SHE:002820 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	387.33	250.61	641.22	597.71	263.83
Trading Asset Securities	-	160	-	-	404.58
Cash & Short-Term Investments	387.33	410.61	641.22	597.71	668.4
Cash Growth	-5.67%	-35.96%	7.28%	-10.58%	-0.29%
Accounts Receivable	10.18	14.34	14.86	16.25	15.06
Other Receivables	5.12	5.23	3.81	10.26	11.52
Receivables	15.3	19.58	18.67	26.51	26.58
Inventory	50.69	53.21	41.95	37.3	45.96
Other Current Assets	15.98	27.84	17.72	12.78	19.63
Total Current Assets	469.31	511.24	719.55	674.29	760.57
Property, Plant & Equipment	410.55	422.47	274.06	290.5	313.11
Long-Term Investments	0.14	0.11	0.12	0.11	0.11
Goodwill	3.3	3.3	3.3	3.3	3.3
Other Intangible Assets	34.07	35.48	34.8	35.8	37.07
Long-Term Deferred Tax Assets	4.35	3.94	4.1	3.74	4.15
Long-Term Deferred Charges	35.21	30.71	22.44	25.12	35
Total Assets	956.92	1,007	1,058	1,033	1,153
Accounts Payable	21.21	28.56	20.55	14.04	18.87
Accrued Expenses	12.05	5.21	5.99	5.02	3.81
Current Portion of Leases	15.91	14.57	15.82	21.81	24.31
Current Income Taxes Payable	0.02	0.48	0.05	0.02	0.74
Current Unearned Revenue	1.94	1.89	1.89	2.58	4.3
Other Current Liabilities	6.09	5.15	5.91	4.73	6.19
Total Current Liabilities	57.22	55.85	50.22	48.2	58.23
Long-Term Leases	27.76	24.54	17.85	24.62	32.85
Long-Term Unearned Revenue	3.61	4.83	6.02	7.26	8.69
Long-Term Deferred Tax Liabilities	1.87	1.76	2.02	1.43	0.01
Total Liabilities	90.45	86.98	76.1	81.5	99.79
Common Stock	200.87	200.87	200.87	200.87	204.8
Additional Paid-In Capital	437.74	437.74	437.74	437.74	484.79
Retained Earnings	277.81	331.64	343.63	312.73	414.88
Treasury Stock	-50	-50	-	-	-50.99
Comprehensive Income & Other	0.05	0.03	0.03	0.03	0.04
Shareholders' Equity	866.47	920.28	982.27	951.37	1,054
Total Liabilities & Equity	956.92	1,007	1,058	1,033	1,153
Total Debt	43.67	39.1	33.67	46.43	57.16
Net Cash (Debt)	343.66	371.51	607.55	551.28	611.24
Net Cash Growth	-7.50%	-38.85%	10.21%	-9.81%	-8.82%
Net Cash Per Share	1.82	1.92	2.99	2.74	3.16
Filing Date Shares Outstanding	195.34	195.34	195.34	200.87	200.87
Total Common Shares Outstanding	195.34	195.34	200.87	200.87	200.87
Working Capital	412.08	455.39	669.34	626.1	702.34
Book Value Per Share	4.44	4.71	4.89	4.74	5.24
Tangible Book Value	829.1	881.5	944.17	912.27	1,013
Tangible Book Value Per Share	4.24	4.51	4.70	4.54	5.04
Buildings	365.76	358.37	192.26	177.63	177.63
Machinery	106.6	105.9	93.49	95.07	94.69
Construction In Progress	9.15	15.77	43.86	57.1	56.41

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