SHE:002297 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	617.42	560.77	512.13	602.34	550.17
Trading Asset Securities	-	-	-	-	215.98
Cash & Short-Term Investments	617.42	560.77	512.13	602.34	766.15
Cash Growth	10.10%	9.50%	-14.98%	-21.38%	76.33%
Accounts Receivable	553.73	469.95	405.22	352.74	295.79
Other Receivables	1.55	2.59	1.05	1.19	1.47
Receivables	555.28	472.54	406.27	353.93	297.27
Inventory	565.75	536.73	544.93	476.23	400.81
Other Current Assets	22.1	18.95	19.66	17.5	24.7
Total Current Assets	1,761	1,589	1,483	1,450	1,489
Property, Plant & Equipment	936.61	938.84	894.85	761.58	725.74
Long-Term Investments	90.85	89.11	119.94	120.8	75.25
Other Intangible Assets	237.86	255.47	258.99	258.64	251.44
Long-Term Deferred Tax Assets	40.61	39.79	26.76	27.49	26.98
Long-Term Deferred Charges	56.37	42.56	57.74	34.72	38.6
Other Long-Term Assets	5.99	4.34	17.5	32.73	6.85
Total Assets	3,129	2,959	2,859	2,686	2,614
Accounts Payable	285.78	295.63	228.62	195.9	190.79
Accrued Expenses	43.3	42.51	30.3	43.54	34.03
Short-Term Debt	380.13	320.26	230.18	50.05	-
Current Portion of Long-Term Debt	26.04	30.02	-	2.07	41.84
Current Income Taxes Payable	9.66	1.98	2.65	4.95	1.36
Current Unearned Revenue	23.97	13.38	13.17	8.96	10.52
Other Current Liabilities	87.36	56.07	87.52	98.63	100.64
Total Current Liabilities	856.24	759.85	592.43	404.1	379.18
Long-Term Debt	-	-	-	76	78.06
Long-Term Leases	0.2	-	-	-	-
Long-Term Unearned Revenue	89.3	121.36	116.24	88.38	73.29
Long-Term Deferred Tax Liabilities	2.22	4.52	5.36	5.28	5.58
Total Liabilities	947.96	885.73	714.04	573.76	536.1
Common Stock	573.1	573.1	573.1	573.1	573.1
Additional Paid-In Capital	1,691	1,678	1,678	1,678	1,678
Retained Earnings	-143.02	-204.88	-144.07	-173.35	-197.3
Comprehensive Income & Other	6.34	4.96	14.32	11.09	0.93
Total Common Equity	2,127	2,052	2,122	2,089	2,055
Minority Interest	53.54	21.81	23.02	23	22.59
Shareholders' Equity	2,181	2,073	2,145	2,112	2,078
Total Liabilities & Equity	3,129	2,959	2,859	2,686	2,614
Total Debt	406.38	350.28	230.18	128.12	119.9
Net Cash (Debt)	211.04	210.49	281.95	474.22	646.25
Net Cash Growth	0.26%	-25.35%	-40.54%	-26.62%	787.79%
Net Cash Per Share	0.37	0.37	0.49	0.83	1.26
Filing Date Shares Outstanding	573.32	573.1	573.1	573.1	573.1
Total Common Shares Outstanding	573.32	573.1	573.1	573.1	573.1
Working Capital	904.31	829.14	890.55	1,046	1,110
Book Value Per Share	3.71	3.58	3.70	3.65	3.59
Tangible Book Value	1,889	1,796	1,863	1,831	1,804
Tangible Book Value Per Share	3.30	3.13	3.25	3.19	3.15
Buildings	-	721.07	502.06	499.95	497.09
Machinery	-	647.47	623.73	483.55	459.98
Construction In Progress	-	16.31	183.04	164.12	115.91

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