SHE:002985 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	378.4	404.99	752.49	714.63	1,145
Trading Asset Securities	-	-	30.09	-	-
Cash & Short-Term Investments	378.4	404.99	782.58	714.63	1,145
Cash Growth	-6.57%	-48.25%	9.51%	-37.59%	58.57%
Accounts Receivable	1,487	1,712	1,999	1,970	1,670
Other Receivables	2.43	3.64	3.16	1.28	0.69
Receivables	1,490	1,716	2,002	1,971	1,671
Inventory	997.05	889.63	719.96	543.77	364.54
Prepaid Expenses	2.14	1.82	-	-	-
Other Current Assets	31.25	54.49	75.63	53.58	21.94
Total Current Assets	2,899	3,067	3,581	3,283	3,203
Property, Plant & Equipment	565.78	610	617.83	523.68	380.88
Long-Term Investments	8.5	3.5	-	-	3.5
Goodwill	184.93	185.13	194.27	194.27	194.27
Other Intangible Assets	51.13	52.79	54.68	56.44	57.27
Long-Term Deferred Tax Assets	93.89	91.84	70.22	49.28	42.91
Long-Term Deferred Charges	10.36	12.31	19.98	22.19	13.11
Other Long-Term Assets	45.37	19.26	38.31	61.14	52.93
Total Assets	3,859	4,041	4,576	4,190	3,947
Accounts Payable	727.38	580.24	527.32	382.36	308.36
Accrued Expenses	21.72	7.35	23.31	40.41	53.9
Short-Term Debt	-	33.65	-	-	28.4
Current Portion of Long-Term Debt	-	6.22	-	-	-
Current Portion of Leases	11.8	10.19	12.06	9.56	6.16
Current Income Taxes Payable	14.06	5.84	4.61	4.26	64.05
Current Unearned Revenue	1.22	5.78	4.4	1.32	68.67
Other Current Liabilities	267.94	480.43	80.41	79.29	690.88
Total Current Liabilities	1,044	1,130	652.12	517.19	1,220
Long-Term Debt	-	292.5	-	-	-
Long-Term Leases	26.22	33.91	41.58	53.29	22.9
Long-Term Unearned Revenue	45.38	46.48	47.58	48.68	50.02
Long-Term Deferred Tax Liabilities	0.2	0.36	0.08	0.27	-
Other Long-Term Liabilities	-22.94	-26	-	-	-
Total Liabilities	1,093	1,477	741.36	619.43	1,293
Common Stock	331.85	331.85	331.85	331.85	255.27
Additional Paid-In Capital	837.76	836.44	1,436	1,434	1,267
Retained Earnings	1,493	1,301	1,391	1,173	909.28
Comprehensive Income & Other	27.84	27.63	27.24	23.52	19.76
Total Common Equity	2,690	2,496	3,185	2,963	2,452
Minority Interest	75.39	67.95	649.25	607.74	202.39
Shareholders' Equity	2,766	2,564	3,835	3,570	2,654
Total Liabilities & Equity	3,859	4,041	4,576	4,190	3,947
Total Debt	38.01	376.47	53.64	62.85	57.46
Net Cash (Debt)	340.39	28.53	728.94	651.77	1,088
Net Cash Growth	1093.25%	-96.09%	11.84%	-40.07%	52.75%
Net Cash Per Share	1.02	0.09	2.21	1.97	3.27
Filing Date Shares Outstanding	331.85	331.85	331.85	331.85	331.85
Total Common Shares Outstanding	331.85	331.85	331.85	331.85	331.85
Working Capital	1,855	1,937	2,928	2,766	1,982
Book Value Per Share	8.11	7.52	9.60	8.93	7.39
Tangible Book Value	2,454	2,259	2,936	2,712	2,200
Tangible Book Value Per Share	7.40	6.81	8.85	8.17	6.63
Buildings	89.99	87.57	50.85	50.85	48.59
Machinery	851.23	798.2	705.97	585.49	380.27
Construction In Progress	2.22	34.27	111.18	60.31	122.5

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