SHE:002255 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	Dec '21 Dec 31, 2021
Cash & Equivalents	1,998	1,746	1,145	943.24	583.3
Short-Term Investments	14.35	71.37	22.99	22.77	-
Trading Asset Securities	31.66	31.03	65	21	16
Cash & Short-Term Investments	2,044	1,849	1,233	987.01	599.3
Cash Growth	10.57%	49.89%	24.95%	64.69%	24.43%
Accounts Receivable	1,058	1,347	1,550	1,443	1,493
Other Receivables	4.55	17.56	16.55	21.57	68.42
Receivables	1,062	1,365	1,566	1,465	1,562
Inventory	1,425	1,733	1,545	1,366	1,118
Other Current Assets	132.51	164.81	191.06	219.3	125.28
Total Current Assets	4,664	5,111	4,536	4,037	3,404
Property, Plant & Equipment	1,101	1,192	1,185	1,254	1,350
Long-Term Investments	190.38	144.64	255.76	267.9	170.3
Goodwill	62.48	62.5	62.5	62.5	62.5
Other Intangible Assets	138.49	142.8	144.47	147.64	151.78
Long-Term Accounts Receivable	77.19	97.8	116.27	76.05	90.26
Long-Term Deferred Tax Assets	88.36	81.12	113.83	151.2	145.49
Long-Term Deferred Charges	9.82	10.57	7.35	5.64	4.74
Other Long-Term Assets	82.44	82.26	13.21	8.68	35.45
Total Assets	6,414	6,924	6,435	6,010	5,414
Accounts Payable	395.69	639.36	860.43	829.6	887.75
Accrued Expenses	68.11	73.93	67.43	77.76	75.88
Short-Term Debt	-	15.76	8.71	6.25	8.58
Current Portion of Leases	1.46	2.69	2.77	1.88	2.83
Current Income Taxes Payable	16.67	12.25	7.98	8.71	9.46
Current Unearned Revenue	1,249	1,743	1,381	1,352	1,063
Other Current Liabilities	115.05	204.43	181.4	155.31	126.95
Total Current Liabilities	1,846	2,691	2,510	2,431	2,174
Long-Term Leases	32.91	33.67	37.82	38.85	40.56
Long-Term Unearned Revenue	83.03	85.61	88.01	92.09	102.68
Long-Term Deferred Tax Liabilities	41.24	41.42	41.19	44.48	40.71
Other Long-Term Liabilities	-	-	5.05	-	2.2
Total Liabilities	2,004	2,852	2,682	2,607	2,360
Common Stock	830.88	830.88	842.27	842.27	842.27
Additional Paid-In Capital	2,302	2,303	2,341	2,341	2,341
Retained Earnings	1,368	991.47	614.22	273.93	-62.74
Comprehensive Income & Other	-124.28	-120.05	-112.3	-106.23	-105.88
Total Common Equity	4,376	4,005	3,686	3,351	3,015
Minority Interest	34.1	67.24	66.95	52.07	39.11
Shareholders' Equity	4,410	4,072	3,753	3,403	3,054
Total Liabilities & Equity	6,414	6,924	6,435	6,010	5,414
Total Debt	34.38	52.13	49.29	46.98	51.97
Net Cash (Debt)	2,010	1,796	1,184	940.03	547.34
Net Cash Growth	11.86%	51.73%	25.96%	71.75%	26.01%
Net Cash Per Share	2.42	2.14	1.41	1.12	0.65
Filing Date Shares Outstanding	830.88	830.88	842.27	842.27	842.27
Total Common Shares Outstanding	830.88	830.88	842.27	842.27	842.27
Working Capital	2,818	2,419	2,026	1,606	1,230
Book Value Per Share	5.27	4.82	4.38	3.98	3.58
Tangible Book Value	4,175	3,800	3,479	3,141	2,801
Tangible Book Value Per Share	5.03	4.57	4.13	3.73	3.33
Buildings	1,214	1,214	1,194	1,192	1,192
Machinery	998.74	975.18	894.27	884.17	887.27
Construction In Progress	3.1	19.62	16.78	3.16	8.87

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