SHE:002827 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	-	534.36	738.8	423.68	190.78
Cash & Short-Term Investments	873.82	534.36	738.8	423.68	190.78
Cash Growth	63.53%	-27.67%	74.38%	122.07%	1.72%
Accounts Receivable	-	1,085	882.13	679.34	447.17
Other Receivables	-	20.99	24.11	18.37	19.56
Receivables	-	1,106	906.24	697.71	466.74
Inventory	-	90.54	92.97	87.8	52.3
Prepaid Expenses	-	3.5	1.42	1.61	0.15
Other Current Assets	-	63.58	16.65	17.25	14.11
Total Current Assets	-	1,798	1,756	1,228	724.08
Property, Plant & Equipment	-	620.58	669.66	687.47	684.23
Long-Term Investments	-	10.94	32.05	17.17	17.15
Goodwill	-	14.02	47.6	63	59.12
Other Intangible Assets	-	90.18	88.19	93.96	75.06
Long-Term Deferred Tax Assets	-	19.98	18.76	14.74	10.86
Long-Term Deferred Charges	-	14.13	13.44	8.05	8.1
Other Long-Term Assets	-	3.74	1.77	7.48	28.87
Total Assets	-	2,571	2,628	2,120	1,607
Accounts Payable	-	169.81	247.91	215.76	192.77
Accrued Expenses	-	95.03	111.08	75.73	57.72
Short-Term Debt	-	165.6	249.9	170.48	113.8
Current Portion of Long-Term Debt	-	416.48	124.71	96.24	97.14
Current Portion of Leases	-	3.09	5.85	7.79	2.51
Current Income Taxes Payable	-	7.95	8.89	1.81	4.89
Current Unearned Revenue	-	4.89	9.63	8.57	9.37
Other Current Liabilities	-	75.96	65.05	73.39	33.55
Total Current Liabilities	-	938.81	823.03	649.79	511.75
Long-Term Debt	-	424.41	712.34	423.97	127.91
Long-Term Leases	-	1.37	1.5	7.71	2.9
Long-Term Unearned Revenue	-	2.41	2.61	3.15	3.7
Long-Term Deferred Tax Liabilities	-	5.3	7	9.08	5.3
Other Long-Term Liabilities	-	12.6	21.88	29.41	29.75
Total Liabilities	-	1,385	1,568	1,123	681.3
Common Stock	-	276	276	276	276
Additional Paid-In Capital	-	282.95	282.95	282.95	277.7
Retained Earnings	-	357.92	251.15	194.79	182.76
Comprehensive Income & Other	-	9.1	9.97	18.11	29.46
Total Common Equity	1,014	925.97	820.08	771.85	765.93
Minority Interest	-	260.36	239.11	224.96	160.24
Shareholders' Equity	1,278	1,186	1,059	996.81	926.17
Total Liabilities & Equity	-	2,571	2,628	2,120	1,607
Total Debt	1,257	1,011	1,094	706.2	344.26
Net Cash (Debt)	-383.32	-476.59	-355.5	-282.52	-153.47
Net Cash Per Share	-1.38	-1.74	-1.27	-1.00	-0.55
Filing Date Shares Outstanding	277.05	276	276	276	276
Total Common Shares Outstanding	277.05	276	276	276	276
Working Capital	-	858.84	933.06	578.26	212.33
Book Value Per Share	3.68	3.35	2.97	2.80	2.78
Tangible Book Value	913.05	821.76	684.29	614.89	631.75
Tangible Book Value Per Share	3.31	2.98	2.48	2.23	2.29
Buildings	-	551.85	525.7	517.15	525.35
Machinery	-	445.15	430.48	409.85	367.72
Construction In Progress	-	14.1	43.29	23.4	6.03

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