SHE:002532 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	6,540	9,108	7,812	8,832	7,576
Cash & Short-Term Investments	6,540	9,108	7,812	8,832	7,576
Cash Growth	-28.20%	16.59%	-11.55%	16.57%	-28.03%
Accounts Receivable	2,353	965.34	1,563	1,915	1,657
Other Receivables	167.18	142.87	91.84	4.51	3.36
Receivables	2,520	1,108	1,655	1,919	1,660
Inventory	7,187	8,824	9,543	9,532	8,834
Prepaid Expenses	3.25	0.4	7.05	17.23	-
Other Current Assets	1,614	1,891	2,495	4,623	4,661
Total Current Assets	17,865	20,931	21,512	24,923	22,732
Property, Plant & Equipment	30,558	30,224	30,813	29,817	28,650
Goodwill	6.18	-	-	-	-
Other Intangible Assets	3,838	3,836	1,480	1,488	1,124
Long-Term Accounts Receivable	119.7	131.17	142.64	154.1	165.57
Long-Term Deferred Tax Assets	604.27	526.96	400.9	340.95	287.24
Other Long-Term Assets	1,158	1,130	2,749	586.51	523.06
Total Assets	54,150	56,780	57,097	57,310	53,482
Accounts Payable	6,818	9,286	7,010	14,545	13,210
Accrued Expenses	1,217	1,435	1,395	1,149	962.39
Short-Term Debt	2,767	4,376	8,863	4,411	3,963
Current Portion of Long-Term Debt	3,861	3,584	4,218	3,117	3,017
Current Portion of Leases	229.69	549.14	662.67	689.48	848.6
Current Income Taxes Payable	517.62	484.84	245.77	507.55	1,018
Current Unearned Revenue	108	211.84	72.43	177.4	831
Other Current Liabilities	2,383	1,354	2,155	1,703	1,876
Total Current Liabilities	17,902	21,280	24,621	26,298	25,727
Long-Term Debt	6,078	7,668	7,021	6,642	5,439
Long-Term Leases	47.39	399.3	811.9	942.12	500.74
Long-Term Unearned Revenue	491.68	511.09	448.24	449.54	460.05
Long-Term Deferred Tax Liabilities	67.03	87.56	86	72.85	86.33
Total Liabilities	24,586	29,946	32,988	34,404	32,213
Common Stock	4,629	4,652	4,652	4,652	4,652
Additional Paid-In Capital	8,699	8,826	8,826	8,891	8,871
Retained Earnings	16,608	13,631	10,790	9,511	7,745
Treasury Stock	-300.03	-250.03	-150.01	-150.01	-
Comprehensive Income & Other	-68.63	-27.04	-11.17	-0.2	-1.4
Total Common Equity	29,567	26,831	24,107	22,904	21,267
Minority Interest	-4.13	2.51	2.04	2.15	2.17
Shareholders' Equity	29,563	26,834	24,109	22,906	21,269
Total Liabilities & Equity	54,150	56,780	57,097	57,310	53,482
Total Debt	12,984	16,576	21,577	15,800	13,769
Net Cash (Debt)	-6,444	-7,469	-13,765	-6,968	-6,193
Net Cash Per Share	-1.40	-1.61	-3.00	-1.50	-1.32
Filing Date Shares Outstanding	4,611	4,614	4,629	4,629	4,652
Total Common Shares Outstanding	4,590	4,614	4,629	4,629	4,652
Working Capital	-37.41	-348.91	-3,110	-1,375	-2,995
Book Value Per Share	6.44	5.82	5.21	4.95	4.57
Tangible Book Value	25,723	22,995	22,627	21,416	20,143
Tangible Book Value Per Share	5.60	4.98	4.89	4.63	4.33
Buildings	14,772	14,227	12,953	12,924	12,240
Machinery	26,421	23,863	22,572	21,920	18,926
Construction In Progress	1,877	2,862	4,344	2,414	3,523

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