SHE:002166 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	183.94	165.06	130.45	551.74	97.41
Trading Asset Securities	11.43	22.96	60.57	-	-
Cash & Short-Term Investments	195.37	188.02	191.03	551.74	97.41
Cash Growth	3.91%	-1.57%	-65.38%	466.40%	-54.41%
Accounts Receivable	1,345	1,130	1,190	977.18	876.72
Other Receivables	9.17	18.16	6.62	19.26	16
Receivables	1,354	1,149	1,197	996.44	892.71
Inventory	1,317	1,204	971.3	925.37	680.71
Prepaid Expenses	-	2.16	2.44	-	-
Other Current Assets	124.43	89.6	74.15	174.57	105.56
Total Current Assets	2,991	2,633	2,436	2,648	1,776
Property, Plant & Equipment	1,556	1,544	1,305	1,066	968.59
Long-Term Investments	638.3	623.61	587.86	557.11	336.79
Goodwill	29.31	29.31	29.31	28.44	28.44
Other Intangible Assets	129.72	134.73	129.36	121.4	113.84
Long-Term Deferred Tax Assets	26.71	31.18	28.36	19.66	20.15
Long-Term Deferred Charges	3.01	5.96	10.58	1.67	1
Other Long-Term Assets	8.12	16.93	99.15	13.46	13.8
Total Assets	5,382	5,019	4,626	4,455	3,259
Accounts Payable	697.92	605.71	448.59	377.16	447.02
Accrued Expenses	24.51	41.2	26.78	29.52	26.22
Short-Term Debt	765.09	423.94	388.1	433.81	668.81
Current Portion of Long-Term Debt	271.28	327.62	220.28	59.58	-
Current Portion of Leases	-	71.16	29.36	35.51	0.66
Current Income Taxes Payable	27.78	40.01	35.67	42.29	22.72
Current Unearned Revenue	5.26	7.96	2.2	2.22	4.27
Other Current Liabilities	81.69	27.17	47.74	73.67	29.51
Total Current Liabilities	1,874	1,545	1,199	1,054	1,199
Long-Term Debt	72	90	60	93.08	-
Long-Term Leases	3.21	41.07	18.3	45.4	1.82
Long-Term Unearned Revenue	79.25	91.04	96.92	108.95	120.86
Long-Term Deferred Tax Liabilities	51.03	50.94	47.17	41.04	36.33
Other Long-Term Liabilities	63.03	-	-	-	-
Total Liabilities	2,142	1,818	1,421	1,342	1,358
Common Stock	741.61	741.61	741.99	742.08	565.21
Additional Paid-In Capital	1,478	1,482	1,477	1,458	604.1
Retained Earnings	1,002	931.59	915.26	906.95	728.21
Treasury Stock	-105	-77.96	-38.21	-64.51	-
Comprehensive Income & Other	39.96	46.87	35.97	21.81	-28.88
Total Common Equity	3,156	3,124	3,132	3,065	1,869
Minority Interest	83.66	76.96	72.8	48.5	32.14
Shareholders' Equity	3,240	3,201	3,204	3,113	1,901
Total Liabilities & Equity	5,382	5,019	4,626	4,455	3,259
Total Debt	1,112	953.78	716.03	667.38	671.29
Net Cash (Debt)	-916.22	-765.76	-525.01	-115.64	-573.88
Net Cash Per Share	-1.25	-1.03	-0.70	-0.19	-1.02
Filing Date Shares Outstanding	831.58	741.62	741.99	742.08	565.21
Total Common Shares Outstanding	831.58	741.62	741.99	742.08	565.21
Working Capital	1,118	1,088	1,237	1,594	577.19
Book Value Per Share	3.80	4.21	4.22	4.13	3.31
Tangible Book Value	2,997	2,960	2,973	2,915	1,726
Tangible Book Value Per Share	3.60	3.99	4.01	3.93	3.05
Buildings	-	850.01	678.12	668.92	414.41
Machinery	-	994.61	660.85	628.56	371.33
Construction In Progress	-	102	277.38	2.04	352.97

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