SHE:002277 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	Jan '25 Jan 1, 2025	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	164.3	224.77	367.43	356.69	478.86
Cash & Short-Term Investments	164.3	224.77	367.43	356.69	478.86
Cash Growth	-26.90%	-38.83%	3.01%	-25.51%	-60.60%
Accounts Receivable	8.86	5.93	31.76	20.14	117.35
Other Receivables	186.82	254.92	292.66	311.15	155.52
Receivables	250.98	319.35	385.43	397.28	339.37
Inventory	2,121	2,291	2,551	2,581	3,064
Prepaid Expenses	-	0.04	0.39	0.53	1.48
Other Current Assets	93.28	118.64	121.6	124.97	217.95
Total Current Assets	2,630	2,954	3,426	3,461	4,102
Property, Plant & Equipment	4,293	4,600	4,469	4,837	5,128
Long-Term Investments	4,137	3,920	3,546	3,240	2,898
Other Intangible Assets	263.59	275.43	285.97	296.18	307.2
Long-Term Deferred Tax Assets	36.71	37.71	342.94	393.12	44.89
Long-Term Deferred Charges	863.7	1,026	1,076	1,126	1,180
Other Long-Term Assets	1,618	1,641	1,587	1,600	1,659
Total Assets	14,032	14,672	14,902	15,184	15,563
Accounts Payable	624.87	700.01	734.24	842.09	937.23
Accrued Expenses	38.47	69.18	78.13	55.72	94.54
Short-Term Debt	2,545	2,549	2,483	2,084	2,030
Current Portion of Long-Term Debt	1,058	926.54	494.83	446.93	784.34
Current Portion of Leases	198.44	162.83	161.17	171.09	99.09
Current Income Taxes Payable	1.32	0.77	2.68	2.11	7.34
Current Unearned Revenue	508.33	548.14	639	547.35	585.91
Other Current Liabilities	411.66	408.18	359.52	449.17	485.05
Total Current Liabilities	5,386	5,365	4,953	4,598	5,024
Long-Term Debt	531	695.36	1,277	1,718	1,866
Long-Term Leases	1,517	1,567	1,377	1,533	1,596
Long-Term Unearned Revenue	1.72	1.88	2.04	1.15	1.19
Long-Term Deferred Tax Liabilities	-	-	304.97	353.66	-
Other Long-Term Liabilities	114.46	122.17	103.13	101.26	156.68
Total Liabilities	7,550	7,751	8,016	8,306	8,643
Common Stock	1,394	1,394	1,394	1,394	1,394
Additional Paid-In Capital	723.52	724.04	723.49	721.57	707.8
Retained Earnings	4,242	4,577	4,561	4,513	4,481
Comprehensive Income & Other	-35.58	40.3	1.13	10.79	3.31
Total Common Equity	6,324	6,736	6,680	6,640	6,587
Minority Interest	157.19	184.27	205.43	238.31	333.52
Shareholders' Equity	6,481	6,920	6,885	6,878	6,920
Total Liabilities & Equity	14,032	14,672	14,902	15,184	15,563
Total Debt	5,849	5,901	5,793	5,953	6,375
Net Cash (Debt)	-5,685	-5,676	-5,425	-5,597	-5,896
Net Cash Per Share	-4.08	-4.05	-3.91	-4.06	-4.24
Filing Date Shares Outstanding	1,394	1,394	1,394	1,394	1,394
Total Common Shares Outstanding	1,394	1,394	1,394	1,394	1,394
Working Capital	-2,756	-2,411	-1,527	-1,138	-921.59
Book Value Per Share	4.54	4.83	4.79	4.76	4.72
Tangible Book Value	6,061	6,461	6,394	6,343	6,279
Tangible Book Value Per Share	4.35	4.63	4.59	4.55	4.50
Buildings	3,735	3,754	3,624	3,441	3,470
Machinery	719.52	741.96	742.87	1,593	720.67
Construction In Progress	-	-	0.52	182.84	182.54

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