SHE:000695 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	Dec '21 Dec 31, 2021
Cash & Equivalents	12.35	12	76.76	14.68	28.52
Cash & Short-Term Investments	12.35	12	76.76	14.68	28.52
Cash Growth	2.92%	-84.36%	422.99%	-48.53%	-49.63%
Accounts Receivable	273.66	168.06	104.75	201.05	251.3
Other Receivables	4.14	27.8	9.07	7.14	8.89
Receivables	277.8	195.86	113.82	208.19	260.19
Inventory	256.92	172.22	77.87	153.72	199.29
Other Current Assets	35.92	35.75	20.28	11.48	17.38
Total Current Assets	582.99	415.84	288.73	388.07	505.38
Property, Plant & Equipment	1,789	518.16	388.08	364.62	402.19
Long-Term Investments	-	-	-	-	0.96
Other Intangible Assets	367.37	276.25	125.57	33.06	34.29
Long-Term Deferred Tax Assets	45.92	41	11.07	1.09	23.65
Long-Term Deferred Charges	7.93	8.88	2.7	37.55	46.75
Other Long-Term Assets	35.32	148.89	21.65	0.27	1.11
Total Assets	2,828	1,409	837.8	824.66	1,014
Accounts Payable	920.46	357.04	238.09	194.35	255.02
Accrued Expenses	6.05	4.33	3.66	48.12	6.39
Short-Term Debt	21.44	10.01	11.02	89.29	110.19
Current Portion of Leases	201.85	77.13	8.75	20.45	66.07
Current Income Taxes Payable	0	0.41	9.02	0.47	1.17
Current Unearned Revenue	2.67	0.73	8.2	4.34	1.91
Other Current Liabilities	1,046	477.71	227	94.85	6.07
Total Current Liabilities	2,198	927.37	505.74	451.86	446.82
Long-Term Leases	291.24	96.72	61.31	31.21	35.45
Long-Term Unearned Revenue	158.74	158.74	36.18	9.07	12.2
Long-Term Deferred Tax Liabilities	15.1	0.3	-	2.85	2.85
Total Liabilities	2,663	1,183	603.22	495	497.31
Common Stock	222.15	222.15	222.15	222.15	222.15
Additional Paid-In Capital	89.4	79.79	74.69	74.69	74.69
Retained Earnings	-239.7	-151.56	-113.6	-95.49	6.95
Comprehensive Income & Other	2.42	1.2	-	-	-
Total Common Equity	74.26	151.57	183.23	201.34	303.78
Minority Interest	90.54	74.33	51.34	128.32	213.24
Shareholders' Equity	164.8	225.89	234.58	329.66	517.02
Total Liabilities & Equity	2,828	1,409	837.8	824.66	1,014
Total Debt	514.52	183.86	81.07	140.96	211.71
Net Cash (Debt)	-502.17	-171.85	-4.31	-126.28	-183.19
Net Cash Per Share	-2.26	-0.77	-0.02	-0.57	-0.82
Filing Date Shares Outstanding	222.15	222.15	222.15	222.13	222.15
Total Common Shares Outstanding	222.15	222.15	222.15	222.13	222.15
Working Capital	-1,615	-511.53	-217.01	-63.79	58.56
Book Value Per Share	0.33	0.68	0.82	0.91	1.37
Tangible Book Value	-293.11	-124.68	57.67	168.29	269.49
Tangible Book Value Per Share	-1.32	-0.56	0.26	0.76	1.21
Buildings	470.4	224.47	144.72	65.99	65.99
Machinery	257.24	155.44	193.64	331.13	145.81
Construction In Progress	1,058	162.07	103.83	0.5	-

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