SHE:002678 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	689.38	841.3	1,157	1,480	1,636
Trading Asset Securities	88	100	318	621.81	405.59
Cash & Short-Term Investments	777.38	941.3	1,475	2,102	2,042
Cash Growth	-17.41%	-36.19%	-29.82%	2.94%	5.79%
Accounts Receivable	96.89	47.85	40.18	54.45	64.86
Other Receivables	12.74	34.58	54.07	33.3	18.16
Receivables	109.62	82.44	94.25	87.75	83.03
Inventory	1,003	1,171	1,267	1,145	1,030
Prepaid Expenses	-	0.38	2.57	0.65	0.23
Other Current Assets	42.14	28.31	17.56	22.95	35.26
Total Current Assets	1,932	2,223	2,856	3,359	3,191
Property, Plant & Equipment	909.59	915.96	831.23	859.46	906.36
Long-Term Investments	299.48	294.2	302.85	312.88	310.55
Goodwill	-	-	18.16	17.15	16.68
Other Intangible Assets	261.78	151.89	152.6	158.4	164.7
Long-Term Deferred Tax Assets	62.98	85.17	59.32	66.55	64.34
Long-Term Deferred Charges	3.81	1.08	1.76	0.89	0.94
Other Long-Term Assets	349.16	314.88	334.64	343.9	366.62
Total Assets	3,819	3,986	4,557	5,118	5,021
Accounts Payable	60.52	76.91	200.96	472.49	445.07
Accrued Expenses	44.4	46.49	76.21	70.51	85.11
Short-Term Debt	55.12	74.76	256.89	500.91	358.43
Current Portion of Long-Term Debt	32.05	0.1	50.04	7.74	-
Current Portion of Leases	-	7.18	9.13	-	6.46
Current Income Taxes Payable	6.13	0.11	0.33	0.87	9.26
Current Unearned Revenue	45	53.42	75.25	110.7	159.84
Other Current Liabilities	63.85	52.88	68.23	76.51	148.53
Total Current Liabilities	307.06	311.84	737.02	1,240	1,213
Long-Term Debt	215.84	123.4	-	50	50
Long-Term Leases	24.71	32.21	33.04	19.19	18.21
Long-Term Unearned Revenue	32.32	34.35	39.04	34.54	36.88
Pension & Post-Retirement Benefits	-	14.18	15.52	21.67	20.72
Long-Term Deferred Tax Liabilities	1.12	1.37	2.93	5.09	5.31
Other Long-Term Liabilities	115.51	0.16	0.92	1.18	0.39
Total Liabilities	696.57	517.51	828.47	1,371	1,344
Common Stock	1,358	1,360	1,361	1,363	1,358
Additional Paid-In Capital	981.18	984.74	989.6	994.02	981.28
Retained Earnings	704.37	1,078	1,317	1,349	1,284
Treasury Stock	-	-5.05	-10.37	-17.29	-
Comprehensive Income & Other	54.87	32.93	42.87	25.28	21.22
Total Common Equity	3,099	3,451	3,700	3,714	3,645
Minority Interest	23.7	17.84	28.1	32.28	31.96
Shareholders' Equity	3,122	3,469	3,728	3,747	3,677
Total Liabilities & Equity	3,819	3,986	4,557	5,118	5,021
Total Debt	327.72	237.64	349.09	577.84	433.11
Net Cash (Debt)	449.66	703.66	1,126	1,524	1,609
Net Cash Growth	-36.10%	-37.51%	-26.12%	-5.27%	7.98%
Net Cash Per Share	0.34	0.51	0.77	1.11	1.18
Filing Date Shares Outstanding	1,251	1,360	1,361	1,370	1,358
Total Common Shares Outstanding	1,251	1,360	1,361	1,370	1,358
Working Capital	1,625	1,911	2,119	2,119	1,978
Book Value Per Share	2.48	2.54	2.72	2.71	2.68
Tangible Book Value	2,837	3,299	3,529	3,539	3,463
Tangible Book Value Per Share	2.27	2.43	2.59	2.58	2.55
Buildings	-	919.22	920.71	900.13	896.89
Machinery	-	630.32	652.96	646.72	634.17
Construction In Progress	-	172.1	20.58	15.39	8.33

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