SHE:002859 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	596.33	546.64	569.71	1,086	692.91
Cash & Short-Term Investments	596.33	546.64	569.71	1,086	692.91
Cash Growth	9.09%	-4.05%	-47.52%	56.68%	-24.26%
Accounts Receivable	680.5	620.15	542.44	356.73	510.4
Other Receivables	11.63	23.93	5.51	1.61	10.31
Receivables	692.13	644.08	547.95	358.35	520.71
Inventory	523.82	447.83	392.74	362.75	378.86
Prepaid Expenses	-	-	-	-	0
Other Current Assets	188.64	97.09	63.13	38.79	33.96
Total Current Assets	2,001	1,736	1,574	1,846	1,626
Property, Plant & Equipment	4,691	4,185	3,172	2,620	2,193
Long-Term Investments	144.15	113.64	115.36	30	15
Goodwill	50.37	50.4	20.48	20.86	-
Other Intangible Assets	283.4	265.65	242.66	192.33	158.74
Long-Term Deferred Tax Assets	9.67	6.98	1.71	29.21	9.24
Long-Term Deferred Charges	24.54	9.43	9.34	11.6	7.36
Other Long-Term Assets	50.64	48.05	16.15	59.05	29.28
Total Assets	7,254	6,415	5,151	4,809	4,039
Accounts Payable	280.9	422.43	294.75	176.31	248.83
Accrued Expenses	64.95	78.9	62.8	47.21	45.37
Short-Term Debt	780.34	555.36	461.97	596.54	410.42
Current Portion of Long-Term Debt	805.22	192.54	53.24	143.97	217.35
Current Portion of Leases	-	6.29	3.22	3.25	4.79
Current Income Taxes Payable	48.51	5.77	9.81	0	29.45
Current Unearned Revenue	2.48	2.59	1.33	1.71	0.52
Other Current Liabilities	30.14	48.86	5.5	5.97	2.02
Total Current Liabilities	2,013	1,313	892.62	974.97	958.76
Long-Term Debt	1,973	2,036	1,150	887.25	871.7
Long-Term Leases	11.15	10.81	3.26	1.22	4.09
Long-Term Unearned Revenue	52.21	26.08	25.91	28.15	28.32
Long-Term Deferred Tax Liabilities	64.34	64.33	61.81	71.7	40.72
Other Long-Term Liabilities	-	-	39.25	64.38	-
Total Liabilities	4,113	3,450	2,173	2,028	1,904
Common Stock	430.94	430.91	432.82	434.26	410.02
Additional Paid-In Capital	875.07	903.92	935.86	974.13	531.1
Retained Earnings	1,728	1,602	1,536	1,323	1,239
Treasury Stock	-28.36	-102.64	-32.11	-56.38	-150
Comprehensive Income & Other	116.97	111.18	106.2	106.48	105.33
Total Common Equity	3,123	2,945	2,979	2,781	2,135
Minority Interest	18.78	19.53	-0.02	-	-
Shareholders' Equity	3,141	2,965	2,979	2,781	2,135
Total Liabilities & Equity	7,254	6,415	5,151	4,809	4,039
Total Debt	3,570	2,801	1,671	1,632	1,508
Net Cash (Debt)	-2,973	-2,254	-1,102	-546.57	-815.44
Net Cash Per Share	-6.90	-5.24	-2.54	-1.35	-1.93
Filing Date Shares Outstanding	436.83	425.96	430.43	403.81	404.7
Total Common Shares Outstanding	436.83	425.96	430.43	403.81	404.7
Working Capital	-11.62	422.89	680.91	870.58	667.68
Book Value Per Share	7.15	6.91	6.92	6.89	5.28
Tangible Book Value	2,789	2,629	2,716	2,568	1,977
Tangible Book Value Per Share	6.38	6.17	6.31	6.36	4.88
Buildings	-	1,948	1,892	1,389	723.88
Machinery	-	1,644	1,386	1,085	796.4
Construction In Progress	-	1,297	456.71	591.58	1,013

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