SHE:002842 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	435.43	135.55	114.55	150.88	243.71
Trading Asset Securities	-	-	-	-	0.5
Cash & Short-Term Investments	435.43	135.55	114.55	150.88	244.22
Cash Growth	221.25%	18.33%	-24.08%	-38.22%	5.08%
Accounts Receivable	207.96	375.27	369.2	387.08	317.8
Other Receivables	2.03	0.02	3.06	8.77	8.01
Receivables	209.99	375.53	372.49	395.84	325.8
Inventory	1,209	717.69	710.24	737.21	767.7
Prepaid Expenses	-	0.01	0.32	0.55	0.88
Other Current Assets	150.23	43.14	31.85	4.35	91.93
Total Current Assets	2,004	1,272	1,229	1,289	1,431
Property, Plant & Equipment	643.83	633.92	708.02	745.82	777.53
Long-Term Investments	11.08	13.76	13.76	13.76	13.76
Goodwill	3.6	3.6	3.6	28.81	46.9
Other Intangible Assets	96.33	100.02	110.03	113.24	116
Long-Term Deferred Tax Assets	6.12	20.03	10.97	8.74	10
Long-Term Deferred Charges	8.03	11.13	13.13	14.14	18.18
Other Long-Term Assets	31.89	7.3	26.05	13.07	12.37
Total Assets	2,805	2,062	2,115	2,226	2,425
Accounts Payable	469.4	327.8	297.03	319.84	446.46
Accrued Expenses	4.92	6.14	6.06	11.52	5.54
Short-Term Debt	595.49	529.04	475.71	399.05	386.29
Current Portion of Long-Term Debt	86.19	29.66	82.39	102.08	39.8
Current Portion of Leases	-	-	-	0.2	0.69
Current Income Taxes Payable	11.02	1.27	-	0.02	1.57
Current Unearned Revenue	183.16	3.55	4.85	1.02	6.3
Other Current Liabilities	23.48	1.66	8.33	15.48	26.85
Total Current Liabilities	1,374	899.12	874.37	849.21	913.5
Long-Term Debt	160.71	385.6	405.84	407.49	492.4
Long-Term Leases	-	-	-	0.34	-
Long-Term Unearned Revenue	8.55	12.3	11.01	12.22	6.71
Long-Term Deferred Tax Liabilities	0.09	0.1	0.1	0.65	0.36
Other Long-Term Liabilities	55.01	-	-	-	-
Total Liabilities	1,598	1,297	1,291	1,270	1,413
Common Stock	327.17	278.62	276.24	277.68	277.67
Additional Paid-In Capital	548.91	240.82	221.99	230.07	222.34
Retained Earnings	296.1	152.39	241.9	371.02	439.88
Treasury Stock	-	-	-7.41	-15.05	-25.17
Comprehensive Income & Other	34.88	92.74	90.95	92.8	97.6
Total Common Equity	1,207	764.57	823.68	956.51	1,012
Shareholders' Equity	1,207	764.57	823.68	956.51	1,012
Total Liabilities & Equity	2,805	2,062	2,115	2,226	2,425
Total Debt	842.39	944.31	963.94	909.16	919.18
Net Cash (Debt)	-406.96	-808.76	-849.4	-758.28	-674.96
Net Cash Per Share	-1.30	-2.89	-3.09	-2.76	-2.45
Filing Date Shares Outstanding	335.95	278.62	276.24	277.68	277.67
Total Common Shares Outstanding	335.95	278.62	276.24	277.68	277.67
Working Capital	630.56	372.8	355.07	439.63	517.04
Book Value Per Share	3.59	2.74	2.98	3.44	3.65
Tangible Book Value	1,107	660.96	710.05	814.45	849.42
Tangible Book Value Per Share	3.30	2.37	2.57	2.93	3.06
Buildings	-	405.82	412.06	408.55	373.26
Machinery	-	584.35	627.9	611.07	586.86
Construction In Progress	-	11.75	22.1	16.33	55.41

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