SHE:002022 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	857.93	864.63	1,631	3,475	2,638
Trading Asset Securities	60.36	0.29	316.77	-	-
Cash & Short-Term Investments	918.29	864.92	1,948	3,475	2,638
Cash Growth	6.17%	-55.59%	-43.95%	31.75%	22.59%
Accounts Receivable	607.11	884.22	1,139	1,429	990.69
Other Receivables	28.21	15.35	24.17	33.5	27.21
Receivables	635.32	899.56	1,163	1,463	1,018
Inventory	643.51	875.2	975.43	1,266	826.86
Prepaid Expenses	1.78	0.35	1.44	0.11	0
Other Current Assets	208.26	196.39	228.34	241.13	323.39
Total Current Assets	2,407	2,836	4,316	6,445	4,806
Property, Plant & Equipment	845.04	858.72	939.89	858.13	676.76
Long-Term Investments	23.63	26.9	24.89	44.62	45.59
Goodwill	608.9	660.3	695.08	726.47	831.21
Other Intangible Assets	355.93	382.8	387.84	334.64	305.08
Long-Term Accounts Receivable	23.14	26.94	25.73	29.9	26.48
Long-Term Deferred Tax Assets	172.6	232.63	225.04	154.21	76.96
Long-Term Deferred Charges	190.15	192.76	180.27	180.58	173.72
Other Long-Term Assets	14.87	18.66	12.76	45.49	13.67
Total Assets	4,641	5,236	6,808	8,819	6,955
Accounts Payable	319.4	276.24	348.08	823.28	316.22
Accrued Expenses	160.53	166.01	143.57	441.79	286.26
Short-Term Debt	336.76	83.42	45.05	31.77	95.72
Current Portion of Long-Term Debt	36.05	36.14	33.65	28.29	20.48
Current Portion of Leases	23.81	23.51	26.8	27.71	25.32
Current Income Taxes Payable	5.53	1.18	8.89	54.42	64.34
Current Unearned Revenue	135.77	114.55	80.44	307.53	139.77
Other Current Liabilities	334.78	118.79	216.44	338.34	45.5
Total Current Liabilities	1,353	819.83	902.92	2,053	993.61
Long-Term Debt	58.47	300.74	766.63	750.08	705.94
Long-Term Leases	22.11	25.94	35.33	28.5	32.34
Long-Term Unearned Revenue	28.85	34.56	38.21	46.66	48.12
Long-Term Deferred Tax Liabilities	9	10.52	20.26	23.28	19.89
Other Long-Term Liabilities	60.81	62.15	60.17	64.94	24.05
Total Liabilities	1,532	1,254	1,824	2,967	1,824
Common Stock	514.35	514.32	514.3	514.3	514.28
Additional Paid-In Capital	228.95	228.2	192.87	294.4	295.99
Retained Earnings	1,939	2,671	3,312	3,854	2,916
Treasury Stock	-101.02	-101.02	-	-	-0.13
Comprehensive Income & Other	56.71	37.26	153.28	152.62	146.06
Total Common Equity	2,638	3,350	4,172	4,816	3,872
Minority Interest	471.64	632.55	812.11	1,037	1,259
Shareholders' Equity	3,110	3,982	4,984	5,853	5,131
Total Liabilities & Equity	4,641	5,236	6,808	8,819	6,955
Total Debt	477.21	469.75	907.46	866.35	879.8
Net Cash (Debt)	441.08	395.17	1,040	2,609	1,758
Net Cash Growth	11.62%	-62.01%	-60.12%	48.40%	53.98%
Net Cash Per Share	0.86	0.78	2.02	4.89	3.31
Filing Date Shares Outstanding	500.65	500.62	514.3	514.3	514.28
Total Common Shares Outstanding	500.65	500.62	514.3	514.3	514.28
Working Capital	1,055	2,017	3,413	4,392	3,812
Book Value Per Share	5.27	6.69	8.11	9.36	7.53
Tangible Book Value	1,673	2,307	3,089	3,754	2,736
Tangible Book Value Per Share	3.34	4.61	6.01	7.30	5.32
Buildings	691.34	656.24	595.32	535.65	264.49
Machinery	856.41	853.2	873.62	776.62	638.37
Construction In Progress	0.53	3.58	38.3	21.84	164.2

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