SHE:002033 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	427.78	743.35	622.46	621.22	632.3
Short-Term Investments	267.78	83.17	56.73	-	30.15
Trading Asset Securities	135.64	-	130.92	101.2	111.55
Cash & Short-Term Investments	831.2	826.52	810.11	722.41	774
Cash Growth	0.57%	2.02%	12.14%	-6.66%	-24.85%
Accounts Receivable	10.25	9.69	9.52	5.51	6.87
Other Receivables	1.57	1.2	2.53	1.58	2.36
Receivables	112.3	10.89	12.05	7.1	9.23
Inventory	16	14.42	17.72	18.67	14.19
Prepaid Expenses	0.3	0.09	0.35	0.32	1.67
Other Current Assets	18.61	10.15	9.1	32.36	13.52
Total Current Assets	978.41	862.06	849.34	780.86	812.61
Property, Plant & Equipment	1,393	1,465	1,348	1,327	1,211
Long-Term Investments	95.65	87.9	105.56	56.09	47.97
Goodwill	26.12	26.12	26.12	26.12	26.12
Other Intangible Assets	298.66	268.99	270.1	280.46	289.72
Long-Term Deferred Tax Assets	3.08	3.53	3.38	4.77	4.3
Long-Term Deferred Charges	18.41	25.43	28.58	34.07	32.89
Other Long-Term Assets	256.08	277.71	293.38	240.55	265.38
Total Assets	3,069	3,016	2,924	2,750	2,690
Accounts Payable	47.61	169.25	109.47	114.47	80.88
Accrued Expenses	122.82	116.61	135.08	57.78	47.14
Current Portion of Leases	0.55	1.66	1.1	0.21	0.19
Current Income Taxes Payable	10.5	10.63	7.19	5.17	2.9
Current Unearned Revenue	10.57	7.79	5.87	4.98	3.76
Other Current Liabilities	47.1	32.61	15.39	31	30.86
Total Current Liabilities	239.15	338.55	274.1	213.62	165.73
Long-Term Leases	7.81	8.15	7.99	8.83	5.79
Long-Term Unearned Revenue	17.56	5.67	6.26	7.07	5.34
Long-Term Deferred Tax Liabilities	0.11	-	0.14	0.18	0.23
Other Long-Term Liabilities	-	-	-	-	2
Total Liabilities	264.64	352.38	288.5	229.7	179.09
Common Stock	549.49	549.49	549.49	549.49	549.49
Additional Paid-In Capital	572.39	562.2	558.17	558.4	558.55
Retained Earnings	1,437	1,416	1,398	1,308	1,304
Total Common Equity	2,559	2,528	2,505	2,416	2,412
Minority Interest	245.36	136.32	130.05	104.62	99.11
Shareholders' Equity	2,804	2,664	2,636	2,520	2,511
Total Liabilities & Equity	3,069	3,016	2,924	2,750	2,690
Total Debt	8.36	9.81	9.1	9.05	5.98
Net Cash (Debt)	822.84	816.71	801.02	713.37	768.02
Net Cash Growth	0.75%	1.96%	12.29%	-7.12%	-25.43%
Net Cash Per Share	1.50	1.49	1.46	1.30	1.40
Filing Date Shares Outstanding	549.49	549.49	549.49	549.49	549.49
Total Common Shares Outstanding	549.49	549.49	549.49	549.49	549.49
Working Capital	739.25	523.51	575.24	567.24	646.88
Book Value Per Share	4.66	4.60	4.56	4.40	4.39
Tangible Book Value	2,234	2,233	2,209	2,109	2,096
Tangible Book Value Per Share	4.07	4.06	4.02	3.84	3.81
Buildings	1,370	1,423	1,226	1,134	1,114
Machinery	615.3	669.74	578.92	511.22	508.12
Construction In Progress	114.76	31.21	163.29	201.28	56.32

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