SHE:002634 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	Dec '21 Dec 31, 2021
Cash & Equivalents	164.93	302.72	1,077	573.62	198.3
Trading Asset Securities	-	-	210.54	43	-
Cash & Short-Term Investments	164.93	302.72	1,287	616.62	198.3
Cash Growth	-45.52%	-76.48%	108.74%	210.95%	14.20%
Accounts Receivable	102.2	120.03	458.17	81.72	68.26
Other Receivables	25.6	58.74	28.53	6.59	5.48
Receivables	127.81	178.77	486.7	88.32	73.73
Inventory	113.19	148.9	166.03	57.1	98.06
Prepaid Expenses	-	0.01	0.01	1.81	0.16
Other Current Assets	185.05	181.91	186.44	107.46	21.9
Total Current Assets	590.97	812.31	2,126	871.3	392.15
Property, Plant & Equipment	1,312	2,215	2,582	219.17	350.04
Long-Term Investments	163.91	156.83	152.85	150.95	199.85
Other Intangible Assets	17.91	18.3	20.59	20.4	40.96
Long-Term Deferred Tax Assets	0.98	1.97	4.18	5.92	3.31
Long-Term Deferred Charges	7.02	15.78	20.44	5.47	1.23
Other Long-Term Assets	53.38	56.64	23.04	18.29	100.49
Total Assets	2,147	3,277	4,929	1,291	1,088
Accounts Payable	819.76	839.4	1,707	88.4	133.46
Accrued Expenses	33.97	37.11	52.68	22.09	24.1
Short-Term Debt	258.72	432.67	221.73	100.1	70.08
Current Portion of Long-Term Debt	643.19	109.42	258.16	-	-
Current Portion of Leases	-	63.73	43.64	4.02	2.57
Current Income Taxes Payable	5.64	0.78	0.46	5.4	2.15
Current Unearned Revenue	9.84	2.97	15.39	108.75	12.67
Other Current Liabilities	841.96	435.57	197.86	13.7	3.53
Total Current Liabilities	2,613	1,922	2,497	342.47	248.57
Long-Term Debt	12.09	368.54	320.53	-	-
Long-Term Leases	376.13	441.9	449.46	18.92	9.63
Long-Term Unearned Revenue	5.04	148.02	104.61	2.49	3.11
Long-Term Deferred Tax Liabilities	8.66	8.06	6.85	6.18	7.81
Other Long-Term Liabilities	64.23	167.29	127.1	0.23	-
Total Liabilities	3,079	3,055	3,506	370.29	269.12
Common Stock	459.35	459.35	474.07	459.35	459.35
Additional Paid-In Capital	142.54	177.41	323.71	17.57	6.81
Retained Earnings	-1,307	-317.82	357.82	446.25	367.16
Treasury Stock	-42.23	-42.23	-80.4	-24.23	-41.76
Comprehensive Income & Other	25.75	23.14	20.4	17.67	22.89
Total Common Equity	-721.13	299.84	1,096	916.61	814.45
Minority Interest	-211.56	-78.59	327.59	4.59	4.45
Shareholders' Equity	-932.69	221.26	1,423	921.2	818.91
Total Liabilities & Equity	2,147	3,277	4,929	1,291	1,088
Total Debt	1,290	1,416	1,294	123.04	82.28
Net Cash (Debt)	-1,125	-1,114	-6.4	493.58	116.02
Net Cash Growth	-	-	-	325.41%	2.16%
Net Cash Per Share	-2.45	-2.45	-0.01	1.08	0.25
Filing Date Shares Outstanding	488.63	449.74	445.69	403.47	452.75
Total Common Shares Outstanding	488.63	449.74	445.69	403.47	452.75
Working Capital	-2,022	-1,109	-370.86	528.84	143.58
Book Value Per Share	-1.48	0.67	2.46	2.27	1.80
Tangible Book Value	-739.03	281.54	1,075	896.22	773.5
Tangible Book Value Per Share	-1.51	0.63	2.41	2.22	1.71
Buildings	-	159.2	163.53	163.71	236.26
Machinery	-	1,167	577.61	265.25	252.5
Construction In Progress	-	807.25	1,612	4.22	89.21

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