SHE:003042 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	169.01	425.23	571.58	315.81	575.93
Cash & Short-Term Investments	169.01	425.23	571.58	315.81	575.93
Cash Growth	-60.26%	-25.61%	80.99%	-45.16%	103.17%
Accounts Receivable	330.84	314.61	210.98	350.52	224.56
Other Receivables	0.21	47.84	28.85	26.9	67.52
Receivables	331.05	362.44	239.83	377.42	292.08
Inventory	550.74	502.13	563.19	593.54	410.49
Prepaid Expenses	-	-	-	-	0.26
Other Current Assets	242.27	109.09	125.43	381.42	369.28
Total Current Assets	1,293	1,399	1,500	1,668	1,648
Property, Plant & Equipment	2,203	2,239	1,971	1,604	1,317
Other Intangible Assets	136.41	141.2	136.05	135.06	135.44
Long-Term Deferred Tax Assets	132.11	105.69	91.33	46.99	37.28
Long-Term Deferred Charges	44.19	29.2	19.31	3.16	0.78
Other Long-Term Assets	14.24	19.85	25.94	79.42	82.07
Total Assets	3,823	3,934	3,743	3,537	3,221
Accounts Payable	1,074	1,129	919.65	738.44	523.39
Accrued Expenses	47.68	43.83	43.93	37.28	38.61
Short-Term Debt	651.29	506.27	425.85	326.03	231.09
Current Portion of Long-Term Debt	270.59	80.1	110.17	-	45.08
Current Portion of Leases	-	0.27	-	-	-
Current Income Taxes Payable	4.09	0.33	0.24	2.38	8.47
Current Unearned Revenue	128.06	114.58	128.26	100.7	160.49
Other Current Liabilities	130.67	92.98	101.88	366.44	337.05
Total Current Liabilities	2,306	1,967	1,730	1,571	1,344
Long-Term Debt	142.83	417.28	369.1	240.15	240.35
Long-Term Leases	5.76	184.89	160.4	35.32	4.04
Long-Term Unearned Revenue	7.08	8.09	9.1	10.11	4.3
Long-Term Deferred Tax Liabilities	1.9	1.42	0.91	0.75	0.78
Other Long-Term Liabilities	138.83	-	-	-	-
Total Liabilities	2,603	2,579	2,269	1,858	1,594
Common Stock	142.48	142.48	142.48	142.48	109.6
Additional Paid-In Capital	808.86	808.86	808.86	808.86	841.74
Retained Earnings	260.89	397.49	519.95	726.67	675.45
Comprehensive Income & Other	7.92	6.12	2.71	1.17	0.08
Shareholders' Equity	1,220	1,355	1,474	1,679	1,627
Total Liabilities & Equity	3,823	3,934	3,743	3,537	3,221
Total Debt	1,070	1,189	1,066	601.5	520.56
Net Cash (Debt)	-901.46	-763.58	-493.93	-285.69	55.37
Net Cash Per Share	-6.33	-5.36	-3.46	-1.99	0.42
Filing Date Shares Outstanding	135.71	142.48	142.48	142.48	142.48
Total Common Shares Outstanding	135.71	142.48	142.48	142.48	142.48
Working Capital	-1,013	-568.44	-229.95	96.92	303.86
Book Value Per Share	8.99	9.51	10.35	11.79	11.42
Tangible Book Value	1,084	1,214	1,338	1,544	1,491
Tangible Book Value Per Share	7.99	8.52	9.39	10.84	10.47
Buildings	-	1,009	743.58	719.11	499.02
Machinery	-	1,726	1,369	1,388	1,070
Construction In Progress	-	410.69	601.94	207.54	335.4

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