SHE:003015 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	187.47	164.2	178.78	150.24	266.76
Cash & Short-Term Investments	187.47	164.2	178.78	150.24	266.76
Cash Growth	14.17%	-8.16%	19.00%	-43.68%	-47.38%
Accounts Receivable	186.58	158.03	153.44	194.2	246.46
Other Receivables	0.42	0.47	4.37	0.3	0.74
Receivables	186.99	158.5	157.81	194.5	247.21
Inventory	135.08	135.69	130.44	146.17	137.31
Other Current Assets	35.59	4.49	2.42	8.72	26.58
Total Current Assets	545.12	462.87	469.44	499.63	677.85
Property, Plant & Equipment	568.57	609.35	691.05	767.33	573.29
Other Intangible Assets	48.15	35.04	35.96	36.38	37.31
Long-Term Deferred Tax Assets	20.62	3.54	6.04	4.5	4.53
Long-Term Deferred Charges	0.01	0.12	0.23	0.2	-
Other Long-Term Assets	128.11	0.11	0.44	0.64	49.57
Total Assets	1,311	1,111	1,203	1,309	1,343
Accounts Payable	60.26	41.95	65.63	96.98	50.28
Accrued Expenses	19.01	19.85	14.4	9.64	10.46
Short-Term Debt	35.03	39.92	89.77	54.59	66.79
Current Portion of Long-Term Debt	0.47	-	16.02	41.07	20.07
Current Portion of Leases	-	1.16	1.06	0.71	1.18
Current Income Taxes Payable	11.76	-	0.42	1.16	1.68
Current Unearned Revenue	1.47	2.34	1.51	0.16	1.01
Other Current Liabilities	15.06	19.6	14.68	19.42	21.73
Total Current Liabilities	143.06	124.81	203.49	223.72	173.21
Long-Term Debt	-	-	-	16	37
Long-Term Leases	-	0.63	1.79	-	0.63
Long-Term Unearned Revenue	34.81	14.13	17.16	17.36	13.07
Total Liabilities	177.87	139.57	222.44	257.08	223.91
Common Stock	281.07	281.07	281.07	281.07	281.07
Additional Paid-In Capital	537.79	527.22	527.22	527.22	527.22
Retained Earnings	363.92	314.62	273.82	344.7	359.3
Treasury Stock	-50.05	-151.45	-101.39	-101.39	-48.94
Shareholders' Equity	1,133	971.46	980.71	1,052	1,119
Total Liabilities & Equity	1,311	1,111	1,203	1,309	1,343
Total Debt	35.5	41.71	108.64	112.37	125.67
Net Cash (Debt)	151.96	122.49	70.14	37.87	141.09
Net Cash Growth	24.07%	74.63%	85.22%	-73.16%	-57.76%
Net Cash Per Share	0.55	0.45	0.25	0.14	0.50
Filing Date Shares Outstanding	276.44	266.69	271.52	271.52	281.07
Total Common Shares Outstanding	276.44	266.69	271.52	271.52	281.07
Working Capital	402.06	338.06	265.95	275.9	504.64
Book Value Per Share	4.10	3.64	3.61	3.87	3.98
Tangible Book Value	1,085	936.42	944.75	1,015	1,081
Tangible Book Value Per Share	3.92	3.51	3.48	3.74	3.85
Buildings	-	280.23	280.23	280	166.53
Machinery	-	820.73	811.88	800.81	507.39
Construction In Progress	-	2.41	7.36	7.49	154.87

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