SHE:002596 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	61.14	85.47	72.24	115.61	198.05
Trading Asset Securities	2.57	-	-	-	-
Cash & Short-Term Investments	63.71	85.47	72.24	115.61	198.05
Cash Growth	-25.46%	18.31%	-37.51%	-41.62%	-57.82%
Accounts Receivable	1,995	2,242	2,471	2,468	2,841
Other Receivables	94.99	107.72	179.23	305.19	245.64
Receivables	2,090	2,350	2,651	2,773	3,087
Inventory	17.39	23.38	63.01	93.23	258.01
Other Current Assets	88.24	107.35	88.91	87.31	121.25
Total Current Assets	2,260	2,566	2,875	3,069	3,664
Property, Plant & Equipment	181.55	217.16	257.13	320.99	511.84
Long-Term Investments	172.96	176.4	160.08	155.89	112.5
Goodwill	0.22	0.22	0.22	231.94	391.69
Other Intangible Assets	160.51	199.36	242.1	283.38	451.43
Long-Term Accounts Receivable	-	-	-	1.55	3.81
Long-Term Deferred Tax Assets	83.19	73.32	102.22	99.97	85.71
Long-Term Deferred Charges	25.86	34.45	71.2	93.84	119.53
Other Long-Term Assets	187.21	169.49	236.92	298.24	224.79
Total Assets	3,071	3,437	3,945	4,555	5,565
Accounts Payable	961.41	1,038	1,168	1,082	1,303
Accrued Expenses	29.25	147.32	167.96	162.52	73.36
Short-Term Debt	142.68	107.27	109.34	84.9	8
Current Portion of Long-Term Debt	517.69	74.77	86.52	179.8	345.65
Current Portion of Leases	-	7.77	14.82	25.97	100.91
Current Income Taxes Payable	45.16	14.52	20.06	23.57	34.62
Current Unearned Revenue	16.39	31.86	22.86	18.01	27.08
Other Current Liabilities	242.08	164.87	149.28	269.52	228.69
Total Current Liabilities	1,955	1,587	1,739	1,846	2,121
Long-Term Debt	589.39	1,093	1,185	1,148	1,205
Long-Term Leases	26.1	31	33.76	52.07	129.78
Long-Term Unearned Revenue	-	-	0.09	0.09	11.58
Long-Term Deferred Tax Liabilities	5.18	5.4	8.3	13.86	41.34
Other Long-Term Liabilities	10.37	8.92	9.93	9.57	9.21
Total Liabilities	2,586	2,724	2,976	3,069	3,518
Common Stock	1,148	1,148	1,148	1,148	1,148
Additional Paid-In Capital	1,607	1,607	1,607	1,608	1,609
Retained Earnings	-2,220	-2,005	-1,755	-1,248	-754.43
Comprehensive Income & Other	-	-	-8.59	-8.59	-8.59
Total Common Equity	534.73	749.46	990.99	1,500	1,993
Minority Interest	-49.37	-37.23	-22.31	-13.56	54.34
Shareholders' Equity	485.36	712.23	968.68	1,486	2,047
Total Liabilities & Equity	3,071	3,437	3,945	4,555	5,565
Total Debt	1,276	1,313	1,430	1,490	1,789
Net Cash (Debt)	-1,212	-1,228	-1,357	-1,375	-1,591
Net Cash Per Share	-1.07	-1.07	-1.18	-1.20	-1.38
Filing Date Shares Outstanding	1,041	1,148	1,148	1,148	1,148
Total Common Shares Outstanding	1,041	1,148	1,148	1,148	1,148
Working Capital	304.89	979.7	1,136	1,223	1,543
Book Value Per Share	0.51	0.65	0.86	1.31	1.74
Tangible Book Value	373.99	549.88	748.67	984.24	1,150
Tangible Book Value Per Share	0.36	0.48	0.65	0.86	1.00
Buildings	-	242.04	247.85	249.45	358.55
Machinery	-	316.48	345.63	391.56	760.91
Construction In Progress	-	1.46	-	0.49	34.44

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