SHE:002453 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	202.97	292.73	205.75	445.13	417.21
Short-Term Investments	-	16.67	89.83	211.89	64.68
Trading Asset Securities	45.14	155.02	91.37	147.89	125.56
Cash & Short-Term Investments	248.11	464.42	386.95	804.91	607.45
Cash Growth	-46.58%	20.02%	-51.93%	32.51%	188.45%
Accounts Receivable	170.35	198.5	326.84	461.71	645.69
Other Receivables	26.83	15.07	93.09	221.3	148.62
Receivables	197.19	213.57	419.92	683.02	794.31
Inventory	185.79	250.99	274.05	291.02	393.37
Other Current Assets	142.5	31.02	62.88	60.06	90.67
Total Current Assets	773.58	959.99	1,144	1,839	1,886
Property, Plant & Equipment	419.69	431.01	501.43	487.68	522.89
Long-Term Investments	6.26	5.9	6.81	5.81	5.31
Goodwill	-	-	46.86	232.38	730.41
Other Intangible Assets	96.04	111.68	125.31	130.56	151.3
Long-Term Accounts Receivable	-	-	-	-	3.53
Long-Term Deferred Tax Assets	43.87	63.93	71.41	63.4	58.36
Long-Term Deferred Charges	4.03	8.09	29.44	48.57	41.57
Other Long-Term Assets	16.83	117.6	123.49	297.43	27.16
Total Assets	1,360	1,698	2,049	3,105	3,426
Accounts Payable	247.53	190.56	222.64	216.16	393.89
Accrued Expenses	10.76	15.61	19.67	32.95	54.24
Short-Term Debt	136.75	271.95	242.85	881.79	489.56
Current Portion of Long-Term Debt	4.34	-	-	-	10.06
Current Portion of Leases	-	4.67	3.43	2.35	17.78
Current Income Taxes Payable	2.1	-	-	16.8	20.19
Current Unearned Revenue	62.82	63.34	66.7	72.89	78.85
Other Current Liabilities	64.32	68.59	145.17	196.15	176.46
Total Current Liabilities	528.62	614.73	700.47	1,419	1,241
Long-Term Debt	9.99	-	-	-	30
Long-Term Leases	7.41	0.93	5.12	2.15	17.27
Long-Term Unearned Revenue	0.93	1.8	3.7	2.35	2.72
Long-Term Deferred Tax Liabilities	9.33	11.63	10.76	13.59	19.45
Other Long-Term Liabilities	1.74	4.61	8.95	0.55	0.6
Total Liabilities	558.03	633.7	729	1,438	1,311
Common Stock	812.37	812.37	812.37	883.24	944.22
Additional Paid-In Capital	1,388	1,388	1,326	1,420	1,569
Retained Earnings	-1,431	-1,173	-885.15	-708.78	-524
Comprehensive Income & Other	14.44	14.1	8.89	6.3	2.94
Total Common Equity	784.49	1,042	1,262	1,601	1,993
Minority Interest	17.79	22.36	57.3	66.49	122.73
Shareholders' Equity	802.27	1,065	1,320	1,667	2,115
Total Liabilities & Equity	1,360	1,698	2,049	3,105	3,426
Total Debt	158.5	277.55	251.4	886.29	564.67
Net Cash (Debt)	89.61	186.86	135.55	-81.37	42.78
Net Cash Growth	-52.04%	37.86%	-	-	-
Net Cash Per Share	0.11	0.23	0.16	-0.09	0.05
Filing Date Shares Outstanding	788.49	812.37	812.37	883.24	944.22
Total Common Shares Outstanding	788.49	812.37	812.37	883.24	944.22
Working Capital	244.96	345.26	443.33	419.92	644.76
Book Value Per Share	0.99	1.28	1.55	1.81	2.11
Tangible Book Value	688.45	930.46	1,090	1,238	1,111
Tangible Book Value Per Share	0.87	1.15	1.34	1.40	1.18
Buildings	-	250.9	325.41	317.4	316.19
Machinery	-	331.47	442.74	448.78	485.87
Construction In Progress	-	183.47	161.63	126.67	99.5

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