SHE:002507 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	4,062	3,272	3,680	3,414	3,086
Short-Term Investments	401.68	100.25	922.37	1,738	2,367
Trading Asset Securities	2,246	3,399	1,811	1,113	-
Cash & Short-Term Investments	6,710	6,771	6,413	6,265	5,453
Cash Growth	-0.90%	5.58%	2.36%	14.88%	211.70%
Accounts Receivable	29.17	8.19	10.5	5.57	2.87
Other Receivables	2.91	5.34	4.2	3.07	7.83
Receivables	32.07	13.54	14.7	8.64	10.69
Inventory	626.16	561.51	495.37	470.44	401.3
Prepaid Expenses	11.4	5.4	0.8	1.78	1.1
Other Current Assets	28.26	8.28	10.41	15.21	27.73
Total Current Assets	7,408	7,360	6,934	6,761	5,894
Property, Plant & Equipment	1,703	1,398	1,194	1,204	1,279
Long-Term Investments	2.05	2.05	2.05	2.05	2.05
Goodwill	38.91	38.91	38.91	38.91	38.91
Other Intangible Assets	512.21	478.73	488.95	499.71	507.48
Long-Term Deferred Tax Assets	14.07	14.76	14.01	23.29	22.91
Other Long-Term Assets	5.73	101.67	97.15	72.59	4.43
Total Assets	9,684	9,394	8,769	8,602	7,749
Accounts Payable	233.74	235.87	146.62	165.15	154.26
Accrued Expenses	115.58	173.51	105.15	219.72	119.32
Current Portion of Leases	0.85	0.84	-	-	-
Current Income Taxes Payable	6.01	3.94	20.92	52.61	31.65
Current Unearned Revenue	93.74	53.01	60.4	161.51	90.29
Other Current Liabilities	370.24	119	97.24	138.64	74.15
Total Current Liabilities	820.16	586.19	430.34	737.63	469.67
Long-Term Leases	0.08	0.91	0.1	1.53	2.86
Long-Term Unearned Revenue	87.51	86.91	77.08	76.55	80.91
Long-Term Deferred Tax Liabilities	14.32	10.27	5.63	19.11	16.38
Other Long-Term Liabilities	11.83	11.83	11.83	11.83	11.83
Total Liabilities	933.91	696.11	524.99	846.65	581.65
Common Stock	1,154	1,154	1,154	887.63	887.63
Additional Paid-In Capital	2,937	2,937	2,937	3,203	3,203
Retained Earnings	4,660	4,607	4,154	3,665	3,076
Shareholders' Equity	8,750	8,698	8,244	7,755	7,167
Total Liabilities & Equity	9,684	9,394	8,769	8,602	7,749
Total Debt	0.93	1.76	0.1	1.53	2.86
Net Cash (Debt)	6,709	6,769	6,413	6,263	5,451
Net Cash Growth	-0.89%	5.56%	2.38%	14.91%	211.54%
Net Cash Per Share	5.85	5.84	5.59	5.44	4.92
Filing Date Shares Outstanding	1,154	1,154	1,154	1,154	1,154
Total Common Shares Outstanding	1,154	1,154	1,154	1,154	1,154
Working Capital	6,588	6,773	6,504	6,023	5,425
Book Value Per Share	7.58	7.54	7.14	6.72	6.21
Tangible Book Value	8,199	8,180	7,717	7,217	6,621
Tangible Book Value Per Share	7.11	7.09	6.69	6.25	5.74
Buildings	1,284	1,234	1,234	1,232	1,204
Machinery	640.33	653.51	636.55	643.65	626.49
Construction In Progress	654.84	413.78	138.25	55.83	74.29

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