SHE:300172 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	198.08	117.1	263.89	148.09	48.1
Trading Asset Securities	443.28	629.65	455.33	508.32	594.51
Cash & Short-Term Investments	641.36	746.74	719.21	656.41	642.62
Cash Growth	-14.11%	3.83%	9.57%	2.15%	9.80%
Accounts Receivable	835.85	954.09	1,041	938.72	854.7
Other Receivables	16.06	17.04	16	20.68	20.96
Receivables	851.9	971.13	1,057	959.4	875.66
Inventory	122.01	96.56	61.59	73.06	35.84
Prepaid Expenses	-	47.65	57.29	63.31	78.64
Other Current Assets	552.44	23.41	38.94	40.08	35.15
Total Current Assets	2,168	1,886	1,934	1,792	1,668
Property, Plant & Equipment	129.84	145.38	153.77	169.64	194.11
Long-Term Investments	74.54	69.83	65.85	59.74	56.36
Goodwill	-	-	-	-	42.08
Other Intangible Assets	474.35	558.98	684.74	787.51	759.16
Long-Term Deferred Tax Assets	29.82	33.41	31.13	27.74	24.69
Other Long-Term Assets	32.33	22.77	22.45	40.44	35.21
Total Assets	2,909	2,716	2,892	2,877	2,780
Accounts Payable	477.48	496.25	566.76	589.33	506.34
Accrued Expenses	0.28	2.81	3.33	6.06	7.79
Short-Term Debt	2	4	61.06	54.05	37.04
Current Portion of Long-Term Debt	5.06	5.07	35.54	92.05	16.23
Current Income Taxes Payable	8.57	5.29	4.74	6.93	3.55
Current Unearned Revenue	272.47	107.32	104.45	103.9	43.16
Other Current Liabilities	59.06	48.46	40.48	31.39	21.87
Total Current Liabilities	824.92	669.21	816.36	883.71	635.98
Long-Term Debt	70	75	150.78	101.1	277.57
Long-Term Unearned Revenue	29.64	32.98	40.63	43.09	49.49
Long-Term Deferred Tax Liabilities	4.88	5.1	5.32	5.68	6.47
Other Long-Term Liabilities	1.85	1.42	1.62	12.82	13.7
Total Liabilities	931.29	783.71	1,015	1,046	983.21
Common Stock	676.71	676.71	676.71	676.71	676.71
Additional Paid-In Capital	43.78	43.54	44.34	44.34	44.34
Retained Earnings	1,211	1,163	1,109	1,057	1,015
Total Common Equity	1,931	1,883	1,830	1,778	1,736
Minority Interest	46.04	48.98	47.19	52.78	60.58
Shareholders' Equity	1,977	1,932	1,877	1,831	1,796
Total Liabilities & Equity	2,909	2,716	2,892	2,877	2,780
Total Debt	77.06	84.08	247.37	247.21	330.84
Net Cash (Debt)	564.3	662.67	471.84	409.2	311.78
Net Cash Growth	-14.84%	40.44%	15.31%	31.25%	3.62%
Net Cash Per Share	0.83	0.98	0.71	0.59	0.47
Filing Date Shares Outstanding	692.39	676.71	676.71	676.71	676.71
Total Common Shares Outstanding	692.39	676.71	676.71	676.71	676.71
Working Capital	1,343	1,216	1,118	908.54	1,032
Book Value Per Share	2.79	2.78	2.70	2.63	2.56
Tangible Book Value	1,457	1,324	1,145	990.63	934.49
Tangible Book Value Per Share	2.10	1.96	1.69	1.46	1.38
Buildings	-	163.48	164.04	95.67	102.3
Machinery	-	83.65	83.73	81.37	69.71
Construction In Progress	-	0.32	0.32	73.99	94.39
Order Backlog	-	1,222	-	-	-

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