SHE:002873 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	173.72	118.16	138.24	100.67	72.48
Trading Asset Securities	0.1	0.12	0.09	0.11	80
Cash & Short-Term Investments	173.82	118.28	138.33	100.78	152.48
Cash Growth	46.95%	-14.49%	37.26%	-33.91%	-65.97%
Accounts Receivable	286.84	325.67	250.54	261.96	282.72
Other Receivables	8.13	22.09	48.22	42.12	21.52
Receivables	294.97	347.77	298.76	304.08	304.24
Inventory	172.11	145.48	184.33	183.34	118.77
Other Current Assets	10.14	5.28	15	22.44	11.34
Total Current Assets	651.04	616.81	636.43	610.65	586.83
Property, Plant & Equipment	693.38	708.83	706.3	593.75	463.94
Long-Term Investments	530.34	412.07	383.27	461.57	312.5
Goodwill	6.19	-	-	-	-
Other Intangible Assets	108.62	108.96	83.52	86.1	87.51
Long-Term Deferred Tax Assets	9.03	10.06	10.33	13.46	11.26
Long-Term Deferred Charges	102.11	90.36	88.45	70.39	58.67
Other Long-Term Assets	20.37	3.41	3.5	3.6	3.71
Total Assets	2,121	1,951	1,912	1,840	1,524
Accounts Payable	68.59	83.36	105.08	95.67	64.89
Accrued Expenses	29.71	48.91	31.8	39.71	53.85
Short-Term Debt	95.88	306.24	366.93	317.37	268.34
Current Portion of Long-Term Debt	146.77	20.8	26.03	5.01	-
Current Portion of Leases	-	4.97	4.16	1.4	-
Current Income Taxes Payable	13.65	0.03	0	2.29	4.72
Current Unearned Revenue	0.37	0.52	1	13.86	15.36
Other Current Liabilities	25.23	16.55	20.42	26.4	34.07
Total Current Liabilities	380.2	481.38	555.42	501.69	441.23
Long-Term Debt	420.77	221.4	195.54	156.68	154.79
Long-Term Leases	5.48	6.77	9.35	5.72	6.65
Long-Term Unearned Revenue	24.27	23.58	20.83	22.15	24.51
Long-Term Deferred Tax Liabilities	33.59	22.11	16.72	27.99	3.38
Other Long-Term Liabilities	0.52	0.55	0.59	3.36	3.42
Total Liabilities	864.83	755.79	798.47	717.59	633.98
Common Stock	244.1	244.1	231.49	231.97	164.05
Additional Paid-In Capital	282.35	282.35	179.72	187	220.67
Retained Earnings	660.32	665.32	637.57	579.88	490.94
Treasury Stock	-75.3	-75.3	-9.54	-17.61	-27.81
Comprehensive Income & Other	144.77	78.24	74.09	140.69	42.61
Total Common Equity	1,256	1,195	1,113	1,122	890.44
Shareholders' Equity	1,256	1,195	1,113	1,122	890.44
Total Liabilities & Equity	2,121	1,951	1,912	1,840	1,524
Total Debt	668.9	560.18	602.01	486.17	429.79
Net Cash (Debt)	-495.09	-441.9	-463.68	-385.39	-277.31
Net Cash Per Share	-2.10	-2.01	-1.90	-1.58	-1.13
Filing Date Shares Outstanding	209.59	235.3	231.4	231.89	228.31
Total Common Shares Outstanding	209.59	235.3	231.4	231.89	228.31
Working Capital	270.84	135.43	81	108.96	145.59
Book Value Per Share	5.99	5.08	4.81	4.84	3.90
Tangible Book Value	1,141	1,086	1,030	1,036	802.93
Tangible Book Value Per Share	5.45	4.61	4.45	4.47	3.52
Buildings	-	628.65	639.78	369.03	327.11
Machinery	-	177.35	167.14	121.47	92.52
Construction In Progress	-	55.81	33.72	228.36	151.22

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