SHE:300320 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	159.42	134.98	136.76	205.82	164.58
Trading Asset Securities	50.35	-	-	-	-
Cash & Short-Term Investments	209.76	134.98	136.76	205.82	164.58
Cash Growth	55.40%	-1.30%	-33.55%	25.06%	-10.65%
Accounts Receivable	1,856	1,920	1,812	1,587	1,471
Other Receivables	6.98	8.19	12.27	15.96	14.41
Receivables	1,863	1,928	1,825	1,603	1,486
Inventory	606.13	637.32	488.17	470.47	504.47
Other Current Assets	43.46	27.22	49.9	26.94	22.96
Total Current Assets	2,722	2,728	2,499	2,306	2,178
Property, Plant & Equipment	812.46	822.27	776.03	712.23	656.96
Long-Term Investments	5.32	5.28	7.18	7.66	12.57
Goodwill	114.53	155.32	164.81	167.64	171.28
Other Intangible Assets	90.01	93.4	95.64	97.12	81.78
Long-Term Deferred Tax Assets	35.04	37.15	32.74	25.97	22.79
Long-Term Deferred Charges	0.02	0.02	-	0.04	0.17
Other Long-Term Assets	17.42	13.53	23.39	14.52	15.57
Total Assets	3,797	3,855	3,599	3,331	3,139
Accounts Payable	801.77	911	843.83	737.54	701.92
Accrued Expenses	58.96	62.21	62.62	54.9	52.07
Short-Term Debt	164.99	261.03	254.23	275.89	239.39
Current Portion of Long-Term Debt	48.49	66.23	47.25	4.5	10.66
Current Portion of Leases	-	2.78	2.05	2.91	2.59
Current Income Taxes Payable	25.53	17.52	15.55	5.43	3.48
Current Unearned Revenue	34.5	17.68	25.65	21.33	16.67
Other Current Liabilities	26.71	46.69	42.6	26.12	10.71
Total Current Liabilities	1,161	1,385	1,294	1,129	1,037
Long-Term Debt	26.5	73.4	48	66.17	44.15
Long-Term Leases	14.33	5.63	2.52	4.39	6.01
Long-Term Unearned Revenue	18.22	22.23	25.54	25.14	28.77
Long-Term Deferred Tax Liabilities	4.97	5.22	5.53	5.92	6.51
Total Liabilities	1,225	1,492	1,375	1,230	1,123
Common Stock	601.23	601.23	601.23	601.23	601.23
Additional Paid-In Capital	362.54	362.54	362.54	362.54	362.54
Retained Earnings	1,568	1,360	1,224	1,101	1,013
Comprehensive Income & Other	-0.34	0	-	-	-
Total Common Equity	2,532	2,324	2,188	2,065	1,977
Minority Interest	39.99	39.52	35.74	36.12	38.96
Shareholders' Equity	2,572	2,363	2,224	2,101	2,016
Total Liabilities & Equity	3,797	3,855	3,599	3,331	3,139
Total Debt	254.32	409.07	354.05	353.87	302.8
Net Cash (Debt)	-44.56	-274.09	-217.29	-148.04	-138.22
Net Cash Per Share	-0.07	-0.46	-0.36	-0.24	-0.23
Filing Date Shares Outstanding	601.26	601.23	601.23	601.23	601.23
Total Common Shares Outstanding	601.26	601.23	601.23	601.23	601.23
Working Capital	1,561	1,343	1,206	1,177	1,140
Book Value Per Share	4.21	3.87	3.64	3.43	3.29
Tangible Book Value	2,327	2,075	1,928	1,800	1,724
Tangible Book Value Per Share	3.87	3.45	3.21	2.99	2.87
Buildings	-	524.62	498.18	404.68	377.53
Machinery	-	897.01	815.85	708.47	623.39
Construction In Progress	-	40.07	15.45	70.31	56.27

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