SHE:002167 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	247.06	537.78	547.51	606.76	137.08
Cash & Short-Term Investments	247.06	537.78	547.51	606.76	137.08
Cash Growth	-54.06%	-1.78%	-9.76%	342.63%	-13.34%
Accounts Receivable	266.02	162.48	231.16	173.51	105.91
Other Receivables	25.47	4.7	6.47	10.52	2.89
Receivables	291.48	167.18	237.63	184.03	108.8
Inventory	313	631.86	531.28	529.83	420.2
Other Current Assets	60.88	233.29	67.63	99.84	56.94
Total Current Assets	912.42	1,570	1,384	1,420	723.02
Property, Plant & Equipment	597.01	628.78	1,216	971.28	712.21
Long-Term Investments	19.61	23.12	144.39	145.6	128.8
Goodwill	22.98	22.98	22.98	22.98	22.98
Other Intangible Assets	526.74	474.33	556.77	563.13	515.02
Long-Term Deferred Tax Assets	0.85	0.29	1.08	3.37	0.58
Long-Term Deferred Charges	2.08	2.49	0.7	0.98	1.68
Other Long-Term Assets	6.02	2.82	98.77	3.95	7.46
Total Assets	2,088	2,725	3,424	3,132	2,112
Accounts Payable	55.38	224.3	696.05	611.06	245.15
Accrued Expenses	21.43	22.82	25.56	27.93	28.04
Short-Term Debt	192.19	412.87	687.62	523.29	268
Current Portion of Long-Term Debt	-	64.26	33.6	54.4	-
Current Portion of Leases	-	0	0.82	5.11	4.88
Current Income Taxes Payable	13.29	0.04	0.7	24.37	9.85
Current Unearned Revenue	8.39	6.09	341.37	252.56	42.07
Other Current Liabilities	21.43	26.98	136.93	184.97	209.28
Total Current Liabilities	312.1	757.35	1,923	1,684	807.27
Long-Term Debt	-	247.7	117.5	29.6	60
Long-Term Leases	-	-	1.22	8.88	12.09
Long-Term Unearned Revenue	10.77	7.91	8.3	8.06	8.22
Long-Term Deferred Tax Liabilities	2.7	3.12	3.94	4.73	2.99
Total Liabilities	325.57	1,016	2,054	1,735	890.56
Common Stock	774.67	774.67	774.9	775.13	771.34
Additional Paid-In Capital	1,120	1,120	1,120	1,112	1,078
Retained Earnings	-58.16	-110.94	-287.8	-210.16	-309.24
Treasury Stock	-	-	-84.13	-149.9	-191.61
Comprehensive Income & Other	-73.97	-74.48	-74.34	-75.83	-78.8
Total Common Equity	1,762	1,709	1,448	1,451	1,269
Minority Interest	-	-	-77.49	-54.11	-48.03
Shareholders' Equity	1,762	1,709	1,371	1,397	1,221
Total Liabilities & Equity	2,088	2,725	3,424	3,132	2,112
Total Debt	192.19	724.83	840.76	621.27	344.97
Net Cash (Debt)	54.88	-187.05	-293.24	-14.52	-207.89
Net Cash Per Share	0.07	-0.24	-0.38	-0.02	-0.29
Filing Date Shares Outstanding	690.63	774.67	774.9	775.13	771.34
Total Common Shares Outstanding	690.63	774.67	774.9	775.13	771.34
Working Capital	600.32	812.77	-538.6	-263.23	-84.25
Book Value Per Share	2.55	2.21	1.87	1.87	1.65
Tangible Book Value	1,212	1,212	868.41	864.79	731.21
Tangible Book Value Per Share	1.76	1.56	1.12	1.12	0.95
Buildings	-	657.91	648.88	617.89	617.74
Machinery	-	684.43	696.07	647.79	640.88
Construction In Progress	-	7.88	574.97	349.67	43.9

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