SHE:002469 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	598.34	474.14	1,120	1,075	1,373
Short-Term Investments	365.47	633.66	261.11	180.96	-
Trading Asset Securities	-	251.63	100.4	200.21	-
Cash & Short-Term Investments	963.81	1,359	1,481	1,457	1,373
Cash Growth	-29.10%	-8.23%	1.70%	6.05%	-4.85%
Accounts Receivable	664.78	441.71	531.14	598.72	872.33
Other Receivables	13.15	14.67	16.86	24.55	13.46
Receivables	677.92	456.38	548	623.26	885.79
Inventory	298.75	243.74	200.54	178.56	139.66
Other Current Assets	119.27	112.73	40.96	140.37	111.21
Total Current Assets	2,060	2,172	2,271	2,399	2,510
Property, Plant & Equipment	555.35	544.51	576.93	557.25	583.18
Long-Term Investments	966.79	767.58	484.17	235.87	1.38
Goodwill	-	-	19.25	19.25	19.25
Other Intangible Assets	94.91	102.42	108.94	107.48	120.23
Long-Term Deferred Tax Assets	20.3	19.8	19.74	18.59	19.83
Long-Term Deferred Charges	-	-	-	-	0.09
Other Long-Term Assets	3.9	20.08	1.97	9.14	12.82
Total Assets	3,701	3,627	3,482	3,346	3,267
Accounts Payable	524.95	307.16	257.99	305.13	278.66
Accrued Expenses	32.8	55.97	44.45	46.32	57.22
Short-Term Debt	120.97	150	-	-	-
Current Portion of Leases	18.67	17.72	17.67	16.69	16.01
Current Income Taxes Payable	10.67	22.69	17.86	9.87	13
Current Unearned Revenue	120.36	110.81	158.85	116.12	140.68
Other Current Liabilities	33.16	20.66	31.64	26.64	53.03
Total Current Liabilities	861.58	685.01	528.45	520.78	558.59
Long-Term Leases	43.65	57.05	70.79	81.72	90.4
Long-Term Unearned Revenue	4.15	-	-	-	-
Long-Term Deferred Tax Liabilities	6.38	7.55	9.95	12.63	15.06
Other Long-Term Liabilities	8.03	9.75	11.81	15.1	18.19
Total Liabilities	923.8	759.36	621.01	630.23	682.24
Common Stock	648.86	648.86	648.86	648.86	648.86
Additional Paid-In Capital	645.72	645.72	645.72	645.72	645.72
Retained Earnings	1,339	1,413	1,409	1,289	1,178
Comprehensive Income & Other	15.77	17.12	14.09	11.44	8.21
Total Common Equity	2,650	2,724	2,718	2,595	2,480
Minority Interest	127.39	143.1	142.73	120.58	104.25
Shareholders' Equity	2,777	2,867	2,861	2,716	2,585
Total Liabilities & Equity	3,701	3,627	3,482	3,346	3,267
Total Debt	183.29	224.78	88.46	98.41	106.41
Net Cash (Debt)	780.52	1,135	1,393	1,358	1,267
Net Cash Growth	-31.21%	-18.54%	2.56%	7.19%	-12.22%
Net Cash Per Share	1.21	1.73	2.12	2.08	1.95
Filing Date Shares Outstanding	648.86	648.86	648.86	648.86	648.86
Total Common Shares Outstanding	648.86	648.86	648.86	648.86	648.86
Working Capital	1,198	1,487	1,742	1,878	1,951
Book Value Per Share	4.08	4.20	4.19	4.00	3.82
Tangible Book Value	2,555	2,622	2,590	2,469	2,341
Tangible Book Value Per Share	3.94	4.04	3.99	3.80	3.61
Buildings	337.54	337.54	337.39	331.88	331.89
Machinery	840.07	749.71	744.12	633.02	643.33
Construction In Progress	4.6	37.01	11.04	44.61	5.37

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