SHE:002581 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	220.25	506.4	151.91	183.8	187.8
Trading Asset Securities	0.02	-	-	-	-
Cash & Short-Term Investments	220.27	506.4	151.91	183.8	187.8
Cash Growth	-56.50%	233.35%	-17.35%	-2.13%	-33.91%
Accounts Receivable	279.66	93.32	172.62	179.72	272.96
Other Receivables	12.05	52.24	78.87	18.36	13.49
Receivables	291.72	145.55	251.49	198.09	286.45
Inventory	93.25	79.64	85.31	80.04	64.33
Other Current Assets	24.1	15.41	7.99	56.43	29.88
Total Current Assets	629.34	747.01	496.71	518.36	568.45
Property, Plant & Equipment	350.09	274.74	357.84	705.47	713.76
Long-Term Investments	938.34	1,056	1,355	1,503	1,223
Other Intangible Assets	90.81	93.47	108.29	126.32	134.29
Long-Term Deferred Tax Assets	27.32	11.21	6.12	11.84	25.28
Long-Term Deferred Charges	9.73	0.32	1.41	5.2	7.78
Other Long-Term Assets	122.74	13.44	12.26	0.49	83.36
Total Assets	2,168	2,196	2,337	2,870	2,756
Accounts Payable	88.39	35.35	73.69	43.64	42.13
Accrued Expenses	13.34	20.83	22.5	19.32	31.01
Short-Term Debt	32.53	2.77	13.84	150.42	151.54
Current Portion of Long-Term Debt	17.72	-	-	-	-
Current Portion of Leases	-	0.17	-	13.46	15.83
Current Income Taxes Payable	4.22	-	0.95	1.2	0.44
Current Unearned Revenue	2.92	10.46	3.59	26.86	3.43
Other Current Liabilities	31.66	13.03	19.03	109.38	14.17
Total Current Liabilities	190.78	82.61	133.61	364.28	258.54
Long-Term Debt	8.5	-	-	-	-
Long-Term Leases	2.69	-	0.71	1.47	9.8
Long-Term Unearned Revenue	5.49	5.49	5.49	6.71	9.74
Long-Term Deferred Tax Liabilities	9.59	9.39	7.51	7.68	8.68
Other Long-Term Liabilities	4.94	76.12	16.09	9.67	-
Total Liabilities	222	173.61	163.41	389.82	286.76
Common Stock	229.15	229.15	229.15	229.15	229.15
Additional Paid-In Capital	901.28	866.41	873.93	858.5	858.29
Retained Earnings	711.79	828.08	965.39	1,298	1,301
Total Common Equity	1,842	1,924	2,068	2,385	2,388
Minority Interest	104.16	98.67	105.26	94.94	81.11
Shareholders' Equity	1,946	2,022	2,174	2,480	2,469
Total Liabilities & Equity	2,168	2,196	2,337	2,870	2,756
Total Debt	61.43	2.94	14.55	165.35	177.16
Net Cash (Debt)	158.84	503.47	137.36	18.45	10.64
Net Cash Growth	-68.45%	266.52%	644.38%	73.50%	-90.91%
Net Cash Per Share	0.24	0.76	0.21	0.03	0.02
Filing Date Shares Outstanding	659.1	659.74	659.74	659.74	659.74
Total Common Shares Outstanding	659.1	659.74	659.74	659.74	659.74
Working Capital	438.56	664.4	363.1	154.08	309.91
Book Value Per Share	2.80	2.92	3.14	3.62	3.62
Tangible Book Value	1,751	1,830	1,960	2,259	2,254
Tangible Book Value Per Share	2.66	2.77	2.97	3.42	3.42
Buildings	-	393.55	486.08	639.62	612.92
Machinery	-	431.4	432.25	413.16	424.47
Construction In Progress	-	38.11	22.17	91.43	64.86

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