SHE:002822 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	602.55	236.89	641.4	1,339	1,796
Trading Asset Securities	44.88	7.03	7.33	157.19	210.71
Cash & Short-Term Investments	647.42	243.92	648.73	1,496	2,007
Cash Growth	165.43%	-62.40%	-56.63%	-25.45%	52.32%
Accounts Receivable	126.88	3,547	4,943	5,626	5,297
Other Receivables	47.67	209.24	156.01	195.86	117.93
Receivables	174.55	3,756	5,100	5,822	5,415
Inventory	-	524.03	526.18	471.99	371.68
Other Current Assets	23.82	58.35	77.8	90.29	55.01
Total Current Assets	845.79	4,583	6,352	7,880	7,848
Property, Plant & Equipment	351.67	822.26	950.63	912.51	550.7
Long-Term Investments	54.76	71.87	78.33	94.86	106.6
Goodwill	103.29	140.26	176.36	185.48	93.2
Other Intangible Assets	149.2	224.52	254.23	283.94	312.38
Long-Term Deferred Tax Assets	5.98	11.24	20.47	15.64	4.43
Long-Term Deferred Charges	0.89	2.45	4.4	7.15	1.35
Other Long-Term Assets	10.74	256.11	270.55	229.81	278.38
Total Assets	1,522	6,111	8,107	9,610	9,195
Accounts Payable	83.87	1,422	1,545	1,632	1,364
Accrued Expenses	48.49	580.09	410.74	563.96	388.44
Short-Term Debt	26.26	1,077	1,025	1,681	1,778
Current Portion of Long-Term Debt	-	224.87	51.24	50.25	43.09
Current Portion of Leases	-	3.46	5.33	9.05	26.56
Current Income Taxes Payable	12.51	6.76	7.87	11.96	20.39
Current Unearned Revenue	19.18	65.91	119.49	142.09	217.53
Other Current Liabilities	185.42	473.52	636.25	406.13	412.74
Total Current Liabilities	375.75	3,854	3,801	4,496	4,251
Long-Term Debt	-	1,155	1,347	1,156	940.62
Long-Term Leases	-	29.16	29.85	238.41	243.86
Long-Term Unearned Revenue	2.09	2.37	2.65	2.97	3.31
Long-Term Deferred Tax Liabilities	1.52	6.67	9.73	14.71	0.75
Other Long-Term Liabilities	36.14	32.64	71.16	32.98	7.5
Total Liabilities	415.49	5,079	5,261	5,941	5,447
Common Stock	1,951	728.23	713.63	713.64	720.54
Additional Paid-In Capital	3,489	1,323	1,256	1,270	1,301
Retained Earnings	-4,329	-1,159	628.37	1,332	1,419
Treasury Stock	-21.09	-5	-5	-5.19	-32.48
Comprehensive Income & Other	-0.73	207.4	222.11	230.77	231.45
Total Common Equity	1,088	1,095	2,815	3,542	3,639
Minority Interest	18.37	-62.93	31.29	126.85	109
Shareholders' Equity	1,107	1,032	2,846	3,668	3,748
Total Liabilities & Equity	1,522	6,111	8,107	9,610	9,195
Total Debt	26.26	2,489	2,458	3,134	3,032
Net Cash (Debt)	621.17	-2,245	-1,810	-1,638	-1,025
Net Cash Per Share	0.35	-3.14	-2.53	-2.93	-1.42
Filing Date Shares Outstanding	4,913	710.05	752.56	712.7	743.87
Total Common Shares Outstanding	4,913	710.05	752.56	712.7	743.87
Working Capital	470.05	728.83	2,551	3,384	3,597
Book Value Per Share	0.22	1.54	3.74	4.97	4.89
Tangible Book Value	835.96	730.05	2,384	3,072	3,234
Tangible Book Value Per Share	0.17	1.03	3.17	4.31	4.35
Buildings	-	448.58	448.26	352.81	291.25
Machinery	-	149.03	159.93	125.9	79.55
Construction In Progress	-	394.22	487.84	541.33	255.41

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