SHE:002741 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	743.87	639.25	328.63	330.38	236.37
Trading Asset Securities	-	100.16	-	-	-
Cash & Short-Term Investments	743.87	739.4	328.63	330.38	236.37
Cash Growth	0.60%	124.99%	-0.53%	39.77%	-8.37%
Accounts Receivable	1,068	882.55	813.67	847.53	956.46
Other Receivables	38.62	6.2	12.56	9.62	11.9
Receivables	1,106	888.74	826.23	857.15	968.35
Inventory	302.14	238.11	269.95	762.01	489.95
Other Current Assets	202.92	206.46	187.99	180.91	146.06
Total Current Assets	2,355	2,073	1,613	2,130	1,841
Property, Plant & Equipment	1,122	1,161	1,338	1,293	1,036
Long-Term Investments	6.77	3.93	0.66	40.66	0.71
Other Intangible Assets	40.25	83.34	85.61	102.41	24.02
Long-Term Deferred Tax Assets	158.54	166.11	172.72	90.23	32.55
Long-Term Deferred Charges	40.2	13.46	19.28	20.99	15.18
Other Long-Term Assets	46.82	10.99	13.35	50.74	82.62
Total Assets	3,770	3,511	3,242	3,729	3,032
Accounts Payable	661.09	543.5	648.03	660.16	579.31
Accrued Expenses	36.79	86.36	80.32	77.82	76.92
Short-Term Debt	723.68	573.95	485.37	539.96	452.06
Current Portion of Long-Term Debt	0.75	-	50.47	15.09	24.13
Current Portion of Leases	-	17.67	6.48	31.95	41.8
Current Income Taxes Payable	10.69	-	-	-	0.12
Current Unearned Revenue	13.82	15.82	3.72	5.99	5.49
Other Current Liabilities	256.78	225.97	247.45	234.27	196.05
Total Current Liabilities	1,704	1,463	1,522	1,565	1,376
Long-Term Debt	74.97	149.98	311.7	331.91	7.76
Long-Term Leases	0.05	1.49	9.69	8.09	33.84
Long-Term Unearned Revenue	36.42	32.99	26.62	26.02	31.8
Long-Term Deferred Tax Liabilities	16.8	18.02	24.01	26.79	-
Other Long-Term Liabilities	-	12.5	-	-	-
Total Liabilities	1,832	1,678	1,894	1,958	1,449
Common Stock	465.02	465.02	399.48	398.32	393.36
Additional Paid-In Capital	1,298	1,298	674.95	667.64	586.19
Retained Earnings	171.99	68.09	273.03	703.75	598.68
Comprehensive Income & Other	1.12	0.99	-0.03	-0.01	0.53
Total Common Equity	1,936	1,832	1,347	1,770	1,579
Minority Interest	1.39	0.61	0.77	0.99	3.77
Shareholders' Equity	1,938	1,833	1,348	1,771	1,583
Total Liabilities & Equity	3,770	3,511	3,242	3,729	3,032
Total Debt	799.45	743.08	863.71	927	559.58
Net Cash (Debt)	-55.58	-3.68	-535.08	-596.62	-323.21
Net Cash Per Share	-0.12	-0.01	-1.34	-1.48	-0.83
Filing Date Shares Outstanding	494.24	465.02	399.48	398.32	393.36
Total Common Shares Outstanding	494.24	465.02	399.48	398.32	393.36
Working Capital	651.57	609.45	90.96	565.2	464.85
Book Value Per Share	3.92	3.94	3.37	4.44	4.01
Tangible Book Value	1,896	1,749	1,262	1,667	1,555
Tangible Book Value Per Share	3.84	3.76	3.16	4.19	3.95
Buildings	-	598.35	601.28	541.97	468.48
Machinery	-	950.71	1,002	914.56	592.47
Construction In Progress	-	23.85	61.68	49.33	112.55

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