SHE:002886 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	354.47	252.43	159.76	161.32	211.07
Trading Asset Securities	206.15	178.57	120.31	-	-
Cash & Short-Term Investments	560.62	431	280.07	161.32	211.07
Cash Growth	30.08%	53.89%	73.61%	-23.57%	-30.81%
Accounts Receivable	692.73	625.42	448.98	406.66	447.34
Other Receivables	4.33	5.06	4.34	4.5	12.29
Receivables	697.06	630.47	453.32	411.16	459.64
Inventory	580.32	649.21	673.46	657.15	497.99
Other Current Assets	95.47	199.07	115.82	50.12	49.31
Total Current Assets	1,933	1,910	1,523	1,280	1,218
Property, Plant & Equipment	1,546	1,525	1,260	1,020	628.77
Long-Term Investments	1.72	2.07	4.74	5.64	5.98
Goodwill	34.81	35.85	36.05	36.24	22.8
Other Intangible Assets	206.3	192.76	201.56	208.8	146.68
Long-Term Deferred Tax Assets	72.25	60.23	45.41	32.38	16.41
Long-Term Deferred Charges	6.46	7.77	9.54	14.76	13.04
Other Long-Term Assets	29.02	42.18	116.06	62.67	89.85
Total Assets	3,830	3,775	3,196	2,660	2,142
Accounts Payable	212.51	214.54	167.34	178.1	201.14
Accrued Expenses	36.62	58.59	32.57	38.37	23.49
Short-Term Debt	833.3	809.81	332.33	627.95	513.83
Current Portion of Long-Term Debt	154.14	142.99	170.28	44.98	18.49
Current Portion of Leases	-	9.56	6.03	4.21	2.34
Current Income Taxes Payable	19.4	2.87	1.6	0.75	0.32
Current Unearned Revenue	6.7	9.65	7.76	12.07	9.05
Other Current Liabilities	96.2	65.1	67.38	109.14	64.96
Total Current Liabilities	1,359	1,313	785.29	1,016	833.61
Long-Term Debt	411.98	472.83	420.38	278.45	48
Long-Term Leases	31.56	34.88	8.27	2.77	4.22
Long-Term Unearned Revenue	103.79	99.27	81.46	71.14	35.83
Long-Term Deferred Tax Liabilities	14.68	9.4	5.09	5	1.63
Total Liabilities	1,921	1,929	1,300	1,373	923.29
Common Stock	263.2	263.2	263.2	226.57	226.57
Additional Paid-In Capital	1,096	1,093	1,086	535.08	537.14
Retained Earnings	500.39	442.84	408.07	405.58	404.47
Treasury Stock	-15.74	-22.49	-	-	-4.87
Comprehensive Income & Other	-3.85	0.75	0.84	0.74	0.44
Total Common Equity	1,840	1,777	1,758	1,168	1,164
Minority Interest	69.6	68.86	137.36	118.93	54.5
Shareholders' Equity	1,909	1,846	1,896	1,287	1,218
Total Liabilities & Equity	3,830	3,775	3,196	2,660	2,142
Total Debt	1,431	1,470	937.29	958.37	586.88
Net Cash (Debt)	-870.35	-1,039	-657.22	-797.04	-375.81
Net Cash Per Share	-3.32	-3.97	-2.56	-3.49	-1.66
Filing Date Shares Outstanding	255.01	260.99	263.2	228.22	226.57
Total Common Shares Outstanding	255.01	260.99	263.2	228.22	226.57
Working Capital	574.6	596.66	737.38	264.17	384.39
Book Value Per Share	7.21	6.81	6.68	5.12	5.14
Tangible Book Value	1,599	1,549	1,521	922.93	994.26
Tangible Book Value Per Share	6.27	5.93	5.78	4.04	4.39
Buildings	-	717.98	471.75	350.47	162.27
Machinery	-	728.86	633.12	537.83	271.79
Construction In Progress	-	480.56	509.52	431.8	344.59

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