SHE:002932 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	-	493.91	1,016	2,556	1,190
Short-Term Investments	-	738.79	-	70	-
Trading Asset Securities	-	64.12	122.59	1,953	700
Cash & Short-Term Investments	3,750	1,297	1,138	4,578	1,890
Cash Growth	189.20%	13.93%	-75.14%	142.22%	117.48%
Accounts Receivable	-	766.95	1,254	2,736	740.42
Other Receivables	-	80.52	70.28	17.52	11.97
Receivables	-	847.47	1,324	2,754	752.39
Inventory	-	82.3	128.77	258.44	284.59
Other Current Assets	-	171.08	158.83	91.09	72.98
Total Current Assets	-	2,398	2,750	7,682	3,000
Property, Plant & Equipment	-	721.68	543.6	521.59	243.47
Long-Term Investments	-	257.61	156.36	83.49	60.62
Other Intangible Assets	-	17.3	17.7	21.24	16.59
Long-Term Deferred Tax Assets	-	216.9	210.18	173.95	16.63
Long-Term Deferred Charges	-	3.11	14.87	17.21	1.45
Other Long-Term Assets	-	2,979	3,694	695.33	78.24
Total Assets	-	6,593	7,387	9,195	3,417
Accounts Payable	-	278.11	681.58	1,294	174.31
Accrued Expenses	-	87.97	154.94	364.68	83.18
Short-Term Debt	-	3	23.61	164.67	30
Current Portion of Leases	-	4.3	7.29	18.17	3.62
Current Income Taxes Payable	-	6.44	6.27	144.02	131.8
Current Unearned Revenue	-	37.96	53.17	309.58	71.18
Other Current Liabilities	-	78.07	92.5	69.96	51.9
Total Current Liabilities	-	495.86	1,019	2,365	545.98
Long-Term Leases	-	5.82	18.25	20.75	10.74
Long-Term Unearned Revenue	-	20.87	14.26	5.96	5.96
Long-Term Deferred Tax Liabilities	-	50.42	39.59	31.07	4.33
Other Long-Term Liabilities	-	1.44	3.03	-	-
Total Liabilities	-	574.4	1,094	2,423	567.02
Common Stock	-	232.52	232.52	156.19	104.88
Additional Paid-In Capital	-	818.1	820.18	887.89	904.5
Retained Earnings	-	5,014	4,973	5,472	1,812
Treasury Stock	-	-237.95	-	-16.02	-32.77
Total Common Equity	5,561	5,826	6,026	6,500	2,789
Minority Interest	-	192.29	266.21	271.92	61.25
Shareholders' Equity	5,727	6,019	6,292	6,772	2,850
Total Liabilities & Equity	-	6,593	7,387	9,195	3,417
Total Debt	10.75	13.11	49.16	203.59	44.36
Net Cash (Debt)	3,740	1,284	1,089	4,375	1,846
Net Cash Growth	191.32%	17.87%	-75.10%	137.02%	153.67%
Net Cash Per Share	15.90	5.68	4.80	19.03	8.72
Filing Date Shares Outstanding	282.39	220.05	232.52	232.73	232.84
Total Common Shares Outstanding	282.39	220.05	232.52	232.73	232.84
Working Capital	-	1,902	1,731	5,317	2,454
Book Value Per Share	25.34	26.48	25.92	27.93	11.98
Tangible Book Value	5,545	5,809	6,008	6,479	2,772
Tangible Book Value Per Share	25.26	26.40	25.84	27.84	11.91
Buildings	-	440.3	116.98	116.66	78
Machinery	-	380.8	402.91	374.05	158.18
Construction In Progress	-	120.79	185.19	121.52	73.58

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