SHE:300221 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	97.81	115.81	44.06	98.46	105.75
Short-Term Investments	-	10.92	63.87	72.16	-
Trading Asset Securities	-	1.5	3.13	130.48	88.78
Cash & Short-Term Investments	97.81	128.24	111.07	301.11	194.53
Cash Growth	-23.73%	15.46%	-63.11%	54.78%	54.21%
Accounts Receivable	764.81	834.69	671.11	608.11	958.08
Other Receivables	8.17	15.07	10.77	5.89	15.21
Receivables	772.98	849.76	681.89	613.99	973.29
Inventory	282.68	306.32	205.68	250.27	281.36
Prepaid Expenses	-	0.06	-	-	-
Other Current Assets	76.67	84.05	52.47	53.34	45.61
Total Current Assets	1,230	1,368	1,051	1,219	1,495
Property, Plant & Equipment	749.01	686.09	613.69	369.85	344.38
Long-Term Investments	12.06	14.63	14.89	21.53	18.67
Goodwill	-	-	-	14.3	14.3
Other Intangible Assets	87.62	89.9	100.59	103.04	46.26
Long-Term Accounts Receivable	-	-	-	2.25	3.44
Long-Term Deferred Tax Assets	9.25	11.3	11.24	10.48	10.63
Long-Term Deferred Charges	45.44	49.95	16.33	10.55	10.08
Other Long-Term Assets	86.92	112.71	37.42	22.36	9.99
Total Assets	2,220	2,333	1,845	1,773	1,953
Accounts Payable	294.08	461.48	256.42	300.03	375.21
Accrued Expenses	46.91	31.37	30.75	24.97	39.32
Short-Term Debt	140.96	203.61	53.55	55.99	206.3
Current Portion of Long-Term Debt	43.43	20.86	5.25	-	-
Current Portion of Leases	-	15.81	8.27	10.7	10.16
Current Income Taxes Payable	6.66	0.28	0.03	0.02	0.09
Current Unearned Revenue	6.91	2.58	0.79	2.07	2.85
Other Current Liabilities	44.37	81.56	61.27	83.61	122.41
Total Current Liabilities	583.33	817.55	416.35	477.39	756.35
Long-Term Debt	68.82	63.89	44.79	-	-
Long-Term Leases	57.2	71.57	47.68	18.59	25.73
Long-Term Unearned Revenue	2.95	0.5	0.79	0.29	1.31
Long-Term Deferred Tax Liabilities	9.67	10.1	6.81	6.24	1.98
Total Liabilities	721.96	963.61	516.43	502.5	785.37
Common Stock	473.75	477.82	474.56	474.56	476.21
Additional Paid-In Capital	732.13	1,008	1,018	1,009	941.16
Retained Earnings	297.02	-77.94	-129.38	-156.41	-151.01
Treasury Stock	-34.46	-62.99	-56.9	-77.44	-110.06
Comprehensive Income & Other	-2.93	-2.53	-2.24	-2.78	-5.72
Total Common Equity	1,466	1,343	1,304	1,247	1,151
Minority Interest	32.95	26.62	24.97	23.68	16.61
Shareholders' Equity	1,498	1,369	1,329	1,271	1,167
Total Liabilities & Equity	2,220	2,333	1,845	1,773	1,953
Total Debt	310.41	375.74	159.55	85.28	242.19
Net Cash (Debt)	-212.6	-247.51	-48.49	215.83	-47.66
Net Cash Per Share	-0.45	-0.54	-0.11	0.49	-0.10
Filing Date Shares Outstanding	462.43	477.82	474.56	474.56	476.21
Total Common Shares Outstanding	462.43	477.82	474.56	474.56	476.21
Working Capital	646.8	550.89	634.76	741.33	738.45
Book Value Per Share	3.17	2.81	2.75	2.63	2.42
Tangible Book Value	1,378	1,253	1,203	1,130	1,090
Tangible Book Value Per Share	2.98	2.62	2.54	2.38	2.29
Land	-	41.47	38.52	2.95	4.04
Buildings	-	494.51	242.73	258.88	258.88
Machinery	-	292.06	241.02	289.18	270.42
Construction In Progress	-	16.23	304.02	66.1	33.63

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