SHE:002134 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	164.13	135.23	140.89	88.15	157.01
Trading Asset Securities	-	-	-	-	0.03
Cash & Short-Term Investments	164.13	135.23	140.89	88.15	157.04
Cash Growth	21.38%	-4.02%	59.82%	-43.87%	60.23%
Accounts Receivable	511.63	396.05	330.54	187.32	224.86
Other Receivables	4.67	2.86	3.04	1.08	7.32
Receivables	516.29	398.91	333.58	188.4	232.19
Inventory	192.32	154.57	119.16	75.39	93.39
Other Current Assets	47.65	39.13	13.8	3.5	3.2
Total Current Assets	920.39	727.84	607.44	355.44	485.82
Property, Plant & Equipment	1,125	996.9	650.53	358.72	275.16
Long-Term Investments	5.97	7.43	8.08	9.57	9.06
Goodwill	131.48	131.48	131.48	-	-
Other Intangible Assets	67.98	78.15	82.01	15.37	10.23
Long-Term Deferred Tax Assets	5.75	4.74	-	0.75	1.07
Long-Term Deferred Charges	0.4	1.19	-	-	-
Other Long-Term Assets	13.23	7.03	23.02	20.31	6.58
Total Assets	2,271	1,955	1,503	760.16	787.91
Accounts Payable	727.19	605.1	452.67	273.16	323.01
Accrued Expenses	31.12	34.36	47.78	7.98	10.48
Short-Term Debt	-	12.4	25.62	-	-
Current Portion of Long-Term Debt	56.83	60.38	8.4	0.01	-
Current Portion of Leases	-	2.44	4.75	-	-
Current Income Taxes Payable	1.76	2.4	3.02	-	0.04
Current Unearned Revenue	2.75	2.21	2.86	3	1.77
Other Current Liabilities	45.1	16.83	29.52	10.26	16.84
Total Current Liabilities	864.75	736.13	574.61	294.43	352.14
Long-Term Debt	599.02	433.19	160.26	15.21	-
Long-Term Leases	5.73	8.17	18.04	-	-
Long-Term Unearned Revenue	19.3	10.15	7.45	8.08	9.21
Long-Term Deferred Tax Liabilities	7.6	8.97	10.69	0.22	0.2
Other Long-Term Liabilities	-	-	-	0.04	0.32
Total Liabilities	1,496	1,197	771.06	317.97	361.87
Common Stock	246.54	245.85	245.85	245.85	245.85
Additional Paid-In Capital	304.42	297.92	302.27	302.27	302.27
Retained Earnings	-42.11	-46.87	-80.74	-107.16	-123.22
Treasury Stock	-9.01	-16.5	-16.5	-	-
Comprehensive Income & Other	-0.2	0.6	0.6	1.23	1.14
Total Common Equity	499.64	480.99	451.48	442.19	426.04
Minority Interest	274.54	277.17	280.02	-	-
Shareholders' Equity	774.18	758.16	731.51	442.19	426.04
Total Liabilities & Equity	2,271	1,955	1,503	760.16	787.91
Total Debt	661.58	516.58	217.06	15.22	-
Net Cash (Debt)	-497.45	-381.36	-76.17	72.93	157.04
Net Cash Growth	-	-	-	-53.56%	115.17%
Net Cash Per Share	-2.09	-1.69	-0.32	0.32	0.64
Filing Date Shares Outstanding	197.06	244.18	244.18	245.85	245.85
Total Common Shares Outstanding	197.06	244.18	244.18	245.85	245.85
Working Capital	55.65	-8.3	32.82	61.01	133.67
Book Value Per Share	2.54	1.97	1.85	1.80	1.73
Tangible Book Value	300.19	271.36	237.99	426.82	415.81
Tangible Book Value Per Share	1.52	1.11	0.97	1.74	1.69
Buildings	-	701.19	170.52	163.63	163.63
Machinery	-	700.56	545.79	414.8	527.44
Construction In Progress	-	74.46	378.98	168.13	92.93

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