SHE:002972 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	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Cash & Equivalents	541	336.73	332.59	536.37	669.8
Short-Term Investments	40.98	153.18	-	-	-
Trading Asset Securities	-	27.15	-	-	-
Cash & Short-Term Investments	581.98	517.06	332.59	536.37	669.8
Cash Growth	12.56%	55.46%	-37.99%	-19.92%	-5.42%
Accounts Receivable	428.19	527.79	558.62	597.7	465.04
Other Receivables	36.05	22.01	37.51	19.57	33.03
Receivables	464.25	549.8	596.13	617.27	498.07
Inventory	125.94	154.89	141.25	93.93	74.12
Other Current Assets	3.02	9.41	2.73	1.65	31.12
Total Current Assets	1,175	1,231	1,073	1,249	1,273
Property, Plant & Equipment	132.52	137.85	138.38	133.84	121.02
Long-Term Investments	60.82	40.53	137.92	-	-
Other Intangible Assets	2.34	2.41	7.4	2.64	2.83
Long-Term Deferred Tax Assets	44.89	37.26	26.38	19.26	16.63
Long-Term Deferred Charges	0.37	0.99	1.81	2.38	3.16
Other Long-Term Assets	5.76	4.48	13.79	135.83	6.32
Total Assets	1,422	1,455	1,398	1,543	1,423
Accounts Payable	37.91	58.11	47.98	119.37	65.26
Accrued Expenses	17.96	20.38	21.68	33.47	27.61
Short-Term Debt	29.8	49.93	-	50	-
Current Portion of Leases	4.76	6.16	7.14	6.13	9.11
Current Income Taxes Payable	14.13	16.67	6.95	28.82	19
Current Unearned Revenue	54.47	61.26	39.85	12.86	28.32
Other Current Liabilities	16.5	12.03	17.29	24.91	20.71
Total Current Liabilities	175.53	224.53	140.89	275.57	170
Long-Term Leases	1.62	5.52	4.97	1.52	6.04
Long-Term Unearned Revenue	6.17	6.39	3.09	3.22	5.73
Long-Term Deferred Tax Liabilities	0.88	1.61	1.88	-	-
Other Long-Term Liabilities	9.14	-	-	-	-
Total Liabilities	193.34	238.05	150.83	280.32	181.77
Common Stock	246.01	246.01	246.01	176.32	176.32
Additional Paid-In Capital	387.01	387.01	387.01	467.86	467.86
Retained Earnings	602.85	588.87	610.96	653.33	618.1
Treasury Stock	-10	-10	-	-35.99	-21
Comprehensive Income & Other	2.3	4.14	2.81	0.74	-0.63
Total Common Equity	1,228	1,216	1,247	1,262	1,241
Minority Interest	0.38	0.59	0.75	0.61	0.65
Shareholders' Equity	1,229	1,217	1,248	1,263	1,241
Total Liabilities & Equity	1,422	1,455	1,398	1,543	1,423
Total Debt	36.17	61.6	12.11	57.66	15.15
Net Cash (Debt)	545.81	455.45	320.49	478.71	654.65
Net Cash Growth	19.84%	42.11%	-33.05%	-26.88%	-7.56%
Net Cash Per Share	2.22	1.85	1.31	1.96	2.67
Filing Date Shares Outstanding	244.84	244.84	243.91	243.91	245.17
Total Common Shares Outstanding	244.84	244.84	243.91	243.91	245.17
Working Capital	999.66	1,007	931.81	973.65	1,103
Book Value Per Share	5.02	4.97	5.11	5.18	5.06
Tangible Book Value	1,226	1,214	1,239	1,260	1,238
Tangible Book Value Per Share	5.01	4.96	5.08	5.16	5.05
Buildings	139.04	126.68	126.64	119.47	54.65
Machinery	41.38	39.98	36.55	32.31	26.6
Construction In Progress	6.77	10.56	2.79	6.61	50.73

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