SHE:002999 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	Dec '21 Dec 31, 2021
Cash & Equivalents	827.96	1,443	724.65	957.96	1,228
Cash & Short-Term Investments	827.96	1,443	724.65	957.96	1,228
Cash Growth	-42.64%	99.19%	-24.36%	-21.99%	12.49%
Accounts Receivable	462.81	497.63	393.67	191.83	78.45
Other Receivables	49.6	22.41	15.51	33.09	19.86
Receivables	512.41	520.04	409.19	224.92	98.31
Inventory	2,519	3,135	2,501	2,179	1,988
Other Current Assets	2,191	1,449	1,786	1,882	1,260
Total Current Assets	6,050	6,548	5,422	5,245	4,575
Property, Plant & Equipment	1,549	1,306	1,057	867.44	725.1
Long-Term Investments	57.82	56.4	56.73	88.86	96.42
Goodwill	32.86	32.86	32.86	32.86	32.86
Other Intangible Assets	176.06	178.98	185.56	192.79	201.33
Long-Term Deferred Tax Assets	89.02	76.11	70.49	57.4	41.03
Long-Term Deferred Charges	21.07	18.86	19.95	19.58	10.53
Other Long-Term Assets	11.33	30.06	29.86	140.01	52.62
Total Assets	7,987	8,247	6,874	6,643	5,735
Accounts Payable	2,465	2,547	2,826	2,377	2,162
Accrued Expenses	124.62	97.77	142.71	207.13	192.75
Short-Term Debt	1,250	1,876	533.05	410.23	383.73
Current Portion of Long-Term Debt	26.98	4.6	3.88	4.09	4.55
Current Portion of Leases	-	20.98	12.31	8.23	9.97
Current Income Taxes Payable	42.52	23.2	60.56	48.61	36.6
Current Unearned Revenue	1,128	1,010	1,043	1,328	764.14
Other Current Liabilities	107.6	97.47	105.75	132.31	76.83
Total Current Liabilities	5,145	5,678	4,726	4,516	3,631
Long-Term Debt	-	679.12	596	596	696
Long-Term Leases	150.34	46.3	31.86	27.64	29.27
Long-Term Unearned Revenue	179.14	123.72	56.43	54.97	25.43
Long-Term Deferred Tax Liabilities	0.87	0.49	0.47	9.05	10.16
Other Long-Term Liabilities	786	-	-	-	-
Total Liabilities	6,261	6,527	5,411	5,203	4,392
Common Stock	347.59	347.59	347.59	347.59	347.59
Additional Paid-In Capital	318.46	323.08	321.36	321.71	322.57
Retained Earnings	556.42	539.54	559	493.6	422.3
Comprehensive Income & Other	0.66	0.65	0.81	0.8	-1.51
Total Common Equity	1,223	1,211	1,229	1,164	1,091
Minority Interest	503.02	508.84	234.22	276.52	252.03
Shareholders' Equity	1,726	1,720	1,463	1,440	1,343
Total Liabilities & Equity	7,987	8,247	6,874	6,643	5,735
Total Debt	1,427	2,627	1,177	1,046	1,124
Net Cash (Debt)	-599.5	-1,184	-452.45	-88.23	104.5
Net Cash Per Share	-1.70	-3.19	-1.31	-0.26	0.30
Filing Date Shares Outstanding	349.85	347.59	347.59	347.59	347.59
Total Common Shares Outstanding	349.85	347.59	347.59	347.59	347.59
Working Capital	905.57	870	695.19	728.94	943.95
Book Value Per Share	3.50	3.48	3.54	3.35	3.14
Tangible Book Value	1,014	999.02	1,010	938.05	856.75
Tangible Book Value Per Share	2.90	2.87	2.91	2.70	2.46
Buildings	-	660.77	509.1	506.14	215.42
Machinery	-	211.28	191.93	169.1	136.87
Construction In Progress	-	558.66	502.14	314.5	470.52

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