SHE:003010 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	858.9	607.08	345.45	375.3	364.48
Trading Asset Securities	-	-	-	10	-
Cash & Short-Term Investments	858.9	607.08	345.45	385.3	364.48
Cash Growth	41.48%	75.73%	-10.34%	5.71%	-35.59%
Accounts Receivable	156.94	199.26	169.43	118.91	133.52
Other Receivables	57.83	45.02	47.6	45.99	39.92
Receivables	214.78	244.27	217.03	164.9	173.44
Inventory	461.8	225.71	318.58	193.54	305.53
Prepaid Expenses	-	-	-	0.75	-
Other Current Assets	288.45	111.55	158.42	151.1	223.16
Total Current Assets	1,824	1,189	1,039	895.58	1,067
Property, Plant & Equipment	208.57	212.28	182.78	199.11	139.83
Long-Term Investments	96.36	91.5	47.54	27.81	0.44
Goodwill	-	-	10.08	9.9	9.82
Other Intangible Assets	3.98	4.93	6.36	7.48	8.16
Long-Term Deferred Tax Assets	41.43	12.27	16.18	20.05	11.28
Long-Term Deferred Charges	8.56	9.74	2.78	4	1.23
Other Long-Term Assets	0.79	31.51	40.5	39.15	-
Total Assets	2,184	1,551	1,346	1,203	1,237
Accounts Payable	176.44	46.99	19.97	15.79	27.01
Accrued Expenses	42.61	36.1	23.33	21.01	16.77
Short-Term Debt	663.71	274.48	170.89	46.37	98.39
Current Portion of Long-Term Debt	46.77	-	-	-	-
Current Portion of Leases	-	-	-	-	6.66
Current Income Taxes Payable	128.82	7.57	0.44	0.04	2.58
Current Unearned Revenue	7.95	1.72	3.5	7.43	7.69
Other Current Liabilities	42.62	39.72	25.23	25.19	5.07
Total Current Liabilities	1,109	406.58	243.37	115.83	164.18
Long-Term Debt	315	-	-	-	-
Long-Term Leases	32.37	34.13	0.82	6.3	1.91
Long-Term Deferred Tax Liabilities	0	0	-	-	-
Other Long-Term Liabilities	8.17	5.95	4.41	2.32	2.33
Total Liabilities	1,464	446.66	248.6	124.45	168.42
Common Stock	311.06	164.03	122.33	121.7	121.7
Additional Paid-In Capital	116.14	536.16	634.09	614.2	611.42
Retained Earnings	488.61	440.18	368.92	344.93	335.49
Treasury Stock	-200	-39.62	-28.4	-2.12	-
Comprehensive Income & Other	3.35	3.44	0.15	-0.08	-0.78
Total Common Equity	719.16	1,104	1,097	1,079	1,068
Minority Interest	-	-	-	-	1.12
Shareholders' Equity	719.16	1,104	1,097	1,079	1,069
Total Liabilities & Equity	2,184	1,551	1,346	1,203	1,237
Total Debt	1,058	308.62	171.71	52.66	106.97
Net Cash (Debt)	-198.94	298.46	173.74	332.63	257.51
Net Cash Growth	-	71.78%	-47.77%	29.17%	-49.60%
Net Cash Per Share	-0.63	0.91	0.52	0.97	0.77
Filing Date Shares Outstanding	309.82	310.94	331.6	333.94	333.94
Total Common Shares Outstanding	309.82	310.94	331.6	333.94	333.94
Working Capital	715.01	782.04	796.11	779.76	902.42
Book Value Per Share	2.32	3.55	3.31	3.23	3.20
Tangible Book Value	715.18	1,099	1,081	1,061	1,050
Tangible Book Value Per Share	2.31	3.54	3.26	3.18	3.14
Buildings	-	170.52	170.52	170.52	-
Machinery	-	28.58	27.15	23.27	15.14
Construction In Progress	-	-	-	-	123.99

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