SHE:300322 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	227.14	353.96	454.54	627.63	606.4
Trading Asset Securities	157.7	-	-	-	-
Cash & Short-Term Investments	384.85	353.96	454.54	627.63	606.4
Cash Growth	8.73%	-22.13%	-27.58%	3.50%	-34.28%
Accounts Receivable	1,285	963	759.1	646.79	727.5
Other Receivables	21.1	20.68	12.12	31.47	25.27
Receivables	1,306	983.68	771.22	678.26	752.77
Inventory	528.99	383.59	277.07	313.08	328.9
Prepaid Expenses	-	-	-	-	0.11
Other Current Assets	151.15	197.52	118.56	136.09	159.02
Total Current Assets	2,371	1,919	1,621	1,755	1,847
Property, Plant & Equipment	737.12	642.32	695.53	742.18	658.26
Long-Term Investments	178.7	180.04	200	236.29	182.85
Goodwill	18.97	18.97	40.82	50.43	50.92
Other Intangible Assets	203.46	192.07	195.32	54.57	54.99
Long-Term Deferred Tax Assets	67.49	65.42	76.27	68.78	36.86
Long-Term Deferred Charges	36.58	25.92	31.27	37.46	27.59
Other Long-Term Assets	3.82	20.71	22.93	49.4	39.25
Total Assets	3,617	3,064	2,884	2,994	2,898
Accounts Payable	837.89	523.38	451.63	518.7	517.17
Accrued Expenses	78.73	71.58	58.8	60.55	40.09
Short-Term Debt	993.81	960.62	813.03	538.35	582.31
Current Portion of Long-Term Debt	88.05	99.19	109.32	114.8	43.4
Current Portion of Leases	-	7.01	5.64	3.83	10.18
Current Income Taxes Payable	17.24	1.44	2.91	5.18	2.63
Current Unearned Revenue	9.15	8.06	8.67	5.3	4.86
Other Current Liabilities	91.42	147.34	56.18	113.06	35.07
Total Current Liabilities	2,116	1,819	1,506	1,360	1,236
Long-Term Debt	286.5	100.45	134.62	172.46	129.98
Long-Term Leases	35.5	9.23	14.9	17.87	15.31
Long-Term Unearned Revenue	91.71	104.9	125.91	137.57	81.22
Long-Term Deferred Tax Liabilities	-	-	8.24	8.54	4.7
Total Liabilities	2,530	2,033	1,790	1,696	1,467
Common Stock	460.04	465.75	465.75	465.75	465.75
Additional Paid-In Capital	545.72	610.05	610.85	613.67	612.83
Retained Earnings	3.85	-60.83	3.62	198.19	295.5
Treasury Stock	-	-50.01	-50.01	-50.01	-
Comprehensive Income & Other	-0.54	3.41	3.85	3.41	2.63
Total Common Equity	1,009	968.36	1,034	1,231	1,377
Minority Interest	77.73	62.64	59.64	66.92	54.29
Shareholders' Equity	1,087	1,031	1,094	1,298	1,431
Total Liabilities & Equity	3,617	3,064	2,884	2,994	2,898
Total Debt	1,404	1,176	1,078	847.32	781.18
Net Cash (Debt)	-1,019	-822.53	-622.97	-219.69	-174.78
Net Cash Per Share	-2.21	-1.79	-1.34	-0.48	-0.37
Filing Date Shares Outstanding	467.7	460.81	460.81	460.81	465.75
Total Common Shares Outstanding	467.7	460.81	460.81	460.81	465.75
Working Capital	254.35	100.11	115.22	395.27	611.5
Book Value Per Share	2.16	2.10	2.24	2.67	2.96
Tangible Book Value	786.63	757.32	797.92	1,126	1,271
Tangible Book Value Per Share	1.68	1.64	1.73	2.44	2.73
Buildings	-	353.66	408.13	381.77	279.8
Machinery	-	640.77	648.35	659.86	554.21
Construction In Progress	-	71.89	24.11	40.73	103.19

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