SHE:300889 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	428.39	512.38	522.63	580.52	1,044
Trading Asset Securities	41.19	48.85	10.65	10.31	240.27
Cash & Short-Term Investments	469.58	561.23	533.29	590.84	1,285
Cash Growth	-16.33%	5.24%	-9.74%	-54.01%	6.81%
Accounts Receivable	896.72	803.35	982.56	920.18	809.13
Other Receivables	23.01	45.08	20.72	9.22	7.41
Receivables	919.73	848.42	1,003	929.4	816.55
Inventory	329.09	266.87	260.22	235.39	183.27
Other Current Assets	63.16	51.87	51.83	44.62	20.83
Total Current Assets	1,782	1,728	1,849	1,800	2,305
Property, Plant & Equipment	630.74	570.83	643.52	620.33	290.2
Long-Term Investments	25.46	10.55	12.28	3	-
Goodwill	168.78	40.43	98.96	113.12	-
Other Intangible Assets	137.86	43.94	51.29	41.92	15.78
Long-Term Deferred Tax Assets	63.65	43.05	47.13	44.4	17.97
Long-Term Deferred Charges	51.31	48.69	23.34	10.72	9.59
Other Long-Term Assets	76.53	37.59	25.35	24.81	20.8
Total Assets	2,936	2,523	2,750	2,659	2,660
Accounts Payable	527.04	373.7	430.81	519.48	776.18
Accrued Expenses	38.48	47.57	45.84	34.68	40.39
Short-Term Debt	321.99	254.17	161.07	64.36	81.07
Current Portion of Long-Term Debt	27.54	6.73	24.76	6.69	-
Current Portion of Leases	7.64	9.5	14.87	17.85	24.9
Current Income Taxes Payable	4.84	1.46	14.44	1.56	0.13
Current Unearned Revenue	47.37	27.17	25.81	26.09	21.29
Other Current Liabilities	404.58	232.08	231.72	239.66	34.7
Total Current Liabilities	1,379	952.39	949.31	910.36	978.67
Long-Term Debt	37	26.74	93.71	18.71	-
Long-Term Leases	4.87	16.29	43.52	81.86	95.79
Long-Term Deferred Tax Liabilities	23	4.43	21.57	24.95	0.04
Other Long-Term Liabilities	2.58	2.78	2.47	6	20.12
Total Liabilities	1,447	1,003	1,111	1,042	1,095
Common Stock	220.23	156	156	156	156
Additional Paid-In Capital	944.08	988.34	988.34	988.34	988.34
Retained Earnings	282.75	359.99	472.09	447.13	415.86
Treasury Stock	-22.14	-11.5	-11.5	-	-
Comprehensive Income & Other	-28.5	-0.74	-0.6	-0.48	0.02
Total Common Equity	1,396	1,492	1,604	1,591	1,560
Minority Interest	92.54	28.74	35.59	25.66	4.76
Shareholders' Equity	1,489	1,521	1,640	1,617	1,565
Total Liabilities & Equity	2,936	2,523	2,750	2,659	2,660
Total Debt	399.03	313.44	337.93	189.48	201.76
Net Cash (Debt)	70.55	247.79	195.35	401.36	1,083
Net Cash Growth	-71.53%	26.84%	-51.33%	-62.93%	-7.38%
Net Cash Per Share	0.33	1.14	0.90	1.84	4.96
Filing Date Shares Outstanding	214.98	217.23	217.23	218.4	218.4
Total Common Shares Outstanding	214.98	217.23	217.23	218.4	218.4
Working Capital	402.09	775.99	899.32	889.87	1,327
Book Value Per Share	6.50	6.87	7.39	7.28	7.14
Tangible Book Value	1,090	1,408	1,454	1,436	1,544
Tangible Book Value Per Share	5.07	6.48	6.69	6.57	7.07
Buildings	539.16	454.55	458.28	295.97	18.58
Machinery	314.32	174.96	157.52	150.12	85.17
Construction In Progress	5.03	2.95	66.26	152.78	107.89

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