SHE:002178 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	208.64	202.51	357.72	373.47	392.85
Trading Asset Securities	11.01	-	-	-	13.94
Cash & Short-Term Investments	219.65	202.51	357.72	373.47	406.8
Cash Growth	8.46%	-43.39%	-4.22%	-8.19%	-1.16%
Accounts Receivable	473.06	518.56	555.05	656.57	714.47
Other Receivables	55.01	58.37	65.32	75.4	78.05
Receivables	528.07	576.93	620.37	731.97	792.51
Inventory	43.65	42.22	59.91	73.99	68.15
Other Current Assets	81.95	82.83	65	24.74	31.11
Total Current Assets	873.33	904.5	1,103	1,204	1,299
Property, Plant & Equipment	91.14	111.76	124.09	114.02	99.13
Long-Term Investments	73.93	35.98	40	62.94	148.31
Other Intangible Assets	82.13	72.3	76.64	56.7	45.77
Long-Term Accounts Receivable	-	14.95	14	13.86	-
Long-Term Deferred Tax Assets	72.56	79.56	75.37	72.53	63.41
Long-Term Deferred Charges	1.76	22.89	8.94	45.74	44.73
Other Long-Term Assets	175.82	170.11	164.2	61.13	70.39
Total Assets	1,371	1,412	1,606	1,631	1,770
Accounts Payable	490.55	498.9	537.44	630.55	605.16
Accrued Expenses	21.64	62.76	62.2	67.88	38.49
Short-Term Debt	110.09	95.1	128.92	136.18	130.45
Current Portion of Long-Term Debt	5.3	2.76	23.11	16.01	40.26
Current Portion of Leases	-	4.02	4.45	1.87	4.38
Current Income Taxes Payable	4.69	0.32	1.5	0.56	0.26
Current Unearned Revenue	43.87	53.13	69.27	101.36	79.45
Other Current Liabilities	70.38	41.15	78.06	77.03	123.46
Total Current Liabilities	746.52	758.15	904.97	1,031	1,022
Long-Term Debt	6.6	4.38	0.12	19.2	9.73
Long-Term Leases	2.01	12.33	16.11	-	1.96
Long-Term Unearned Revenue	0.35	0.35	-	0.13	0.61
Long-Term Deferred Tax Liabilities	3.87	3.75	4.48	0.28	-
Other Long-Term Liabilities	62.82	62.82	46.78	-	-
Total Liabilities	822.17	841.77	972.45	1,051	1,034
Common Stock	712.15	712.15	712.15	712.15	712.15
Additional Paid-In Capital	232.67	232.67	232.67	226.85	230.08
Retained Earnings	-507	-515.95	-494.65	-517.16	-370.84
Total Common Equity	437.83	428.88	450.17	421.84	571.38
Minority Interest	110.67	141.4	183.8	158.21	164.73
Shareholders' Equity	548.5	570.28	633.97	580.05	736.11
Total Liabilities & Equity	1,371	1,412	1,606	1,631	1,770
Total Debt	124.01	118.59	172.72	173.26	186.77
Net Cash (Debt)	95.65	83.92	185	200.22	220.03
Net Cash Growth	13.97%	-54.64%	-7.60%	-9.01%	-15.51%
Net Cash Per Share	0.11	0.12	0.25	0.29	0.24
Filing Date Shares Outstanding	1,443	712.15	712.15	712.15	712.15
Total Common Shares Outstanding	1,443	712.15	712.15	712.15	712.15
Working Capital	126.81	146.35	198.03	172.75	276.66
Book Value Per Share	0.30	0.60	0.63	0.59	0.80
Tangible Book Value	355.7	356.58	373.54	365.15	525.61
Tangible Book Value Per Share	0.25	0.50	0.52	0.51	0.74
Buildings	-	52.59	40.21	54.19	34.15
Machinery	-	158.53	209.32	182.37	169.32
Construction In Progress	-	5.35	11.32	14.36	6.83

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