SHE:002227 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	40.98	132.33	147.33	257.34	158.59
Trading Asset Securities	-	-	-	-	200.03
Cash & Short-Term Investments	40.98	132.33	147.33	257.34	358.61
Cash Growth	-69.03%	-10.18%	-42.75%	-28.24%	399.92%
Accounts Receivable	148.03	188.18	167.55	144.9	188.79
Other Receivables	10.29	48.04	46.1	32.81	12.97
Receivables	158.32	236.21	213.64	177.71	201.75
Inventory	177.83	185.65	190.23	187.42	186.11
Other Current Assets	43.83	10.11	13.2	7.42	40.36
Total Current Assets	420.96	564.31	564.4	629.89	786.85
Property, Plant & Equipment	884.95	822.66	720.77	684.28	662.15
Long-Term Investments	7	7	37	37	37
Other Intangible Assets	40.31	46.31	44.29	31.59	29.87
Long-Term Deferred Tax Assets	89.56	84.71	78.77	75.71	66.98
Long-Term Deferred Charges	16.03	16.97	21.18	26.16	27.78
Other Long-Term Assets	-	72.94	74.99	77.05	82.69
Total Assets	1,459	1,615	1,541	1,562	1,693
Accounts Payable	88.1	104.39	76.17	60.33	71.79
Accrued Expenses	12.02	31.33	30.63	25.03	19.44
Short-Term Debt	59.2	92.68	57.24	47.82	90.29
Current Portion of Long-Term Debt	52.31	36.2	36.27	36.44	36.31
Current Portion of Leases	-	9.28	6.65	5.04	5.83
Current Income Taxes Payable	3.91	0.31	0.24	0.42	0.99
Current Unearned Revenue	64.13	56.41	51.68	35.84	32.97
Other Current Liabilities	33.43	95.03	22.86	17.21	38.68
Total Current Liabilities	313.11	425.63	281.73	228.13	296.31
Long-Term Debt	122.6	93.4	129.4	165.4	201.4
Long-Term Leases	52.95	51.01	32.5	22.81	24.01
Long-Term Unearned Revenue	19.87	24.39	26.93	34.02	25.81
Long-Term Deferred Tax Liabilities	16.97	16.83	12.26	10.58	4.68
Total Liabilities	525.5	611.26	482.82	460.94	552.21
Common Stock	247.81	247.81	247.81	247.81	247.81
Additional Paid-In Capital	641.83	641.83	641.83	641.83	641.83
Retained Earnings	47.4	114.71	167.57	210.66	250.63
Comprehensive Income & Other	-0.13	-0.16	-0.15	-0.13	-0.05
Total Common Equity	936.9	1,004	1,057	1,100	1,140
Minority Interest	-3.59	-0.54	1.53	0.58	0.88
Shareholders' Equity	933.31	1,004	1,059	1,101	1,141
Total Liabilities & Equity	1,459	1,615	1,541	1,562	1,693
Total Debt	287.06	282.56	262.06	277.5	357.84
Net Cash (Debt)	-246.08	-150.23	-114.73	-20.16	0.77
Net Cash Per Share	-0.99	-0.61	-0.46	-0.08	0.00
Filing Date Shares Outstanding	247.92	247.81	247.81	247.81	247.81
Total Common Shares Outstanding	247.92	247.81	247.81	247.81	247.81
Working Capital	107.86	138.68	282.67	401.76	490.54
Book Value Per Share	3.78	4.05	4.27	4.44	4.60
Tangible Book Value	896.59	957.87	1,013	1,069	1,110
Tangible Book Value Per Share	3.62	3.87	4.09	4.31	4.48
Buildings	-	177.95	170.29	170.29	166.66
Machinery	-	348.17	278.14	286.89	257.48
Construction In Progress	-	380.43	348.5	313.01	294.32

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