SHE:001234 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	163.62	213.58	206.75	64.9	75.05
Trading Asset Securities	221.41	260.2	265.87	498.31	20
Cash & Short-Term Investments	385.02	473.78	472.62	563.21	95.05
Cash Growth	-18.73%	0.25%	-16.09%	492.54%	32.72%
Accounts Receivable	232.04	204.52	177.72	123.63	182.42
Other Receivables	0.61	0.11	0.21	0.28	0.42
Receivables	232.65	204.63	177.94	123.91	182.84
Inventory	167.35	152.82	145.47	138.31	146.65
Other Current Assets	6.47	3.22	2.15	2.95	4.77
Total Current Assets	791.49	834.44	798.18	828.39	429.32
Property, Plant & Equipment	397.72	351.71	302.01	244	184.67
Other Intangible Assets	26.32	26.63	26.52	27.39	28.11
Long-Term Deferred Tax Assets	5.57	5.6	5.12	4.08	3.75
Other Long-Term Assets	0.91	0.63	1.31	2.65	0.31
Total Assets	1,222	1,219	1,133	1,106	646.16
Accounts Payable	106.61	96.74	103.94	88.21	98.51
Accrued Expenses	45.73	53.42	49.31	50.46	59.28
Short-Term Debt	114.3	131.03	72.52	75.54	-
Current Portion of Long-Term Debt	0.32	-	-	-	-
Current Portion of Leases	-	0.3	0.07	0.04	0.57
Current Income Taxes Payable	2.16	1.76	1.2	-	1.78
Current Unearned Revenue	0.8	0.17	2.15	1.19	1.19
Other Current Liabilities	18.3	29.62	4.19	3.08	3.56
Total Current Liabilities	288.22	313.05	233.38	218.52	164.89
Long-Term Leases	0.21	0.33	0.07	-	0.04
Long-Term Unearned Revenue	3.72	4.14	4.42	4.04	4.37
Long-Term Deferred Tax Liabilities	-	-	-	0.51	-
Total Liabilities	292.15	317.52	237.86	223.08	169.3
Common Stock	109.41	109.43	106.67	106.67	80
Additional Paid-In Capital	568.2	563.8	531.52	531.52	175.15
Retained Earnings	266.11	251.06	257.08	245.23	221.71
Treasury Stock	-13.85	-22.81	-	-	-
Shareholders' Equity	929.87	901.49	895.28	883.42	476.86
Total Liabilities & Equity	1,222	1,219	1,133	1,106	646.16
Total Debt	114.84	131.66	72.65	75.58	0.61
Net Cash (Debt)	270.19	342.12	399.97	487.63	94.44
Net Cash Growth	-21.02%	-14.46%	-17.98%	416.34%	135.05%
Net Cash Per Share	2.52	3.16	3.74	4.70	1.18
Filing Date Shares Outstanding	99.97	106.67	106.67	106.67	106.67
Total Common Shares Outstanding	99.97	106.67	106.67	106.67	80
Working Capital	503.28	521.4	564.8	609.87	264.43
Book Value Per Share	9.30	8.45	8.39	8.28	5.96
Tangible Book Value	903.56	874.86	868.75	856.03	448.75
Tangible Book Value Per Share	9.04	8.20	8.14	8.03	5.61
Buildings	-	259.31	250.78	132.72	132.72
Machinery	-	316.27	281.45	218.74	211.1
Construction In Progress	-	40.02	7.34	117.05	49.19

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