SHE:300053 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	268.63	134.56	286.98	282.38	394.5
Trading Asset Securities	-	94.05	18.02	40.06	65.01
Cash & Short-Term Investments	268.63	228.61	305	322.44	459.51
Cash Growth	17.51%	-25.05%	-5.41%	-29.83%	-12.74%
Accounts Receivable	470.02	551	692.58	840.04	901.66
Other Receivables	6.91	4.31	16.15	61.42	38.92
Receivables	476.93	555.31	708.73	901.46	940.58
Inventory	240.3	236.81	183.53	219.61	314.96
Prepaid Expenses	-	0.05	0.21	0.32	0.21
Other Current Assets	20.52	20.08	26.48	18.15	32.86
Total Current Assets	1,006	1,041	1,224	1,462	1,748
Property, Plant & Equipment	573.89	641.27	682.49	727.24	719.96
Long-Term Investments	2.91	8.04	15.2	38.25	40.46
Goodwill	17.16	30.67	30.67	241.48	550.52
Other Intangible Assets	470.21	565.4	367.44	292.09	521.75
Long-Term Accounts Receivable	-	-	-	-	32.71
Long-Term Deferred Tax Assets	50.82	107.14	135.53	139.94	53.96
Long-Term Deferred Charges	79.61	64.75	265.7	223.14	200.88
Other Long-Term Assets	12.15	15.32	33.52	31.15	35.36
Total Assets	2,213	2,473	2,755	3,155	3,904
Accounts Payable	296.93	297.5	304.16	337.69	377.57
Accrued Expenses	22.82	38.05	35.44	37.68	46.8
Short-Term Debt	211.09	174.4	159.15	72.54	88.61
Current Portion of Long-Term Debt	33.28	7.98	25.23	27	-
Current Portion of Leases	-	2.33	2.56	1.89	3.75
Current Income Taxes Payable	22.24	0.7	0.46	1.34	8.43
Current Unearned Revenue	118.34	90.35	76.84	69.75	128.66
Other Current Liabilities	22.05	18.06	23.48	34.79	48.55
Total Current Liabilities	726.75	629.38	627.32	582.68	702.37
Long-Term Debt	18.56	28.64	6.7	26.9	30
Long-Term Leases	2.09	1.3	3.92	1.85	2
Long-Term Unearned Revenue	32.75	38.92	46.78	49.59	52.23
Long-Term Deferred Tax Liabilities	-	0.48	1.01	0.67	1.67
Other Long-Term Liabilities	0.01	0.27	0.11	-	42.42
Total Liabilities	780.16	698.99	685.85	661.69	830.68
Common Stock	696.87	696.87	696.87	696.87	702.16
Additional Paid-In Capital	1,979	1,979	1,979	1,979	2,033
Retained Earnings	-1,244	-902.94	-608.72	-183.37	388.79
Treasury Stock	-	-	-	-	-50.09
Comprehensive Income & Other	0.66	0.64	0.66	0.51	-2.83
Total Common Equity	1,433	1,774	2,068	2,493	3,071
Minority Interest	0.2	0.48	0.44	0.17	1.58
Shareholders' Equity	1,433	1,774	2,069	2,494	3,073
Total Liabilities & Equity	2,213	2,473	2,755	3,155	3,904
Total Debt	265.02	214.66	197.57	130.18	124.35
Net Cash (Debt)	3.61	13.95	107.43	192.26	335.16
Net Cash Growth	-74.10%	-87.01%	-44.12%	-42.64%	-11.29%
Net Cash Per Share	0.01	0.02	0.15	0.27	0.48
Filing Date Shares Outstanding	696.48	696.87	696.87	696.87	696.87
Total Common Shares Outstanding	696.48	696.87	696.87	696.87	696.87
Working Capital	279.64	411.47	596.62	879.3	1,046
Book Value Per Share	2.06	2.55	2.97	3.58	4.41
Tangible Book Value	945.43	1,178	1,670	1,960	1,999
Tangible Book Value Per Share	1.36	1.69	2.40	2.81	2.87
Buildings	-	347.39	308.12	137.08	-
Machinery	-	669.38	660.21	661.96	-
Construction In Progress	-	216.58	215.12	363.24	-

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