SHE:002561 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	217.71	326.1	1,428	907.76	958.44
Short-Term Investments	-	851.16	142.16	160	608
Trading Asset Securities	221.21	563.39	240.23	642.07	192.67
Cash & Short-Term Investments	438.92	1,741	1,811	1,710	1,759
Cash Growth	-74.78%	-3.87%	5.90%	-2.80%	4.25%
Accounts Receivable	9.93	10	19.56	21.77	13.58
Other Receivables	6.68	4.47	4.71	6.58	8.19
Receivables	16.61	14.47	24.27	28.34	21.77
Inventory	13.1	13.63	16.99	18.68	18.84
Other Current Assets	1,323	8.12	3.93	8.87	7.37
Total Current Assets	1,791	1,777	1,856	1,766	1,807
Property, Plant & Equipment	491.76	520.41	602.9	660.89	725.99
Long-Term Investments	2.96	2.68	7.99	3.5	5.81
Goodwill	-	-	-	-	2.43
Other Intangible Assets	311.01	324.78	301.71	313.69	325.8
Long-Term Deferred Tax Assets	6.66	6.85	7.26	6.81	6.84
Long-Term Deferred Charges	2.1	1.12	0.86	0.53	2.75
Total Assets	2,606	2,633	2,777	2,751	2,877
Accounts Payable	91.44	97.12	142.28	108.72	165.41
Accrued Expenses	24.32	40.7	46.46	56.42	36.82
Current Portion of Long-Term Debt	38.22	-	-	-	-
Current Portion of Leases	-	31.47	33.84	30.21	27.74
Current Income Taxes Payable	9.52	3.51	8.26	6.16	13.82
Current Unearned Revenue	28.43	23.23	23.46	30.96	25.02
Other Current Liabilities	82.31	64.07	66.51	69.82	84.02
Total Current Liabilities	274.24	260.1	320.82	302.28	352.82
Long-Term Leases	75.79	77.94	111.23	140.71	173
Long-Term Deferred Tax Liabilities	34.34	35.99	42.85	38.07	39.02
Total Liabilities	384.36	374.02	474.89	481.05	564.84
Common Stock	415.76	415.76	415.76	415.76	415.76
Additional Paid-In Capital	523.5	523.52	523.52	523.52	523.52
Retained Earnings	1,228	1,268	1,314	1,288	1,330
Comprehensive Income & Other	2.13	1.92	1.22	1.21	1.48
Total Common Equity	2,169	2,209	2,254	2,229	2,271
Minority Interest	52.39	49.39	47.47	41.14	40.62
Shareholders' Equity	2,221	2,259	2,302	2,270	2,312
Total Liabilities & Equity	2,606	2,633	2,777	2,751	2,877
Total Debt	114.01	109.41	145.07	170.91	200.74
Net Cash (Debt)	324.91	1,631	1,666	1,539	1,558
Net Cash Growth	-80.08%	-2.07%	8.24%	-1.25%	-7.64%
Net Cash Per Share	0.78	3.94	4.01	3.77	3.77
Filing Date Shares Outstanding	418.12	415.76	415.76	415.76	415.76
Total Common Shares Outstanding	418.12	415.76	415.76	415.76	415.76
Working Capital	1,517	1,517	1,535	1,463	1,454
Book Value Per Share	5.19	5.31	5.42	5.36	5.46
Tangible Book Value	1,858	1,885	1,953	1,915	1,943
Tangible Book Value Per Share	4.44	4.53	4.70	4.61	4.67
Buildings	-	596.91	708.15	708.15	708.15
Machinery	-	130.23	137.48	139.58	139.12
Construction In Progress	-	17.19	8.06	9.33	8.59

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