SHE:002193 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	9.53	9.06	18.25	45.24	30.44
Cash & Short-Term Investments	9.53	9.06	18.25	45.24	30.44
Cash Growth	5.25%	-50.37%	-59.66%	48.61%	-93.42%
Accounts Receivable	182.59	265.64	257.34	400.51	406.32
Other Receivables	7.52	8.25	15.97	24.64	14.49
Receivables	190.11	273.89	273.32	425.15	420.81
Inventory	410.72	499.12	501.73	477.3	558.2
Prepaid Expenses	-	-	-	0.05	-
Other Current Assets	58.1	55.71	57	129.14	258.82
Total Current Assets	668.47	837.78	850.3	1,077	1,268
Property, Plant & Equipment	892.15	945.92	1,014	1,036	1,139
Long-Term Investments	664.06	731.84	1,097	1,407	2,084
Other Intangible Assets	130.03	135	140.08	145.76	157.12
Long-Term Deferred Tax Assets	44.52	32.04	42.87	37.32	25.26
Other Long-Term Assets	62.17	63.79	65.44	126.31	133.6
Total Assets	2,461	2,746	3,209	3,830	4,807
Accounts Payable	347.71	383.83	273.64	269.14	318.66
Accrued Expenses	116.38	346.82	243.64	231.31	131.98
Short-Term Debt	661	661.01	662.29	705.77	1,031
Current Portion of Long-Term Debt	494.64	216.83	495.6	188.89	-
Current Portion of Leases	-	0.19	0.32	-	2.21
Current Income Taxes Payable	112.29	19.96	20	20.17	20.88
Current Unearned Revenue	43.67	40.41	53.69	105.84	123.26
Other Current Liabilities	360.61	107.41	192.37	66.29	41.86
Total Current Liabilities	2,136	1,776	1,942	1,587	1,670
Long-Term Debt	-	278.78	-	278.78	269.75
Long-Term Leases	0.06	0.15	0.34	-	24.02
Long-Term Unearned Revenue	13.04	13.65	14.45	16.5	18.84
Long-Term Deferred Tax Liabilities	0.05	0.04	0.28	-	-
Other Long-Term Liabilities	12.28	9.62	8.19	7.36	5.07
Total Liabilities	2,162	2,079	1,965	1,890	1,988
Common Stock	261.72	261.72	261.72	261.72	261.72
Additional Paid-In Capital	1,668	1,668	1,628	1,628	1,628
Retained Earnings	-1,630	-1,262	-645.71	-20.9	813.23
Comprehensive Income & Other	-	-	1.06	0.75	0.71
Total Common Equity	299.67	667.67	1,245	1,869	2,703
Minority Interest	-	-	-	70.69	116.45
Shareholders' Equity	299.67	667.67	1,245	1,940	2,820
Total Liabilities & Equity	2,461	2,746	3,209	3,830	4,807
Total Debt	1,156	1,157	1,159	1,173	1,327
Net Cash (Debt)	-1,146	-1,148	-1,140	-1,128	-1,297
Net Cash Per Share	-4.38	-4.39	-4.36	-4.31	-4.96
Filing Date Shares Outstanding	264.38	261.72	261.72	261.72	261.72
Total Common Shares Outstanding	264.38	261.72	261.72	261.72	261.72
Working Capital	-1,468	-938.69	-1,091	-510.52	-401.72
Book Value Per Share	1.13	2.55	4.76	7.14	10.33
Tangible Book Value	169.64	532.67	1,105	1,723	2,546
Tangible Book Value Per Share	0.64	2.04	4.22	6.58	9.73
Buildings	-	1,040	1,041	973.46	964.85
Machinery	-	1,010	1,011	1,063	1,065
Construction In Progress	-	21.17	23.55	23.55	23.55

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