SHE:002176 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	647.27	1,006	518.5	1,002	746.41
Short-Term Investments	-	-	-	306.5	-
Trading Asset Securities	23.43	23.8	1.76	2.44	1.79
Cash & Short-Term Investments	670.7	1,030	520.26	1,311	748.2
Cash Growth	-34.89%	98.01%	-60.32%	75.25%	71.19%
Accounts Receivable	842.02	1,070	1,142	1,743	1,273
Other Receivables	35.37	330.55	257.39	249.23	332.07
Receivables	877.39	1,401	1,399	1,992	1,605
Inventory	503.93	452.14	433.43	1,178	655.66
Other Current Assets	1,032	30.54	17.72	59.53	63.08
Total Current Assets	3,084	2,914	2,370	4,541	3,072
Property, Plant & Equipment	1,914	2,034	2,093	1,947	1,650
Long-Term Investments	63.69	879.68	1,030	3.66	0.16
Goodwill	48.34	48.34	50.08	50.08	50.08
Other Intangible Assets	277.06	278.88	329.08	335.63	342.18
Long-Term Accounts Receivable	-	4.02	4.1	8.6	14.32
Long-Term Deferred Tax Assets	335.19	261.25	219.18	136.68	127.36
Long-Term Deferred Charges	202.75	171.98	177.23	124.55	87.97
Other Long-Term Assets	34.3	49.51	67.38	84.62	86.24
Total Assets	5,959	6,641	6,340	7,232	5,430
Accounts Payable	806.94	1,128	1,246	1,505	1,329
Accrued Expenses	52.31	101.12	102.88	249.76	93.01
Short-Term Debt	855.31	786.5	148.96	546.3	1,570
Current Portion of Long-Term Debt	535.61	9.6	8.5	144.06	6
Current Portion of Leases	-	-	0.42	0.89	0.49
Current Income Taxes Payable	18.67	2.27	10.5	257.46	19.8
Current Unearned Revenue	25.37	87.4	34.74	60.79	154.4
Other Current Liabilities	320.18	136.76	152.41	86.44	48.32
Total Current Liabilities	2,614	2,252	1,704	2,850	3,221
Long-Term Debt	228	756.54	713.05	-	144.07
Long-Term Leases	9.7	-	0	0.8	0.67
Long-Term Unearned Revenue	45.04	47.22	49.39	53.2	59.1
Long-Term Deferred Tax Liabilities	-	13.68	15.67	16.52	8.11
Other Long-Term Liabilities	100.22	58.34	14.15	9.78	9.78
Total Liabilities	2,997	3,128	2,496	2,931	3,443
Common Stock	1,706	1,706	1,706	1,706	1,706
Additional Paid-In Capital	3,784	3,785	3,785	3,779	3,795
Retained Earnings	-2,307	-1,937	-1,618	-1,221	-3,548
Treasury Stock	-51.46	-51.46	-62.72	-	-
Comprehensive Income & Other	-174.1	2.79	4.37	1.46	0.08
Total Common Equity	2,958	3,505	3,815	4,265	1,953
Minority Interest	4.18	8.28	29.3	36.04	33.67
Shareholders' Equity	2,962	3,513	3,844	4,301	1,987
Total Liabilities & Equity	5,959	6,641	6,340	7,232	5,430
Total Debt	1,629	1,553	870.94	692.05	1,721
Net Cash (Debt)	-957.91	-522.49	-350.68	619.2	-972.89
Net Cash Per Share	-0.57	-0.31	-0.20	0.36	-0.58
Filing Date Shares Outstanding	1,599	1,702	1,702	1,706	1,706
Total Common Shares Outstanding	1,599	1,702	1,702	1,706	1,706
Working Capital	469.25	661.7	666.35	1,690	-149.17
Book Value Per Share	1.85	2.06	2.24	2.50	1.14
Tangible Book Value	2,632	3,178	3,436	3,879	1,561
Tangible Book Value Per Share	1.65	1.87	2.02	2.27	0.91
Buildings	-	1,468	1,346	1,266	1,183
Machinery	-	1,868	1,680	1,544	1,174
Construction In Progress	-	15.52	187.75	82.26	101.43

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