SHE:300416 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	692.05	812.45	931.46	1,060	1,005
Cash & Short-Term Investments	692.05	812.45	931.46	1,060	1,005
Cash Growth	-14.82%	-12.78%	-12.10%	5.46%	99.19%
Accounts Receivable	1,602	1,437	1,277	954.54	686.4
Other Receivables	37.05	38.76	24.91	22.05	14.76
Receivables	1,639	1,476	1,302	976.59	701.16
Inventory	368.74	376.99	340.27	395.89	353.02
Prepaid Expenses	1.34	1.56	1.08	2.07	2.31
Other Current Assets	101.27	106.37	120.24	117.31	155.63
Total Current Assets	2,803	2,773	2,695	2,551	2,217
Property, Plant & Equipment	1,917	1,877	1,760	1,356	1,221
Long-Term Investments	25.74	25.45	19.71	29.32	18.71
Goodwill	58.98	61.01	61.01	61.01	61.01
Other Intangible Assets	104.37	109	114.68	123.17	127.66
Long-Term Deferred Tax Assets	60.53	58.46	50.59	46.8	36.37
Long-Term Deferred Charges	116.1	118.37	113.31	109.88	90.35
Other Long-Term Assets	14.55	10.86	35.67	1.41	-
Total Assets	5,100	5,033	4,850	4,279	3,772
Accounts Payable	548.16	447.56	418.13	372.73	275
Accrued Expenses	151.54	125.88	116	120.51	80.12
Short-Term Debt	706.1	632.27	527.43	427.43	547.02
Current Portion of Long-Term Debt	65.1	112.19	137.09	50.53	68.44
Current Portion of Leases	36.4	31.3	36.5	21.82	20.6
Current Income Taxes Payable	13.67	9.2	10.39	11.17	17.87
Current Unearned Revenue	127.29	144.37	169.66	257.67	272.05
Other Current Liabilities	49.9	40.63	32.91	76.4	21.45
Total Current Liabilities	1,698	1,543	1,448	1,338	1,303
Long-Term Debt	73.5	110.87	166.05	334.05	410.17
Long-Term Leases	262.85	230.68	238.18	180.83	195.5
Long-Term Unearned Revenue	6.38	3.37	3.88	4.68	5.56
Long-Term Deferred Tax Liabilities	32.11	32.79	26.99	15.41	6.02
Other Long-Term Liabilities	2.03	2.01	2.19	2.75	2.25
Total Liabilities	2,075	1,923	1,885	1,876	1,922
Common Stock	508.55	508.55	508.55	386.99	284.58
Additional Paid-In Capital	772.88	938.59	941.28	910.33	759.27
Retained Earnings	1,484	1,303	1,149	892.66	665.47
Treasury Stock	-	-110.91	-70.37	-	-52.16
Comprehensive Income & Other	2	-0.04	0.17	11.37	56.54
Total Common Equity	2,768	2,639	2,528	2,201	1,714
Minority Interest	257.78	470.99	435.96	201.34	135.86
Shareholders' Equity	3,025	3,110	2,964	2,403	1,850
Total Liabilities & Equity	5,100	5,033	4,850	4,279	3,772
Total Debt	1,144	1,117	1,105	1,015	1,242
Net Cash (Debt)	-451.9	-304.85	-173.81	44.96	-236.93
Net Cash Per Share	-0.89	-0.60	-0.34	0.09	-0.53
Filing Date Shares Outstanding	508.55	501.49	503.99	503.08	445.72
Total Common Shares Outstanding	508.55	501.49	504.76	503.08	445.72
Working Capital	1,105	1,230	1,247	1,213	914.38
Book Value Per Share	5.44	5.26	5.01	4.38	3.84
Tangible Book Value	2,604	2,469	2,353	2,017	1,525
Tangible Book Value Per Share	5.12	4.92	4.66	4.01	3.42
Buildings	482.35	473.78	473.78	381.86	305.12
Machinery	2,119	1,900	1,513	1,148	974.58
Construction In Progress	45.07	82.44	162.63	135.17	134.05

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.