SHE:300228 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	1,103	821.65	910.26	661.48	553.49
Trading Asset Securities	2.03	-	-	243.45	316.72
Cash & Short-Term Investments	1,105	821.65	910.26	904.93	870.2
Cash Growth	34.45%	-9.74%	0.59%	3.99%	38.51%
Accounts Receivable	963.7	890.11	741.42	494.4	518.03
Other Receivables	13	47.36	40.42	25.61	50.58
Receivables	976.69	937.47	781.84	520.01	568.62
Inventory	736.84	804.77	1,001	864.21	808.47
Other Current Assets	95.96	81.95	74.92	119.96	64.72
Total Current Assets	2,914	2,646	2,768	2,409	2,312
Property, Plant & Equipment	956.28	1,039	1,113	991.96	866.5
Long-Term Investments	63.86	60.5	73.18	73.16	78.79
Goodwill	2.26	2.79	2.79	16.49	15.95
Other Intangible Assets	168.86	176.72	177.37	182.57	179.77
Long-Term Deferred Tax Assets	56.68	67.35	60.15	57.25	38.95
Long-Term Deferred Charges	42.21	41.75	44.49	29.24	17
Other Long-Term Assets	18.43	17.71	24.27	35.32	28.62
Total Assets	4,223	4,051	4,263	3,795	3,538
Accounts Payable	741.51	788.59	1,126	783.18	647.75
Accrued Expenses	68.49	91.47	87.12	45.88	53.92
Short-Term Debt	78.08	132.44	284.17	493.84	466.05
Current Portion of Long-Term Debt	21.28	1.42	26.03	9.43	99.14
Current Portion of Leases	-	12.7	19.91	8.09	7.98
Current Income Taxes Payable	37.06	39.32	27.79	5.76	3.56
Current Unearned Revenue	476.68	488.32	583.51	559.86	232.38
Other Current Liabilities	88.11	69.25	44.15	41.73	45.17
Total Current Liabilities	1,511	1,624	2,199	1,948	1,556
Long-Term Debt	17.5	18.9	-	68.36	7.02
Long-Term Leases	12.7	7.5	20.68	10.2	-
Long-Term Unearned Revenue	5.29	5.97	5.13	4.11	5.63
Long-Term Deferred Tax Liabilities	11.18	12.07	13.24	8.33	4.31
Total Liabilities	1,558	1,668	2,238	2,039	1,573
Common Stock	597.43	585.86	575.41	575.41	575.41
Additional Paid-In Capital	1,373	1,307	1,221	1,201	1,211
Retained Earnings	522.48	328.25	132.05	-15.05	214.12
Comprehensive Income & Other	-17.48	-25.98	-29.33	-32.75	-36.14
Total Common Equity	2,476	2,195	1,899	1,729	1,964
Minority Interest	189.31	188.56	126.1	27.23	0.36
Shareholders' Equity	2,665	2,384	2,025	1,756	1,965
Total Liabilities & Equity	4,223	4,051	4,263	3,795	3,538
Total Debt	129.56	172.96	350.79	589.93	580.18
Net Cash (Debt)	975.11	648.69	559.47	314.99	290.02
Net Cash Growth	50.32%	15.95%	77.61%	8.61%	-
Net Cash Per Share	1.63	1.10	0.97	0.55	0.55
Filing Date Shares Outstanding	589.23	585.86	575.41	575.41	575.41
Total Common Shares Outstanding	589.23	585.86	575.41	575.41	575.41
Working Capital	1,403	1,022	569.15	461.31	756.07
Book Value Per Share	4.20	3.75	3.30	3.00	3.41
Tangible Book Value	2,304	2,015	1,719	1,530	1,769
Tangible Book Value Per Share	3.91	3.44	2.99	2.66	3.07
Buildings	-	965.14	962.22	890.93	874.73
Machinery	-	1,024	966.53	802.9	720.12
Construction In Progress	-	61.92	56.68	108.59	10.91

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