SHE:001239 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	237.11	338.75	618.21	20.4	68.3
Trading Asset Securities	215.72	270.19	-	2.24	4.86
Cash & Short-Term Investments	452.83	608.94	618.21	22.65	73.16
Cash Growth	-25.64%	-1.50%	2629.80%	-69.05%	-20.61%
Accounts Receivable	1,396	1,559	694.24	437.29	314.6
Other Receivables	12.53	6.85	4.16	4.55	5.78
Receivables	1,409	1,566	698.41	441.84	320.38
Inventory	837.38	674.08	330.6	313.24	355.55
Other Current Assets	31.38	126.27	16.18	7.4	8.7
Total Current Assets	2,730	2,975	1,663	785.13	757.8
Property, Plant & Equipment	663.29	661.02	328.13	305.53	281.72
Long-Term Investments	307.85	-	-	-	-
Other Intangible Assets	136.75	143.78	40.11	41.41	43.26
Long-Term Accounts Receivable	128.18	112.92	73.21	77.42	63.58
Long-Term Deferred Tax Assets	31.57	24	10.27	10.15	9.78
Long-Term Deferred Charges	3.83	6.06	2.47	2.46	3.12
Other Long-Term Assets	12.8	18.4	11	6.32	11.37
Total Assets	4,014	3,941	2,129	1,228	1,171
Accounts Payable	567.84	546.76	208.37	167.33	200.1
Accrued Expenses	35.93	43.91	22.19	27.18	18.36
Short-Term Debt	246.95	324.32	98.08	24.62	70.43
Current Portion of Long-Term Debt	167.66	256.44	116.88	247.38	4.15
Current Portion of Leases	-	-	2.93	2.79	4.56
Current Income Taxes Payable	25.75	12.33	17.6	1.42	18.57
Current Unearned Revenue	2.03	2.66	0.45	1.09	1.21
Other Current Liabilities	107.02	166.12	17.51	12.75	52.74
Total Current Liabilities	1,153	1,353	484.01	484.56	370.12
Long-Term Debt	716.97	540.28	350.32	177.01	330.12
Long-Term Leases	-	-	5.43	8.69	11.18
Long-Term Unearned Revenue	67.16	53.85	41.23	46.17	51.11
Long-Term Deferred Tax Liabilities	36.3	54.48	19.41	12.92	0.53
Other Long-Term Liabilities	1.25	15.76	4.98	3.64	5.03
Total Liabilities	1,975	2,017	905.38	732.98	768.09
Common Stock	240	240	240	180	180
Additional Paid-In Capital	779.49	779.49	779.49	203.29	203.29
Retained Earnings	330.38	282.84	203.76	112.54	19.23
Comprehensive Income & Other	4.49	4.44	-0.06	-0.39	0.02
Total Common Equity	1,354	1,307	1,223	495.44	402.55
Minority Interest	685.21	617.41	-	-	-
Shareholders' Equity	2,040	1,924	1,223	495.44	402.55
Total Liabilities & Equity	4,014	3,941	2,129	1,228	1,171
Total Debt	1,132	1,121	573.64	460.48	420.44
Net Cash (Debt)	-678.75	-512.11	44.57	-437.84	-347.28
Net Cash Per Share	-2.83	-2.13	0.25	-2.43	-1.93
Filing Date Shares Outstanding	240	240	240	180	180
Total Common Shares Outstanding	240	240	240	180	180
Working Capital	1,577	1,622	1,179	300.58	387.68
Book Value Per Share	5.64	5.44	5.10	2.75	2.24
Tangible Book Value	1,218	1,163	1,183	454.02	359.29
Tangible Book Value Per Share	5.07	4.85	4.93	2.52	2.00
Buildings	423.75	415.7	148.34	138.6	137.83
Machinery	853.68	806.24	381.35	353.61	312.77
Construction In Progress	10.3	15.32	26.17	9.29	2.09

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