SHE:301051 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	666.13	428.25	702.74	1,159	735.36
Short-Term Investments	50	374.21	780	510	260
Trading Asset Securities	5.15	475	-	10	612.79
Cash & Short-Term Investments	721.28	1,277	1,483	1,679	1,608
Cash Growth	-43.54%	-13.84%	-11.69%	4.41%	972.66%
Accounts Receivable	465.17	706.49	686.72	585.61	626.33
Other Receivables	143.98	122.71	95.83	45.85	55.39
Receivables	609.15	829.2	782.55	631.46	681.71
Inventory	203.9	237.01	312.39	217.17	290.69
Other Current Assets	17.47	42.61	14.7	12.19	48.5
Total Current Assets	1,552	2,386	2,592	2,540	2,629
Property, Plant & Equipment	2,389	2,229	1,858	1,699	1,401
Long-Term Investments	7.65	7.75	-	-	-
Goodwill	72.24	74.16	70.73	72.65	74.57
Other Intangible Assets	36.82	37.71	101.7	104.45	36.8
Long-Term Deferred Tax Assets	125.1	188.1	106.72	101.38	40.24
Long-Term Deferred Charges	18.81	79.18	103.83	34.38	48.81
Other Long-Term Assets	82.55	201.3	129.2	166.71	275.82
Total Assets	4,284	5,204	4,962	4,719	4,506
Accounts Payable	434.91	529.35	411.73	311.63	581.26
Accrued Expenses	35.69	48.33	46.54	40.98	48.74
Short-Term Debt	1,102	1,342	1,101	929.24	225.52
Current Portion of Long-Term Debt	63.15	104.57	90.35	77.5	62.5
Current Portion of Leases	24.3	36.88	19.21	19.18	30.72
Current Income Taxes Payable	-	0.15	0.14	0.42	0.39
Current Unearned Revenue	3.27	5.21	2.79	23.85	4.38
Other Current Liabilities	192.16	171.27	153.73	133.6	118.35
Total Current Liabilities	1,856	2,238	1,825	1,536	1,072
Long-Term Debt	199.27	262.04	163.4	353.5	155
Long-Term Leases	28.25	65.05	26.17	42.79	82.63
Long-Term Unearned Revenue	20.82	46.62	27.12	29.68	32.21
Long-Term Deferred Tax Liabilities	74.56	82.56	76.65	80.7	74.57
Other Long-Term Liabilities	-	28.13	-	-	-
Total Liabilities	2,178	2,723	2,118	2,043	1,416
Common Stock	203.04	168.95	120	80	80
Additional Paid-In Capital	1,868	1,923	1,930	1,945	1,945
Retained Earnings	-77.65	231.88	609.26	568.76	800.64
Comprehensive Income & Other	-3	-5.57	-5.73	-4.26	1.06
Total Common Equity	1,990	2,318	2,654	2,590	2,827
Minority Interest	114.94	162.91	190.18	85.77	263.13
Shareholders' Equity	2,105	2,481	2,844	2,675	3,090
Total Liabilities & Equity	4,284	5,204	4,962	4,719	4,506
Total Debt	1,417	1,811	1,400	1,422	556.37
Net Cash (Debt)	-695.72	-533.55	83.09	256.85	1,052
Net Cash Growth	-	-	-67.65%	-75.58%	-
Net Cash Per Share	-3.42	-2.64	0.41	1.27	6.27
Filing Date Shares Outstanding	203.04	202.74	201.6	201.6	201.6
Total Common Shares Outstanding	203.04	202.74	201.6	201.6	201.6
Working Capital	-303.7	148.06	767.37	1,003	1,557
Book Value Per Share	9.80	11.43	13.16	12.85	14.02
Tangible Book Value	1,881	2,206	2,481	2,413	2,716
Tangible Book Value Per Share	9.26	10.88	12.31	11.97	13.47
Buildings	1,252	1,082	1,067	1,026	877.23
Machinery	1,757	1,398	1,116	864.78	597.15
Construction In Progress	6.51	252.08	43.53	4.61	9.56

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