SHE:002451 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	324.76	129.42	140.73	95.55	72.01
Trading Asset Securities	11.34	21.42	-	26.87	16.21
Cash & Short-Term Investments	336.1	150.84	140.73	122.43	88.23
Cash Growth	122.82%	7.18%	14.95%	38.76%	5.48%
Accounts Receivable	855.46	738.77	717.01	764.76	559.76
Other Receivables	8.11	12.69	21.82	39.11	62.64
Receivables	863.56	751.47	738.83	803.87	622.4
Inventory	142.29	166.01	155.31	153.36	145.57
Other Current Assets	21.28	16.3	29.32	11.18	16.9
Total Current Assets	1,363	1,085	1,064	1,091	873.09
Property, Plant & Equipment	474.12	434.35	369.64	321.42	283.92
Long-Term Investments	23.66	22.4	28.28	38.56	54.14
Other Intangible Assets	32.75	34.22	33.89	33.86	35.13
Long-Term Deferred Tax Assets	18.17	20.62	16.65	19.58	12.11
Long-Term Deferred Charges	2.06	1.87	0.38	0.59	0.64
Other Long-Term Assets	138.64	137.25	138.97	144.36	151.15
Total Assets	2,053	1,735	1,652	1,649	1,410
Accounts Payable	56.68	74.83	52.72	56.25	73.3
Accrued Expenses	13.83	16.5	17.28	19.13	24.98
Short-Term Debt	814.52	404.28	365.66	435.13	354.05
Current Portion of Long-Term Debt	4.32	132.75	32.25	8.63	-
Current Portion of Leases	3.48	2.72	1.21	1.9	1.9
Current Income Taxes Payable	0.41	2.26	0.53	4.76	0.77
Current Unearned Revenue	7.45	15.02	13.71	16.59	15.15
Other Current Liabilities	106.74	159.87	103.27	99.19	46.77
Total Current Liabilities	1,007	808.23	586.65	641.57	516.93
Long-Term Debt	63.73	20.15	164.23	103.9	-
Long-Term Leases	18.84	16.3	17.19	17.35	19.43
Long-Term Unearned Revenue	19.31	20.88	24.74	28.82	32.89
Long-Term Deferred Tax Liabilities	2.28	2.77	3.2	6.78	4.87
Total Liabilities	1,112	868.32	796.01	798.42	574.12
Common Stock	440.67	439.2	439.2	439.2	439.2
Additional Paid-In Capital	72.39	68.41	68.41	68.41	68.41
Retained Earnings	267.56	261.37	244.49	228.33	210.1
Treasury Stock	-4.88	-	-	-	-
Comprehensive Income & Other	-2.54	-4.04	3.34	11.41	26.86
Total Common Equity	773.19	764.95	755.45	747.35	744.57
Minority Interest	167.86	102.06	100.54	103.42	91.49
Shareholders' Equity	941.06	867.01	855.99	850.77	836.06
Total Liabilities & Equity	2,053	1,735	1,652	1,649	1,410
Total Debt	904.89	576.19	580.54	566.91	375.38
Net Cash (Debt)	-568.79	-425.35	-439.81	-444.48	-287.15
Net Cash Per Share	-1.30	-0.95	-1.09	-0.91	-0.67
Filing Date Shares Outstanding	440.67	439.2	439.2	439.2	439.2
Total Common Shares Outstanding	440.67	439.2	439.2	439.2	439.2
Working Capital	355.81	276.39	477.55	449.25	356.16
Book Value Per Share	1.75	1.74	1.72	1.70	1.70
Tangible Book Value	740.44	730.72	721.56	713.49	709.44
Tangible Book Value Per Share	1.68	1.66	1.64	1.62	1.62
Buildings	266.76	266.76	273.48	266.76	266.76
Machinery	387.46	359.64	286.39	241.39	227.77
Construction In Progress	142.43	122.49	90.61	64.93	9.85

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