SHE:001278 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	660.64	583.77	880.7	429.12	351.63
Trading Asset Securities	45	50.07	30.09	-	-
Cash & Short-Term Investments	705.65	633.83	910.79	429.12	351.63
Cash Growth	11.33%	-30.41%	112.24%	22.04%	-4.83%
Accounts Receivable	852.84	780.84	563.68	490.01	386.7
Other Receivables	19.27	17.95	2.96	5.86	2.8
Receivables	872.11	798.79	566.64	495.87	389.5
Inventory	628.75	678.54	549.83	516.27	451.07
Prepaid Expenses	-	1.81	3.44	1.55	1.57
Other Current Assets	70.88	87.97	51.36	46.22	40.69
Total Current Assets	2,277	2,201	2,082	1,489	1,234
Property, Plant & Equipment	991.74	862.05	723.73	515.45	417.77
Long-Term Investments	135	-	-	-	-
Other Intangible Assets	200.3	207.51	104.02	106.6	98.08
Long-Term Deferred Tax Assets	77.94	63.88	55.31	25.65	17.69
Long-Term Deferred Charges	102.99	93.39	134.98	117.09	102.24
Other Long-Term Assets	17.75	11.29	59.05	27.35	12.3
Total Assets	3,803	3,439	3,159	2,281	1,883
Accounts Payable	1,305	1,229	1,192	1,023	889.56
Accrued Expenses	51.19	59.52	67.42	47.91	37.94
Short-Term Debt	344.65	165.94	281.84	328.4	213.42
Current Portion of Long-Term Debt	405.02	200.27	19.49	-	12.5
Current Portion of Leases	-	11.06	12.08	24.76	32.93
Current Income Taxes Payable	35.52	7.53	8.98	15.95	7.45
Current Unearned Revenue	1.51	1.61	17	21.41	3.48
Other Current Liabilities	16.31	45.78	28.91	20.74	13.81
Total Current Liabilities	2,160	1,720	1,628	1,482	1,211
Long-Term Debt	373.98	360.84	172.53	25	27.5
Long-Term Leases	23.12	24.28	33.56	17.06	24.83
Long-Term Unearned Revenue	17.01	13.78	14.54	12.15	7.86
Long-Term Deferred Tax Liabilities	10.7	9.55	12.26	6.86	2.24
Other Long-Term Liabilities	6.68	1.15	1.65	0.23	-
Total Liabilities	2,591	2,130	1,862	1,543	1,274
Common Stock	123.73	123.73	123.73	92.8	92.8
Additional Paid-In Capital	725.79	725.79	725.79	290.65	275.8
Retained Earnings	374.29	460.73	442.55	351.1	240.49
Comprehensive Income & Other	-	-0.26	-0.16	-0.13	-0.08
Total Common Equity	1,224	1,310	1,292	734.43	609.01
Minority Interest	-11.87	-0.82	4.88	3.72	-
Shareholders' Equity	1,212	1,309	1,297	738.15	609.01
Total Liabilities & Equity	3,803	3,439	3,159	2,281	1,883
Total Debt	1,147	762.39	519.51	395.22	311.19
Net Cash (Debt)	-441.12	-128.56	391.29	33.9	40.44
Net Cash Growth	-	-	1054.15%	-16.18%	-70.91%
Net Cash Per Share	-3.56	-1.04	3.53	0.36	0.44
Filing Date Shares Outstanding	123.83	123.73	123.73	92.8	92.8
Total Common Shares Outstanding	123.83	123.73	123.73	92.8	92.8
Working Capital	117.71	480.66	454.25	7.31	23.36
Book Value Per Share	9.88	10.59	10.44	7.91	6.56
Tangible Book Value	1,024	1,102	1,188	627.83	510.93
Tangible Book Value Per Share	8.27	8.91	9.60	6.77	5.51
Buildings	-	429.85	289.07	217.47	212.48
Machinery	-	689.13	565.43	472.93	401.95
Construction In Progress	-	119.3	173.22	108.35	47.84

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