SHE:002381 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	503.76	406.9	676.72	887.11	494.74
Trading Asset Securities	65.19	60	-	-	4.33
Cash & Short-Term Investments	568.95	466.9	676.72	887.11	499.07
Cash Growth	21.86%	-31.01%	-23.72%	77.75%	-31.97%
Accounts Receivable	1,103	1,054	957.92	831.31	759.86
Other Receivables	32.94	38.6	27.9	20.93	18.44
Receivables	1,136	1,093	985.82	852.24	778.31
Inventory	452.28	547.35	473.15	491.8	421.55
Other Current Assets	23.69	68.59	54.23	53.75	29.39
Total Current Assets	2,181	2,176	2,190	2,285	1,728
Property, Plant & Equipment	1,312	1,246	1,189	858.49	754.65
Long-Term Investments	76.18	97.49	102.39	101.35	74.53
Other Intangible Assets	197.51	204.23	203.8	211.54	161.19
Long-Term Deferred Tax Assets	29.63	24.38	20.98	13.03	11.83
Long-Term Deferred Charges	23.16	25.2	27.18	15.76	16.1
Other Long-Term Assets	44.34	17.59	12.31	27.74	56.15
Total Assets	3,865	3,790	3,745	3,513	2,803
Accounts Payable	682.73	625.31	710.2	740.24	589.06
Accrued Expenses	35.85	48.37	54.16	35.68	38.65
Short-Term Debt	88.65	-	0.1	42.05	56.09
Current Portion of Long-Term Debt	60.99	30.03	6.67	-	-
Current Portion of Leases	2.82	3.66	3.59	3.76	3.06
Current Income Taxes Payable	13.27	9.01	28.51	16.53	19.94
Current Unearned Revenue	90.05	123.23	95.79	91.7	92.83
Other Current Liabilities	59.93	68.21	46.25	57.91	39.86
Total Current Liabilities	1,034	907.83	945.27	987.88	839.49
Long-Term Debt	554.28	583.25	542.6	500.49	-
Long-Term Leases	33.33	32.54	36.64	40.06	35.8
Long-Term Unearned Revenue	81.8	85.44	84.81	9.56	7.12
Long-Term Deferred Tax Liabilities	-	-	-	0.54	0.66
Other Long-Term Liabilities	0.22	1.76	0.45	0.48	0.41
Total Liabilities	1,704	1,611	1,610	1,539	883.48
Common Stock	411.58	411.58	411.58	411.57	411.57
Additional Paid-In Capital	568.05	568.04	568.04	568.02	568.01
Retained Earnings	1,164	1,181	1,123	963.08	931.55
Comprehensive Income & Other	7.81	7.14	22.12	21.7	-1.67
Total Common Equity	2,151	2,168	2,124	1,964	1,909
Minority Interest	9.53	11.84	11.2	9.43	9.81
Shareholders' Equity	2,161	2,179	2,136	1,974	1,919
Total Liabilities & Equity	3,865	3,790	3,745	3,513	2,803
Total Debt	740.09	649.48	589.6	586.38	94.95
Net Cash (Debt)	-171.14	-182.58	87.12	300.73	404.11
Net Cash Growth	-	-	-71.03%	-25.58%	-44.92%
Net Cash Per Share	-0.42	-0.43	0.21	0.74	0.98
Filing Date Shares Outstanding	411.58	411.58	411.58	411.57	411.57
Total Common Shares Outstanding	411.58	411.58	411.58	411.57	411.57
Working Capital	1,147	1,268	1,245	1,297	888.82
Book Value Per Share	5.23	5.27	5.16	4.77	4.64
Tangible Book Value	1,954	1,963	1,921	1,753	1,748
Tangible Book Value Per Share	4.75	4.77	4.67	4.26	4.25
Buildings	736.67	720.81	495.31	453.21	395.48
Machinery	1,178	1,140	1,007	957.01	713.27
Construction In Progress	279.65	163.23	370.89	60.79	190.63

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