SHE:300123 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	304.26	318.92	278.52	481.57	617.22
Trading Asset Securities	0.59	4.08	6	-	4.39
Cash & Short-Term Investments	304.84	323	284.52	481.57	621.62
Cash Growth	-5.62%	13.52%	-40.92%	-22.53%	4.90%
Accounts Receivable	1,501	1,786	2,177	2,103	1,874
Other Receivables	15.04	9.19	21.69	34.53	66.54
Receivables	1,516	1,795	2,198	2,137	1,941
Inventory	473.06	548.77	574.14	600.79	734.02
Other Current Assets	47.75	89.9	70.48	106.33	127.8
Total Current Assets	2,342	2,756	3,127	3,326	3,424
Property, Plant & Equipment	996.88	1,163	1,404	1,659	1,677
Long-Term Investments	9.91	-	-	1.2	34.7
Goodwill	16.71	897.09	1,321	1,329	1,943
Other Intangible Assets	246.04	257.5	318.73	401.39	447.28
Long-Term Accounts Receivable	0.26	0.26	-	1.54	2.73
Long-Term Deferred Tax Assets	55.55	46.26	32.97	19.93	26.32
Long-Term Deferred Charges	19.3	6.21	5.82	6.76	5.23
Other Long-Term Assets	63.15	60.05	54.14	62.29	57.03
Total Assets	3,750	5,187	6,264	6,806	7,618
Accounts Payable	865.17	953.56	953.18	816.48	637.35
Accrued Expenses	48.22	69.67	72.68	73.99	55.94
Short-Term Debt	1,279	1,290	1,267	1,359	1,349
Current Portion of Long-Term Debt	150.5	102.86	118.71	158.83	404.49
Current Portion of Leases	0.1	0.05	1.4	-	-
Current Income Taxes Payable	0.22	3.43	17.36	1.45	0.58
Current Unearned Revenue	38.19	127.56	155.56	123.07	83.16
Other Current Liabilities	373.55	373.34	422.32	743.55	799.02
Total Current Liabilities	2,755	2,920	3,008	3,276	3,330
Long-Term Debt	432.4	447.75	480.18	502.99	51.01
Long-Term Leases	0.1	-	1.18	2.32	3.61
Long-Term Unearned Revenue	54.62	60.53	68.7	47.37	50.01
Long-Term Deferred Tax Liabilities	-	-	-	-	1.19
Other Long-Term Liabilities	5.04	7.17	13	75.99	63.73
Total Liabilities	3,247	3,435	3,571	3,905	3,499
Common Stock	1,022	1,022	1,022	1,008	1,008
Additional Paid-In Capital	3,426	3,426	3,430	3,377	3,386
Retained Earnings	-4,123	-2,894	-1,976	-1,693	-498.16
Treasury Stock	-	-	-	-0.48	-0.48
Comprehensive Income & Other	15.33	14.07	9.39	6.1	8.21
Total Common Equity	339.94	1,567	2,485	2,697	3,904
Minority Interest	162.47	183.97	206.94	204.99	215.13
Shareholders' Equity	502.41	1,751	2,692	2,902	4,119
Total Liabilities & Equity	3,750	5,187	6,264	6,806	7,618
Total Debt	1,862	1,840	1,868	2,023	1,808
Net Cash (Debt)	-1,558	-1,517	-1,584	-1,541	-1,186
Net Cash Per Share	-1.52	-1.49	-1.56	-1.53	-1.18
Filing Date Shares Outstanding	1,022	1,022	1,022	1,008	1,008
Total Common Shares Outstanding	1,022	1,022	1,022	1,008	1,008
Working Capital	-413.21	-163.67	119.27	49.7	94.77
Book Value Per Share	0.33	1.53	2.43	2.68	3.87
Tangible Book Value	77.2	412.82	845.88	966.73	1,513
Tangible Book Value Per Share	0.08	0.40	0.83	0.96	1.50
Buildings	1,254	1,254	1,332	1,438	1,227
Machinery	1,250	1,262	1,281	1,254	1,234
Construction In Progress	23.82	40.21	60.8	102.09	371.39

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