SHE:002943 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	227.41	213.2	137.96	433.52	84.98
Trading Asset Securities	-	-	-	10.12	-
Cash & Short-Term Investments	227.41	213.2	137.96	443.63	84.98
Cash Growth	6.66%	54.54%	-68.90%	422.06%	-40.23%
Accounts Receivable	660.94	848.48	891.7	677.1	371.12
Other Receivables	3.25	6.43	6.62	36.26	71.39
Receivables	664.19	854.91	898.32	713.36	442.5
Inventory	339.04	450.75	637.97	383.99	253.89
Prepaid Expenses	-	0.15	0.15	0.15	0.15
Other Current Assets	171.96	87.65	111.92	66.7	27.74
Total Current Assets	1,403	1,607	1,786	1,608	809.26
Property, Plant & Equipment	1,119	1,145	1,203	457.76	394.21
Long-Term Investments	2.73	3.43	5	-	-
Goodwill	-	-	7.1	7.1	7.1
Other Intangible Assets	126.47	124.64	142.29	69.34	73.7
Long-Term Accounts Receivable	-	18.78	58.71	10.51	10.12
Long-Term Deferred Tax Assets	28.44	32.94	52.61	29.66	20.21
Long-Term Deferred Charges	12.5	18.23	32.31	7.4	4.92
Other Long-Term Assets	39.09	23.6	60.04	46.63	24.78
Total Assets	2,731	2,973	3,347	2,236	1,344
Accounts Payable	463.66	490.69	657.52	333.43	222.12
Accrued Expenses	17.41	17.04	26.47	18.24	12.23
Short-Term Debt	76.85	203.02	181.08	177.37	44.89
Current Portion of Long-Term Debt	294.62	125.74	8.01	4.7	2
Current Portion of Leases	-	11.33	13.05	1.7	1.92
Current Income Taxes Payable	7.58	0	0.39	7.92	3.19
Current Unearned Revenue	136.99	270.72	275.89	103.4	64.03
Other Current Liabilities	96.99	119.69	268.68	157.24	84.55
Total Current Liabilities	1,094	1,238	1,431	803.99	434.93
Long-Term Debt	326.46	454.14	122.81	77.37	47.06
Long-Term Leases	1.65	316.44	307.59	3.01	4.99
Long-Term Unearned Revenue	97.1	88.01	81.87	89.54	76.08
Long-Term Deferred Tax Liabilities	2.17	5.08	12.03	4.41	1.47
Other Long-Term Liabilities	324.73	-	-	-	-
Total Liabilities	1,846	2,102	1,955	978.32	564.53
Common Stock	205.46	204.87	156.92	120	100
Additional Paid-In Capital	710.25	702	733.22	777.42	446.83
Retained Earnings	0.63	-12.52	425.06	312	214.7
Treasury Stock	-31.08	-31.08	-	-	-
Comprehensive Income & Other	-2.56	-1.57	-	-	-
Total Common Equity	882.71	861.71	1,315	1,209	761.54
Minority Interest	1.79	9.42	76.4	48.48	18.24
Shareholders' Equity	884.49	871.13	1,392	1,258	779.78
Total Liabilities & Equity	2,731	2,973	3,347	2,236	1,344
Total Debt	699.58	1,111	632.54	264.14	100.85
Net Cash (Debt)	-472.17	-897.47	-494.58	179.49	-15.88
Net Cash Per Share	-2.32	-4.81	-2.43	1.06	-0.10
Filing Date Shares Outstanding	-	203.27	204	202.8	169
Total Common Shares Outstanding	-	203.27	204	202.8	169
Working Capital	308.51	368.43	355.23	803.83	374.33
Book Value Per Share	-	4.24	6.45	5.96	4.51
Tangible Book Value	756.24	737.07	1,166	1,133	680.74
Tangible Book Value Per Share	-	3.63	5.71	5.59	4.03
Buildings	-	600.03	568.54	267.21	274.84
Machinery	-	463.72	558.79	216.51	156.99
Construction In Progress	-	208.57	157.61	50.61	22.33

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