SHE:300030 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	160.32	247.95	214.71	221.05	345.74
Trading Asset Securities	-	-	23	3	-
Cash & Short-Term Investments	160.32	247.95	237.71	224.05	345.74
Cash Growth	-35.34%	4.31%	6.10%	-35.20%	27.29%
Accounts Receivable	126.23	160.43	185.67	228.24	231.72
Other Receivables	3.6	50.49	86.89	83.82	76.59
Receivables	129.84	210.93	272.56	312.06	308.31
Inventory	81.15	102.88	132.47	139.3	151.66
Prepaid Expenses	-	0.9	0.73	-	4.62
Other Current Assets	52.04	26.44	20.96	42.84	33.61
Total Current Assets	423.34	589.1	664.43	718.24	843.94
Property, Plant & Equipment	357.61	377.05	370.62	407.12	408.54
Long-Term Investments	165.49	183	252.42	264.14	312.67
Goodwill	-	7.8	19.67	22.61	76.23
Other Intangible Assets	33.71	38.64	44.29	76.22	119.59
Long-Term Accounts Receivable	-	0.07	25.64	8.72	8.54
Long-Term Deferred Tax Assets	35.85	38.68	39.42	52.69	29.44
Long-Term Deferred Charges	5.18	5.9	2.69	4.81	8.95
Other Long-Term Assets	5.73	3.9	6.78	3.64	17.15
Total Assets	1,027	1,244	1,426	1,558	1,825
Accounts Payable	70.58	81.37	89.94	118.65	82.47
Accrued Expenses	28.14	51.89	41.77	38.77	39.72
Short-Term Debt	119.97	282.02	353.79	382.3	247.3
Current Portion of Long-Term Debt	9.06	10.8	29.53	3.04	218.13
Current Portion of Leases	-	3.35	5.6	8.89	13.2
Current Income Taxes Payable	3.67	0.44	0.56	0.87	0.62
Current Unearned Revenue	64.31	75.28	71.49	75.22	61.42
Other Current Liabilities	22.14	6.93	10.69	10.73	14.78
Total Current Liabilities	317.87	512.07	603.37	638.46	677.64
Long-Term Debt	24.03	51.72	6	25.5	28.5
Long-Term Leases	0.66	2.32	5.5	6.56	17.7
Long-Term Unearned Revenue	22.13	28.71	37.82	59.95	64.45
Long-Term Deferred Tax Liabilities	1.85	1.48	6.11	4.4	6.33
Other Long-Term Liabilities	5.28	3.98	4.83	2.7	-
Total Liabilities	371.82	600.28	663.63	737.57	794.63
Common Stock	309.19	309.19	309.19	309.19	309.19
Additional Paid-In Capital	399.05	399.05	399.05	399.05	399.05
Retained Earnings	-83.11	-97.64	20.26	83.47	294.28
Comprehensive Income & Other	-4.79	-3.87	-5.42	-7.36	-2.33
Total Common Equity	620.34	606.73	723.08	784.35	1,000
Minority Interest	34.76	37.13	39.25	36.26	30.24
Shareholders' Equity	655.1	643.86	762.33	820.61	1,030
Total Liabilities & Equity	1,027	1,244	1,426	1,558	1,825
Total Debt	153.73	350.2	400.42	426.29	524.83
Net Cash (Debt)	6.59	-102.25	-162.71	-202.25	-179.09
Net Cash Per Share	0.02	-0.33	-0.51	-0.65	-0.58
Filing Date Shares Outstanding	260.78	309.19	309.19	309.19	309.19
Total Common Shares Outstanding	260.78	309.19	309.19	309.19	309.19
Working Capital	105.47	77.03	61.06	79.78	166.3
Book Value Per Share	2.38	1.96	2.34	2.54	3.23
Tangible Book Value	586.62	560.29	659.13	685.52	804.37
Tangible Book Value Per Share	2.25	1.81	2.13	2.22	2.60
Buildings	-	258.61	258.36	285.31	265.73
Machinery	-	266.12	314.35	311.92	278.11
Construction In Progress	-	80.54	45.35	34.76	63.2

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