SHE:300445 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	327.91	343.02	225.49	228.4	337.84
Trading Asset Securities	240.64	80.09	80.31	86.7	-
Cash & Short-Term Investments	568.56	423.11	305.79	315.1	337.84
Cash Growth	34.38%	38.37%	-2.95%	-6.73%	-29.51%
Accounts Receivable	131.06	130.66	119.43	106.37	79.89
Other Receivables	3.33	2.55	5.89	2.36	13.54
Receivables	134.39	133.21	125.32	108.73	93.44
Inventory	142.71	141.37	139.27	125.67	82.87
Other Current Assets	13.19	16.39	11.17	16.14	23.54
Total Current Assets	858.85	714.08	581.56	565.64	537.69
Property, Plant & Equipment	338.44	346.13	357.09	345.52	264.16
Long-Term Investments	8.04	8.23	8.11	8.62	7.89
Goodwill	8.64	9.53	9.53	9.53	-
Other Intangible Assets	180.51	136.15	123.29	139.56	131.31
Long-Term Deferred Tax Assets	23.68	18.84	14.93	16.09	4.01
Long-Term Deferred Charges	8.47	89.58	113.52	66.34	54.27
Other Long-Term Assets	14.71	11.03	14.11	18.48	31.08
Total Assets	1,442	1,334	1,223	1,171	1,032
Accounts Payable	17.03	17.52	15.28	35.51	39.98
Accrued Expenses	45.43	46.54	38.99	37.96	32.69
Current Portion of Leases	4.41	1.93	3.61	1.65	3.81
Current Income Taxes Payable	3	3.11	0.51	6.6	0.01
Current Unearned Revenue	17.24	15.84	16.39	20.85	7.9
Other Current Liabilities	4.33	4.78	4.22	19.23	2.97
Total Current Liabilities	91.44	89.73	79	121.79	87.36
Long-Term Leases	13.74	1.23	1.97	1.28	0.79
Long-Term Unearned Revenue	33.93	32.27	35.52	33.15	5.03
Long-Term Deferred Tax Liabilities	3.37	1.71	2.3	1.52	-
Other Long-Term Liabilities	2.64	-	-	-	-
Total Liabilities	145.13	124.94	118.79	157.74	93.18
Common Stock	212.43	212.43	212.43	212.43	212.43
Additional Paid-In Capital	228.36	228.36	231.77	231.77	231.76
Retained Earnings	829.08	743.78	635.35	548.31	485.6
Comprehensive Income & Other	11.52	10.5	5.75	1.26	-5.48
Total Common Equity	1,281	1,195	1,085	993.77	924.31
Minority Interest	15.11	14.13	18.87	19.38	14.27
Shareholders' Equity	1,297	1,209	1,104	1,013	938.57
Total Liabilities & Equity	1,442	1,334	1,223	1,171	1,032
Total Debt	18.15	3.16	5.59	2.93	4.61
Net Cash (Debt)	550.4	419.95	300.21	312.17	333.23
Net Cash Growth	31.06%	39.89%	-3.83%	-6.32%	-30.47%
Net Cash Per Share	2.58	1.98	1.41	1.45	1.57
Filing Date Shares Outstanding	212.43	212.43	212.43	212.43	212.43
Total Common Shares Outstanding	212.43	212.43	212.43	212.43	212.43
Working Capital	767.41	624.36	502.56	443.85	450.33
Book Value Per Share	6.03	5.63	5.11	4.68	4.35
Tangible Book Value	1,092	1,049	952.48	844.68	793
Tangible Book Value Per Share	5.14	4.94	4.48	3.98	3.73
Buildings	271.17	269.67	270.36	268.79	116.17
Machinery	198.68	196.24	181.71	136.92	100.8
Construction In Progress	2.25	5.25	5.64	22.47	110.86

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.