SHE:000962 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	247.36	502.74	793.37	249.16	113.99
Cash & Short-Term Investments	247.36	502.74	793.37	249.16	113.99
Cash Growth	-50.80%	-36.63%	218.42%	118.58%	12.14%
Accounts Receivable	540.86	464.58	317.65	234.77	184.9
Other Receivables	108.97	65.41	23.04	57.33	0.53
Receivables	649.83	529.99	340.69	292.09	185.43
Inventory	926.6	498.27	441.15	421.76	365.77
Other Current Assets	23.81	18.36	57.15	35.3	28.68
Total Current Assets	1,848	1,549	1,632	998.31	693.88
Property, Plant & Equipment	1,121	546.27	313.83	301	289.72
Long-Term Investments	713.54	716.27	699.41	606.18	556.05
Other Intangible Assets	148.59	107.88	106.03	58.97	66.87
Long-Term Deferred Tax Assets	2.1	0.01	0.32	1.11	0.34
Long-Term Deferred Charges	14.9	25.26	21.59	25.33	16.69
Other Long-Term Assets	96.08	116.19	44.18	9.38	11.34
Total Assets	3,943	3,061	2,818	2,000	1,635
Accounts Payable	362.4	252.65	245.79	135.05	107.27
Accrued Expenses	3.5	13.46	12.18	12.1	13.68
Current Portion of Long-Term Debt	150.44	-	-	-	-
Current Portion of Leases	5.79	-	-	-	-
Current Income Taxes Payable	3.59	1.58	2.29	1.27	1.17
Current Unearned Revenue	13.45	25.64	20.4	91.57	39.26
Other Current Liabilities	103.11	100.91	59.15	31.72	1.33
Total Current Liabilities	642.28	394.24	339.8	271.71	162.71
Long-Term Debt	446.8	-	-	150.78	100
Long-Term Leases	8.63	-	1.5	7.34	11.4
Long-Term Unearned Revenue	39.17	37.41	44.38	39.74	41.62
Long-Term Deferred Tax Liabilities	2.05	-	0.26	1.07	-
Other Long-Term Liabilities	19	22.53	22.53	23.43	23.43
Total Liabilities	1,158	454.18	408.48	494.06	339.15
Common Stock	504.86	504.97	505.23	440.83	440.83
Additional Paid-In Capital	1,889	1,915	1,905	1,232	1,198
Retained Earnings	387.07	192.94	7.49	-179.64	-350.19
Treasury Stock	-14.08	-22.21	-23.67	-	-
Comprehensive Income & Other	2.26	2.5	2.13	2.68	0.28
Total Common Equity	2,769	2,593	2,396	1,496	1,288
Minority Interest	16.1	14.34	13	10.57	7.29
Shareholders' Equity	2,785	2,607	2,409	1,506	1,296
Total Liabilities & Equity	3,943	3,061	2,818	2,000	1,635
Total Debt	611.67	-	1.5	158.12	111.4
Net Cash (Debt)	-364.31	502.74	791.87	91.04	2.59
Net Cash Growth	-	-36.51%	769.81%	3416.58%	-
Net Cash Per Share	-0.72	1.00	1.73	0.21	0.01
Filing Date Shares Outstanding	501.87	504.97	505.23	440.83	440.83
Total Common Shares Outstanding	501.87	504.97	505.23	440.83	440.83
Working Capital	1,205	1,155	1,293	726.6	531.17
Book Value Per Share	5.52	5.13	4.74	3.39	2.92
Tangible Book Value	2,621	2,485	2,290	1,437	1,222
Tangible Book Value Per Share	5.22	4.92	4.53	3.26	2.77
Buildings	528.44	434.05	351.26	371.08	390.66
Machinery	1,124	936.08	873.64	886.62	885.14
Construction In Progress	435.84	136.26	76.46	43.36	0.14

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