SHE:002896 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	92.49	145.08	133.68	192.07	302.97
Cash & Short-Term Investments	92.49	145.08	133.68	192.07	302.97
Cash Growth	-36.25%	8.53%	-30.40%	-36.60%	217.26%
Accounts Receivable	225.74	214.64	322.28	227.31	187.32
Other Receivables	1.69	4.62	4.47	1.34	1.77
Receivables	227.43	219.26	326.76	228.65	189.09
Inventory	317.48	255.94	242.84	321.73	307.91
Prepaid Expenses	-	-	-	1.38	1.62
Other Current Assets	7.33	12.12	6.15	7.92	5
Total Current Assets	644.73	632.4	709.43	751.75	806.59
Property, Plant & Equipment	1,057	878.39	786.31	600.37	585.76
Long-Term Investments	2.77	11.06	2.23	3.66	1.75
Other Intangible Assets	101.71	83.22	85.75	86.96	36.25
Long-Term Deferred Tax Assets	22.54	17.36	9.08	4.94	4.88
Long-Term Deferred Charges	1.38	1.8	1.13	-	-
Other Long-Term Assets	23.43	14.32	27.32	30.61	45.05
Total Assets	1,853	1,639	1,621	1,478	1,480
Accounts Payable	267.07	179.19	194.11	150.48	166.39
Accrued Expenses	36.71	63.22	69.78	51.51	59.88
Short-Term Debt	209.52	100.06	110.08	75.07	140.16
Current Portion of Long-Term Debt	6.32	-	-	0.03	0.2
Current Portion of Leases	-	6.9	6.8	0.8	9.98
Current Income Taxes Payable	6.29	4.48	3.72	1.08	0.35
Current Unearned Revenue	14.39	12.04	12.37	20.11	10.72
Other Current Liabilities	34.65	6.54	3.8	22.27	1.36
Total Current Liabilities	574.95	372.43	400.65	321.36	389.05
Long-Term Debt	-	-	-	30	244.69
Long-Term Leases	4.44	8.66	14.99	-	0.8
Long-Term Unearned Revenue	71.63	82.9	92.67	76.99	81.94
Total Liabilities	651.01	463.98	508.31	428.34	716.49
Common Stock	196.52	151.17	151.17	151.17	104
Additional Paid-In Capital	479.04	524.39	524.39	524.39	299.21
Retained Earnings	520.7	497.3	436.84	374.27	339.11
Comprehensive Income & Other	5.54	1.34	-	-	21.35
Total Common Equity	1,202	1,174	1,112	1,050	763.67
Minority Interest	0.3	0.36	0.53	0.11	0.13
Shareholders' Equity	1,202	1,175	1,113	1,050	763.8
Total Liabilities & Equity	1,853	1,639	1,621	1,478	1,480
Total Debt	220.28	115.62	131.87	105.91	395.84
Net Cash (Debt)	-127.79	29.46	1.82	86.17	-92.87
Net Cash Growth	-	1522.15%	-97.89%	-	-
Net Cash Per Share	-0.65	0.15	0.01	0.47	-0.53
Filing Date Shares Outstanding	192.01	196.52	196.52	196.52	175.76
Total Common Shares Outstanding	192.01	196.52	196.52	196.52	175.76
Working Capital	69.78	259.97	308.78	430.39	417.53
Book Value Per Share	6.26	5.97	5.66	5.34	4.34
Tangible Book Value	1,100	1,091	1,027	962.87	727.42
Tangible Book Value Per Share	5.73	5.55	5.22	4.90	4.14
Land	-	25.14	-	-	-
Buildings	-	391.46	139.93	150.52	150.52
Machinery	-	894.27	788.87	765.37	695.02
Construction In Progress	-	39.1	241.33	20.8	1.96

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