SHE:300048 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	1,406	1,251	668.16	523.57	294.1
Trading Asset Securities	150.01	-	-	-	-
Cash & Short-Term Investments	1,556	1,251	668.16	523.57	294.1
Cash Growth	24.44%	87.19%	27.62%	78.03%	30.63%
Accounts Receivable	1,445	1,260	1,010	919.79	666.96
Other Receivables	39.73	21.82	8.06	18.51	169.81
Receivables	1,484	1,282	1,018	938.3	836.77
Inventory	674.27	994.96	418.42	273.57	282.97
Prepaid Expenses	-	6.99	2.42	-	-
Other Current Assets	256.16	62.66	49.7	86.16	63.18
Total Current Assets	3,971	3,598	2,157	1,822	1,477
Property, Plant & Equipment	641.08	826.58	799.76	740.04	760.63
Long-Term Investments	27.05	32.85	35.18	38.55	42.54
Goodwill	25.79	25.79	31.61	31.61	31.61
Other Intangible Assets	165.72	93.8	113.01	124.47	144.17
Long-Term Deferred Tax Assets	42.68	25.03	18.32	14.5	21.77
Long-Term Deferred Charges	14.74	13.82	4.42	2.58	0.58
Other Long-Term Assets	29.7	18.28	7.2	4.69	6.45
Total Assets	4,918	4,634	3,166	2,778	2,485
Accounts Payable	2,397	2,315	1,056	580.59	349.45
Accrued Expenses	111.19	112.06	88.58	71.96	63.67
Current Portion of Long-Term Debt	5.81	-	-	10.76	29.81
Current Portion of Leases	-	10.71	0.94	6.8	-
Current Income Taxes Payable	15.79	15.9	9.22	5.44	1.71
Current Unearned Revenue	151.31	125.69	113.16	89.75	94.61
Other Current Liabilities	239.04	251.76	122.37	64.35	54.19
Total Current Liabilities	2,921	2,831	1,390	829.65	593.44
Long-Term Debt	-	-	-	-	14.72
Long-Term Leases	67.02	35.67	43.32	40.92	44.84
Long-Term Unearned Revenue	4.93	0.05	2.31	2.55	3.81
Long-Term Deferred Tax Liabilities	0	0.04	-	0.03	0.16
Other Long-Term Liabilities	35.64	5.02	7.27	-	-
Total Liabilities	3,028	2,872	1,443	873.14	656.98
Common Stock	1,128	1,117	1,114	1,108	1,102
Additional Paid-In Capital	971.9	921.55	904.85	878.97	850.11
Retained Earnings	-267.38	-329.39	-339.69	-119.56	-145.52
Comprehensive Income & Other	-11.45	-5.65	-3.32	0.05	-5.16
Total Common Equity	1,821	1,703	1,676	1,868	1,802
Minority Interest	68.32	58.27	47.12	37.12	26.16
Shareholders' Equity	1,890	1,761	1,723	1,905	1,828
Total Liabilities & Equity	4,918	4,634	3,166	2,778	2,485
Total Debt	72.82	46.38	44.26	58.47	89.38
Net Cash (Debt)	1,484	1,204	623.9	465.1	204.72
Net Cash Growth	23.19%	93.04%	34.14%	127.18%	698.28%
Net Cash Per Share	1.44	1.17	0.57	0.36	0.20
Filing Date Shares Outstanding	780.84	1,117	1,114	1,108	1,102
Total Common Shares Outstanding	780.84	1,117	1,114	1,108	1,102
Working Capital	1,051	766.13	766.11	991.94	883.58
Book Value Per Share	2.33	1.53	1.50	1.69	1.63
Tangible Book Value	1,630	1,584	1,531	1,712	1,626
Tangible Book Value Per Share	2.09	1.42	1.37	1.54	1.48
Buildings	-	325.03	426.85	421.37	354.84
Machinery	-	615.01	528.56	496.98	497.26
Construction In Progress	-	121.56	58.27	6.2	57.36

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