SHE:002922 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	989.33	767.88	668.47	491.39	324.59
Short-Term Investments	21.63	24.95	74.59	24.79	117.02
Trading Asset Securities	1.15	-	531.29	-	74.15
Cash & Short-Term Investments	1,012	792.82	1,274	516.18	515.75
Cash Growth	27.66%	-37.79%	146.88%	0.08%	-32.55%
Accounts Receivable	2,178	2,362	1,802	1,245	931.52
Other Receivables	33.25	44.58	33.7	16.7	11.29
Receivables	2,211	2,407	1,835	1,262	942.81
Inventory	957.75	733.99	483.23	366.12	416.87
Prepaid Expenses	12.82	0.15	2.34	4.01	-
Other Current Assets	399.97	289.11	63.5	46.11	25.09
Total Current Assets	4,594	4,223	3,659	2,194	1,901
Property, Plant & Equipment	4,056	2,813	1,232	1,011	629.04
Long-Term Investments	39.33	43.63	99.41	103.56	1
Goodwill	49.75	37.25	37.25	37.25	37.93
Other Intangible Assets	255.17	150.47	113.61	101.95	68.34
Long-Term Deferred Tax Assets	71.73	45.19	48.65	50.89	20.45
Long-Term Deferred Charges	7.33	7.83	2.56	2.25	0.74
Other Long-Term Assets	27.19	91.69	104.14	27.58	72.21
Total Assets	9,101	7,413	5,296	3,529	2,730
Accounts Payable	2,140	1,292	1,360	1,003	755.86
Accrued Expenses	212.65	141.31	123.2	92.64	72.61
Short-Term Debt	1,876	1,757	241.97	363.65	128.08
Current Portion of Long-Term Debt	212.98	30.42	10.16	-	0.1
Current Portion of Leases	30.14	25.65	8.06	8.25	5.48
Current Income Taxes Payable	23.21	12.35	23.12	4.54	6.6
Current Unearned Revenue	53.04	29.86	22.11	14.16	27.3
Other Current Liabilities	75.38	244.73	131.54	203.1	72.92
Total Current Liabilities	4,623	3,534	1,920	1,690	1,069
Long-Term Debt	440.06	470.6	196.03	6.28	11.08
Long-Term Leases	40.7	50.99	6.9	7.31	2.48
Long-Term Unearned Revenue	125.2	80.98	53.78	29.45	19.65
Long-Term Deferred Tax Liabilities	12.42	10.41	14.15	34.83	1.92
Other Long-Term Liabilities	32.26	30	-	-	-
Total Liabilities	5,273	4,177	2,191	1,767	1,104
Common Stock	423.21	392.21	391.32	299.32	296.32
Additional Paid-In Capital	2,401	2,009	1,969	852.19	825.03
Retained Earnings	1,027	942.9	766.88	632.78	500.6
Treasury Stock	-72.39	-109.06	-33.77	-22.38	-
Comprehensive Income & Other	9.52	-26.27	-0.48	-1.94	-4.7
Total Common Equity	3,788	3,209	3,093	1,760	1,617
Minority Interest	39.88	26.84	12.33	1.61	8.91
Shareholders' Equity	3,828	3,236	3,105	1,762	1,626
Total Liabilities & Equity	9,101	7,413	5,296	3,529	2,730
Total Debt	2,599	2,335	463.11	385.49	147.22
Net Cash (Debt)	-1,587	-1,542	811.23	130.69	368.53
Net Cash Growth	-	-	520.73%	-64.54%	-19.26%
Net Cash Per Share	-3.96	-3.96	2.44	0.44	1.25
Filing Date Shares Outstanding	420.13	389.13	391.32	301.95	296.32
Total Common Shares Outstanding	420.13	389.13	391.32	299.32	296.32
Working Capital	-28.56	689.44	1,739	504.88	831.57
Book Value Per Share	9.02	8.25	7.90	5.88	5.46
Tangible Book Value	3,483	3,021	2,942	1,621	1,511
Tangible Book Value Per Share	8.29	7.76	7.52	5.41	5.10
Buildings	1,725	856.77	615.06	524.02	474.01
Machinery	1,511	858.62	567.99	478.34	300.6
Construction In Progress	1,242	1,377	313.37	210.93	30.75

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