SHE:002910 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	204.7	243.75	235.95	256.42	403.69
Short-Term Investments	-	-	-	1.52	-
Cash & Short-Term Investments	204.7	243.75	235.95	257.94	403.69
Cash Growth	-16.02%	3.31%	-8.52%	-36.10%	-52.32%
Accounts Receivable	106.76	52.39	44.06	65.54	38.98
Other Receivables	10.78	13.32	4.64	4.67	2.69
Receivables	117.54	65.71	48.7	70.21	41.67
Inventory	222.99	223.07	211.41	224.48	176.46
Prepaid Expenses	-	0.18	-	-	-
Other Current Assets	11.3	15.57	13.57	7.94	11.62
Total Current Assets	556.53	548.28	509.63	560.58	633.44
Property, Plant & Equipment	1,640	1,741	1,916	2,028	2,051
Long-Term Investments	0.04	0.04	0.04	0.04	0.04
Other Intangible Assets	87.86	88.21	91.11	94.29	97.83
Long-Term Deferred Tax Assets	17.49	23.82	7.6	2.38	2.4
Long-Term Deferred Charges	1.87	2.61	2.87	2.91	3.5
Other Long-Term Assets	0.26	4.25	5.36	1.43	22.19
Total Assets	2,304	2,408	2,532	2,690	2,810
Accounts Payable	172.76	152.06	175.2	217.78	333.38
Accrued Expenses	6.49	9.28	11.32	12.16	9.35
Short-Term Debt	738.48	490.19	540.51	530.62	214.67
Current Portion of Long-Term Debt	71.15	323.39	204.91	10.21	105
Current Portion of Leases	-	5.89	5.9	3.94	5.35
Current Income Taxes Payable	3.51	1.39	2.33	2.13	2.53
Current Unearned Revenue	7.96	10.9	15.14	12.31	20.95
Other Current Liabilities	37.71	30.82	24.07	35.07	41.77
Total Current Liabilities	1,038	1,024	979.38	824.23	733
Long-Term Debt	183.22	221.78	210.16	428.19	353.45
Long-Term Leases	33.79	35.55	38.87	38.97	40.94
Long-Term Unearned Revenue	25.65	28.83	31.38	32.55	36.49
Long-Term Deferred Tax Liabilities	4.6	5.37	5.64	5.12	5.3
Other Long-Term Liabilities	0.6	0.58	0.56	0.52	0.51
Total Liabilities	1,286	1,316	1,266	1,330	1,170
Common Stock	195.54	195.54	195.54	196.7	232.38
Additional Paid-In Capital	545.54	545.54	538.84	545.75	846.83
Retained Earnings	291.48	365.87	532.08	625.75	575.68
Treasury Stock	-15.13	-15.13	-	-8.07	-14.21
Total Common Equity	1,017	1,092	1,266	1,360	1,641
Minority Interest	0.47	0.26	-	-	-
Shareholders' Equity	1,018	1,092	1,266	1,360	1,641
Total Liabilities & Equity	2,304	2,408	2,532	2,690	2,810
Total Debt	1,027	1,077	1,000	1,012	719.4
Net Cash (Debt)	-821.94	-833.04	-764.39	-754	-315.72
Net Cash Per Share	-4.20	-4.31	-3.94	-3.46	-1.36
Filing Date Shares Outstanding	201.75	193.58	195.54	196.7	232.38
Total Common Shares Outstanding	201.75	193.58	195.54	196.7	232.38
Working Capital	-481.53	-475.65	-469.74	-263.65	-99.56
Book Value Per Share	5.04	5.64	6.48	6.91	7.06
Tangible Book Value	929.57	1,004	1,175	1,266	1,543
Tangible Book Value Per Share	4.61	5.18	6.01	6.44	6.64
Buildings	-	1,336	1,326	1,320	1,327
Machinery	-	717.44	710.54	672.83	653.02
Construction In Progress	-	2.08	3.86	-	1.98

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