SHE:002107 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	394.41	344.77	401.1	278.29	326.84
Cash & Short-Term Investments	394.41	344.77	401.1	278.29	326.84
Cash Growth	14.40%	-14.04%	44.13%	-14.86%	-33.89%
Accounts Receivable	70.64	71	99.21	146.8	115.59
Other Receivables	5.42	16.65	19.96	21.23	8.72
Receivables	76.06	87.65	119.17	168.04	124.31
Inventory	93.46	107.13	149.09	146.03	165.91
Other Current Assets	2.84	3.56	3.65	6.84	3.5
Total Current Assets	566.77	543.12	673	599.21	620.57
Property, Plant & Equipment	326.45	355.46	382.98	409.78	447.75
Goodwill	32.51	32.51	32.51	32.51	32.51
Other Intangible Assets	34.34	35.56	36.84	36.03	54.8
Long-Term Deferred Tax Assets	0.36	1.03	0.73	1.19	2.76
Other Long-Term Assets	16.95	18.05	18.65	21.28	2.71
Total Assets	977.37	985.73	1,145	1,100	1,161
Accounts Payable	38.75	41.97	54.47	45.28	26.85
Accrued Expenses	149.07	153.92	170.75	174.06	117.43
Short-Term Debt	-	-	-	0.28	-
Current Portion of Leases	0.92	1.02	0.4	0.73	-
Current Income Taxes Payable	5.51	3.19	3.13	7.43	7.9
Current Unearned Revenue	5.44	6.85	5.6	12.43	5.55
Other Current Liabilities	41.04	35.34	53.64	43.24	46.01
Total Current Liabilities	240.73	242.29	287.99	283.44	203.74
Long-Term Leases	0.23	1.15	-	0.4	-
Long-Term Unearned Revenue	11.74	14.97	17.93	20.73	23.77
Long-Term Deferred Tax Liabilities	3.7	4.18	4.59	4.34	3.74
Other Long-Term Liabilities	0.06	0.21	0.72	1.29	0.58
Total Liabilities	256.47	262.8	311.23	310.2	231.83
Common Stock	577.21	577.21	577.21	577.21	577.21
Additional Paid-In Capital	-	-	-	-	2.35
Retained Earnings	146.61	120.16	228.06	169.29	241.16
Total Common Equity	723.82	697.37	805.27	746.5	820.72
Minority Interest	-2.92	25.57	28.21	43.29	108.55
Shareholders' Equity	720.9	722.93	833.48	789.79	929.26
Total Liabilities & Equity	977.37	985.73	1,145	1,100	1,161
Total Debt	1.15	2.18	0.4	1.41	-
Net Cash (Debt)	393.25	342.6	400.7	276.88	326.84
Net Cash Growth	14.79%	-14.50%	44.72%	-15.29%	6.96%
Net Cash Per Share	0.70	0.56	0.68	0.49	0.56
Filing Date Shares Outstanding	577.21	577.21	577.21	577.21	577.21
Total Common Shares Outstanding	577.21	577.21	577.21	577.21	577.21
Working Capital	326.04	300.83	385.01	315.76	416.82
Book Value Per Share	1.25	1.21	1.40	1.29	1.42
Tangible Book Value	656.97	629.3	735.92	677.96	733.41
Tangible Book Value Per Share	1.14	1.09	1.27	1.17	1.27
Buildings	411.09	411.09	411.09	410.52	435.5
Machinery	219.04	222.35	223.41	219.51	226.5
Construction In Progress	-	-	-	1.58	-

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