SHE:002860 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	709.53	589.1	986.89	517.07	285.37
Short-Term Investments	84.45	53.77	20.02	-	-
Trading Asset Securities	464.46	675.88	120.23	20.03	166.47
Cash & Short-Term Investments	1,258	1,319	1,127	537.1	451.84
Cash Growth	-4.57%	17.00%	109.86%	18.87%	-4.03%
Accounts Receivable	1,231	1,047	1,108	881.71	586.41
Other Receivables	0.75	0.83	2.31	3.39	2.98
Receivables	1,232	1,048	1,111	885.11	589.39
Inventory	343.26	342.74	340.57	383.54	257.37
Prepaid Expenses	-	0	0.01	1.35	0.83
Other Current Assets	55.57	29.29	30.14	33.9	34.28
Total Current Assets	2,889	2,739	2,609	1,841	1,334
Property, Plant & Equipment	479.58	511.61	552.62	447.96	384.16
Long-Term Investments	94.07	93.91	42.13	0.39	0.39
Goodwill	54.99	54.99	54.99	54.99	54.99
Other Intangible Assets	99.73	103.31	106.16	109.02	74.09
Long-Term Deferred Tax Assets	28.97	28.11	21.54	18.26	9.45
Long-Term Deferred Charges	6.71	8.46	4.02	4.77	6.7
Other Long-Term Assets	1.89	0.81	3.91	11.8	35.79
Total Assets	3,655	3,540	3,394	2,488	1,899
Accounts Payable	885.65	853.07	1,130	916.53	358.41
Accrued Expenses	50.37	47.93	55.07	39.12	35.22
Short-Term Debt	323	308.99	6.5	15.3	15.45
Current Portion of Leases	1.19	1.14	1.09	0.98	1.2
Current Income Taxes Payable	6.45	6.37	19.85	3.83	8.62
Current Unearned Revenue	10.33	9.42	3.37	2.62	2.99
Other Current Liabilities	29.12	21.67	41.65	45.37	2.14
Total Current Liabilities	1,306	1,249	1,258	1,024	424.04
Long-Term Debt	-	369.63	357.32	-	180.29
Long-Term Leases	1.29	2.48	3.62	4.7	5.44
Long-Term Unearned Revenue	26.79	28.99	28.25	27.64	31.62
Long-Term Deferred Tax Liabilities	9.97	10.63	11.4	15.42	13.04
Other Long-Term Liabilities	19.76	14.61	9.82	-	-
Total Liabilities	1,364	1,675	1,668	1,072	654.44
Common Stock	359.71	308.7	306.52	306.73	204.21
Additional Paid-In Capital	792.2	382.81	378.31	421.51	299.3
Retained Earnings	1,202	1,037	923.57	751.76	665.45
Treasury Stock	-70	-18.59	-33.33	-104.95	-
Comprehensive Income & Other	7.15	114.89	113.55	1.28	52.04
Total Common Equity	2,291	1,825	1,689	1,376	1,221
Minority Interest	-	40.42	37.1	40.36	23.85
Shareholders' Equity	2,291	1,865	1,726	1,417	1,245
Total Liabilities & Equity	3,655	3,540	3,394	2,488	1,899
Total Debt	325.48	682.23	368.52	20.98	202.39
Net Cash (Debt)	932.97	636.51	758.62	516.12	249.45
Net Cash Growth	46.57%	-16.10%	46.98%	106.90%	0.06%
Net Cash Per Share	2.67	2.08	2.47	1.73	0.87
Filing Date Shares Outstanding	352.15	295.64	302.12	300.63	285.89
Total Common Shares Outstanding	352.15	295.64	302.12	300.63	285.89
Working Capital	1,583	1,490	1,351	817.25	909.68
Book Value Per Share	6.51	6.17	5.59	4.58	4.27
Tangible Book Value	2,136	1,666	1,527	1,212	1,092
Tangible Book Value Per Share	6.07	5.64	5.06	4.03	3.82
Buildings	379.02	378.81	284.59	259.33	240.07
Machinery	508.25	503.83	477.64	456.34	375.07
Construction In Progress	0.36	0.01	117.5	9.1	6.47

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