SHE:300151 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	338.97	326.35	700.18	513.18	544.63
Short-Term Investments	111.71	94.07	4.35	-	-
Trading Asset Securities	261.61	165.73	197.34	111.72	112.93
Cash & Short-Term Investments	712.29	586.15	901.86	624.9	657.55
Cash Growth	21.52%	-35.01%	44.32%	-4.97%	97.33%
Accounts Receivable	184.61	232.65	217.15	295.71	247.35
Other Receivables	2.44	11.38	8.37	11.44	23.76
Receivables	187.05	244.03	225.52	307.15	271.11
Inventory	169.24	170.11	144.62	189.15	187.13
Other Current Assets	83.41	74.13	62.53	38.69	12.97
Total Current Assets	1,152	1,074	1,335	1,160	1,129
Property, Plant & Equipment	1,173	956.7	859.85	729.32	472.64
Long-Term Investments	152.6	156.78	167.83	186.13	175.33
Goodwill	-	-	3.89	4.77	4.77
Other Intangible Assets	102.88	107.15	112.35	86.26	84.3
Long-Term Deferred Tax Assets	5.67	8.59	8.33	6.17	3.35
Long-Term Deferred Charges	69.75	69.13	50.37	15.02	16.99
Other Long-Term Assets	7.64	91.5	18.28	47.65	20.43
Total Assets	2,664	2,464	2,555	2,235	1,907
Accounts Payable	147.7	118.01	113.5	151.44	136.5
Accrued Expenses	34.6	35.89	22.74	49.05	30.47
Short-Term Debt	88.8	50	74.02	54	-
Current Portion of Long-Term Debt	48.04	40.35	46.42	13.8	1.38
Current Portion of Leases	5.19	7.46	14.4	19.83	14.72
Current Income Taxes Payable	10.63	17.36	9.58	10.52	3.91
Current Unearned Revenue	23.98	9.23	17.63	11.77	40.41
Other Current Liabilities	3.91	6.62	5.34	3.82	4.45
Total Current Liabilities	362.86	284.91	303.64	314.24	231.84
Long-Term Debt	599.46	468.16	503.57	497.63	432.39
Long-Term Leases	9.69	15.41	21.25	43.45	22.54
Long-Term Unearned Revenue	29.49	27.87	29.81	22.56	12.27
Long-Term Deferred Tax Liabilities	4.5	7.82	5.5	7.36	7.75
Other Long-Term Liabilities	3.74	1.38	0.95	0.73	1.26
Total Liabilities	1,010	805.54	864.73	885.97	708.04
Common Stock	532.51	532.51	532.51	502.51	502.51
Additional Paid-In Capital	530.47	528.76	532.38	134.34	110.7
Retained Earnings	512	487.35	443.96	512.81	473.83
Treasury Stock	-	-	-	-	-53.75
Comprehensive Income & Other	68.49	82.29	132.83	145.83	126.57
Total Common Equity	1,643	1,631	1,642	1,295	1,160
Minority Interest	10.6	27.82	49.04	53.74	38.68
Shareholders' Equity	1,654	1,659	1,691	1,349	1,199
Total Liabilities & Equity	2,664	2,464	2,555	2,235	1,907
Total Debt	751.18	581.37	659.66	628.71	471.02
Net Cash (Debt)	-38.89	4.78	242.21	-3.81	186.54
Net Cash Growth	-	-98.03%	-	-	-40.37%
Net Cash Per Share	-0.07	0.01	0.46	-0.01	0.42
Filing Date Shares Outstanding	532.51	532.51	532.51	502.51	497.11
Total Common Shares Outstanding	532.51	532.51	532.51	502.51	497.11
Working Capital	789.13	789.5	1,031	845.65	896.92
Book Value Per Share	3.09	3.06	3.08	2.58	2.33
Tangible Book Value	1,541	1,524	1,525	1,204	1,071
Tangible Book Value Per Share	2.89	2.86	2.86	2.40	2.15
Buildings	449.28	326.05	284.22	138.46	144.04
Machinery	612.2	594.02	570.05	532.2	487.45
Construction In Progress	432.84	332.8	333.02	324.99	96.89

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