SHE:002675 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	871.93	757.01	644.42	1,022	826.61
Trading Asset Securities	225.22	148.54	20.12	27.33	129.27
Cash & Short-Term Investments	1,097	905.55	664.53	1,049	955.88
Cash Growth	21.16%	36.27%	-36.65%	9.74%	14.64%
Accounts Receivable	989.89	936.24	794.08	883.53	875.48
Other Receivables	5.05	0.65	10.96	62.13	19.06
Receivables	994.94	936.89	805.04	945.66	894.55
Inventory	532.57	646.22	903.86	1,078	952.53
Other Current Assets	60.28	78.99	104.25	120.05	96.81
Total Current Assets	2,685	2,568	2,478	3,193	2,900
Property, Plant & Equipment	2,629	2,335	2,147	1,964	1,616
Long-Term Investments	383.91	356.05	212.92	191.1	243.37
Goodwill	2,491	2,501	2,544	2,330	2,373
Other Intangible Assets	281.68	252.54	219.44	226.06	191.41
Long-Term Deferred Tax Assets	134.66	94.89	88.03	63.71	58.61
Long-Term Deferred Charges	444.73	363.02	243	133.24	177.03
Other Long-Term Assets	173.43	164.82	150.37	76.69	96.54
Total Assets	9,224	8,635	8,082	8,177	7,656
Accounts Payable	583.93	588.41	876.02	1,332	1,052
Accrued Expenses	337.36	281.49	240.55	255.3	216.99
Short-Term Debt	252	490.23	372.97	391.47	365.96
Current Portion of Long-Term Debt	68.44	64.65	147.6	46.66	156.37
Current Portion of Leases	18.14	9.34	11.39	4.99	3.69
Current Income Taxes Payable	57.49	47.96	53.46	56.61	36.14
Current Unearned Revenue	87.1	106.01	114.25	108.82	68.47
Other Current Liabilities	231.55	165.87	135.48	197.72	143.11
Total Current Liabilities	1,636	1,754	1,952	2,393	2,043
Long-Term Debt	297.33	301.86	249.21	232.6	520.36
Long-Term Leases	140.4	33.88	11.07	7.53	2.89
Long-Term Unearned Revenue	192.28	196.79	236.97	240.27	47.33
Long-Term Deferred Tax Liabilities	22.69	17.41	18.1	18.63	16.76
Other Long-Term Liabilities	1,471	959.32	219.66	2.22	2.22
Total Liabilities	3,760	3,263	2,687	2,895	2,633
Common Stock	824.6	824.6	824.6	824.6	802.21
Additional Paid-In Capital	1,700	1,998	2,341	2,402	2,317
Retained Earnings	1,814	1,643	1,603	1,517	1,290
Comprehensive Income & Other	11.81	14.84	6.86	4.84	-11.78
Total Common Equity	4,350	4,480	4,775	4,749	4,397
Minority Interest	1,114	891.02	620.22	533.66	626.35
Shareholders' Equity	5,464	5,371	5,396	5,282	5,024
Total Liabilities & Equity	9,224	8,635	8,082	8,177	7,656
Total Debt	776.32	899.96	792.23	683.25	1,049
Net Cash (Debt)	320.83	5.59	-127.7	365.7	-93.39
Net Cash Growth	5638.53%	-	-	-	-
Net Cash Per Share	0.39	0.01	-0.15	0.45	-0.12
Filing Date Shares Outstanding	824.6	824.6	824.6	824.6	802.21
Total Common Shares Outstanding	824.6	824.6	824.6	824.6	802.21
Working Capital	1,049	813.69	525.96	799.34	856.82
Book Value Per Share	5.28	5.43	5.79	5.76	5.48
Tangible Book Value	1,577	1,727	2,012	2,193	1,833
Tangible Book Value Per Share	1.91	2.09	2.44	2.66	2.28
Buildings	1,617	1,490	1,196	1,119	869.32
Machinery	1,291	1,162	943.15	870.18	747.8
Construction In Progress	639.8	567.91	780.03	641.37	561.05

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