-	-63.86%	-	-	-49.92%
Net Cash Per Share	-0.02	0.22	0.69	-0.07	0.23
Filing Date Shares Outstanding	1,189	1,169	1,169	1,037	1,037
Total Common Shares Outstanding	1,189	1,169	1,169	1,037	1,037
Working Capital	-	854.55	1,344	422.65	595.77
Book Value Per Share	3.94	3.73	3.72	2.79	2.60
Tangible Book Value	4,105	3,951	3,966	2,520	2,384
Tangible Book Value Per Share	3.51	3.38	3.39	2.43	2.30
Buildings	-	2,428	1,751	1,477	1,150
Machinery	-	2,070	1,744	1,654	1,431
Construction In Progress	-	251.44	643.82	494.78	462.6

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