SHE:003043 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 2020
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '20 Dec 31, 2020
Cash & Equivalents	501.48	241.05	555.45	657.37	175.76
Trading Asset Securities	91.93	300.42	230.34	301.08	-
Cash & Short-Term Investments	593.42	541.47	785.8	958.46	175.76
Cash Growth	9.59%	-31.09%	-18.01%	445.32%	57.56%
Accounts Receivable	421.15	397.6	164.84	183.7	141.57
Other Receivables	12.55	11.82	4.5	3.99	0.58
Receivables	433.7	409.43	169.34	187.69	142.15
Inventory	330.21	388.41	93.71	103.81	51.36
Other Current Assets	64.92	41.37	3.22	4.3	5.89
Total Current Assets	1,422	1,381	1,052	1,254	375.16
Property, Plant & Equipment	589.79	572.39	316.85	146.55	79.46
Long-Term Investments	30.4	493.94	26	12	-
Goodwill	260.27	260.27	-	-	-
Other Intangible Assets	82.28	93.34	27.21	27.75	18.21
Long-Term Accounts Receivable	-	5.82	-	-	-
Long-Term Deferred Tax Assets	20.64	15.78	8.84	4.31	3.96
Long-Term Deferred Charges	8.84	4.26	1.41	1.17	4.23
Other Long-Term Assets	531.94	77.97	98.93	61.87	0.67
Total Assets	2,946	2,904	1,531	1,508	481.7
Accounts Payable	298.63	306.28	83.25	135.13	61.02
Accrued Expenses	40.5	37.91	19.59	27.92	13.03
Current Portion of Long-Term Debt	6.33	-	-	-	-
Current Portion of Leases	-	5.13	5.51	2.44	-
Current Income Taxes Payable	10.53	8.26	3.49	8.97	2.63
Current Unearned Revenue	235.33	293.4	0.75	0.74	0.7
Other Current Liabilities	46.3	45.58	1	6.55	4.5
Total Current Liabilities	637.63	696.55	113.59	181.74	81.88
Long-Term Debt	258.84	263.17	243.04	224.11	-
Long-Term Leases	16.39	19.35	24.28	7.96	-
Long-Term Unearned Revenue	0.5	-	-	-	-
Long-Term Deferred Tax Liabilities	18.25	22.29	10.88	10.47	-
Other Long-Term Liabilities	3.36	3.82	-	-	-
Total Liabilities	934.96	1,005	391.8	424.28	81.88
Common Stock	133.83	95.03	80	80	60
Additional Paid-In Capital	1,052	1,059	493.63	493.6	164.01
Retained Earnings	586.72	529.1	468.36	412.24	174.92
Treasury Stock	-16.76	-24.89	-	-	-
Comprehensive Income & Other	89.51	97.3	96.58	96.8	-
Total Common Equity	1,845	1,756	1,139	1,083	398.93
Minority Interest	166.1	143.74	0.94	0.98	0.89
Shareholders' Equity	2,011	1,899	1,140	1,084	399.82
Total Liabilities & Equity	2,946	2,904	1,531	1,508	481.7
Total Debt	281.56	287.65	272.84	234.5	-
Net Cash (Debt)	311.86	253.82	512.96	723.95	175.76
Net Cash Growth	22.87%	-50.52%	-29.14%	311.90%	73.10%
Net Cash Per Share	2.32	2.13	4.45	6.47	2.10
Filing Date Shares Outstanding	139.19	133.04	112	111.97	84
Total Common Shares Outstanding	139.19	133.04	112	111.97	84
Working Capital	784.63	684.13	938.47	1,073	293.28
Book Value Per Share	13.26	13.20	10.17	9.67	4.75
Tangible Book Value	1,503	1,402	1,111	1,055	380.72
Tangible Book Value Per Share	10.80	10.54	9.92	9.42	4.53
Buildings	-	427.13	59.48	59.48	60.39
Machinery	-	169.7	145.27	141.96	113.3
Construction In Progress	-	86.82	202.65	49.35	0.03

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