SHE:300006 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	Dec '21 Dec 31, 2021
Cash & Equivalents	926.06	1,072	836.44	846.29	559.43
Cash & Short-Term Investments	926.06	1,072	836.44	846.29	559.43
Cash Growth	-13.62%	28.18%	-1.16%	51.28%	2.67%
Accounts Receivable	252.92	286.67	339.21	348.39	445.38
Other Receivables	149.15	166.75	268.73	312.52	539.13
Receivables	402.08	453.42	607.94	660.9	984.51
Inventory	161.33	201.7	171	202.4	157.77
Prepaid Expenses	-	11.3	3.58	2.66	4.5
Other Current Assets	31.87	31.57	27.21	33.23	20.78
Total Current Assets	1,521	1,770	1,646	1,745	1,727
Property, Plant & Equipment	252.18	274.92	286.97	339.92	392.49
Long-Term Investments	384.12	378.28	519.68	522.71	481.36
Goodwill	44.95	44.95	32.94	32.94	32.94
Other Intangible Assets	131.18	181.83	189.3	184.11	116.36
Long-Term Accounts Receivable	-	-	34.06	32.41	-
Long-Term Deferred Tax Assets	152.39	128.24	132.35	116.58	104.62
Long-Term Deferred Charges	55.52	40.36	27.24	63.37	62.53
Other Long-Term Assets	33.04	37.13	22.15	17.64	9.47
Total Assets	2,575	2,856	2,891	3,055	2,927
Accounts Payable	93.48	65.62	37.9	49.63	34.26
Accrued Expenses	37.8	110.77	107.55	110.39	109.24
Short-Term Debt	179.42	242.91	113.5	121.5	130
Current Portion of Long-Term Debt	135.4	102.75	24	58	-
Current Portion of Leases	-	3.65	4.26	30.2	55.41
Current Income Taxes Payable	7.35	1.31	2.12	7.87	7.03
Current Unearned Revenue	13.21	13.79	17.85	24.04	13.07
Other Current Liabilities	261.82	260.8	255.09	299.51	317.8
Total Current Liabilities	728.49	801.61	562.27	701.14	666.8
Long-Term Debt	57.2	141.45	126.5	149	-
Long-Term Leases	1.46	3.83	2.53	6.57	33.9
Long-Term Unearned Revenue	4.45	6.29	6.39	9.04	12.26
Long-Term Deferred Tax Liabilities	19.05	19.29	19.26	4.47	1.68
Other Long-Term Liabilities	-	-	51.76	-	-
Total Liabilities	810.65	972.47	768.71	870.22	714.65
Common Stock	1,056	1,056	1,056	1,056	1,056
Additional Paid-In Capital	1,507	1,483	1,483	1,475	1,459
Retained Earnings	-750.67	-501.33	-414.9	-406.22	-358.52
Comprehensive Income & Other	-56.23	-162.53	-43.77	-	-
Total Common Equity	1,756	1,875	2,081	2,124	2,156
Minority Interest	8.18	8.04	41.51	60.52	55.78
Shareholders' Equity	1,764	1,883	2,122	2,185	2,212
Total Liabilities & Equity	2,575	2,856	2,891	3,055	2,927
Total Debt	373.48	494.59	270.79	365.27	219.32
Net Cash (Debt)	552.58	577.51	565.65	481.02	340.11
Net Cash Growth	-4.32%	2.10%	17.59%	41.43%	-
Net Cash Per Share	0.52	0.55	0.54	0.46	0.34
Filing Date Shares Outstanding	1,056	1,056	1,056	1,056	1,056
Total Common Shares Outstanding	1,056	1,056	1,056	1,056	1,056
Working Capital	792.85	968.49	1,084	1,044	1,060
Book Value Per Share	1.66	1.78	1.97	2.01	2.04
Tangible Book Value	1,580	1,649	1,858	1,907	2,007
Tangible Book Value Per Share	1.50	1.56	1.76	1.81	1.90
Buildings	-	411.75	413.99	412.67	412.67
Machinery	-	652.83	646.2	674.06	664.11
Construction In Progress	-	7	2.46	3.78	4.09

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