SHE:003009 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	764.32	936.94	1,210	1,290	574.71
Cash & Short-Term Investments	764.32	936.94	1,210	1,290	574.71
Cash Growth	-18.42%	-22.56%	-6.18%	124.39%	-13.74%
Accounts Receivable	513.85	608.69	660.54	639.3	441.88
Other Receivables	11.18	33.24	19.96	11.79	8.2
Receivables	525.03	641.93	680.5	651.45	450.37
Inventory	476.65	407.95	290.68	293.55	236.59
Prepaid Expenses	-	1.66	2.7	11.54	9.2
Other Current Assets	103.23	35.4	46.83	27	14.05
Total Current Assets	1,869	2,024	2,231	2,273	1,285
Property, Plant & Equipment	1,020	899.11	664.18	566.41	434.5
Other Intangible Assets	91.68	94.18	97.12	79.55	80.93
Long-Term Accounts Receivable	-	50.07	-	-	-
Long-Term Deferred Tax Assets	44.15	20.71	13.31	16.27	4.54
Long-Term Deferred Charges	1.06	0.91	1.95	1.96	2.94
Other Long-Term Assets	44.51	22.47	50.56	39.85	59.7
Total Assets	3,071	3,111	3,058	2,977	1,868
Accounts Payable	560.31	621.92	577.57	543.51	360.69
Accrued Expenses	1.68	13.52	15.66	12.95	3.6
Short-Term Debt	114.36	138.96	200.17	200	-
Current Portion of Long-Term Debt	6.3	1.92	1.54	1.36	1
Current Portion of Leases	-	2.29	1.49	1.44	2.24
Current Income Taxes Payable	4.31	0.22	-	-	0.96
Current Unearned Revenue	238.44	125.46	48.05	57.58	95.13
Other Current Liabilities	66.32	63.34	105.39	153.69	33.6
Total Current Liabilities	991.72	967.63	949.87	970.52	497.22
Long-Term Debt	500.72	485.8	469.31	452.68	14.2
Long-Term Leases	5.92	2.05	1.77	3.2	0.3
Long-Term Unearned Revenue	47.75	22.19	11.92	6.82	7.92
Long-Term Deferred Tax Liabilities	7.69	8.34	9.27	10.59	-
Total Liabilities	1,554	1,486	1,442	1,444	519.64
Common Stock	155.4	155.39	155.39	155.39	155.39
Additional Paid-In Capital	629.48	629.15	627.23	627.17	625.97
Retained Earnings	675.23	785.96	779.13	697.57	565.53
Comprehensive Income & Other	57.06	54.83	53.8	53.21	0.99
Shareholders' Equity	1,517	1,625	1,616	1,533	1,348
Total Liabilities & Equity	3,071	3,111	3,058	2,977	1,868
Total Debt	627.31	631.01	674.28	658.67	17.74
Net Cash (Debt)	137.01	305.93	535.57	630.91	556.97
Net Cash Growth	-55.21%	-42.88%	-15.11%	13.28%	-3.98%
Net Cash Per Share	0.88	1.97	3.35	3.91	3.60
Filing Date Shares Outstanding	155.48	155.39	155.39	155.39	155.39
Total Common Shares Outstanding	155.48	155.39	155.39	155.39	155.39
Working Capital	877.51	1,056	1,281	1,303	787.71
Book Value Per Share	9.76	10.46	10.40	9.87	8.67
Tangible Book Value	1,425	1,531	1,518	1,454	1,267
Tangible Book Value Per Share	9.17	9.85	9.77	9.36	8.15
Buildings	-	482.11	348.77	334.47	245.82
Machinery	-	550.58	457.05	375.22	237.76
Construction In Progress	-	120.09	67.24	27.08	98.02

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