SHE:002119 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	94.05	146.5	198.29	257.02	216.01
Short-Term Investments	302.45	74.73	-	-	-
Trading Asset Securities	10.04	1.32	0.77	40.43	0.21
Cash & Short-Term Investments	406.54	222.55	199.06	297.45	216.22
Cash Growth	82.67%	11.80%	-33.08%	37.57%	44.32%
Accounts Receivable	701.44	594.1	489.41	381.6	652
Other Receivables	37.12	22.99	19.51	2.53	1.64
Receivables	738.56	617.09	508.92	384.13	653.64
Inventory	581.48	421.57	433.06	377.21	415.22
Prepaid Expenses	1.22	0.98	0.59	0.66	0.39
Other Current Assets	12.47	6.22	6.37	15.17	14.54
Total Current Assets	1,740	1,268	1,148	1,075	1,300
Property, Plant & Equipment	614.12	603.29	637.95	653.51	665.72
Long-Term Investments	101.25	292.96	359.35	-	-
Goodwill	1.29	1.29	1.29	1.29	1.29
Other Intangible Assets	66.26	59.36	60.33	62.02	68.23
Long-Term Deferred Tax Assets	31.46	26.8	25.83	24.18	22.28
Long-Term Deferred Charges	4.73	0.43	0.81	2.62	2.33
Other Long-Term Assets	52.62	85.03	84.88	88.93	74.6
Total Assets	2,612	2,338	2,318	1,907	2,134
Accounts Payable	419.98	237.98	211.53	137.66	304.81
Accrued Expenses	39.24	32.58	29.04	35.01	40.84
Short-Term Debt	532.8	448.04	537.07	283.6	421.45
Current Portion of Long-Term Debt	99.86	105.08	165.15	65.07	92.1
Current Portion of Leases	0.77	-	-	-	-
Current Income Taxes Payable	5.73	0.37	0.53	3.17	8.15
Current Unearned Revenue	4.8	4.51	8.53	8.63	11.12
Other Current Liabilities	12.08	8.97	6.92	9.29	10.39
Total Current Liabilities	1,115	837.53	958.77	542.43	888.86
Long-Term Debt	55.04	80.06	-	75.07	45.06
Long-Term Leases	2.23	-	-	-	-
Long-Term Unearned Revenue	64.26	50.86	61.92	63.35	57.82
Long-Term Deferred Tax Liabilities	2.78	1.92	2.47	0.38	-
Total Liabilities	1,240	970.37	1,023	681.23	991.73
Common Stock	375.28	375.28	375.28	375.28	375.28
Additional Paid-In Capital	112.16	112.16	112.16	112.16	112.16
Retained Earnings	984.99	879.78	807.84	738.5	655.28
Treasury Stock	-100	-	-	-	-
Total Common Equity	1,372	1,367	1,295	1,226	1,143
Shareholders' Equity	1,372	1,367	1,295	1,226	1,143
Total Liabilities & Equity	2,612	2,338	2,318	1,907	2,134
Total Debt	690.7	633.18	702.22	423.74	558.61
Net Cash (Debt)	-284.16	-410.63	-503.16	-126.29	-342.39
Net Cash Per Share	-0.76	-1.09	-1.31	-0.33	-0.91
Filing Date Shares Outstanding	375.28	375.28	375.28	375.28	375.28
Total Common Shares Outstanding	375.28	375.28	375.28	375.28	375.28
Working Capital	625.02	430.89	189.23	532.19	411.15
Book Value Per Share	3.66	3.64	3.45	3.27	3.04
Tangible Book Value	1,305	1,307	1,234	1,163	1,073
Tangible Book Value Per Share	3.48	3.48	3.29	3.10	2.86
Buildings	348.49	366.35	383.65	383.14	391.56
Machinery	911.98	945.86	877.92	844.54	782.25
Construction In Progress	53.49	20.06	37.76	13.62	34.41

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