SHE:300022 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	538.61	370.93	401.64	329.81	319.29
Cash & Short-Term Investments	538.61	370.93	401.64	329.81	319.29
Cash Growth	45.21%	-7.65%	21.78%	3.29%	1.12%
Accounts Receivable	297.71	352.4	348.21	389.47	301.85
Other Receivables	34.43	42.29	40.24	37.49	63.04
Receivables	332.14	394.7	388.45	426.96	364.89
Inventory	645.49	667.06	644.9	423.39	473.53
Other Current Assets	212.51	150.67	125	154.53	135.41
Total Current Assets	1,729	1,583	1,560	1,335	1,293
Property, Plant & Equipment	144.09	143.9	139.92	150.25	155.27
Long-Term Investments	2.53	3.46	3.91	3.9	3.77
Goodwill	77.69	82.58	82.58	84.01	84.01
Other Intangible Assets	39.83	40.81	41.88	42.9	44.01
Long-Term Deferred Tax Assets	9.67	12.02	9.32	7.23	7.67
Long-Term Deferred Charges	5.37	3.82	1.68	2.5	2.99
Other Long-Term Assets	0.32	4.44	0.32	0.34	0.63
Total Assets	2,008	1,874	1,840	1,626	1,591
Accounts Payable	525.81	458.79	414.77	335.25	439.33
Accrued Expenses	35.18	33.02	31.92	35.26	22.6
Short-Term Debt	274.34	270.5	325.06	701.37	634.38
Current Portion of Long-Term Debt	6.56	-	-	0.33	5.56
Current Portion of Leases	-	5.25	5.36	8.42	7.18
Current Income Taxes Payable	6.92	3.08	9.11	16.06	10.35
Current Unearned Revenue	145.12	117.56	81.6	70.23	73.64
Other Current Liabilities	155.31	83.78	55.64	46.82	43.44
Total Current Liabilities	1,149	971.97	923.47	1,214	1,236
Long-Term Debt	9.01	2	-	0.36	0.98
Long-Term Leases	9	8.39	8.55	8.23	10.79
Long-Term Unearned Revenue	19.23	16.35	13.47	10.92	11.89
Long-Term Deferred Tax Liabilities	1.15	2.7	2.45	-	-
Total Liabilities	1,188	1,001	947.93	1,233	1,260
Common Stock	494.24	494.24	497.24	380.24	380.24
Additional Paid-In Capital	16.6	549.51	525.86	207.31	207.53
Retained Earnings	-10.76	-512.88	-482.07	-498.87	-509.97
Treasury Stock	-	-	-7.53	-	-
Comprehensive Income & Other	5.97	5.19	4.13	2.95	2.95
Total Common Equity	506.04	536.06	537.63	91.63	80.75
Minority Interest	314.55	336.9	354.05	300.92	250.59
Shareholders' Equity	820.6	872.96	891.68	392.54	331.34
Total Liabilities & Equity	2,008	1,874	1,840	1,626	1,591
Total Debt	298.92	286.14	338.97	718.72	658.88
Net Cash (Debt)	239.69	84.79	62.67	-388.91	-339.59
Net Cash Growth	182.70%	35.28%	-	-	-
Net Cash Per Share	0.49	0.17	0.14	-1.02	-0.89
Filing Date Shares Outstanding	493.13	494.24	497.24	380.24	380.24
Total Common Shares Outstanding	493.13	494.24	497.24	380.24	380.24
Working Capital	579.5	611.38	636.53	120.93	56.65
Book Value Per Share	1.03	1.08	1.08	0.24	0.21
Tangible Book Value	388.52	412.67	413.17	-35.29	-47.27
Tangible Book Value Per Share	0.79	0.83	0.83	-0.09	-0.12
Buildings	-	166.26	164.76	163.13	158.89
Machinery	-	87.34	78.19	76.15	75.56
Construction In Progress	-	-	-	-	1.32

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