SHE:300246 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	676.95	466.39	498.72	437.03	336.55
Short-Term Investments	-	263.97	322.21	342.83	-
Cash & Short-Term Investments	676.95	730.35	820.93	779.86	336.55
Cash Growth	-7.31%	-11.03%	5.27%	131.72%	-30.33%
Accounts Receivable	246.69	262.44	261.25	297.24	232.03
Other Receivables	9.97	54.72	27.59	25.22	26.26
Receivables	256.67	317.16	288.84	322.46	258.29
Inventory	287.82	232.07	220.37	200.57	193.5
Other Current Assets	54.2	54.1	41.26	33	41.41
Total Current Assets	1,276	1,334	1,371	1,336	829.76
Property, Plant & Equipment	957.12	911.18	888.73	737.85	584.72
Long-Term Investments	27.51	13.84	8.53	8.69	9.83
Goodwill	15.49	25.15	40.67	127.13	127.13
Other Intangible Assets	104.36	101.63	98.08	94.51	90.51
Long-Term Accounts Receivable	-	4.12	5.59	-	-
Long-Term Deferred Tax Assets	40.65	29.19	18.13	25	10.48
Long-Term Deferred Charges	42.56	39.81	40.85	25.91	31.85
Other Long-Term Assets	58.97	40.21	62.43	83.97	35.24
Total Assets	2,522	2,499	2,534	2,439	1,720
Accounts Payable	224.01	206.49	246.8	221.26	178.44
Accrued Expenses	24.73	43.5	38.87	49.57	37.35
Short-Term Debt	133.32	188.14	220.41	132.64	130.66
Current Portion of Long-Term Debt	264.28	40.7	50.37	14.55	8.06
Current Portion of Leases	-	6.65	6.45	5.95	4.47
Current Income Taxes Payable	4.47	1.98	3.08	3.98	3.37
Current Unearned Revenue	49.15	43.75	69.39	76.01	48.08
Other Current Liabilities	102.59	144.61	135.34	99.43	86.77
Total Current Liabilities	802.54	675.82	770.7	603.39	497.2
Long-Term Debt	306.89	388.05	284.16	252.97	205.21
Long-Term Leases	20.32	22.19	23.61	21.46	8.12
Long-Term Unearned Revenue	167.89	106.94	50.3	45.38	9.32
Long-Term Deferred Tax Liabilities	11.44	14.72	14.87	13.48	7.25
Other Long-Term Liabilities	1.04	-	1.81	-	0.03
Total Liabilities	1,310	1,208	1,145	936.68	727.13
Common Stock	264.58	264.58	264.58	175.79	146.09
Additional Paid-In Capital	408.11	408.04	408.03	504.38	-
Retained Earnings	430.53	513.04	584.48	684.82	698.15
Treasury Stock	-20.01	-20.01	-	-	-
Comprehensive Income & Other	54.33	53.04	53.81	51.09	49.64
Total Common Equity	1,138	1,219	1,311	1,416	893.89
Minority Interest	74.65	72.43	78.05	86.17	98.49
Shareholders' Equity	1,212	1,291	1,389	1,502	992.38
Total Liabilities & Equity	2,522	2,499	2,534	2,439	1,720
Total Debt	724.8	645.72	584.99	427.57	356.52
Net Cash (Debt)	-47.86	84.63	235.94	352.29	-19.97
Net Cash Growth	-	-64.13%	-33.03%	-	-
Net Cash Per Share	-0.18	0.32	0.89	1.35	-0.09
Filing Date Shares Outstanding	263.9	261.6	264.58	263.68	262.22
Total Common Shares Outstanding	263.9	261.6	264.58	263.68	219.14
Working Capital	473.1	657.87	600.7	732.5	332.56
Book Value Per Share	4.31	4.66	4.95	5.37	4.08
Tangible Book Value	1,018	1,092	1,172	1,194	676.25
Tangible Book Value Per Share	3.86	4.17	4.43	4.53	3.09
Buildings	-	582.36	308.84	244.21	216.58
Machinery	-	448.39	418.44	398.3	361.28
Construction In Progress	-	127.92	365.74	263.45	155.7

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