SHE:002742 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	114.49	88.87	91.46	117.74	180.03
Cash & Short-Term Investments	114.49	88.87	91.46	117.74	180.03
Cash Growth	28.83%	-2.83%	-22.32%	-34.60%	-47.92%
Accounts Receivable	115.47	614.8	1,047	1,185	1,427
Other Receivables	0.34	12.17	113.6	103.81	79.32
Receivables	115.82	626.97	1,161	1,289	1,506
Inventory	157.88	229.04	258.03	268.17	278.93
Other Current Assets	5.31	192.85	207.24	87.63	79.51
Total Current Assets	393.5	1,138	1,717	1,762	2,045
Property, Plant & Equipment	469.8	885.36	1,167	1,277	1,323
Long-Term Investments	0.05	0.05	0.05	0.05	0.05
Goodwill	184.43	311.22	492.98	492.98	492.98
Other Intangible Assets	132.51	244.87	420.33	450.13	448.6
Long-Term Deferred Tax Assets	10	17.84	12.65	23.33	26.9
Long-Term Deferred Charges	5.33	14.39	9.72	13.32	17.24
Other Long-Term Assets	0.14	14.59	21.02	21.39	59.61
Total Assets	1,196	2,626	3,841	4,041	4,413
Accounts Payable	151.38	544.65	852.76	796.43	1,045
Accrued Expenses	15.58	290.24	163.03	95.31	73.66
Short-Term Debt	57.32	1,358	1,379	1,276	1,160
Current Portion of Long-Term Debt	24.57	392.27	394.88	395.38	133.28
Current Income Taxes Payable	18.53	16.61	40.7	25.81	9.85
Current Unearned Revenue	19.15	57.24	44.02	98.93	53.46
Other Current Liabilities	34.49	106.3	302.99	236.65	232.12
Total Current Liabilities	321.04	2,765	3,177	2,925	2,707
Long-Term Debt	444.21	-	-	-	268
Long-Term Leases	-	-	-	-	3.64
Long-Term Unearned Revenue	55.67	57.58	61.15	65.29	67.55
Other Long-Term Liabilities	135.54	32.16	45.06	59.16	53.69
Total Liabilities	956.46	2,855	3,283	3,049	3,100
Common Stock	684.1	432	432	432	432
Additional Paid-In Capital	679.56	254.17	254.17	254.17	254.64
Retained Earnings	-1,195	-775.6	-125.47	326.57	644.46
Comprehensive Income & Other	-	-322.38	-215.41	-210.43	-210.26
Total Common Equity	168.38	-411.81	345.29	802.31	1,121
Minority Interest	70.92	182.8	212.47	189.34	192.43
Shareholders' Equity	239.3	-229.01	557.76	991.65	1,313
Total Liabilities & Equity	1,196	2,626	3,841	4,041	4,413
Total Debt	526.1	1,750	1,774	1,672	1,565
Net Cash (Debt)	-411.61	-1,661	-1,682	-1,554	-1,385
Net Cash Per Share	-0.60	-3.83	-3.91	-3.62	-3.21
Filing Date Shares Outstanding	1,456	432	432	432	432
Total Common Shares Outstanding	1,456	432	432	432	432
Working Capital	72.45	-1,628	-1,460	-1,163	-662.4
Book Value Per Share	0.12	-0.95	0.80	1.86	2.59
Tangible Book Value	-148.56	-967.9	-568.03	-140.8	179.26
Tangible Book Value Per Share	-0.10	-2.24	-1.31	-0.33	0.41
Buildings	-	865.12	881.84	792.89	788.52
Machinery	-	1,145	1,173	1,202	1,188
Construction In Progress	-	12.68	205.56	301.58	277.64

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