SHE:002275 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	990.99	1,050	1,058	1,266	1,478
Short-Term Investments	-	-	43.4	-	-
Trading Asset Securities	730.31	626.15	304.69	161.24	221.77
Cash & Short-Term Investments	1,721	1,676	1,406	1,427	1,699
Cash Growth	2.72%	19.17%	-1.45%	-16.03%	-2.47%
Accounts Receivable	290.05	527.3	458.33	542.51	413.03
Other Receivables	98.43	118.06	4.39	57.58	9.1
Receivables	388.47	645.36	462.72	600.09	422.13
Inventory	203.26	208.29	255.96	244.9	284.15
Other Current Assets	50.87	35.18	71.17	25.06	48.4
Total Current Assets	2,364	2,565	2,196	2,297	2,454
Property, Plant & Equipment	1,109	1,111	1,155	1,227	1,313
Long-Term Investments	147.43	296.89	299.09	132.61	4.21
Goodwill	5.7	5.7	5.7	5.7	5.7
Other Intangible Assets	134.81	141.55	153.56	168.28	178.36
Long-Term Deferred Tax Assets	7.12	10.2	9.33	8.53	11.35
Long-Term Deferred Charges	96.16	102.44	117.04	125.76	128.8
Other Long-Term Assets	393.86	-	-	-	0.03
Total Assets	4,258	4,232	3,936	3,965	4,096
Accounts Payable	185.76	191.55	201.38	133.92	180.24
Accrued Expenses	33.56	184.85	160.61	160.45	123.86
Short-Term Debt	260.22	325.26	274.2	140.01	251.68
Current Portion of Long-Term Debt	46.06	103.3	104.54	107.57	33.04
Current Portion of Leases	-	14.72	14.72	11.81	9.52
Current Income Taxes Payable	35.42	38.63	25.95	71.79	38.13
Current Unearned Revenue	98.22	98.06	75.99	170.01	132.79
Other Current Liabilities	125.14	39.11	36.45	51.38	59.98
Total Current Liabilities	784.39	995.46	893.83	846.94	829.23
Long-Term Debt	180.91	121.5	73.92	128.03	226.93
Long-Term Leases	26.59	28.86	60.95	78.45	87.93
Long-Term Unearned Revenue	70.23	63.15	89.04	97.85	111.22
Long-Term Deferred Tax Liabilities	0	0.15	-	0.33	0.73
Other Long-Term Liabilities	5.05	13.32	1.34	-	-
Total Liabilities	1,067	1,222	1,119	1,152	1,256
Common Stock	587.57	587.57	587.57	587.57	590.2
Additional Paid-In Capital	672.09	672.09	669.24	638.76	685.78
Retained Earnings	1,895	1,781	1,583	1,573	1,767
Treasury Stock	-	-	-	-	-204
Comprehensive Income & Other	36.78	-31.12	-22.72	14.13	0.64
Shareholders' Equity	3,191	3,010	2,817	2,813	2,840
Total Liabilities & Equity	4,258	4,232	3,936	3,965	4,096
Total Debt	513.78	593.63	528.33	465.88	609.1
Net Cash (Debt)	1,208	1,082	877.86	961.07	1,090
Net Cash Growth	11.59%	23.27%	-8.66%	-11.86%	-18.50%
Net Cash Per Share	2.06	1.85	1.50	1.63	1.90
Filing Date Shares Outstanding	590.23	587.57	587.57	587.57	575.27
Total Common Shares Outstanding	590.23	587.57	587.57	587.57	575.27
Working Capital	1,580	1,569	1,302	1,450	1,625
Book Value Per Share	5.41	5.12	4.79	4.79	4.94
Tangible Book Value	3,051	2,863	2,658	2,639	2,656
Tangible Book Value Per Share	5.17	4.87	4.52	4.49	4.62
Buildings	-	1,000	993.15	997.12	1,053
Machinery	-	773.59	775.06	76.86	76.54
Construction In Progress	-	69.54	21.24	61.66	105.26

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