SHE:300412 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	329.47	263.99	295.13	391.82	492.41
Trading Asset Securities	211.39	99.51	-	-	-
Cash & Short-Term Investments	540.86	363.5	295.13	391.82	492.41
Cash Growth	48.79%	23.17%	-24.68%	-20.43%	52.19%
Accounts Receivable	435.3	503.14	478.46	544.13	462.68
Other Receivables	65.09	20.97	38.84	-28.15	1.7
Receivables	500.38	524.11	517.3	515.98	464.38
Inventory	665.17	747.83	905.72	766.47	671.83
Other Current Assets	62.63	46.52	75.79	120.83	99.89
Total Current Assets	1,769	1,682	1,794	1,795	1,729
Property, Plant & Equipment	591.23	620.49	628.41	533.52	424.57
Goodwill	22.36	25.83	25.83	25.83	60.37
Other Intangible Assets	96.5	99.81	109.28	109.85	78.32
Long-Term Deferred Tax Assets	19.74	17.46	19.14	19.9	13.68
Long-Term Deferred Charges	8.51	8.9	6.73	4.94	5.49
Other Long-Term Assets	24.44	27.41	14.58	10.89	2.44
Total Assets	2,532	2,482	2,598	2,500	2,313
Accounts Payable	417.18	375.66	375.09	465.83	341.44
Accrued Expenses	42.26	53.9	43.89	54.6	48.72
Short-Term Debt	337.75	240.83	137.14	143.14	98.12
Current Portion of Long-Term Debt	-	5.76	77.59	2.3	-
Current Portion of Leases	-	5.8	8	9.22	6.39
Current Income Taxes Payable	-	3.07	1.72	3.49	14.72
Current Unearned Revenue	457.31	479.03	645.86	557.49	423.25
Other Current Liabilities	63.07	41.3	49.1	53.69	47.65
Total Current Liabilities	1,318	1,205	1,338	1,290	980.3
Long-Term Debt	107.48	174.19	180.24	98.07	116.49
Long-Term Leases	6.57	8.79	11.66	15.7	15.27
Long-Term Unearned Revenue	6.54	7.09	7.65	8.21	8.77
Long-Term Deferred Tax Liabilities	3.32	4.11	4	4.82	4.82
Total Liabilities	1,441	1,400	1,542	1,417	1,126
Common Stock	497.76	497.76	497.76	497.76	292.8
Additional Paid-In Capital	343.42	343.42	343.42	343.42	548.38
Retained Earnings	210.54	210.77	174.5	197.93	290.7
Total Common Equity	1,052	1,052	1,016	1,039	1,132
Minority Interest	38.62	30.39	40.29	44.35	55.84
Shareholders' Equity	1,090	1,082	1,056	1,083	1,188
Total Liabilities & Equity	2,532	2,482	2,598	2,500	2,313
Total Debt	451.8	435.36	414.62	268.44	236.27
Net Cash (Debt)	89.06	-71.86	-119.5	123.38	256.14
Net Cash Growth	-	-	-	-51.83%	81.17%
Net Cash Per Share	0.18	-0.14	-0.25	0.25	0.56
Filing Date Shares Outstanding	461.41	497.76	497.76	497.76	497.76
Total Common Shares Outstanding	461.41	497.76	497.76	497.76	497.76
Working Capital	451.47	476.62	455.55	505.33	748.21
Book Value Per Share	2.28	2.11	2.04	2.09	2.27
Tangible Book Value	932.87	926.31	880.57	903.43	993.19
Tangible Book Value Per Share	2.02	1.86	1.77	1.81	2.00
Buildings	-	603.57	514.72	224.2	206.92
Machinery	-	185.46	164.75	139.63	122.61
Construction In Progress	-	1.82	100.4	287.41	194.76

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