SHE:002765 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Cash & Equivalents	815.45	710.18	675.38	650.8	489.92
Trading Asset Securities	-	-	-	1.94	16.88
Cash & Short-Term Investments	815.45	710.18	675.38	652.74	506.8
Cash Growth	14.82%	5.15%	3.47%	28.80%	11.76%
Accounts Receivable	1,371	1,269	941	870.23	998.48
Other Receivables	21.09	8.81	6.42	25.35	18.4
Receivables	1,392	1,277	947.66	895.57	1,018
Inventory	835.5	730.72	759.71	646.28	736.69
Prepaid Expenses	-	-	4.65	3.91	-
Other Current Assets	66.94	73.67	103.98	43.14	57.05
Total Current Assets	3,110	2,792	2,491	2,242	2,319
Property, Plant & Equipment	2,177	1,990	1,745	1,241	1,097
Long-Term Investments	8.54	3.79	3.9	4.06	4.64
Goodwill	131.67	131.67	131.67	501.17	501.17
Other Intangible Assets	249.61	261.62	278.38	261.87	273.82
Long-Term Deferred Tax Assets	120.55	117.59	127.02	116.85	108.57
Long-Term Deferred Charges	73.8	75.51	94.19	38.01	32.89
Other Long-Term Assets	125.51	103.03	207.65	345.95	36.39
Total Assets	5,997	5,476	5,079	4,751	4,373
Accounts Payable	1,570	1,400	1,319	933.93	1,003
Accrued Expenses	54.8	73.38	64.57	53.74	89.2
Short-Term Debt	439.01	341.14	240.95	437.1	304.25
Current Portion of Long-Term Debt	220.96	195.72	42.05	45	20
Current Portion of Leases	-	12.38	11.59	26.26	22.38
Current Income Taxes Payable	20.61	0.85	2.17	5	14.64
Current Unearned Revenue	11.49	9.48	8.25	44.55	9.92
Other Current Liabilities	16.18	52.78	28.7	43.99	48.3
Total Current Liabilities	2,333	2,085	1,718	1,590	1,512
Long-Term Debt	525.15	420.61	438.99	284.29	145
Long-Term Leases	27.77	12.39	22.85	32.4	36.76
Long-Term Unearned Revenue	213.04	212.23	243.77	289.28	339.54
Long-Term Deferred Tax Liabilities	14.87	15.23	18.6	23	1.62
Other Long-Term Liabilities	239.98	239.98	239.98	239.98	251
Total Liabilities	3,354	2,986	2,682	2,459	2,286
Common Stock	652.13	652.13	655.79	583.05	582.63
Additional Paid-In Capital	1,538	1,546	1,555	1,087	1,065
Retained Earnings	452.84	268.04	176.37	573.86	418.56
Treasury Stock	-	-	-12.68	-26.87	-25.78
Total Common Equity	2,643	2,466	2,375	2,217	2,041
Minority Interest	0.23	23.23	22.19	75.22	46.71
Shareholders' Equity	2,643	2,490	2,397	2,292	2,088
Total Liabilities & Equity	5,997	5,476	5,079	4,751	4,373
Total Debt	1,213	982.25	756.43	825.06	528.39
Net Cash (Debt)	-397.43	-272.07	-81.05	-172.32	-21.59
Net Cash Per Share	-0.60	-0.42	-0.13	-0.30	-0.04
Filing Date Shares Outstanding	683.43	652.13	702.54	649.13	575.18
Total Common Shares Outstanding	683.43	652.13	702.54	575	575.18
Working Capital	777.37	706.55	773.75	652.07	806.94
Book Value Per Share	3.87	3.78	3.38	3.86	3.55
Tangible Book Value	2,261	2,073	1,965	1,454	1,266
Tangible Book Value Per Share	3.31	3.18	2.80	2.53	2.20
Buildings	-	486.3	348.9	347.36	338.84
Machinery	-	2,477	2,229	1,598	1,470
Construction In Progress	-	201.55	133.64	128.33	45.45

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