SHE:003005 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	1,091	1,065	830.14	816.93	676.97
Trading Asset Securities	1.14	96.47	6.68	16.7	260.44
Cash & Short-Term Investments	1,092	1,162	836.83	833.64	937.4
Cash Growth	-6.03%	38.84%	0.38%	-11.07%	-13.15%
Accounts Receivable	331.5	329.41	273.8	317.14	371.86
Other Receivables	22.44	25.01	33.17	32	40.76
Receivables	353.93	354.42	306.97	349.13	412.62
Inventory	92.85	127.66	141.49	110.37	143.69
Other Current Assets	35.37	33.45	31.08	24.21	16.28
Total Current Assets	1,574	1,677	1,316	1,317	1,510
Property, Plant & Equipment	437.31	428.48	409.39	389.58	292.33
Long-Term Investments	20.37	22.72	23.32	26.09	22.73
Goodwill	-	1.72	-	-	-
Other Intangible Assets	101.66	91.76	85.82	84.89	85.71
Long-Term Accounts Receivable	-	16.37	9.35	16.1	17.36
Long-Term Deferred Tax Assets	28.82	28.7	24.92	19.78	14.58
Long-Term Deferred Charges	21.76	13.51	4.73	2.74	0.01
Other Long-Term Assets	20.01	-	-	-	1.38
Total Assets	2,204	2,281	1,874	1,857	1,944
Accounts Payable	194.5	209.34	227.51	224.13	269.73
Accrued Expenses	38.63	64.93	63.8	54.55	63.7
Short-Term Debt	-	-	-	-	29.45
Current Portion of Long-Term Debt	9.67	-	-	-	-
Current Portion of Leases	-	6.91	6.01	5.26	5.37
Current Income Taxes Payable	28.86	4.48	0.08	1.88	6.54
Current Unearned Revenue	38.52	70.48	55.97	59.14	80.03
Other Current Liabilities	33.49	26.53	24.75	4.06	4.07
Total Current Liabilities	343.67	382.68	378.11	349.02	458.9
Long-Term Leases	17.02	11.47	3.52	5.61	2.92
Long-Term Deferred Tax Liabilities	3.74	2.77	1.55	1.7	-
Other Long-Term Liabilities	-	-	-	20.41	20.22
Total Liabilities	364.44	396.92	383.18	376.74	482.04
Common Stock	231.39	165.28	148.4	148.4	106
Additional Paid-In Capital	1,009	1,075	740.65	740.65	783.05
Retained Earnings	599	643.3	600.61	590.49	572.16
Total Common Equity	1,839	1,884	1,490	1,480	1,461
Minority Interest	-	-	1.05	0.25	0.84
Shareholders' Equity	1,839	1,884	1,491	1,480	1,462
Total Liabilities & Equity	2,204	2,281	1,874	1,857	1,944
Total Debt	26.7	18.38	9.53	10.86	37.75
Net Cash (Debt)	1,065	1,143	827.3	822.77	899.66
Net Cash Growth	-6.86%	38.22%	0.55%	-8.55%	-15.47%
Net Cash Per Share	4.60	5.45	3.98	4.75	4.33
Filing Date Shares Outstanding	231.08	231.39	207.76	207.76	207.76
Total Common Shares Outstanding	231.08	231.39	207.76	207.76	207.76
Working Capital	1,230	1,295	938.25	968.33	1,051
Book Value Per Share	7.96	8.14	7.17	7.12	7.03
Tangible Book Value	1,738	1,790	1,404	1,395	1,375
Tangible Book Value Per Share	7.52	7.74	6.76	6.71	6.62
Buildings	-	401.12	369.15	132.42	132.42
Machinery	-	38.58	31.06	28.52	29.55
Construction In Progress	-	15.16	31.84	241.23	138.72
Order Backlog	-	450	-	-	-

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