SHE:300283 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	138.47	38.08	137.14	160.78	242.84
Trading Asset Securities	0.07	0.19	0.04	0.31	0.13
Cash & Short-Term Investments	138.54	38.26	137.18	161.08	242.96
Cash Growth	262.05%	-72.11%	-14.84%	-33.70%	237.77%
Accounts Receivable	436.01	424.6	385.12	344.7	288.81
Other Receivables	13.04	18.66	16.28	5.35	4.38
Receivables	449.05	443.25	401.4	350.05	293.19
Inventory	943.25	812.76	765.15	748.15	547.67
Prepaid Expenses	0.33	0.97	0.78	0.52	-
Other Current Assets	40.99	65.65	77.39	45.29	48.01
Total Current Assets	1,572	1,361	1,382	1,305	1,132
Property, Plant & Equipment	1,668	1,488	1,106	832.07	607.51
Long-Term Investments	110.67	109.06	105.8	93.08	82.22
Other Intangible Assets	170.28	172.07	163.03	81.4	83.46
Long-Term Deferred Tax Assets	13.87	20.76	17.04	10.59	12.01
Long-Term Deferred Charges	13.02	7.64	14.03	1.17	0.05
Other Long-Term Assets	21.35	27.51	66.39	142.44	108.21
Total Assets	3,569	3,186	2,855	2,466	2,025
Accounts Payable	459.1	394.4	314.25	200.15	134.85
Accrued Expenses	56.37	38.7	32.77	25.46	25.42
Short-Term Debt	487.7	245.47	453.63	494.56	724.2
Current Portion of Long-Term Debt	430.5	413.17	219.4	71.62	26.11
Current Portion of Leases	57.27	43.4	22.01	19.85	20.59
Current Income Taxes Payable	14.96	0.92	1.69	2.48	0.4
Current Unearned Revenue	25.29	27.93	8.04	8.14	15.68
Other Current Liabilities	127.36	31.77	20.11	72.05	143.91
Total Current Liabilities	1,659	1,196	1,072	894.29	1,091
Long-Term Debt	667.75	961.14	630.44	500.67	63.09
Long-Term Leases	50.34	70.55	69.78	38.04	16.37
Long-Term Unearned Revenue	53.66	35.67	21.43	25.69	20.75
Long-Term Deferred Tax Liabilities	0.87	11.03	14	16.85	6.34
Total Liabilities	2,431	2,274	1,808	1,476	1,198
Common Stock	496.98	437.28	437.13	437.1	437.09
Additional Paid-In Capital	389.4	105.59	118.89	121.1	120.07
Retained Earnings	228.73	203.55	285.97	275.78	262.94
Comprehensive Income & Other	0.93	110.47	110.97	110.75	-0.13
Total Common Equity	1,116	856.89	952.96	944.72	819.95
Minority Interest	22.24	54.52	93.97	45.58	7.64
Shareholders' Equity	1,138	911.41	1,047	990.3	827.59
Total Liabilities & Equity	3,569	3,186	2,855	2,466	2,025
Total Debt	1,694	1,734	1,395	1,125	850.36
Net Cash (Debt)	-1,555	-1,695	-1,258	-963.65	-607.4
Net Cash Per Share	-3.09	-3.91	-2.98	-2.22	-1.41
Filing Date Shares Outstanding	496.98	437.28	437.13	437.1	437.09
Total Common Shares Outstanding	496.98	437.28	437.13	437.1	437.09
Working Capital	-86.38	165.13	309.99	410.79	40.68
Book Value Per Share	2.25	1.96	2.18	2.16	1.88
Tangible Book Value	945.75	684.82	789.94	863.32	736.49
Tangible Book Value Per Share	1.90	1.57	1.81	1.98	1.69
Buildings	698.82	462.23	408.9	330.41	328.01
Machinery	1,130	936.49	831.87	685.73	525.15
Construction In Progress	444.26	597.42	242.93	110.35	38.39

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