SHE:002234 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	527.31	622.12	587.85	777.75	656.03
Short-Term Investments	0.37	0.78	9.67	3.76	14.52
Trading Asset Securities	-	-	40.07	221.32	294.97
Cash & Short-Term Investments	527.69	622.91	637.59	1,003	965.52
Cash Growth	-15.29%	-2.30%	-36.42%	3.86%	29.51%
Accounts Receivable	72.1	78.32	74.26	68.56	57.34
Other Receivables	14.58	5.43	6.6	5.23	4.67
Receivables	86.69	83.75	80.86	73.79	62.01
Inventory	578.51	598.26	574.27	550.39	493.74
Prepaid Expenses	-	-	-	0.03	0.01
Other Current Assets	17.1	25.21	25.47	30.37	49.55
Total Current Assets	1,210	1,330	1,318	1,657	1,571
Property, Plant & Equipment	2,150	2,157	2,047	1,868	1,813
Long-Term Investments	164.79	189.57	220.14	263.21	294.85
Other Intangible Assets	104.8	107.91	105.21	88.75	89.64
Long-Term Deferred Tax Assets	0.35	0.39	0.1	0.03	0.02
Long-Term Deferred Charges	1.59	2.96	4.72	6.72	2.98
Other Long-Term Assets	22.02	50.95	60.46	70.68	69.9
Total Assets	3,653	3,839	3,756	3,955	3,841
Accounts Payable	200.1	182.26	197.11	114.1	116.85
Accrued Expenses	36.84	37.22	36.62	34.02	40.04
Short-Term Debt	1,254	1,410	1,099	996.23	422.35
Current Portion of Long-Term Debt	2.68	1.6	-	-	-
Current Portion of Leases	56.22	6.96	4.09	2.17	1.79
Current Income Taxes Payable	0.03	0.03	0.01	-	-
Current Unearned Revenue	12.45	9.91	11.16	8.46	7.52
Other Current Liabilities	10.41	11.42	17.17	18	15.65
Total Current Liabilities	1,572	1,659	1,365	1,173	604.2
Long-Term Debt	103.66	28.39	-	-	-
Long-Term Leases	114.08	33.15	21.9	20.86	17.19
Long-Term Unearned Revenue	101.09	95.8	92.91	91.64	92.05
Long-Term Deferred Tax Liabilities	0.32	0.39	0.1	-	-
Total Liabilities	1,892	1,817	1,480	1,285	713.45
Common Stock	348.96	348.96	348.96	348.96	348.96
Additional Paid-In Capital	1,382	1,382	1,382	1,382	1,382
Retained Earnings	38.96	307.47	556.6	942.91	1,395
Comprehensive Income & Other	0.06	0.07	-	-	-
Total Common Equity	1,770	2,038	2,287	2,674	3,126
Minority Interest	-8.36	-16.52	-11.84	-4.33	2.02
Shareholders' Equity	1,761	2,022	2,276	2,669	3,128
Total Liabilities & Equity	3,653	3,839	3,756	3,955	3,841
Total Debt	1,530	1,480	1,125	1,019	441.33
Net Cash (Debt)	-1,003	-856.93	-487.54	-16.43	524.19
Net Cash Growth	-	-	-	-	60.62%
Net Cash Per Share	-2.88	-2.44	-1.40	-0.05	1.54
Filing Date Shares Outstanding	348.96	348.96	348.96	348.96	348.96
Total Common Shares Outstanding	348.96	348.96	348.96	348.96	348.96
Working Capital	-362.49	-329.01	-47.11	484.42	966.62
Book Value Per Share	5.07	5.84	6.55	7.66	8.96
Tangible Book Value	1,665	1,930	2,182	2,585	3,036
Tangible Book Value Per Share	4.77	5.53	6.25	7.41	8.70
Buildings	1,790	1,657	1,506	1,424	1,339
Machinery	1,648	1,544	1,436	1,373	1,221
Construction In Progress	218.36	294.85	320.78	182.31	229.7

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