SHE:002912 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	934.55	811.98	745.63	995.74	803.88
Trading Asset Securities	230	300	295	-	390
Cash & Short-Term Investments	1,165	1,112	1,041	995.74	1,194
Cash Growth	4.73%	6.86%	4.51%	-16.60%	-19.12%
Accounts Receivable	293.38	252.77	390.12	224.54	308.06
Other Receivables	7.82	8.83	7.15	8.14	11.37
Receivables	301.21	261.6	397.28	232.68	319.43
Inventory	243.42	205.36	252.77	274.11	216.14
Prepaid Expenses	3.05	3.33	8.46	8.82	16.08
Other Current Assets	5.91	2.06	2.12	4.37	3.51
Total Current Assets	1,718	1,584	1,701	1,516	1,749
Property, Plant & Equipment	170.63	179.86	190.04	192.23	209.48
Long-Term Investments	7.57	7.39	7.52	5.86	5.22
Other Intangible Assets	24.12	25.86	27.96	26.43	26.53
Long-Term Deferred Tax Assets	115.25	115.25	116.63	116.71	68.66
Long-Term Deferred Charges	1.42	2.15	2.89	4.01	1.89
Other Long-Term Assets	95.17	96.06	100.39	104.69	102.96
Total Assets	2,132	2,011	2,147	1,966	2,164
Accounts Payable	147.59	83.3	76.69	107.58	88.23
Accrued Expenses	81.91	82.18	94.48	84.06	76.74
Short-Term Debt	-	11.89	5.69	-	-
Current Portion of Leases	2.05	2.38	3.83	2.16	3.24
Current Income Taxes Payable	-	-	-	-	0.45
Current Unearned Revenue	146.55	104.22	242.56	132.46	124.35
Other Current Liabilities	10.84	7.68	9.31	43.24	151.33
Total Current Liabilities	388.94	291.65	432.57	369.49	444.34
Long-Term Leases	0.76	1.1	2.64	3.34	3.59
Long-Term Unearned Revenue	19.5	31.32	31.91	26.7	27.06
Long-Term Deferred Tax Liabilities	-	-	1.39	1.46	-
Other Long-Term Liabilities	6.44	5.76	5.94	6.68	8.97
Total Liabilities	415.64	329.84	474.45	407.66	483.95
Common Stock	170.75	170.75	170.75	171.83	175.07
Additional Paid-In Capital	477.72	477.72	477.72	512.69	618.27
Retained Earnings	1,068	1,032	1,024	909.53	1,031
Treasury Stock	-	-	-	-36.06	-144.88
Comprehensive Income & Other	0.45	0.11	-	-	-
Shareholders' Equity	1,717	1,681	1,672	1,558	1,680
Total Liabilities & Equity	2,132	2,011	2,147	1,966	2,164
Total Debt	2.81	15.38	12.17	5.5	6.83
Net Cash (Debt)	1,162	1,097	1,028	990.24	1,187
Net Cash Growth	5.94%	6.63%	3.86%	-16.58%	-19.58%
Net Cash Per Share	6.86	6.41	6.03	5.76	6.96
Filing Date Shares Outstanding	170.75	170.75	170.75	171.83	175.07
Total Common Shares Outstanding	170.75	170.75	170.75	171.83	175.07
Working Capital	1,329	1,293	1,269	1,146	1,305
Book Value Per Share	10.05	9.84	9.79	9.07	9.60
Tangible Book Value	1,693	1,655	1,644	1,532	1,653
Tangible Book Value Per Share	9.91	9.69	9.63	8.91	9.44
Buildings	171.31	171.31	169.88	169.88	175.54
Machinery	163.85	168.43	163.3	144.97	131.25
Construction In Progress	-	-	0.67	-	-

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