SHE:002870 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	1,183	966.83	687.07	799.96	461.93
Short-Term Investments	-	20.04	21.43	-	147.48
Trading Asset Securities	29.81	3.54	5.55	109.63	0.13
Cash & Short-Term Investments	1,213	990.41	714.05	909.6	609.54
Cash Growth	22.50%	38.70%	-21.50%	49.23%	4.73%
Accounts Receivable	1,522	1,304	1,253	1,134	960.37
Other Receivables	67.13	71.16	35.04	25.57	20.93
Receivables	1,589	1,375	1,288	1,159	981.3
Inventory	1,276	1,146	1,053	1,042	801.32
Prepaid Expenses	-	15.02	14.53	2.33	36.47
Other Current Assets	205.33	178.97	150.78	128.6	133.01
Total Current Assets	4,283	3,705	3,220	3,242	2,562
Property, Plant & Equipment	2,045	2,142	2,066	1,791	1,516
Long-Term Investments	-	14.41	26.05	47.42	12.95
Goodwill	804.21	804.21	804.21	804.21	804.21
Other Intangible Assets	817.5	653.04	721.61	774.93	767.68
Long-Term Deferred Tax Assets	296.5	221.21	190.95	154.53	83.02
Long-Term Deferred Charges	240.21	497.67	500.13	429.59	412.03
Other Long-Term Assets	145.82	98.03	114.15	160.57	221.91
Total Assets	8,633	8,136	7,643	7,404	6,379
Accounts Payable	1,850	1,434	1,375	1,278	1,084
Accrued Expenses	147.91	443.99	436.15	412.83	373.31
Short-Term Debt	1,315	1,052	952.84	1,015	779.69
Current Portion of Long-Term Debt	629.29	632.35	359.13	155.41	349.59
Current Portion of Leases	-	61.76	64.83	43.52	51.29
Current Income Taxes Payable	50.17	34.36	44.99	29.35	22.75
Current Unearned Revenue	36.66	84.24	86.82	71.51	39.54
Other Current Liabilities	458.89	326.12	622.35	557.74	484.57
Total Current Liabilities	4,488	4,069	3,942	3,563	3,185
Long-Term Debt	1,010	1,026	783.99	520.89	436.36
Long-Term Leases	117.38	136.23	143.03	61.32	47.19
Long-Term Unearned Revenue	23.75	17.84	18.38	15.83	11.35
Long-Term Deferred Tax Liabilities	118.97	135.48	157.71	169.82	194.36
Other Long-Term Liabilities	11.96	17.15	14.06	335.36	598.95
Total Liabilities	5,771	5,401	5,059	4,666	4,473
Common Stock	132.08	132.08	132.08	132.08	110.67
Additional Paid-In Capital	863.47	863.47	864.95	1,071	503.62
Retained Earnings	707.01	627.11	485.06	343.69	257.43
Treasury Stock	-80.92	-	-	-	-
Comprehensive Income & Other	39.11	-17.21	34.77	-7.81	-24.73
Total Common Equity	1,661	1,605	1,517	1,539	846.99
Minority Interest	1,201	1,129	1,067	1,199	1,059
Shareholders' Equity	2,862	2,735	2,584	2,738	1,906
Total Liabilities & Equity	8,633	8,136	7,643	7,404	6,379
Total Debt	3,072	2,908	2,304	1,796	1,664
Net Cash (Debt)	-1,859	-1,917	-1,590	-886.47	-1,055
Net Cash Per Share	-14.10	-14.57	-12.03	-7.09	-9.47
Filing Date Shares Outstanding	133.76	132.08	132.08	132.08	110.67
Total Common Shares Outstanding	133.76	132.08	132.08	132.08	110.67
Working Capital	-204.89	-363.11	-721.56	-320.97	-623.4
Book Value Per Share	12.42	12.16	11.48	11.65	7.65
Tangible Book Value	39.04	148.19	-8.96	-39.92	-724.9
Tangible Book Value Per Share	0.29	1.12	-0.07	-0.30	-6.55
Land	-	37.65	40.15	37.52	36.55
Buildings	-	925.74	969.17	905.49	763.53
Machinery	-	1,986	1,741	1,548	1,396
Construction In Progress	-	342.43	362.02	272.43	131.28

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