SHE:300374 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	402.38	375.99	273.59	162.21	164.56
Cash & Short-Term Investments	402.38	375.99	273.59	162.21	164.56
Cash Growth	7.02%	37.43%	68.67%	-1.43%	-27.71%
Accounts Receivable	2,186	1,894	1,246	1,017	1,049
Other Receivables	26.36	20.81	30.85	21.91	22.01
Receivables	2,212	1,914	1,277	1,039	1,071
Inventory	82.02	82.54	71.84	56.69	73.15
Prepaid Expenses	4.35	2.37	2.01	0.55	2.35
Other Current Assets	85.13	72.73	76.13	65.19	70.55
Total Current Assets	2,786	2,448	1,701	1,323	1,382
Property, Plant & Equipment	855.75	943.91	1,215	1,296	1,370
Long-Term Investments	0.38	0.64	2.59	10.31	11.68
Other Intangible Assets	79.49	84.58	89.44	95.37	95.29
Long-Term Accounts Receivable	37.29	31.72	9.38	5.83	6.56
Long-Term Deferred Tax Assets	179.92	203.66	201.13	183.63	135.33
Other Long-Term Assets	364.83	317.53	56.27	43.45	116.83
Total Assets	4,303	4,030	3,274	2,958	3,118
Accounts Payable	1,692	1,381	824.02	712.72	584.65
Accrued Expenses	307.43	248.11	219.44	6.05	3.38
Short-Term Debt	1,154	1,238	1,136	1,181	1,190
Current Portion of Long-Term Debt	-	-	-	-	10
Current Portion of Leases	-	-	-	-	0.79
Current Income Taxes Payable	1.14	0.04	-	-	-
Current Unearned Revenue	213.91	64.57	37.76	11.19	10.63
Other Current Liabilities	148.02	199.82	139.77	59.98	70.07
Total Current Liabilities	3,516	3,132	2,357	1,971	1,870
Long-Term Debt	-	-	15.44	25.22	25
Long-Term Leases	-	-	-	-	11.79
Long-Term Unearned Revenue	14.18	18.23	23.04	28.31	33.58
Long-Term Deferred Tax Liabilities	-	-	0.62	0.43	0.51
Other Long-Term Liabilities	29.64	38.66	15.4	1.03	5.5
Total Liabilities	3,560	3,189	2,412	2,026	1,946
Common Stock	245.91	245.91	245.91	245.91	245.91
Additional Paid-In Capital	951.38	926.62	882.52	782.21	761.12
Retained Earnings	-452.62	-321.79	-258.07	-95.34	164.67
Comprehensive Income & Other	-1.1	-9.38	-7.72	-1.16	-
Total Common Equity	743.58	841.36	862.64	931.62	1,172
Shareholders' Equity	743.58	841.36	862.64	931.62	1,172
Total Liabilities & Equity	4,303	4,030	3,274	2,958	3,118
Total Debt	1,154	1,238	1,152	1,206	1,238
Net Cash (Debt)	-751.34	-861.97	-878	-1,044	-1,073
Net Cash Per Share	-3.05	-3.52	-3.56	-4.25	-4.37
Filing Date Shares Outstanding	245.91	245.91	245.91	245.91	245.91
Total Common Shares Outstanding	245.91	245.91	245.91	245.91	245.91
Working Capital	-730.27	-683.8	-656.57	-647.91	-487.62
Book Value Per Share	3.02	3.42	3.51	3.79	4.76
Tangible Book Value	664.09	756.78	773.19	836.25	1,076
Tangible Book Value Per Share	2.70	3.08	3.14	3.40	4.38
Buildings	1,047	1,076	1,316	1,336	1,259
Machinery	276.41	278.72	279.65	276.07	318.76
Construction In Progress	1.98	12.67	11.88	9.56	18.27

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