SHE:002254 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	1,947	1,965	2,605	1,569	2,452
Short-Term Investments	-	174.46	70.05	463.03	-
Trading Asset Securities	90.06	15	145.51	40.17	512.93
Cash & Short-Term Investments	2,037	2,154	2,821	2,073	2,965
Cash Growth	-5.42%	-23.63%	36.10%	-30.10%	20.73%
Accounts Receivable	1,265	1,334	1,179	1,082	659.57
Other Receivables	1,073	231.4	245.87	44.92	0.29
Receivables	2,339	1,565	1,425	1,127	659.86
Inventory	1,315	1,446	1,213	718.96	739.73
Prepaid Expenses	-	0.02	-	2.96	0.1
Other Current Assets	585.49	354.65	127.07	135.19	117.9
Total Current Assets	6,277	5,520	5,585	4,056	4,483
Property, Plant & Equipment	7,942	7,507	6,244	4,484	3,247
Long-Term Investments	391.05	579.9	771.41	399.42	64.58
Other Intangible Assets	571.9	558.2	449.2	370.32	187.02
Long-Term Deferred Tax Assets	124.51	119.33	28.12	15.36	16.26
Long-Term Deferred Charges	12.56	17.33	16.66	15.94	7.75
Other Long-Term Assets	222.23	606.21	517.81	686.88	126.4
Total Assets	15,541	14,920	13,621	10,033	8,132
Accounts Payable	1,964	2,216	2,141	2,118	979.53
Accrued Expenses	67.06	64.84	93.8	86.08	84.46
Short-Term Debt	1,957	1,711	659.3	913.61	541.45
Current Portion of Long-Term Debt	730.22	300.01	279.12	316.8	213.21
Current Portion of Leases	-	9.96	2.54	0.84	0.8
Current Income Taxes Payable	33.82	68.48	24.34	9.69	51.71
Current Unearned Revenue	40.89	66.96	46.15	52.94	38.88
Other Current Liabilities	368.11	539.13	563.61	504.68	32.82
Total Current Liabilities	5,161	4,976	3,810	4,003	1,943
Long-Term Debt	1,525	1,549	1,252	1,223	1,466
Long-Term Leases	12.48	26.93	16.4	15.25	16.09
Long-Term Unearned Revenue	908.29	356.61	338.99	102.12	89.45
Long-Term Deferred Tax Liabilities	103.96	102.11	132.96	86.3	40.58
Other Long-Term Liabilities	0.83	0.83	0.83	0.83	19.97
Total Liabilities	7,712	7,011	5,551	5,430	3,575
Common Stock	857.06	862.95	864.04	703.2	684.39
Additional Paid-In Capital	3,941	4,026	4,010	1,036	879.92
Retained Earnings	2,390	2,393	2,561	2,486	2,393
Treasury Stock	-147.45	-201.66	-189.82	-173.99	-
Comprehensive Income & Other	19.13	9.55	6.74	6.92	4.73
Total Common Equity	7,059	7,089	7,252	4,058	3,962
Minority Interest	769.68	819.34	817.52	544.87	595.54
Shareholders' Equity	7,829	7,909	8,069	4,603	4,557
Total Liabilities & Equity	15,541	14,920	13,621	10,033	8,132
Total Debt	4,225	3,596	2,209	2,470	2,237
Net Cash (Debt)	-2,187	-1,442	611.23	-397.08	727.88
Net Cash Growth	-	-	-	-	-28.25%
Net Cash Per Share	-2.64	-1.61	0.72	-0.58	1.06
Filing Date Shares Outstanding	537.77	854.12	856.97	862.93	684.39
Total Common Shares Outstanding	537.77	854.47	864.04	703.2	684.39
Working Capital	1,115	544.42	1,775	53.94	2,540
Book Value Per Share	13.13	8.30	8.39	5.77	5.79
Tangible Book Value	6,487	6,531	6,802	3,688	3,775
Tangible Book Value Per Share	12.06	7.64	7.87	5.24	5.52
Buildings	-	2,201	1,933	1,257	1,055
Machinery	-	5,270	4,657	3,115	3,369
Construction In Progress	-	1,747	881.57	1,700	1,058

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