SHE:002400 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Cash & Equivalents	2,516	1,658	1,777	878.61	1,438
Short-Term Investments	169.53	152.99	309.93	449.48	-
Trading Asset Securities	125.16	50.92	1.8	1.8	1.8
Cash & Short-Term Investments	2,811	1,862	2,088	1,330	1,440
Cash Growth	50.94%	-10.84%	57.04%	-7.64%	20.83%
Accounts Receivable	6,642	5,068	4,457	4,172	3,051
Other Receivables	147.03	112.26	125.11	154.87	164.29
Receivables	6,789	5,180	4,582	4,327	3,215
Inventory	1.53	2.4	2.23	4.17	4.32
Prepaid Expenses	7.75	0.73	3.89	2.62	4.21
Other Current Assets	875.08	874.94	1,130	891.19	621.52
Total Current Assets	10,484	7,920	7,806	6,555	5,285
Property, Plant & Equipment	903.14	814.35	987.46	948.7	694.07
Long-Term Investments	1,142	954.73	972.01	947.43	934.46
Goodwill	301.66	341.73	341.73	341.73	480.95
Other Intangible Assets	13.93	31.91	53.37	74.46	96.83
Long-Term Deferred Tax Assets	191.22	182.15	187.16	167.3	164.22
Long-Term Deferred Charges	17.01	6.87	7.54	8.72	11.46
Other Long-Term Assets	139.76	256.08	273.48	258.49	257.49
Total Assets	13,193	10,508	10,629	9,302	7,925
Accounts Payable	4,463	3,156	3,404	2,928	2,445
Accrued Expenses	177.21	170.18	196.51	161.46	145.7
Short-Term Debt	2,447	1,180	837.46	519.5	6
Current Portion of Leases	45.37	23.12	49.32	41.29	15.36
Current Income Taxes Payable	55.72	24.2	58.76	90.03	64.06
Current Unearned Revenue	407.75	596.89	563.84	211.48	248.8
Other Current Liabilities	346.47	250.22	282.38	227.65	172.42
Total Current Liabilities	7,942	5,401	5,392	4,179	3,097
Long-Term Leases	136.09	101.76	234.75	168.53	9.6
Long-Term Unearned Revenue	-	-	-	-	0.07
Long-Term Deferred Tax Liabilities	15.3	0.86	-	17.36	19.85
Other Long-Term Liabilities	23.71	24.02	24.02	25.87	25.87
Total Liabilities	8,117	5,528	5,651	4,391	3,152
Common Stock	1,743	1,743	1,743	1,743	1,743
Additional Paid-In Capital	1,360	1,360	1,367	1,367	1,403
Retained Earnings	1,805	1,760	1,699	1,610	1,412
Comprehensive Income & Other	97.4	67.92	65.12	79.2	72.45
Total Common Equity	5,006	4,931	4,875	4,800	4,631
Minority Interest	69.69	49.55	102.62	110.56	142.18
Shareholders' Equity	5,076	4,981	4,978	4,910	4,773
Total Liabilities & Equity	13,193	10,508	10,629	9,302	7,925
Total Debt	2,628	1,305	1,122	729.32	30.96
Net Cash (Debt)	182.42	557.13	966.89	600.57	1,409
Net Cash Growth	-67.26%	-42.38%	60.99%	-57.38%	69.53%
Net Cash Per Share	0.10	0.32	0.55	0.34	0.84
Filing Date Shares Outstanding	1,743	1,743	1,743	1,743	1,743
Total Common Shares Outstanding	1,743	1,743	1,743	1,743	1,743
Working Capital	2,542	2,519	2,414	2,375	2,189
Book Value Per Share	2.87	2.83	2.80	2.75	2.66
Tangible Book Value	4,691	4,557	4,480	4,384	4,053
Tangible Book Value Per Share	2.69	2.61	2.57	2.51	2.32
Buildings	879.49	817.56	816.32	813.52	724.16
Machinery	66.06	65.91	70.08	70.19	68.89

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