SHE:002395 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	445.96	261.85	293.79	293.84	269.68
Cash & Short-Term Investments	445.96	261.85	293.79	293.84	269.68
Cash Growth	70.31%	-10.87%	-0.02%	8.96%	-46.90%
Accounts Receivable	435.28	465.23	359.45	344.57	376.07
Other Receivables	25.86	78.87	0.66	-	-
Receivables	461.13	544.1	360.11	344.57	376.07
Inventory	365.56	302	298.66	252.31	372.94
Other Current Assets	40.37	56.36	49.69	116.6	157.94
Total Current Assets	1,313	1,164	1,002	1,007	1,177
Property, Plant & Equipment	970.69	958.51	898.13	676.28	666.99
Long-Term Investments	-	-	-	-	60
Other Intangible Assets	121.09	124.09	127.14	71.05	107.66
Long-Term Deferred Tax Assets	8.12	7.37	15.39	15.56	8.08
Long-Term Deferred Charges	9.1	8.22	6.24	6.48	6.74
Other Long-Term Assets	4.25	12.96	223.82	260.63	38.76
Total Assets	2,426	2,275	2,273	2,037	2,065
Accounts Payable	271.74	286.48	295.23	299.18	439.7
Accrued Expenses	25.85	29.55	21.43	17.72	20.02
Short-Term Debt	65.2	99.73	112.75	89.09	102.06
Current Portion of Long-Term Debt	0.8	-	-	-	-
Current Portion of Leases	-	0.77	0.53	0.27	0.25
Current Income Taxes Payable	5.16	18.16	1.62	1.31	-
Current Unearned Revenue	46.89	34.34	29.5	26.34	58.34
Other Current Liabilities	303.93	273.02	259.35	146.39	265.14
Total Current Liabilities	719.58	742.05	720.42	580.29	885.51
Long-Term Leases	5.43	6.23	3.12	2.26	2.53
Long-Term Unearned Revenue	172.39	159.45	131.25	92.95	30.51
Long-Term Deferred Tax Liabilities	6.79	7.64	0.87	-	-
Other Long-Term Liabilities	-	-	502.47	502.47	241.5
Total Liabilities	904.19	915.37	1,358	1,178	1,160
Common Stock	268.21	268.21	268.21	268.21	268.21
Additional Paid-In Capital	337.91	337.91	337.91	337.91	337.91
Retained Earnings	915.48	753.96	308.72	253.23	298.68
Comprehensive Income & Other	0.49	-	-	-	-
Total Common Equity	1,522	1,360	914.84	859.35	904.81
Shareholders' Equity	1,522	1,360	914.84	859.35	904.81
Total Liabilities & Equity	2,426	2,275	2,273	2,037	2,065
Total Debt	71.43	106.73	116.4	91.61	104.84
Net Cash (Debt)	374.53	155.12	177.39	202.23	164.84
Net Cash Growth	141.44%	-12.55%	-12.28%	22.68%	-63.19%
Net Cash Per Share	1.40	0.58	0.66	0.75	0.61
Filing Date Shares Outstanding	268.23	268.21	268.21	268.21	268.21
Total Common Shares Outstanding	268.23	268.21	268.21	268.21	268.21
Working Capital	593.45	422.26	281.83	427.03	291.12
Book Value Per Share	5.67	5.07	3.41	3.20	3.37
Tangible Book Value	1,401	1,236	787.7	788.3	797.15
Tangible Book Value Per Share	5.22	4.61	2.94	2.94	2.97
Buildings	-	368.96	270.87	267.62	142.44
Machinery	-	920.7	639.86	595.15	600.01
Construction In Progress	-	2.19	273.82	31.55	422.8

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