SHE:002513 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	895.39	408.13	457.34	24	84.57
Cash & Short-Term Investments	895.39	408.13	457.34	24	84.57
Cash Growth	119.39%	-10.76%	1805.42%	-71.62%	-74.49%
Accounts Receivable	808.32	432.97	532.28	97.86	78.67
Other Receivables	62.7	113.7	207.84	77.23	187.04
Receivables	871.01	546.67	740.12	182.4	272.79
Inventory	297.07	182.44	167.77	98.05	132.7
Prepaid Expenses	-	-	-	0.88	-
Other Current Assets	233.35	170.31	210.44	54.94	55.98
Total Current Assets	2,297	1,308	1,576	360.27	546.04
Property, Plant & Equipment	1,785	1,754	1,526	868.19	935.6
Long-Term Investments	12.43	9.1	8.89	7.44	4.89
Other Intangible Assets	62.51	61.74	58.58	43.59	46.86
Long-Term Deferred Tax Assets	224.67	205.82	126.77	96.52	170.16
Long-Term Deferred Charges	15.34	0.81	0.53	0	0.02
Other Long-Term Assets	79.78	79.71	90.84	95.21	20.31
Total Assets	4,477	3,419	3,400	1,476	1,728
Accounts Payable	2,004	1,334	1,213	543.16	631.68
Accrued Expenses	31.15	29.93	30.83	34.24	23.52
Short-Term Debt	113.57	169.15	212.64	117.7	97.02
Current Portion of Long-Term Debt	78.92	33.77	-	-	-
Current Portion of Leases	3.49	0.89	0.67	0.57	0.33
Current Income Taxes Payable	1.2	0.9	19.78	0.25	0.24
Current Unearned Revenue	88.78	143.61	126.28	52.4	57.86
Other Current Liabilities	985.24	620.37	914.37	288.6	234.59
Total Current Liabilities	3,307	2,333	2,517	1,037	1,045
Long-Term Debt	344.06	422.64	408.46	-	-
Long-Term Leases	26.74	9.93	0.47	0.13	0.29
Long-Term Unearned Revenue	217.87	208.23	114.11	6.16	8.96
Long-Term Deferred Tax Liabilities	3.01	2.17	2.12	2.21	2.62
Other Long-Term Liabilities	223.65	130.21	106.3	72.54	4.21
Total Liabilities	4,122	3,106	3,149	1,118	1,061
Common Stock	375.59	375.28	373.94	373.94	340.09
Additional Paid-In Capital	2,339	2,136	1,898	1,902	1,825
Retained Earnings	-2,594	-2,403	-2,151	-1,819	-1,498
Treasury Stock	-80.74	-78.75	-101.55	-101.55	-
Comprehensive Income & Other	3.64	3.26	5.48	1.74	-0.25
Total Common Equity	43.69	32.54	25.22	357.59	666.64
Minority Interest	311.32	280.04	225.43	-0	-
Shareholders' Equity	355.01	312.58	250.66	357.59	666.64
Total Liabilities & Equity	4,477	3,419	3,400	1,476	1,728
Total Debt	566.78	636.37	622.24	118.4	97.64
Net Cash (Debt)	328.61	-228.23	-164.9	-94.4	-13.07
Net Cash Per Share	0.88	-0.62	-0.44	-0.25	-0.04
Filing Date Shares Outstanding	375.59	375.28	373.94	372.3	340.09
Total Common Shares Outstanding	375.59	375.28	373.94	372.3	340.09
Working Capital	-1,010	-1,026	-941.8	-676.64	-499.2
Book Value Per Share	0.12	0.09	0.07	0.96	1.96
Tangible Book Value	-18.82	-29.2	-33.35	314	619.78
Tangible Book Value Per Share	-0.05	-0.08	-0.09	0.84	1.82
Buildings	1,139	1,278	866.63	667.45	686.42
Machinery	1,687	1,395	938.68	1,295	1,458
Construction In Progress	2.79	5.29	542.38	14.01	5.05

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