SHE:002638 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	525.37	194.1	479.48	257.65	768
Trading Asset Securities	671.69	707.67	469.05	640.4	-
Cash & Short-Term Investments	1,197	901.77	948.52	898.05	768
Cash Growth	32.75%	-4.93%	5.62%	16.93%	-25.95%
Accounts Receivable	235.41	254.99	277.88	298.01	338.59
Other Receivables	31.6	17.18	12.56	33.81	131.86
Receivables	267.01	272.18	290.44	331.82	470.45
Inventory	122.68	138.02	164.75	267.83	471.66
Other Current Assets	133.17	152.27	170.82	170.68	184.72
Total Current Assets	1,720	1,464	1,575	1,668	1,895
Property, Plant & Equipment	198.44	495.38	526.65	536.08	723.15
Long-Term Investments	161.37	269.1	315.45	358.6	382.88
Other Intangible Assets	43.65	237.55	272.43	293.78	283.79
Long-Term Accounts Receivable	-	-	-	-	58.97
Long-Term Deferred Tax Assets	65.65	70.39	70.38	68.35	78.06
Long-Term Deferred Charges	10.31	5.25	13.98	6.42	29.78
Other Long-Term Assets	30.32	30.89	18.52	65.77	26.76
Total Assets	2,230	2,573	2,792	2,997	3,478
Accounts Payable	114.93	129.18	80.29	61.61	141.3
Accrued Expenses	51.42	49.62	47.62	45.2	97.92
Current Portion of Leases	3.88	5.99	0.57	-	57.27
Current Income Taxes Payable	1.56	1.47	1.42	4.97	11.46
Current Unearned Revenue	24.33	23.64	24.09	48.85	218.68
Other Current Liabilities	83.28	77.66	71.35	24.89	45.36
Total Current Liabilities	279.39	287.55	225.35	185.53	571.99
Long-Term Leases	0.49	3.16	0.47	-	118.54
Long-Term Unearned Revenue	32.45	36.65	40.85	47.11	54.14
Long-Term Deferred Tax Liabilities	0.49	1.35	0.04	-	-
Other Long-Term Liabilities	4.1	5.37	6.21	7.15	8.11
Total Liabilities	316.93	334.09	272.91	239.78	752.78
Common Stock	1,437	1,437	1,446	1,506	1,506
Additional Paid-In Capital	3,364	3,364	3,382	3,476	3,476
Retained Earnings	-2,856	-2,529	-2,280	-2,220	-2,256
Treasury Stock	-30.05	-30.05	-27.52	-	-
Comprehensive Income & Other	-1.64	-2.83	-1.91	-5.43	-1.58
Total Common Equity	1,913	2,238	2,519	2,757	2,725
Minority Interest	0.21	0.23	0.24	0.25	0.27
Shareholders' Equity	1,913	2,239	2,519	2,758	2,725
Total Liabilities & Equity	2,230	2,573	2,792	2,997	3,478
Total Debt	4.37	9.15	1.04	-	175.81
Net Cash (Debt)	1,193	892.62	947.48	898.05	592.18
Net Cash Growth	33.62%	-5.79%	5.50%	51.65%	-42.90%
Net Cash Per Share	0.84	0.61	0.64	0.62	0.39
Filing Date Shares Outstanding	1,420	1,420	1,437	1,506	1,506
Total Common Shares Outstanding	1,420	1,420	1,437	1,506	1,506
Working Capital	1,441	1,177	1,349	1,483	1,323
Book Value Per Share	1.35	1.58	1.75	1.83	1.81
Tangible Book Value	1,869	2,001	2,246	2,464	2,441
Tangible Book Value Per Share	1.32	1.41	1.56	1.64	1.62
Buildings	-	-	150.29	173.31	182.2
Machinery	131.61	128.31	152.55	173.44	181.83
Construction In Progress	116.52	404.97	412.31	404.59	400.32

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