SHE:002181 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	189.4	210.46	688.55	807.06	631.59
Short-Term Investments	598.23	610.92	162.92	561.86	702.01
Trading Asset Securities	-	-	-	-	546.37
Cash & Short-Term Investments	787.63	821.38	851.48	1,369	1,880
Cash Growth	-4.11%	-3.54%	-37.80%	-27.18%	41.14%
Accounts Receivable	135.08	134.81	111.51	97	107.07
Other Receivables	18.58	20.09	22.43	13.78	27.16
Receivables	153.66	154.89	133.93	110.78	134.22
Inventory	54.6	57.84	54.62	58.6	51.4
Prepaid Expenses	0.01	0.02	0.01	0.08	1.18
Other Current Assets	29.76	44.52	37.15	41.44	38.03
Total Current Assets	1,026	1,079	1,077	1,580	2,105
Property, Plant & Equipment	571.37	609.25	628.63	779.14	748.86
Long-Term Investments	2,361	2,227	2,329	2,000	1,459
Other Intangible Assets	436.69	452.43	465.51	644.77	665.4
Long-Term Deferred Tax Assets	6.4	8.06	14.55	0.31	1.23
Long-Term Deferred Charges	61.97	68.5	60.62	52.73	57.01
Other Long-Term Assets	693.99	705.72	717.09	280.81	272.47
Total Assets	5,157	5,150	5,292	5,337	5,309
Accounts Payable	113.28	100.77	88.22	75.56	54.51
Accrued Expenses	118.88	104.29	109.58	123.92	162.08
Current Portion of Long-Term Debt	319.44	0.46	-	-	-
Current Portion of Leases	11.06	10.92	9.65	8.51	9.24
Current Income Taxes Payable	0.23	0.12	0.03	0.49	1.13
Current Unearned Revenue	76.12	85.46	82	77.43	96.24
Other Current Liabilities	114.56	177.52	181.36	135.08	108.76
Total Current Liabilities	753.56	479.55	470.84	421	431.96
Long-Term Debt	17.1	320.7	444.44	528.79	462.42
Long-Term Leases	82.29	95.28	96.33	100.57	108.88
Long-Term Unearned Revenue	3.08	0.51	0.85	5.05	5.65
Long-Term Deferred Tax Liabilities	12.31	0.45	1.11	-	0.35
Other Long-Term Liabilities	-	3.17	21	8.98	5.56
Total Liabilities	868.34	899.66	1,035	1,064	1,015
Common Stock	1,161	1,161	1,161	1,161	1,161
Additional Paid-In Capital	1,347	1,347	1,347	1,339	1,340
Retained Earnings	1,725	1,712	1,745	1,768	1,786
Comprehensive Income & Other	1.42	1.42	1.71	1.26	3.8
Total Common Equity	4,235	4,222	4,255	4,270	4,291
Minority Interest	53.8	28.2	3.24	3.3	3.23
Shareholders' Equity	4,289	4,250	4,258	4,273	4,294
Total Liabilities & Equity	5,157	5,150	5,292	5,337	5,309
Total Debt	429.89	427.36	550.42	637.87	580.54
Net Cash (Debt)	357.74	394.02	301.05	731.05	1,299
Net Cash Growth	-9.21%	30.88%	-58.82%	-43.74%	19.19%
Net Cash Per Share	0.31	0.34	0.26	0.63	1.12
Filing Date Shares Outstanding	1,161	1,161	1,161	1,161	1,161
Total Common Shares Outstanding	1,161	1,161	1,161	1,161	1,161
Working Capital	272.1	599.11	606.35	1,159	1,673
Book Value Per Share	3.65	3.64	3.66	3.68	3.70
Tangible Book Value	3,798	3,769	3,789	3,625	3,626
Tangible Book Value Per Share	3.27	3.25	3.26	3.12	3.12
Buildings	683.53	683.52	682.03	154.74	159.51
Machinery	515.22	696	704.2	805.94	1,283
Construction In Progress	1.74	-	0.24	607.08	539.47

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