SHE:300180 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	185.7	422.27	436.98	415.86	480.8
Trading Asset Securities	4	0.52	2.1	137	13.43
Cash & Short-Term Investments	189.7	422.79	439.08	552.86	494.23
Cash Growth	-55.13%	-3.71%	-20.58%	11.86%	36.36%
Accounts Receivable	915.45	1,033	1,038	772.1	712.42
Other Receivables	17.34	9.08	65.89	47.67	17.42
Receivables	932.79	1,042	1,104	819.77	729.84
Inventory	716.49	836.17	717.46	988.22	937.98
Other Current Assets	129.97	115.66	124.1	131.71	272.48
Total Current Assets	1,969	2,417	2,385	2,493	2,435
Property, Plant & Equipment	3,220	3,598	3,980	4,328	4,332
Long-Term Investments	214.32	285	358.7	191.77	227.58
Goodwill	118.3	156.92	227.28	347.05	693.31
Other Intangible Assets	438.92	445.68	454.9	469.92	485.47
Long-Term Deferred Tax Assets	90.9	98.96	98.89	71.74	52.2
Long-Term Deferred Charges	37.99	38.11	32.99	28.07	26.31
Other Long-Term Assets	32.63	12.64	39.58	60.91	118.87
Total Assets	6,122	7,051	7,577	7,990	8,371
Accounts Payable	567.39	696.04	512.48	597.2	585.65
Accrued Expenses	62.02	82.4	67.5	65.13	83.86
Short-Term Debt	446.2	894.69	1,318	1,245	1,124
Current Portion of Long-Term Debt	3.61	457.37	263.49	235	210
Current Portion of Leases	-	5.07	3.56	6.01	3.78
Current Income Taxes Payable	11.04	0.01	0.42	0.02	0.1
Current Unearned Revenue	53.28	107.4	37.75	61.06	66.77
Other Current Liabilities	168.51	18.75	11.8	14.63	19.23
Total Current Liabilities	1,312	2,262	2,215	2,224	2,094
Long-Term Debt	-	-	620	779.91	864.9
Long-Term Leases	12.68	6.88	0.69	3.72	4.82
Long-Term Unearned Revenue	102.03	142.74	183.59	221.48	261.53
Long-Term Deferred Tax Liabilities	-	0.01	-	-	0
Other Long-Term Liabilities	9.29	6.86	1.59	0.55	0.55
Total Liabilities	1,436	2,418	3,021	3,229	3,225
Common Stock	1,761	1,761	1,761	1,761	1,761
Additional Paid-In Capital	2,584	2,584	2,584	2,584	2,584
Retained Earnings	397.26	339.3	268.18	479.97	834.25
Comprehensive Income & Other	-59.76	-55.18	-60.59	-67.56	-37.8
Total Common Equity	4,683	4,630	4,553	4,758	5,142
Minority Interest	3.36	3.68	3.56	2.98	3.31
Shareholders' Equity	4,686	4,633	4,557	4,761	5,145
Total Liabilities & Equity	6,122	7,051	7,577	7,990	8,371
Total Debt	462.49	1,364	2,206	2,269	2,208
Net Cash (Debt)	-272.79	-941.21	-1,766	-1,717	-1,714
Net Cash Per Share	-0.15	-0.53	-1.00	-0.97	-1.09
Filing Date Shares Outstanding	1,761	1,761	1,761	1,761	1,761
Total Common Shares Outstanding	1,761	1,761	1,761	1,761	1,761
Working Capital	656.9	154.82	170.17	268.73	340.85
Book Value Per Share	2.66	2.63	2.59	2.70	2.92
Tangible Book Value	4,126	4,027	3,871	3,941	3,963
Tangible Book Value Per Share	2.34	2.29	2.20	2.24	2.25
Buildings	-	1,857	1,827	1,805	1,574
Machinery	-	4,709	4,701	4,207	3,596
Construction In Progress	-	62.19	86.15	501.09	936.53

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