SHE:000707 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	1,024	1,111	809.31	702.02	481.37
Cash & Short-Term Investments	1,024	1,111	809.31	702.02	481.37
Cash Growth	-7.85%	37.28%	15.28%	45.84%	602.55%
Accounts Receivable	149.37	93.61	294.94	113.68	99.62
Other Receivables	0.79	0.78	0.82	0.71	0.17
Receivables	150.16	94.52	295.76	114.44	100
Inventory	86.32	70.05	62.44	95.52	122.92
Other Current Assets	105.56	66.56	127.24	19.86	23.89
Total Current Assets	1,366	1,342	1,295	931.84	728.18
Property, Plant & Equipment	3,466	1,672	975.81	1,159	1,280
Long-Term Investments	0.3	292.77	281.34	290.79	59.5
Other Intangible Assets	444.16	399.38	394.31	341.28	110.34
Long-Term Deferred Tax Assets	22.32	8.43	8.59	9.29	8.95
Other Long-Term Assets	20.06	14.72	58.65	-	-
Total Assets	5,319	3,729	3,013	2,732	2,187
Accounts Payable	419.09	284.41	274.59	316.28	316.59
Accrued Expenses	12.41	11.12	26.82	28.86	22.99
Short-Term Debt	77.04	87.07	79.06	270.72	254.62
Current Portion of Long-Term Debt	308.15	21.25	231.44	269.08	294.08
Current Income Taxes Payable	9.33	0	-	-	-
Current Unearned Revenue	118.59	96.18	85.42	109.67	167.95
Other Current Liabilities	38.11	23.54	28.43	27.36	56.32
Total Current Liabilities	982.72	523.58	725.76	1,022	1,113
Long-Term Debt	1,337	835.11	182.34	234.6	475.83
Long-Term Unearned Revenue	122.45	30.25	2.31	4.66	8.92
Long-Term Deferred Tax Liabilities	27.7	-	2.78	-	-
Other Long-Term Liabilities	13.41	0.55	0.55	4.37	0.4
Total Liabilities	2,483	1,389	913.74	1,266	1,598
Common Stock	584.72	464.15	464.15	464.15	464.15
Additional Paid-In Capital	1,625	1,182	1,183	1,181	1,177
Retained Earnings	575.55	693.77	437.02	-179.29	-1,052
Comprehensive Income & Other	1.02	0.31	15.92	0.4	0.35
Total Common Equity	2,786	2,340	2,100	1,466	589.27
Minority Interest	50.18	-	-	-	-
Shareholders' Equity	2,836	2,340	2,100	1,466	589.27
Total Liabilities & Equity	5,319	3,729	3,013	2,732	2,187
Total Debt	1,722	943.43	492.84	774.4	1,025
Net Cash (Debt)	-697.92	167.63	316.47	-72.38	-543.16
Net Cash Growth	-	-47.03%	-	-	-
Net Cash Per Share	-1.36	0.36	0.68	-0.16	-1.17
Filing Date Shares Outstanding	583.91	464.15	464.15	464.15	464.15
Total Common Shares Outstanding	583.91	464.15	464.15	464.15	464.15
Working Capital	383.17	818.6	568.99	-90.13	-384.36
Book Value Per Share	4.77	5.04	4.52	3.16	1.27
Tangible Book Value	2,342	1,940	1,705	1,125	478.94
Tangible Book Value Per Share	4.01	4.18	3.67	2.42	1.03
Buildings	-	617.27	626.86	764.98	739.53
Machinery	-	2,772	2,766	2,776	2,815
Construction In Progress	-	807.1	20.24	1.73	5.08

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