SHE:002863 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	586.68	616.66	981.5	743.48	452.02
Trading Asset Securities	0.99	0.68	1.64	1.18	4.04
Cash & Short-Term Investments	587.67	617.34	983.14	744.66	456.06
Cash Growth	-4.81%	-37.21%	32.02%	63.28%	-26.36%
Accounts Receivable	898.8	904.23	692.53	668.99	587.09
Other Receivables	27.82	114.82	252.19	110.31	157.11
Receivables	926.62	1,019	944.73	779.31	744.21
Inventory	1,708	1,638	1,342	1,135	1,099
Other Current Assets	420.48	171.87	116.6	106.16	91.74
Total Current Assets	3,643	3,447	3,386	2,765	2,391
Property, Plant & Equipment	4,655	3,917	3,246	2,903	2,611
Long-Term Investments	-	0.13	4.76	0.13	0.13
Goodwill	0.02	0.02	0.02	0.02	0.02
Other Intangible Assets	268.72	274.11	224.22	226.56	250.88
Long-Term Accounts Receivable	-	20.42	28.95	24.8	8.9
Long-Term Deferred Tax Assets	110.99	104.36	87.81	57.62	49.19
Long-Term Deferred Charges	102.36	88.62	64.63	64.83	63.46
Other Long-Term Assets	310.02	295.68	304.42	407.75	342.08
Total Assets	9,090	8,147	7,347	6,450	5,717
Accounts Payable	1,056	790.44	478.83	1,043	905.43
Accrued Expenses	25.04	54.63	48.53	44.91	58.19
Short-Term Debt	2,674	2,489	2,396	1,973	1,867
Current Portion of Long-Term Debt	797.48	593.35	341.91	181.81	150.32
Current Portion of Leases	-	106.33	74.66	55.43	-
Current Income Taxes Payable	70.41	6.02	13.83	8.22	15.29
Current Unearned Revenue	20.53	17.72	16.26	14.92	23.68
Other Current Liabilities	48.5	38.64	36.29	49.48	57.83
Total Current Liabilities	4,692	4,096	3,407	3,371	3,078
Long-Term Debt	1,080	845.9	900.54	699.65	514.56
Long-Term Leases	17.11	167.3	119.95	72.96	19.59
Long-Term Unearned Revenue	233.51	230.6	206.37	209.12	152.63
Long-Term Deferred Tax Liabilities	3.85	23.66	8.9	3.21	4.08
Other Long-Term Liabilities	222.47	22.6	17.95	-	1.23
Total Liabilities	6,249	5,386	4,660	4,355	3,770
Common Stock	599.48	598.66	598.64	498.84	498.82
Additional Paid-In Capital	1,234	1,211	1,208	794.25	808.57
Retained Earnings	953.82	904.07	847.86	779.04	673.49
Treasury Stock	-	-	-	-	-39.52
Comprehensive Income & Other	46.31	41.08	25.74	15.57	-1.48
Total Common Equity	2,833	2,755	2,680	2,088	1,940
Minority Interest	7.23	6.9	6.5	6.59	6.84
Shareholders' Equity	2,841	2,761	2,687	2,094	1,947
Total Liabilities & Equity	9,090	8,147	7,347	6,450	5,717
Total Debt	4,569	4,202	3,834	2,982	2,552
Net Cash (Debt)	-3,981	-3,584	-2,850	-2,238	-2,096
Net Cash Per Share	-6.64	-5.99	-5.79	-4.56	-4.19
Filing Date Shares Outstanding	583.97	598.66	598.64	498.84	492.11
Total Common Shares Outstanding	583.97	598.66	598.64	498.84	492.11
Working Capital	-1,050	-649.3	-20.78	-605.13	-686.9
Book Value Per Share	4.85	4.60	4.48	4.19	3.94
Tangible Book Value	2,565	2,480	2,456	1,861	1,689
Tangible Book Value Per Share	4.39	4.14	4.10	3.73	3.43
Buildings	-	1,171	1,146	1,092	899.45
Machinery	-	3,456	2,921	2,614	2,003
Construction In Progress	-	688.99	370.13	185.95	589.11