SHE:002102 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	998.57	1,923	2,121	1,001	304.29
Short-Term Investments	-	-	-	826	1,035
Cash & Short-Term Investments	998.57	1,923	2,121	1,827	1,340
Cash Growth	-48.07%	-9.36%	16.08%	36.41%	295.51%
Accounts Receivable	460.35	281.12	398.94	462.22	353.29
Other Receivables	372.38	25.46	15.84	129.35	199.71
Receivables	832.73	306.58	567.25	591.57	553
Inventory	1,199	2,235	1,927	1,662	1,271
Prepaid Expenses	-	0.14	0.16	0.43	0.23
Other Current Assets	250.5	359.9	369.34	437.12	465.91
Total Current Assets	3,281	4,824	4,985	4,518	3,629
Property, Plant & Equipment	980.07	1,038	1,137	1,228	1,318
Long-Term Investments	1,298	938.16	673.75	557.96	437.96
Goodwill	358.47	589.06	1,382	1,538	1,728
Other Intangible Assets	159.46	268.82	225.99	215.97	215.25
Long-Term Accounts Receivable	-	6.19	19.16	173.39	235.43
Long-Term Deferred Tax Assets	41.75	39.73	31.59	28.27	36.57
Long-Term Deferred Charges	2.28	2.61	26.16	35.86	45.44
Other Long-Term Assets	537.63	549.26	668.74	695.57	1,508
Total Assets	6,659	8,256	9,150	9,150	9,360
Accounts Payable	1,524	2,412	2,739	2,358	2,645
Accrued Expenses	26.03	30.52	29.36	50.33	286.33
Short-Term Debt	885.1	952.87	1,056	922.32	731.59
Current Portion of Long-Term Debt	159.35	168.41	264.12	-	8
Current Portion of Leases	-	0.61	1.96	2.69	3.04
Current Income Taxes Payable	8.59	10.52	19.15	14.6	24.38
Current Unearned Revenue	106.99	474.19	147.67	96.91	162.09
Other Current Liabilities	351.12	140.8	140.47	483.2	637.1
Total Current Liabilities	3,061	4,190	4,398	3,928	4,497
Long-Term Debt	189.4	216.09	184.17	905.2	622.21
Long-Term Leases	-	1.32	17.01	19.02	21.22
Long-Term Unearned Revenue	51.58	57.32	66.98	72.79	80.76
Long-Term Deferred Tax Liabilities	63.64	68.06	133.96	114.78	104.56
Other Long-Term Liabilities	22.4	14.87	65.18	95.29	482.02
Total Liabilities	3,389	4,548	4,865	5,135	5,808
Common Stock	2,476	2,634	2,634	2,634	2,634
Additional Paid-In Capital	1,319	1,666	1,666	1,699	1,699
Retained Earnings	-732.5	-947.69	-359.66	-618.4	-1,063
Treasury Stock	-140	-5	-5	-5	-5
Comprehensive Income & Other	154.2	154.74	154.75	153.75	153.89
Total Common Equity	3,076	3,502	4,090	3,863	3,419
Minority Interest	193.98	206.34	194.79	151.9	133.22
Shareholders' Equity	3,270	3,708	4,285	4,015	3,552
Total Liabilities & Equity	6,659	8,256	9,150	9,150	9,360
Total Debt	1,234	1,339	1,524	1,849	1,386
Net Cash (Debt)	-235.27	583.57	597.63	-21.75	-46.33
Net Cash Growth	-	-2.35%	-	-	-
Net Cash Per Share	-0.09	0.22	0.23	-0.01	-0.02
Filing Date Shares Outstanding	2,245	2,633	2,639	2,633	2,633
Total Common Shares Outstanding	2,245	2,633	2,639	2,633	2,633
Working Capital	219.53	634.03	587.3	590.77	-867.64
Book Value Per Share	1.37	1.33	1.55	1.47	1.30
Tangible Book Value	2,558	2,644	2,482	2,109	1,475
Tangible Book Value Per Share	1.14	1.00	0.94	0.80	0.56
Buildings	-	545.4	530.71	525.86	558.26
Machinery	-	1,054	1,044	1,012	853.55
Construction In Progress	-	21.32	5.67	7.18	121.32

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