SHE:300120 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	747.7	836.42	1,104	496.15	291.14
Short-Term Investments	-	-	101.08	-	-
Cash & Short-Term Investments	747.7	836.42	1,205	496.15	291.14
Cash Growth	-10.61%	-30.61%	142.95%	70.42%	-10.57%
Accounts Receivable	746.87	798.48	824.32	853.04	882.84
Other Receivables	229.23	41.53	28.16	140.14	78.14
Receivables	976.11	840.01	852.48	993.18	960.98
Inventory	606.41	696.82	745.51	779.99	521.7
Prepaid Expenses	-	4.44	3.03	5.01	10.13
Other Current Assets	269.56	97.56	79.44	115.34	141.63
Total Current Assets	2,600	2,475	2,886	2,390	1,926
Property, Plant & Equipment	561.54	745.15	760.64	837.63	884.12
Long-Term Investments	460.2	495.04	208.01	168.01	170.07
Goodwill	182.93	495.73	495.73	690.34	690.34
Other Intangible Assets	90.59	131.31	204.3	217.94	223.3
Long-Term Accounts Receivable	-	-	11.02	13.79	79.7
Long-Term Deferred Tax Assets	47.73	45.06	49.37	48.97	32.63
Long-Term Deferred Charges	79.43	55.42	54.64	52.93	56.94
Other Long-Term Assets	138.12	83.32	27.65	19.72	28.42
Total Assets	4,160	4,526	4,697	4,439	4,091
Accounts Payable	420.76	398.45	333.06	504.83	384.58
Accrued Expenses	33.34	52.49	75.47	56.44	55.55
Short-Term Debt	474.24	539.34	708.04	566.61	431.52
Current Portion of Long-Term Debt	224.67	227.07	202.33	139.32	107
Current Portion of Leases	-	12.37	9.78	6.97	7.66
Current Income Taxes Payable	13.1	5.08	3.55	3.61	0.34
Current Unearned Revenue	7.86	9.28	6.77	7.48	18.92
Other Current Liabilities	220.25	165.34	218.68	220.42	177.87
Total Current Liabilities	1,394	1,409	1,558	1,506	1,183
Long-Term Debt	146.35	34.69	68.5	140	139.57
Long-Term Leases	31.84	54.07	65.85	94.29	55.38
Long-Term Unearned Revenue	14.22	16.71	19.42	23.63	26.87
Long-Term Deferred Tax Liabilities	21.29	25.21	27.28	21.04	17.06
Other Long-Term Liabilities	43.06	0.48	2.37	15.28	74.07
Total Liabilities	1,651	1,541	1,741	1,800	1,496
Common Stock	574.39	574.39	574.39	464.39	464.4
Additional Paid-In Capital	2,288	2,288	2,288	1,698	1,697
Retained Earnings	-384	100.28	78.83	396.85	360.07
Treasury Stock	-	-	-	-	-11.64
Comprehensive Income & Other	25.08	17.16	14.53	-16.27	-2.21
Total Common Equity	2,504	2,980	2,956	2,543	2,508
Minority Interest	5.49	5.5	-	96.1	86.85
Shareholders' Equity	2,509	2,986	2,956	2,639	2,595
Total Liabilities & Equity	4,160	4,526	4,697	4,439	4,091
Total Debt	877.11	867.54	1,055	947.19	741.13
Net Cash (Debt)	-129.41	-31.12	150.9	-451.04	-449.99
Net Cash Per Share	-0.23	-0.05	0.28	-0.97	-0.97
Filing Date Shares Outstanding	570.87	574.39	574.39	574.39	464.4
Total Common Shares Outstanding	570.87	574.39	574.39	464.39	464.4
Working Capital	1,206	1,066	1,328	884	742.13
Book Value Per Share	4.39	5.19	5.15	5.48	5.40
Tangible Book Value	2,230	2,353	2,256	1,635	1,594
Tangible Book Value Per Share	3.91	4.10	3.93	3.52	3.43
Buildings	-	631.55	677.4	742.5	635.02
Machinery	-	489.09	492.39	497.55	485.38
Construction In Progress	-	31.66	7.69	5.85	118.08

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