SHE:002530 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	356.3	305.61	449.04	365.49	492.58
Trading Asset Securities	33.93	24.56	36.41	189.26	137.3
Cash & Short-Term Investments	390.24	330.17	485.45	554.74	629.88
Cash Growth	18.19%	-31.99%	-12.49%	-11.93%	-19.66%
Accounts Receivable	394.53	318.55	331.63	278.82	258.92
Other Receivables	97.11	39.59	122.91	175.52	220.29
Receivables	491.64	358.14	454.54	454.34	479.21
Inventory	330.82	334.28	422.4	396.63	355.17
Prepaid Expenses	-	-	-	-	9.2
Other Current Assets	74.68	68.98	63.5	49.63	76.65
Total Current Assets	1,287	1,092	1,426	1,455	1,550
Property, Plant & Equipment	739.91	682.7	837.25	851.54	837.77
Long-Term Investments	210.56	235.31	142.78	139.19	175.44
Goodwill	10.23	10.23	19.23	19.23	19.23
Other Intangible Assets	114.89	101.34	112.43	103.21	236.2
Long-Term Accounts Receivable	-	-	-	1.29	2.58
Long-Term Deferred Tax Assets	21	19.9	24.25	37.76	88.11
Long-Term Deferred Charges	8.68	5.35	29.5	39.25	97.69
Other Long-Term Assets	7.88	0.97	29.42	38.5	30.81
Total Assets	2,401	2,147	2,621	2,685	3,038
Accounts Payable	148.78	147.89	250.7	247.69	277.58
Accrued Expenses	38.68	32.01	42.26	47.36	33.94
Short-Term Debt	97.92	77.84	207.18	236.44	206.61
Current Portion of Long-Term Debt	21.35	7.05	12.21	17.98	18.37
Current Portion of Leases	8.55	8.06	9.51	13.12	13.67
Current Income Taxes Payable	8.27	1.75	5.88	6.46	1.49
Current Unearned Revenue	253.47	240.17	373.12	378.35	331.53
Other Current Liabilities	100.1	70.02	101.53	67.89	80.4
Total Current Liabilities	677.11	584.78	1,002	1,015	963.59
Long-Term Debt	45.79	42.34	49.52	19.09	82.67
Long-Term Leases	8.45	8.51	14.33	18.23	30.64
Long-Term Unearned Revenue	20.25	23.87	44.98	48.73	52.82
Long-Term Deferred Tax Liabilities	4.55	4.46	4.1	4.72	4.23
Other Long-Term Liabilities	28.3	25.67	21.51	18.33	14.68
Total Liabilities	784.45	689.63	1,137	1,124	1,149
Common Stock	779.2	779.2	779.2	779.2	779.2
Additional Paid-In Capital	63.3	2,586	2,586	2,586	2,586
Retained Earnings	503.52	-2,084	-2,004	-1,920	-1,578
Comprehensive Income & Other	-14	-14	-75.67	-75.67	-71.19
Total Common Equity	1,332	1,267	1,285	1,369	1,717
Minority Interest	284.09	190.89	198.87	191.63	172.63
Shareholders' Equity	1,616	1,458	1,484	1,561	1,889
Total Liabilities & Equity	2,401	2,147	2,621	2,685	3,038
Total Debt	182.05	143.8	292.74	304.87	351.96
Net Cash (Debt)	208.19	186.37	192.71	249.87	277.92
Net Cash Growth	11.71%	-3.29%	-22.88%	-10.09%	-43.15%
Net Cash Per Share	0.26	0.20	0.25	0.32	0.36
Filing Date Shares Outstanding	779.2	779.2	779.2	779.2	779.2
Total Common Shares Outstanding	779.2	779.2	779.2	779.2	779.2
Working Capital	610.28	506.79	423.49	440.05	586.53
Book Value Per Share	1.71	1.63	1.65	1.76	2.20
Tangible Book Value	1,207	1,155	1,153	1,247	1,461
Tangible Book Value Per Share	1.55	1.48	1.48	1.60	1.88
Buildings	560.71	527.58	723.09	693.63	666.46
Machinery	595.82	511.36	484.64	457.68	415
Construction In Progress	59.15	69.85	76.17	77.95	76.21

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