SHE:002172 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	405.8	521.49	707.37	984.16	982.58
Trading Asset Securities	-	-	-	-	53.19
Cash & Short-Term Investments	405.8	521.49	707.37	984.16	1,036
Cash Growth	-22.18%	-26.28%	-28.12%	-4.98%	-32.35%
Accounts Receivable	334.01	372.76	333.42	522.86	1,460
Other Receivables	38.79	54.13	57.07	88.98	75.48
Receivables	372.81	426.89	390.5	611.84	1,536
Inventory	133.42	149.47	183.42	175.65	164.6
Prepaid Expenses	-	-	-	1.76	-
Other Current Assets	23.06	30.36	38.78	35.28	42.92
Total Current Assets	935.09	1,128	1,320	1,809	2,779
Property, Plant & Equipment	752.3	805.68	814.6	772.39	869.63
Long-Term Investments	13.6	14.26	0.89	6.2	10.36
Goodwill	7.64	10.09	10.09	10.09	10.09
Other Intangible Assets	61.69	63.7	66.51	70.41	67.14
Long-Term Deferred Tax Assets	14.97	13.12	12.48	12	9.4
Long-Term Deferred Charges	2.84	9.4	7.96	10.44	60.53
Other Long-Term Assets	1.39	6.59	8.79	17.82	17.11
Total Assets	1,790	2,051	2,241	2,708	3,823
Accounts Payable	459.67	567.18	676.07	894.68	1,434
Accrued Expenses	53.7	97.46	95.02	71.9	78.03
Short-Term Debt	670.69	704.85	1,084	1,176	1,717
Current Portion of Long-Term Debt	117.72	10.19	9.67	28.98	38.91
Current Portion of Leases	-	86.39	18.19	111.64	119.12
Current Income Taxes Payable	9.76	7.66	11.31	14.74	9.47
Current Unearned Revenue	112.89	96.44	48.79	24.04	15.2
Other Current Liabilities	113.03	156.03	103.45	178.75	42.63
Total Current Liabilities	1,537	1,726	2,046	2,501	3,455
Long-Term Debt	67.33	94.61	105.08	96.33	124.83
Long-Term Leases	-	106.14	2.49	52.55	179.2
Long-Term Unearned Revenue	2.71	8.83	10.3	11.68	13.12
Long-Term Deferred Tax Liabilities	0.07	0.03	0.01	0.09	-
Other Long-Term Liabilities	24.62	-	2.42	20	-
Total Liabilities	1,632	1,936	2,167	2,681	3,772
Common Stock	765.73	765.73	765.73	765.73	776.48
Additional Paid-In Capital	1,264	1,264	1,264	1,264	1,301
Retained Earnings	-1,854	-1,895	-1,936	-1,986	-1,970
Treasury Stock	-	-	-	-	-44.18
Comprehensive Income & Other	0.2	0.08	-	-	-
Total Common Equity	175.93	134.52	93.88	44.2	63.16
Minority Interest	-18.59	-19.29	-19.07	-17.4	-12.32
Shareholders' Equity	157.34	115.23	74.81	26.8	50.84
Total Liabilities & Equity	1,790	2,051	2,241	2,708	3,823
Total Debt	855.74	1,002	1,219	1,465	2,179
Net Cash (Debt)	-449.94	-480.69	-511.82	-481.21	-1,144
Net Cash Per Share	-0.54	-0.59	-0.62	-0.63	-1.48
Filing Date Shares Outstanding	1,007	765.73	765.73	765.73	765.73
Total Common Shares Outstanding	1,007	765.73	765.73	765.73	765.73
Working Capital	-602.36	-597.98	-726.2	-691.89	-676.26
Book Value Per Share	0.17	0.18	0.12	0.06	0.08
Tangible Book Value	106.6	60.74	17.28	-36.29	-14.06
Tangible Book Value Per Share	0.11	0.08	0.02	-0.05	-0.02
Buildings	-	-	834.84	801.5	817
Machinery	-	-	269.88	158.75	163.22
Construction In Progress	-	-	95.1	8.97	2.06

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