SHE:002455 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	647.3	774.49	756.74	1,021	866.29
Cash & Short-Term Investments	647.3	774.49	756.74	1,021	866.29
Cash Growth	-16.42%	2.34%	-25.86%	17.82%	49.98%
Accounts Receivable	402.64	555.27	412.81	473.63	597.84
Other Receivables	26.26	49.77	48.09	35.22	0.67
Receivables	428.9	605.04	460.9	508.85	598.51
Inventory	1,605	1,044	1,228	1,316	727.49
Other Current Assets	120.57	71.12	46.38	180.86	289.32
Total Current Assets	2,802	2,495	2,492	3,026	2,482
Property, Plant & Equipment	8,198	8,337	8,106	6,070	4,036
Long-Term Investments	15	16.33	13.77	21.38	21.61
Goodwill	-	-	-	1.98	1.98
Other Intangible Assets	237.32	253.2	257.55	247.81	255.4
Long-Term Deferred Tax Assets	170.01	127.93	126.18	38.92	23.67
Long-Term Deferred Charges	330.34	382.21	393.85	345.81	-
Other Long-Term Assets	22.84	49.41	51.46	318.16	377.3
Total Assets	11,775	11,661	11,441	10,070	7,197
Accounts Payable	2,297	1,824	2,201	1,614	1,414
Accrued Expenses	41.97	62	50.34	38.6	32.01
Short-Term Debt	3,568	3,313	2,896	2,423	1,640
Current Portion of Long-Term Debt	1,069	851.45	399.8	329.84	106.18
Current Income Taxes Payable	8.86	28.31	0.24	4.25	18.44
Current Unearned Revenue	67.09	53.27	32.14	51.07	44.66
Other Current Liabilities	24.64	685.46	267.22	19.86	10.38
Total Current Liabilities	7,078	6,818	5,846	4,481	3,266
Long-Term Debt	2,030	1,930	2,421	1,961	1,049
Long-Term Leases	-	701.92	388.26	-	-
Long-Term Unearned Revenue	72.68	36.73	37.74	41.67	29.77
Long-Term Deferred Tax Liabilities	50.75	3.38	4.1	3.89	5.54
Other Long-Term Liabilities	616.54	-136.09	359.47	595.6	400
Total Liabilities	9,848	9,354	9,057	7,083	4,750
Common Stock	594.26	594.25	593.17	593.17	565.95
Additional Paid-In Capital	831.1	822.71	811.79	823.07	677.77
Retained Earnings	203.17	346.61	237.94	733.72	627.56
Comprehensive Income & Other	162.54	217.5	219.37	222.34	35.21
Total Common Equity	1,791	1,981	1,862	2,372	1,906
Minority Interest	135.96	325.82	522.11	614.79	540.31
Shareholders' Equity	1,927	2,307	2,384	2,987	2,447
Total Liabilities & Equity	11,775	11,661	11,441	10,070	7,197
Total Debt	6,668	6,796	6,105	4,714	2,796
Net Cash (Debt)	-6,021	-6,022	-5,348	-3,693	-1,930
Net Cash Per Share	-10.05	-9.97	-9.06	-5.98	-3.42
Filing Date Shares Outstanding	953.21	594.25	593.17	593.17	565.95
Total Common Shares Outstanding	953.21	594.25	593.17	593.17	565.95
Working Capital	-4,276	-4,323	-3,354	-1,454	-784.18
Book Value Per Share	1.88	3.33	3.14	4.00	3.37
Tangible Book Value	1,554	1,728	1,605	2,123	1,649
Tangible Book Value Per Share	1.63	2.91	2.71	3.58	2.91
Buildings	-	1,588	1,484	1,240	1,080
Machinery	-	5,671	4,614	3,270	2,475
Construction In Progress	-	3,267	3,663	2,871	1,521

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