SHE:002159 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	Jan '22 Jan 1, 2022
Cash & Equivalents	330.29	374.76	197.82	220.28	539.54
Short-Term Investments	120.64	-	-	-	-
Cash & Short-Term Investments	450.93	374.76	197.82	220.28	539.54
Cash Growth	20.33%	89.44%	-10.19%	-59.17%	-8.40%
Accounts Receivable	13.84	8.05	11.76	8.45	11.27
Other Receivables	19.3	17.27	24.31	45.81	64.72
Receivables	33.14	25.32	36.07	54.26	75.98
Inventory	10.04	8	6.96	8.21	23.24
Prepaid Expenses	1.73	0.43	-	-	-
Other Current Assets	5.54	5.95	6.15	12.3	15.72
Total Current Assets	501.38	414.45	247	295.05	654.49
Property, Plant & Equipment	959.35	975.25	980.84	1,067	1,288
Long-Term Investments	117.63	136.87	136.03	152.84	350.36
Goodwill	90.32	90.32	100.25	116.84	123.56
Other Intangible Assets	121.33	124	119.52	100.58	111.41
Long-Term Deferred Tax Assets	38.66	37.47	21.71	21.53	2.49
Long-Term Deferred Charges	7.47	6.52	6.39	7.28	10.11
Other Long-Term Assets	61.03	66.37	84.96	120.53	61.88
Total Assets	1,897	1,851	1,697	1,881	2,602
Accounts Payable	5.65	4.97	5.03	4.38	3.85
Accrued Expenses	85.08	93.3	76.22	49.97	54.58
Short-Term Debt	-	25.02	5	229.25	474.8
Current Portion of Long-Term Debt	0	6.06	58.3	79.1	81
Current Portion of Leases	6.96	5.82	4.79	3.54	7.11
Current Income Taxes Payable	9.52	10.65	17.2	11.41	3.08
Current Unearned Revenue	16.67	15.05	11.66	11.95	8.79
Other Current Liabilities	83.45	92.62	86.52	159.46	206.09
Total Current Liabilities	207.34	253.48	264.72	549.06	839.31
Long-Term Debt	1	25.93	37.73	78.56	362.16
Long-Term Leases	105.79	94.53	38.43	38.85	39.85
Long-Term Unearned Revenue	20.53	21.4	22.35	22.63	33.37
Long-Term Deferred Tax Liabilities	29.79	29.36	17.51	27.52	36.56
Other Long-Term Liabilities	15.32	12.52	13.71	4.31	1.33
Total Liabilities	379.78	437.22	394.46	720.92	1,313
Common Stock	177.3	177.3	177.3	177.3	177.3
Additional Paid-In Capital	837.44	837.44	837.44	837.44	873.73
Retained Earnings	449.59	350.57	247.59	120.08	143.74
Comprehensive Income & Other	-3	0.2	-5.69	-6.94	50.73
Total Common Equity	1,461	1,366	1,257	1,128	1,245
Minority Interest	56.06	48.52	45.6	32.52	43.9
Shareholders' Equity	1,517	1,414	1,302	1,160	1,289
Total Liabilities & Equity	1,897	1,851	1,697	1,881	2,602
Total Debt	113.76	157.36	144.26	429.28	964.92
Net Cash (Debt)	337.18	217.4	53.57	-209.01	-425.37
Net Cash Growth	55.09%	305.87%	-	-	-
Net Cash Per Share	1.91	1.23	0.30	-1.17	-2.40
Filing Date Shares Outstanding	177.3	177.3	177.3	177.3	177.3
Total Common Shares Outstanding	177.3	177.3	177.3	177.3	177.3
Working Capital	294.04	160.97	-17.72	-254.01	-184.82
Book Value Per Share	8.24	7.70	7.09	6.36	7.02
Tangible Book Value	1,250	1,151	1,037	910.44	1,011
Tangible Book Value Per Share	7.05	6.49	5.85	5.13	5.70
Buildings	-	-	1,210	1,213	1,381
Machinery	1,712	1,720	503.38	512.45	486.74
Construction In Progress	50.89	30.13	32.42	54.82	96.35

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