SHE:002909 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	126.75	227.23	155.97	203.12	411.17
Trading Asset Securities	-	0.16	-	-	-
Cash & Short-Term Investments	126.75	227.38	155.97	203.12	411.17
Cash Growth	-44.26%	45.79%	-23.21%	-50.60%	-18.61%
Accounts Receivable	415.16	496.15	515.03	558.87	633.97
Other Receivables	5.99	6.15	6.09	3.96	2.99
Receivables	421.15	502.3	521.11	562.83	636.96
Inventory	84.65	112.3	104.79	107.71	108.23
Other Current Assets	58.99	48.07	44.51	45.67	26.9
Total Current Assets	691.54	890.05	826.38	919.33	1,183
Property, Plant & Equipment	1,004	830.15	659.47	498.42	366.8
Long-Term Investments	86.52	75.37	51.68	23.08	20
Goodwill	24.92	24.92	24.92	24.92	24.92
Other Intangible Assets	382.75	386.91	362.83	366.02	254.64
Long-Term Deferred Tax Assets	22.12	18.6	13.95	13.46	7.73
Long-Term Deferred Charges	16.1	17.31	20.49	23.14	19.01
Other Long-Term Assets	2.07	10.43	6.48	23.5	12.77
Total Assets	2,230	2,254	1,966	1,892	1,889
Accounts Payable	401.38	482.16	333.61	278.87	348.61
Accrued Expenses	16.37	35.46	32.57	32.1	36.12
Short-Term Debt	423.52	400.25	405.3	439.79	328.38
Current Portion of Long-Term Debt	88.52	0.18	0.1	5.36	5.37
Current Portion of Leases	-	49.12	73.56	62.09	38.53
Current Income Taxes Payable	17.32	0.47	3.27	3.64	4.25
Current Unearned Revenue	7.33	9.02	9.74	7.55	8.47
Other Current Liabilities	160.59	136.1	96.25	149.71	209.07
Total Current Liabilities	1,115	1,113	954.41	979.11	978.79
Long-Term Debt	214.67	167.19	86.63	5.35	10.69
Long-Term Leases	6.06	17.14	61.91	39.6	42.49
Long-Term Unearned Revenue	2.79	4.23	5.68	7.12	8.56
Long-Term Deferred Tax Liabilities	6.65	4.67	5.35	6.05	3.85
Other Long-Term Liabilities	22.47	-	-	-	-
Total Liabilities	1,368	1,306	1,114	1,037	1,044
Common Stock	390	390	372.75	372.75	372.75
Additional Paid-In Capital	342.7	340.38	244.58	240.01	237.87
Retained Earnings	157.77	223.96	224.2	232.52	240.72
Treasury Stock	-47.4	-26.07	-7.55	-7.55	-23.7
Comprehensive Income & Other	19.81	19.49	17.93	16.61	14.92
Total Common Equity	862.88	947.76	851.92	854.35	842.57
Minority Interest	-0.74	-	0.31	0.3	2.15
Shareholders' Equity	862.14	947.76	852.23	854.65	844.72
Total Liabilities & Equity	2,230	2,254	1,966	1,892	1,889
Total Debt	732.78	633.88	627.5	552.18	425.47
Net Cash (Debt)	-606.03	-406.49	-471.53	-349.06	-14.3
Net Cash Per Share	-1.57	-1.03	-1.24	-0.92	-0.04
Filing Date Shares Outstanding	385.76	383.3	392.91	421.59	369.02
Total Common Shares Outstanding	385.76	383.3	366.82	421.59	369.02
Working Capital	-423.5	-222.7	-128.03	-59.78	204.46
Book Value Per Share	2.24	2.47	2.32	2.03	2.28
Tangible Book Value	455.21	535.93	464.17	463.42	563.02
Tangible Book Value Per Share	1.18	1.40	1.27	1.10	1.53
Buildings	-	349.1	269.74	165.2	165.2
Machinery	-	381.32	357.06	289.42	243.33
Construction In Progress	-	319.55	206.87	172.84	60.62

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