SHE:002377 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	42.69	140.55	57.41	251.23	220.38
Short-Term Investments	-	9.3	-	6.26	13.86
Trading Asset Securities	-	-	-	-	0.02
Cash & Short-Term Investments	42.69	149.85	57.41	257.49	234.26
Cash Growth	-71.51%	161.02%	-77.70%	9.92%	-72.19%
Accounts Receivable	629.41	549.66	464.73	679.76	871.12
Other Receivables	12.12	7.87	21.67	46.59	109
Receivables	641.53	557.54	486.4	726.35	980.13
Inventory	197.74	25.36	50.73	163.02	183.32
Other Current Assets	179.28	47.68	26.21	99.47	108.14
Total Current Assets	1,061	780.42	620.75	1,246	1,506
Property, Plant & Equipment	391.79	99.31	120.92	200.04	774.88
Long-Term Investments	6.96	6.96	12.79	22.89	40.35
Other Intangible Assets	22.89	11.1	22.56	54.29	116.08
Long-Term Accounts Receivable	-	24.04	27.34	33.85	68.95
Long-Term Deferred Tax Assets	14.78	13.23	13.35	36.33	20.85
Long-Term Deferred Charges	-	-	-	6.96	50.27
Other Long-Term Assets	24.62	201.87	200.21	200	200
Total Assets	1,522	1,137	1,018	1,801	2,777
Accounts Payable	189.28	150.8	75.76	226.37	214.24
Accrued Expenses	7.84	12.42	13.56	64.24	84.27
Short-Term Debt	491.59	419.35	344.08	454.13	458.62
Current Portion of Long-Term Debt	64.18	-	-	-	-
Current Portion of Leases	-	2.6	5.25	46.97	224.44
Current Income Taxes Payable	14.91	6.18	4.38	9.52	5.07
Current Unearned Revenue	122.1	34.67	5	40.88	67.19
Other Current Liabilities	158.07	16.85	14.74	192.43	111.24
Total Current Liabilities	1,048	642.87	462.77	1,035	1,165
Long-Term Debt	46.8	-	-	-	-
Long-Term Leases	4.31	9.92	10.71	97.13	474.01
Long-Term Unearned Revenue	0.01	0.03	0.1	0.17	0.24
Long-Term Deferred Tax Liabilities	1.48	1.88	2.69	31.25	-
Other Long-Term Liabilities	17.35	-	-	19.79	5.19
Total Liabilities	1,118	654.7	476.27	1,183	1,645
Common Stock	916.33	916.33	916.33	916.33	916.33
Additional Paid-In Capital	3,606	3,714	3,714	3,644	3,642
Retained Earnings	-4,132	-4,161	-4,102	-3,955	-3,417
Comprehensive Income & Other	-0.27	-0.38	-0.62	-0.72	-0.55
Total Common Equity	390.66	469.04	527.34	604.67	1,141
Minority Interest	13.71	13.19	14.32	13.12	-8.22
Shareholders' Equity	404.37	482.23	541.65	617.79	1,133
Total Liabilities & Equity	1,522	1,137	1,018	1,801	2,777
Total Debt	606.89	431.87	360.04	598.23	1,157
Net Cash (Debt)	-564.2	-282.03	-302.63	-340.74	-922.81
Net Cash Per Share	-0.62	-0.29	-0.33	-0.37	-1.00
Filing Date Shares Outstanding	905.79	916.33	916.33	916.33	916.33
Total Common Shares Outstanding	905.79	916.33	916.33	916.33	916.33
Working Capital	13.28	137.55	157.98	211.79	340.77
Book Value Per Share	0.43	0.51	0.58	0.66	1.25
Tangible Book Value	367.77	457.94	504.78	550.38	1,025
Tangible Book Value Per Share	0.41	0.50	0.55	0.60	1.12
Buildings	-	96.76	109	-	52.07
Machinery	-	231.32	254.18	-	398.02

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