SHE:002872 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	280.47	270.42	192.71	278.25	338.68
Trading Asset Securities	-	-	-	-	82
Cash & Short-Term Investments	280.47	270.42	192.71	278.25	420.68
Cash Growth	3.72%	40.32%	-30.74%	-33.86%	26.81%
Accounts Receivable	141.52	158.01	181.16	195.01	240.01
Other Receivables	143.96	159.58	170.94	186.77	80.85
Receivables	285.47	317.59	352.11	381.78	320.87
Inventory	101.31	106.8	136.22	130.87	124.58
Other Current Assets	12.4	7.63	10	25.18	54.08
Total Current Assets	679.65	702.44	691.04	816.08	920.21
Property, Plant & Equipment	1,334	1,464	1,581	1,613	1,638
Long-Term Investments	52.93	43.39	50.25	52.46	50
Other Intangible Assets	258.43	285.9	311.77	319.5	327.14
Long-Term Deferred Tax Assets	84.2	77.58	68.07	64.97	69.15
Long-Term Deferred Charges	18.37	23.4	16.33	11.74	14.51
Other Long-Term Assets	216.22	139.07	92.43	92.64	101.44
Total Assets	2,644	2,736	2,811	2,971	3,120
Accounts Payable	48.07	46.47	77.34	55.31	126.45
Accrued Expenses	7.4	14.34	10.28	25.27	14.52
Short-Term Debt	86.09	80.28	117.34	89.59	132.42
Current Portion of Long-Term Debt	134.75	49.5	82.98	143.45	49.59
Current Portion of Leases	-	0.83	1.62	2.18	2.71
Current Income Taxes Payable	12.59	0.53	0.46	3.19	0.5
Current Unearned Revenue	21.43	23.36	38.42	46.73	25.65
Other Current Liabilities	105.33	144.01	126.12	189.68	120.72
Total Current Liabilities	415.66	359.31	454.55	555.39	472.55
Long-Term Debt	137.08	234.54	118.8	89.65	219.42
Long-Term Leases	1.29	2.45	4.84	4.3	9.65
Long-Term Unearned Revenue	106.58	115.42	127.79	126.34	131.46
Long-Term Deferred Tax Liabilities	4.76	4.07	4.47	2.84	2.81
Other Long-Term Liabilities	20	6	4.8	4.54	4.9
Total Liabilities	685.37	721.8	715.25	783.06	840.79
Common Stock	318	318	318	318	318
Additional Paid-In Capital	1,401	1,401	1,401	1,401	1,401
Retained Earnings	225.3	280.72	368.12	461.2	551.76
Comprehensive Income & Other	6.95	6.18	4.58	2.8	2.89
Total Common Equity	1,951	2,006	2,091	2,183	2,273
Minority Interest	7.62	8.64	4.18	4.82	5.81
Shareholders' Equity	1,959	2,014	2,096	2,188	2,279
Total Liabilities & Equity	2,644	2,736	2,811	2,971	3,120
Total Debt	359.21	367.61	325.58	329.17	413.78
Net Cash (Debt)	-78.74	-97.19	-132.86	-50.92	6.89
Net Cash Per Share	-0.25	-0.31	-0.42	-0.16	0.02
Filing Date Shares Outstanding	318.07	318	318	318	318
Total Common Shares Outstanding	318.07	318	318	318	318
Working Capital	263.99	343.12	236.49	260.69	447.65
Book Value Per Share	6.13	6.31	6.58	6.86	7.15
Tangible Book Value	1,693	1,720	1,780	1,863	1,946
Tangible Book Value Per Share	5.32	5.41	5.60	5.86	6.12
Buildings	-	1,676	1,663	1,420	1,402
Machinery	-	535.34	533.41	516.98	520.48
Construction In Progress	-	33.8	81.96	291.84	252.61

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