SHE:002445 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	81.96	115.59	65.69	179.11	374.06
Trading Asset Securities	1,183	1,093	926.24	955.3	517.17
Cash & Short-Term Investments	1,265	1,208	991.94	1,134	891.23
Cash Growth	4.71%	21.82%	-12.56%	27.29%	240.10%
Accounts Receivable	503.81	394.24	435.03	346.75	262.3
Other Receivables	14.88	48.8	30.09	15.93	51.3
Receivables	518.69	443.04	465.12	362.68	313.6
Inventory	428.46	379.83	337.25	195.78	215.58
Other Current Assets	49.88	56.79	40.27	44.06	42.83
Total Current Assets	2,262	2,088	1,835	1,737	1,463
Property, Plant & Equipment	423.81	390.86	302.4	272.59	303.13
Long-Term Investments	180.78	270.5	388.17	522.9	705.74
Other Intangible Assets	48.82	48.67	50.01	51.32	52.63
Long-Term Deferred Tax Assets	6.66	24.04	33.38	54.56	86.47
Long-Term Deferred Charges	3.35	0.31	0.39	0.23	-
Other Long-Term Assets	38.81	40.35	38.51	42.18	39.7
Total Assets	2,965	2,863	2,647	2,681	2,651
Accounts Payable	268.63	234.52	99.01	58.09	50.02
Accrued Expenses	30.65	37.2	32.26	37.63	26.03
Current Portion of Long-Term Debt	27.14	6.04	1.56	-	-
Current Portion of Leases	-	13.03	0.22	0.83	0.76
Current Income Taxes Payable	5.77	2.99	0	-	0
Current Unearned Revenue	60.47	69.66	142.57	38.37	38.84
Other Current Liabilities	99.52	113.28	121.68	312.36	301.47
Total Current Liabilities	492.18	476.71	397.29	447.28	417.14
Long-Term Debt	97.75	49.68	14.48	-	-
Long-Term Leases	4.73	16.93	-	0.22	1.04
Long-Term Deferred Tax Liabilities	5.83	23.52	33.38	54.56	86.47
Other Long-Term Liabilities	5.19	9.4	5.91	230.77	241.04
Total Liabilities	605.68	576.24	451.06	732.82	745.69
Common Stock	2,377	2,392	2,392	2,392	2,392
Additional Paid-In Capital	2,222	2,237	2,237	2,140	2,140
Retained Earnings	-2,346	-2,420	-2,478	-2,606	-2,634
Treasury Stock	-	-12.8	-	-	-
Comprehensive Income & Other	5.42	4.8	4.38	3.26	2.24
Total Common Equity	2,258	2,200	2,155	1,928	1,900
Minority Interest	101.03	86.23	41.06	19.58	5.67
Shareholders' Equity	2,359	2,287	2,196	1,948	1,905
Total Liabilities & Equity	2,965	2,863	2,647	2,681	2,651
Total Debt	129.61	85.67	16.25	1.04	1.8
Net Cash (Debt)	1,136	1,123	975.68	1,133	889.42
Net Cash Growth	1.16%	15.07%	-13.91%	27.43%	239.41%
Net Cash Per Share	0.46	0.39	0.38	0.41	0.39
Filing Date Shares Outstanding	2,806	2,392	2,392	2,392	2,392
Total Common Shares Outstanding	2,806	2,392	2,392	2,392	2,392
Working Capital	1,770	1,611	1,437	1,290	1,046
Book Value Per Share	0.80	0.92	0.90	0.81	0.79
Tangible Book Value	2,209	2,152	2,105	1,877	1,847
Tangible Book Value Per Share	0.79	0.90	0.88	0.78	0.77
Buildings	-	346.68	346.68	346.68	354.26
Machinery	-	232.99	223.13	224.38	227.63
Construction In Progress	-	33.85	9.25	3.96	-

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