SHE:002866 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	Dec '21 Dec 31, 2021
Cash & Equivalents	444.14	456.75	589.52	286.92	445.74
Short-Term Investments	-	66.3	242.92	255.76	538.16
Trading Asset Securities	321	209.6	32.83	284.23	300.61
Cash & Short-Term Investments	765.14	732.66	865.27	826.91	1,285
Cash Growth	4.43%	-15.33%	4.64%	-35.62%	37.98%
Accounts Receivable	745.83	724.23	640.18	597.77	647.35
Other Receivables	2.52	1.63	1.49	4.54	3.07
Receivables	748.36	725.86	641.68	602.31	650.42
Inventory	388.23	443.12	445.95	301.12	379.3
Other Current Assets	106.45	94.01	49.15	347.39	29.87
Total Current Assets	2,008	1,996	2,002	2,078	2,344
Property, Plant & Equipment	1,538	1,647	2,018	1,122	836.5
Long-Term Investments	20.29	20.29	30.54	30.19	-
Goodwill	-	-	6	51.08	55.75
Other Intangible Assets	95.78	99.24	101.31	101	88.61
Long-Term Deferred Tax Assets	174.61	145	71.64	33.99	29.34
Long-Term Deferred Charges	2.25	4.12	7.28	11.13	13.61
Other Long-Term Assets	9.78	16.04	10.09	152.97	11.09
Total Assets	3,848	3,928	4,247	3,580	3,379
Accounts Payable	612.83	672.13	976.51	463.14	547.94
Accrued Expenses	156.26	142.54	108.02	105.66	83.41
Short-Term Debt	633.41	630.7	772.74	840.92	737.15
Current Portion of Long-Term Debt	143.86	119.42	70.05	29.02	-
Current Portion of Leases	1.74	2.89	2.74	2.62	3.25
Current Income Taxes Payable	7.26	11.5	12.31	0.85	8.24
Current Unearned Revenue	6.8	1.14	0.9	1.96	0.99
Other Current Liabilities	9.91	8.46	5.32	27.34	10.43
Total Current Liabilities	1,572	1,589	1,949	1,472	1,391
Long-Term Debt	203.49	315	139.13	-	-
Long-Term Leases	7.26	1.42	4.31	7.05	10.39
Long-Term Unearned Revenue	73.13	76.41	79.08	47.05	47.4
Long-Term Deferred Tax Liabilities	-	-	-	-	1.5
Total Liabilities	1,856	1,982	2,171	1,526	1,451
Common Stock	289.52	289.52	289.52	289.52	287.66
Additional Paid-In Capital	1,036	1,036	1,036	1,037	1,017
Retained Earnings	768.13	682.29	760.11	729.95	631.63
Treasury Stock	-	-	-	-	-7.94
Comprehensive Income & Other	-0.07	-	-	-	-
Total Common Equity	2,094	2,008	2,086	2,056	1,928
Minority Interest	-101.49	-62.08	-10.06	-1.17	-
Shareholders' Equity	1,993	1,946	2,076	2,055	1,928
Total Liabilities & Equity	3,848	3,928	4,247	3,580	3,379
Total Debt	989.75	1,069	988.97	879.61	750.8
Net Cash (Debt)	-224.61	-336.77	-123.69	-52.7	533.72
Net Cash Growth	-	-	-	-	-5.33%
Net Cash Per Share	-0.78	-1.15	-0.41	-0.18	1.85
Filing Date Shares Outstanding	289.52	289.52	289.52	289.52	287.66
Total Common Shares Outstanding	289.52	289.52	289.52	289.52	287.66
Working Capital	436.12	406.86	53.47	606.23	952.69
Book Value Per Share	7.23	6.94	7.21	7.10	6.70
Tangible Book Value	1,998	1,909	1,979	1,904	1,784
Tangible Book Value Per Share	6.90	6.59	6.83	6.58	6.20
Buildings	940.32	940.49	939.63	433.73	333.13
Machinery	1,124	1,116	1,122	549.78	515.05
Construction In Progress	102.83	98.15	300.69	383.1	161.59

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