SHE:002201 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	203.09	145.34	171.04	105.44	274.53
Trading Asset Securities	-	-	-	-	20.14
Cash & Short-Term Investments	203.09	145.34	171.04	105.44	294.67
Cash Growth	39.73%	-15.03%	62.22%	-64.22%	29.83%
Accounts Receivable	1,324	886.98	885.99	511.24	476.86
Other Receivables	5.9	3.66	5.55	4.73	5.24
Receivables	1,330	890.64	891.55	515.97	482.1
Inventory	615.3	458.35	536.81	356.52	314.68
Other Current Assets	16.88	15.04	39.91	30.35	33.17
Total Current Assets	2,165	1,509	1,639	1,008	1,125
Property, Plant & Equipment	935.33	931.89	1,042	1,107	1,105
Long-Term Investments	111.08	70.64	78.61	99.78	142.09
Other Intangible Assets	62.44	65.52	68.69	70.86	73.76
Long-Term Deferred Tax Assets	61.37	52.56	37.9	17.81	12.91
Long-Term Deferred Charges	2.28	1.29	1.47	5.59	3.29
Other Long-Term Assets	24.06	61.89	58.26	76.25	28.95
Total Assets	3,362	2,693	2,926	2,386	2,491
Accounts Payable	1,246	774.14	916.05	463.29	511.11
Accrued Expenses	73.46	103.65	61.56	67.11	52.43
Short-Term Debt	454.12	425.75	578.94	395.04	446.15
Current Portion of Long-Term Debt	58.44	10.04	10.06	185.26	10.02
Current Portion of Leases	-	51.93	20.77	51.87	117.78
Current Income Taxes Payable	72.62	24.48	44.45	6.71	4.69
Current Unearned Revenue	18.67	16.58	19.71	19.86	16.45
Other Current Liabilities	57.96	4.75	5.32	3.93	8.37
Total Current Liabilities	1,981	1,411	1,657	1,193	1,167
Long-Term Debt	58.72	25	35	-	185.26
Long-Term Leases	16.87	68.74	112.59	112.59	80.33
Long-Term Unearned Revenue	7.71	19.62	11.25	16.75	28.63
Long-Term Deferred Tax Liabilities	8.18	6.86	6.47	4.45	3.71
Other Long-Term Liabilities	119.71	64.03	25.05	14.45	10.62
Total Liabilities	2,192	1,596	1,847	1,341	1,476
Common Stock	651.64	651.64	651.64	651.64	465.45
Additional Paid-In Capital	49.75	49.75	49.75	49.75	235.93
Retained Earnings	475.63	400.7	374.42	338.88	310.26
Comprehensive Income & Other	-7.71	-4.51	3.04	4.3	3.77
Total Common Equity	1,169	1,098	1,079	1,045	1,015
Shareholders' Equity	1,169	1,098	1,079	1,045	1,015
Total Liabilities & Equity	3,362	2,693	2,926	2,386	2,491
Total Debt	588.15	581.47	757.37	744.75	839.53
Net Cash (Debt)	-385.07	-436.13	-586.32	-639.31	-544.87
Net Cash Per Share	-0.60	-0.74	-0.91	-1.05	-0.84
Filing Date Shares Outstanding	632.44	651.64	651.64	651.64	651.64
Total Common Shares Outstanding	632.44	651.64	651.64	651.64	651.64
Working Capital	183.95	98.05	-17.54	-184.77	-42.39
Book Value Per Share	1.85	1.68	1.66	1.60	1.56
Tangible Book Value	1,107	1,032	1,010	973.7	941.65
Tangible Book Value Per Share	1.75	1.58	1.55	1.49	1.45
Buildings	-	741.34	720.87	679.77	570.1
Machinery	-	916.34	824.78	884.21	808.39
Construction In Progress	-	12.88	70.7	5.05	54.21

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