SHE:002270 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	1,292	1,161	1,055	1,012	761.77
Trading Asset Securities	2.48	-	56.25	169.7	-
Cash & Short-Term Investments	1,295	1,161	1,111	1,182	761.77
Cash Growth	11.50%	4.54%	-6.00%	55.14%	13.92%
Accounts Receivable	1,298	1,183	1,276	1,277	1,156
Other Receivables	205.35	81.23	80.15	45.67	157.59
Receivables	1,505	1,264	1,357	1,323	1,313
Inventory	387.09	383.57	365.47	306.05	386.63
Other Current Assets	87.07	205.83	150.59	76.64	120.93
Total Current Assets	3,274	3,015	2,984	2,888	2,583
Property, Plant & Equipment	1,503	955.23	940.1	985.66	933.07
Long-Term Investments	79.94	85.46	130.6	166.16	159.08
Goodwill	99.42	99.42	99.42	99.42	103.67
Other Intangible Assets	154.02	153.91	161.33	213.49	227.3
Long-Term Deferred Tax Assets	68.2	94.56	87.47	97.02	84.95
Long-Term Deferred Charges	21.88	29.57	31.7	13.64	6.44
Other Long-Term Assets	7.76	24.63	84	-	-
Total Assets	5,208	4,458	4,518	4,463	4,097
Accounts Payable	401.33	422.39	385.53	305.23	277.25
Accrued Expenses	222.14	113.72	103.16	132.46	86.6
Short-Term Debt	220.03	120.01	60.05	100.24	323.18
Current Portion of Long-Term Debt	51.1	130	40	142.5	44.2
Current Portion of Leases	54.87	30.98	25.83	22.79	20.7
Current Income Taxes Payable	43.31	53.55	27.19	19.06	5.14
Current Unearned Revenue	67.68	54.41	83.27	31.69	74.51
Other Current Liabilities	20.55	67.19	15.53	7.87	11.3
Total Current Liabilities	1,081	992.26	740.56	761.84	842.88
Long-Term Debt	392.72	220.27	220.4	260.48	270.2
Long-Term Leases	497.44	11.21	134.75	58.9	76.6
Long-Term Unearned Revenue	20.12	25.54	29.7	8.78	9.15
Long-Term Deferred Tax Liabilities	41.73	25.98	30.03	34.26	48.43
Other Long-Term Liabilities	3.04	1.09	-	-	-
Total Liabilities	2,036	1,276	1,155	1,124	1,247
Common Stock	227.25	227.25	227.25	227.25	90.26
Additional Paid-In Capital	1,181	1,265	1,265	1,265	919.13
Retained Earnings	1,858	1,701	1,872	1,841	1,840
Treasury Stock	-99.64	-	-	-	-
Comprehensive Income & Other	-24.99	-27.53	-14.03	1.46	-1.1
Total Common Equity	3,142	3,166	3,350	3,334	2,848
Minority Interest	30.18	15.63	12.71	4.72	1.89
Shareholders' Equity	3,172	3,181	3,363	3,339	2,850
Total Liabilities & Equity	5,208	4,458	4,518	4,463	4,097
Total Debt	1,216	512.47	481.02	584.93	734.89
Net Cash (Debt)	78.72	648.86	629.83	596.87	26.89
Net Cash Growth	-87.87%	3.02%	5.52%	2119.78%	-
Net Cash Per Share	0.09	0.73	0.71	0.70	0.04
Filing Date Shares Outstanding	882.4	896.23	896.23	896.23	759.24
Total Common Shares Outstanding	882.4	896.23	896.23	896.23	759.24
Working Capital	2,193	2,023	2,243	2,126	1,740
Book Value Per Share	3.56	3.53	3.74	3.72	3.75
Tangible Book Value	2,889	2,912	3,089	3,021	2,517
Tangible Book Value Per Share	3.27	3.25	3.45	3.37	3.32
Land	2.09	1.57	1.9	-	-
Buildings	572.48	546.3	506.71	514.01	513.85
Machinery	972.15	800.98	789.32	647.05	643.31
Construction In Progress	132.15	57.92	22.99	135.72	25.57

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