SHE:002344 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	419.36	1,120	1,119	1,910	1,823
Short-Term Investments	-	-	-	-	37.38
Trading Asset Securities	28	113.17	131.05	527	21
Cash & Short-Term Investments	447.36	1,234	1,250	2,437	1,881
Cash Growth	-63.73%	-1.35%	-48.69%	29.51%	24.21%
Accounts Receivable	52	46.06	83.29	30.73	121.1
Other Receivables	74.61	513.44	589.56	593.04	128.01
Receivables	126.61	559.5	672.85	623.77	249.1
Inventory	1,432	1,029	878.16	957.37	699.78
Prepaid Expenses	-	10.03	10.03	-	18.77
Other Current Assets	654.98	139.11	110.14	110.18	98.87
Total Current Assets	2,661	2,971	2,922	4,128	2,948
Property, Plant & Equipment	324.1	328.87	354.1	345.21	375.37
Long-Term Investments	872	1,293	970.84	324.17	350.29
Goodwill	35.76	35.76	35.76	35.76	1.57
Other Intangible Assets	19.47	24.79	31.32	40.43	18.74
Long-Term Accounts Receivable	-	1,180	909.63	476.51	-
Long-Term Deferred Tax Assets	189.57	184.56	187.94	172.18	167.94
Long-Term Deferred Charges	6.75	10.45	11.62	-	15.16
Other Long-Term Assets	8,904	7,108	7,358	8,110	7,850
Total Assets	13,183	13,281	12,964	13,797	11,910
Accounts Payable	508.08	524.04	490.68	849.41	289.84
Accrued Expenses	43.9	585.62	600.57	113.24	151.67
Short-Term Debt	223.95	725.72	1,076	547.63	129.32
Current Portion of Long-Term Debt	-	103.95	391.81	676.82	-
Current Portion of Leases	-	6.34	4.67	6.91	6.27
Current Income Taxes Payable	68.21	43.08	55.23	100.67	209.18
Current Unearned Revenue	260.36	288.78	293.33	338.45	552.45
Other Current Liabilities	1,747	389.41	433.82	1,050	951.08
Total Current Liabilities	2,852	2,667	3,346	3,683	2,290
Long-Term Debt	1,040	1,262	322.62	931.65	702.67
Long-Term Leases	5.87	10.44	15.57	5.28	11.83
Long-Term Unearned Revenue	540.04	565.6	589.14	613.21	681.16
Long-Term Deferred Tax Liabilities	15.51	17.37	22.39	23.76	23.31
Other Long-Term Liabilities	48.19	53.22	62.7	68.7	50.67
Total Liabilities	4,501	4,575	4,358	5,326	3,759
Common Stock	1,283	1,283	1,283	1,283	1,283
Additional Paid-In Capital	1,622	1,622	1,620	1,620	1,621
Retained Earnings	5,523	5,501	5,468	5,348	5,116
Treasury Stock	-	-	-	-	-0.6
Comprehensive Income & Other	-16.85	32.51	-	-	-
Total Common Equity	8,411	8,438	8,370	8,251	8,019
Minority Interest	270.99	267.35	235.58	220.78	131.58
Shareholders' Equity	8,682	8,705	8,606	8,471	8,151
Total Liabilities & Equity	13,183	13,281	12,964	13,797	11,910
Total Debt	1,270	2,108	1,810	2,168	850.09
Net Cash (Debt)	-822.55	-874.71	-560.05	268.47	1,031
Net Cash Growth	-	-	-	-73.97%	71.53%
Net Cash Per Share	-0.70	-0.69	-0.44	0.21	0.82
Filing Date Shares Outstanding	1,123	1,283	1,283	1,283	1,283
Total Common Shares Outstanding	1,123	1,283	1,283	1,283	1,283
Working Capital	-190.72	304.34	-424.31	444.65	658.18
Book Value Per Share	7.49	6.58	6.53	6.43	6.25
Tangible Book Value	8,355	8,378	8,303	8,174	7,999
Tangible Book Value Per Share	7.44	6.53	6.47	6.37	6.24
Buildings	-	409.95	410.8	409.95	409.95
Machinery	-	388.13	384.65	356.5	342.07
Construction In Progress	-	1.3	0.55	-	1.51

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