SHE:300205 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	-	461.86	645.09	963.36	430.68
Trading Asset Securities	-	-	6.98	5.67	107.87
Cash & Short-Term Investments	302.56	461.86	652.07	969.03	538.54
Cash Growth	-34.49%	-29.17%	-32.71%	79.94%	-54.68%
Accounts Receivable	-	322.82	692.34	571.6	438.79
Other Receivables	-	140.83	197.09	97	510.41
Receivables	-	463.65	889.44	668.6	949.19
Inventory	-	146.88	263.9	367.92	413
Prepaid Expenses	-	0.23	7.88	9.05	9.29
Other Current Assets	-	12.34	8.73	77.3	66.73
Total Current Assets	-	1,085	1,822	2,092	1,977
Property, Plant & Equipment	-	378.51	402.51	420.21	366.28
Long-Term Investments	-	555.91	561.89	550.19	606.66
Other Intangible Assets	-	65.4	102.77	77.12	62.11
Long-Term Accounts Receivable	-	24.8	31.05	41.1	50.11
Long-Term Deferred Tax Assets	-	49.99	50	54.88	67.11
Long-Term Deferred Charges	-	4.43	7.77	45.99	27.81
Other Long-Term Assets	-	3.38	7.57	4.4	2.1
Total Assets	-	2,167	2,986	3,286	3,159
Accounts Payable	-	487.11	613.3	783.53	870.07
Accrued Expenses	-	97.01	78.12	121.5	95.38
Short-Term Debt	-	-	406.38	660.24	578.71
Current Portion of Long-Term Debt	-	64.52	0.08	-	-
Current Portion of Leases	-	2.48	1.66	2.17	2.93
Current Income Taxes Payable	-	0.01	0.68	0.02	0.01
Current Unearned Revenue	-	76.21	83.88	86.29	74.98
Other Current Liabilities	-	101.67	90.17	82.15	59.48
Total Current Liabilities	-	829.01	1,274	1,736	1,682
Long-Term Debt	-	-	70	-	-
Long-Term Leases	-	2.13	3.18	0.32	3.16
Long-Term Unearned Revenue	-	4.5	5.7	0.7	1.1
Long-Term Deferred Tax Liabilities	-	5	7.23	8.87	6.49
Other Long-Term Liabilities	-	219.82	145.61	42.55	52.03
Total Liabilities	-	1,060	1,506	1,788	1,744
Common Stock	-	430.06	430.06	430.06	430.06
Additional Paid-In Capital	-	624.85	624.85	631.33	630.31
Retained Earnings	-	52.17	424.84	420.85	334.45
Comprehensive Income & Other	-	-	-	5.27	4.69
Total Common Equity	982.66	1,107	1,480	1,488	1,400
Minority Interest	-	-0.14	-0.16	9.96	15.07
Shareholders' Equity	982.51	1,107	1,480	1,497	1,415
Total Liabilities & Equity	-	2,167	2,986	3,286	3,159
Total Debt	-	69.13	481.3	662.73	584.8
Net Cash (Debt)	302.56	392.73	170.77	306.31	-46.25
Net Cash Growth	-22.96%	129.97%	-44.25%	-	-
Net Cash Per Share	0.70	0.91	0.40	0.71	-0.11
Filing Date Shares Outstanding	430.03	430.06	430.06	430.06	430.06
Total Common Shares Outstanding	430.03	430.06	430.06	430.06	430.06
Working Capital	-	255.96	547.75	356.01	295.19
Book Value Per Share	2.28	2.57	3.44	3.46	3.25
Tangible Book Value	924.55	1,042	1,377	1,410	1,337
Tangible Book Value Per Share	2.15	2.42	3.20	3.28	3.11
Buildings	-	365.23	364.07	358.16	168.95
Machinery	-	290.47	284.8	291.34	292.97
Construction In Progress	-	-	0.05	0.01	119.98

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