SHE:002947 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	1,342	600.79	703.27	311.32	385.65
Short-Term Investments	-	-	-	280	482
Trading Asset Securities	722.78	1,084	206.65	261.18	25
Cash & Short-Term Investments	2,065	1,685	909.92	852.5	892.65
Cash Growth	22.56%	85.16%	6.73%	-4.50%	-4.37%
Accounts Receivable	1,324	1,236	944.52	748.81	604.14
Other Receivables	23.02	20.6	19.77	13.87	24
Receivables	1,347	1,256	964.28	762.68	628.15
Inventory	293.24	269.8	209.87	288.37	207.49
Other Current Assets	4.93	4.31	6.14	3.01	3.94
Total Current Assets	3,710	3,215	2,090	1,907	1,732
Property, Plant & Equipment	554.72	567.32	487.84	408.23	282.54
Goodwill	73.61	73.61	73.61	73.61	74.06
Other Intangible Assets	65	65.35	65.88	71.77	73.01
Long-Term Deferred Tax Assets	5.64	1.72	3.83	13.82	8.92
Long-Term Deferred Charges	21.51	19.85	21.61	9.48	12.82
Other Long-Term Assets	13.53	15.83	59.47	7.07	11.6
Total Assets	4,444	3,959	2,802	2,491	2,195
Accounts Payable	706.91	528.86	474.44	417.99	394.91
Accrued Expenses	59.12	70.36	41.67	83.23	42.57
Short-Term Debt	149.47	51.28	58.96	0.91	4.17
Current Portion of Leases	16.89	12.64	9.88	18.87	9.91
Current Income Taxes Payable	16.74	31.75	6.53	7.74	9.4
Current Unearned Revenue	0.55	0.28	2.79	0.12	0.59
Other Current Liabilities	9.27	13.76	19.06	26.26	3.29
Total Current Liabilities	958.96	708.94	613.33	555.12	464.85
Long-Term Debt	270.13	4.97	0.7	-	-
Long-Term Leases	67.34	72.69	77.2	51.06	5.8
Long-Term Unearned Revenue	12.13	1.82	2.12	1.73	1.79
Long-Term Deferred Tax Liabilities	7.07	0.02	5.63	17.12	-
Total Liabilities	1,316	788.45	698.99	625.03	472.44
Common Stock	256.21	256.21	230.17	230.17	176.13
Additional Paid-In Capital	1,799	1,797	1,074	1,056	1,105
Retained Earnings	1,525	1,143	800.23	587.89	429.68
Treasury Stock	-466.8	-38.35	-13.52	-20.79	-
Comprehensive Income & Other	2.59	1.8	0.86	0.03	-0.09
Total Common Equity	3,115	3,159	2,091	1,854	1,711
Minority Interest	12.61	10.92	11.97	11.73	12.14
Shareholders' Equity	3,128	3,170	2,103	1,866	1,723
Total Liabilities & Equity	4,444	3,959	2,802	2,491	2,195
Total Debt	503.83	141.59	146.74	70.84	19.89
Net Cash (Debt)	1,561	1,543	763.18	781.65	872.76
Net Cash Growth	1.16%	102.20%	-2.36%	-10.44%	-6.26%
Net Cash Per Share	6.10	6.45	3.34	3.40	3.91
Filing Date Shares Outstanding	243.76	255.01	228.98	240.66	228.97
Total Common Shares Outstanding	243.76	255.01	228.98	240.66	228.97
Working Capital	2,751	2,506	1,477	1,351	1,267
Book Value Per Share	12.78	12.39	9.13	7.70	7.47
Tangible Book Value	2,977	3,020	1,952	1,708	1,564
Tangible Book Value Per Share	12.21	11.84	8.52	7.10	6.83
Buildings	227.37	156.07	130.84	77.73	77.73
Machinery	492.61	437.49	390.57	328.52	264.57
Construction In Progress	11.9	94.68	40.42	63.28	31.97

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