SHE:002428 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	402.96	519.73	71	132.01	109.93
Cash & Short-Term Investments	402.96	519.73	71	132.01	109.93
Cash Growth	-22.47%	632.01%	-46.22%	20.08%	-20.96%
Accounts Receivable	455.77	313.84	327.33	178.91	176.38
Other Receivables	11.84	14.56	6.5	1.62	3.87
Receivables	467.61	328.4	333.82	180.53	180.25
Inventory	828.53	691.36	468.32	413.51	437.69
Other Current Assets	65.3	51.53	39.49	39.53	54.85
Total Current Assets	1,764	1,591	912.63	765.59	782.72
Property, Plant & Equipment	1,017	1,035	1,094	1,153	1,140
Other Intangible Assets	468.69	433.85	438.89	364.34	366.7
Long-Term Deferred Tax Assets	72.83	59.69	64.8	59.06	39.76
Long-Term Deferred Charges	46.72	54.69	63.95	60.41	14.06
Other Long-Term Assets	38.84	2.86	5.43	11.47	5.43
Total Assets	3,409	3,177	2,579	2,414	2,349
Accounts Payable	265.06	206.34	150.31	56.23	77.37
Accrued Expenses	17.93	16.73	6.26	6.11	4.49
Short-Term Debt	412.91	309.84	317.47	345.03	339.99
Current Portion of Long-Term Debt	124.76	173.3	206.35	103.63	45.87
Current Portion of Leases	0.7	0.67	0.64	0.61	0.58
Current Income Taxes Payable	-	3.32	-	5.84	11.19
Current Unearned Revenue	1.59	8.3	3.2	8.06	1.01
Other Current Liabilities	121.98	129.14	38.11	15.97	4.85
Total Current Liabilities	944.94	847.64	722.35	541.47	485.35
Long-Term Debt	253.4	181.6	121.73	152.24	136.77
Long-Term Leases	50.64	106.19	24.35	5.17	5.78
Long-Term Unearned Revenue	183.68	203.15	207.24	221.71	172.37
Long-Term Deferred Tax Liabilities	3.49	3.84	4.04	4.74	3.4
Other Long-Term Liabilities	449.33	326.55	-	-	-
Total Liabilities	1,885	1,669	1,080	925.33	803.67
Common Stock	653.12	653.12	653.12	653.12	653.12
Additional Paid-In Capital	333.46	330.6	331.17	331.17	331.17
Retained Earnings	463.86	463.31	423.28	416.3	478.67
Comprehensive Income & Other	8.68	8.57	8.46	7.38	7.18
Total Common Equity	1,459	1,456	1,416	1,408	1,470
Minority Interest	64.23	52.84	83.51	80.55	75.08
Shareholders' Equity	1,523	1,508	1,500	1,489	1,545
Total Liabilities & Equity	3,409	3,177	2,579	2,414	2,349
Total Debt	842.41	771.6	670.54	606.67	528.98
Net Cash (Debt)	-439.46	-251.87	-599.54	-474.66	-419.04
Net Cash Per Share	-0.65	-0.38	-0.86	-0.76	-0.60
Filing Date Shares Outstanding	653.12	653.12	653.12	653.12	653.12
Total Common Shares Outstanding	653.12	653.12	653.12	653.12	653.12
Working Capital	819.45	743.38	190.28	224.12	297.37
Book Value Per Share	2.23	2.23	2.17	2.16	2.25
Tangible Book Value	990.43	1,022	977.13	1,044	1,103
Tangible Book Value Per Share	1.52	1.56	1.50	1.60	1.69
Buildings	744.95	734.95	733.82	732.77	677.85
Machinery	1,119	1,093	1,076	1,057	974.86
Construction In Progress	97.99	65.3	58.42	53.78	89.81

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