SHE:002496 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	21.33	28.51	72.97	57.97	155.67
Trading Asset Securities	0.1	-	-	-	2
Cash & Short-Term Investments	21.43	28.51	72.97	57.97	157.67
Cash Growth	-24.84%	-60.93%	25.88%	-63.23%	-63.26%
Accounts Receivable	79.74	87.49	56.85	111.66	143.39
Other Receivables	59.45	100.4	92.08	224.4	285.53
Receivables	139.2	187.89	148.93	336.06	428.91
Inventory	68.68	57.48	98.78	83.04	128.03
Prepaid Expenses	-	2.18	-	-	-
Other Current Assets	45.86	51.55	63.11	65.55	53.37
Total Current Assets	275.16	327.61	383.8	542.62	767.97
Property, Plant & Equipment	323.56	392.1	480.79	507.53	583.93
Long-Term Investments	1,303	1,438	1,705	1,953	2,082
Goodwill	12.84	-	-	-	-
Other Intangible Assets	64.44	68.76	111.35	113.81	124.85
Long-Term Deferred Tax Assets	18.79	18.85	35.42	114.18	130.32
Long-Term Deferred Charges	17.27	25.79	18.56	29.14	28.89
Other Long-Term Assets	2.72	2.93	14.48	8.48	45.86
Total Assets	2,018	2,274	2,749	3,269	3,764
Accounts Payable	59.04	123.65	216.36	313.19	357.15
Accrued Expenses	72.7	130.03	103.25	115.74	103.15
Short-Term Debt	327.69	348.1	559.16	486.63	612.34
Current Portion of Long-Term Debt	3.05	3	3	3	-
Current Portion of Leases	1.16	0.93	0.88	0.84	-
Current Income Taxes Payable	66.53	71.44	71.45	78.58	72.11
Current Unearned Revenue	32.98	38.19	38.76	44.92	40.99
Other Current Liabilities	231.79	144.7	8.21	17.74	18.41
Total Current Liabilities	794.94	860.05	1,001	1,061	1,204
Long-Term Debt	44.6	36.06	39.06	42.07	-
Long-Term Leases	1.71	1.84	2.78	3.66	-
Long-Term Unearned Revenue	11.92	12.72	25.21	26.47	29.51
Long-Term Deferred Tax Liabilities	8.43	19.33	20.14	86.1	88.44
Other Long-Term Liabilities	76.13	72.09	242.89	201.14	221.28
Total Liabilities	937.73	1,002	1,331	1,420	1,543
Common Stock	1,508	1,508	1,508	1,508	1,508
Additional Paid-In Capital	709.66	709.66	709.66	712.81	712.81
Retained Earnings	-1,096	-881.76	-726.67	-259.34	195.61
Comprehensive Income & Other	-7.22	-7.11	-4.21	-2.4	-4.13
Total Common Equity	1,114	1,328	1,486	1,959	2,412
Minority Interest	-33.32	-56.17	-68.07	-109.79	-191.24
Shareholders' Equity	1,081	1,272	1,418	1,849	2,221
Total Liabilities & Equity	2,018	2,274	2,749	3,269	3,764
Total Debt	378.21	389.94	604.89	536.19	612.34
Net Cash (Debt)	-356.78	-361.43	-531.91	-478.22	-454.67
Net Cash Per Share	-0.24	-0.23	-0.35	-0.32	-0.30
Filing Date Shares Outstanding	1,508	1,508	1,508	1,508	1,508
Total Common Shares Outstanding	1,508	1,508	1,508	1,508	1,508
Working Capital	-519.78	-532.44	-617.28	-518.02	-436.17
Book Value Per Share	0.74	0.88	0.99	1.30	1.60
Tangible Book Value	1,037	1,260	1,375	1,845	2,287
Tangible Book Value Per Share	0.69	0.84	0.91	1.22	1.52
Buildings	451.31	545.48	597.58	614.93	689.81
Machinery	142.22	172.78	248.62	239.48	237.54
Construction In Progress	4.78	0.65	11.31	8.67	8.79

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