SHE:002012 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	513.31	667.62	873.71	537.7	545.92
Short-Term Investments	-	-	-	10	-
Trading Asset Securities	220.59	160	40.86	169.63	165.25
Cash & Short-Term Investments	733.9	827.62	914.57	717.34	711.17
Cash Growth	-11.32%	-9.51%	27.50%	0.87%	22.86%
Accounts Receivable	140.71	147.52	166.6	461.65	646.52
Other Receivables	3.75	28.77	35.94	12.39	10.48
Receivables	144.46	176.28	202.54	474.04	657
Inventory	173.63	125.77	191.42	332.53	315.96
Other Current Assets	114.94	16.12	16.72	60.07	26.65
Total Current Assets	1,167	1,146	1,325	1,584	1,711
Property, Plant & Equipment	94.37	104.87	117.64	370.93	365.07
Long-Term Investments	617.69	533.14	505.36	284	258.75
Other Intangible Assets	5.15	7.41	7.67	40.17	36.58
Long-Term Deferred Tax Assets	4.1	3.66	3.03	9.96	8.04
Other Long-Term Assets	10.44	4.58	1.31	11.93	35.72
Total Assets	1,899	1,799	1,960	2,301	2,415
Accounts Payable	88.84	44.51	97.97	179.1	187.49
Accrued Expenses	12.94	13.43	11.15	86.11	96.8
Short-Term Debt	32.35	12.16	110.1	141.21	211.87
Current Portion of Long-Term Debt	5.7	4.48	12.99	45.06	-
Current Portion of Leases	-	1.5	1.13	2.4	7.19
Current Income Taxes Payable	7.41	3.12	4.81	0.92	8.98
Current Unearned Revenue	1.05	0.68	0.69	9.71	4.5
Other Current Liabilities	4.07	2.1	1.78	61.56	28.66
Total Current Liabilities	152.36	81.97	240.61	526.07	545.49
Long-Term Debt	4.48	8.96	14.94	41.54	45.06
Long-Term Leases	-	1.22	0.04	1.65	2.35
Long-Term Unearned Revenue	6.78	7.21	7.25	15.98	13.49
Long-Term Deferred Tax Liabilities	0	0.01	0.02	0	9.08
Other Long-Term Liabilities	-	-	-	1.61	0.81
Total Liabilities	163.62	99.38	262.86	586.86	616.28
Common Stock	467.63	467.63	467.63	467.63	467.63
Additional Paid-In Capital	270.36	270.36	270.36	269.98	269.95
Retained Earnings	818.77	788.94	797.68	755.82	711.74
Total Common Equity	1,557	1,527	1,536	1,493	1,449
Minority Interest	178.32	173.15	161.73	220.67	349.34
Shareholders' Equity	1,735	1,700	1,697	1,714	1,799
Total Liabilities & Equity	1,899	1,799	1,960	2,301	2,415
Total Debt	42.53	28.31	139.19	231.85	266.47
Net Cash (Debt)	691.37	799.31	775.38	485.48	444.7
Net Cash Growth	-13.50%	3.09%	59.71%	9.17%	81.34%
Net Cash Per Share	1.53	1.71	1.63	1.00	0.95
Filing Date Shares Outstanding	504.69	467.63	467.63	467.63	467.63
Total Common Shares Outstanding	504.69	467.63	467.63	467.63	467.63
Working Capital	1,015	1,064	1,085	1,058	1,165
Book Value Per Share	3.08	3.27	3.28	3.19	3.10
Tangible Book Value	1,552	1,520	1,528	1,453	1,413
Tangible Book Value Per Share	3.07	3.25	3.27	3.11	3.02
Buildings	-	117.3	120.61	431.19	423.44
Machinery	-	166.96	169.78	947.85	869.62
Construction In Progress	-	4.69	-	19.08	33.52

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