SHE:300489 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	129.62	62.38	124.11	127.98	170.15
Cash & Short-Term Investments	129.62	62.38	124.11	127.98	170.15
Cash Growth	107.81%	-49.74%	-3.02%	-24.78%	-79.53%
Accounts Receivable	357.49	189.04	254.08	255.65	304.1
Other Receivables	9.41	1.31	0.27	0.16	0.1
Receivables	366.9	190.35	254.36	255.81	304.2
Inventory	1,275	1,232	676.64	554.2	368.77
Prepaid Expenses	-	0.67	0.42	0.21	0.7
Other Current Assets	95.59	110.34	81.98	153.38	138.49
Total Current Assets	1,867	1,596	1,137	1,092	982.3
Property, Plant & Equipment	2,336	2,251	1,974	1,666	1,365
Other Intangible Assets	79.02	64.69	54.69	55.37	44.77
Long-Term Deferred Tax Assets	83.71	99.68	112.1	54.47	6
Long-Term Deferred Charges	14.79	17.49	0.85	1.29	0.3
Other Long-Term Assets	24.96	40.12	58.22	71.13	110.19
Total Assets	4,406	4,069	3,337	2,940	2,509
Accounts Payable	1,003	724.32	474.51	235.21	170.46
Accrued Expenses	64.83	56.15	51.3	27.09	17.42
Short-Term Debt	495.6	286.12	255.35	254.41	42.09
Current Portion of Long-Term Debt	823.76	494.71	304.82	150.68	-
Current Portion of Leases	-	2.28	2.85	1.67	1.22
Current Income Taxes Payable	11.93	0.01	0.01	0	0
Current Unearned Revenue	44.73	117.66	8.43	6.8	12.3
Other Current Liabilities	38.1	32.44	762.86	470.09	525.89
Total Current Liabilities	2,482	1,714	1,860	1,146	769.39
Long-Term Debt	196.05	918.31	1,293	1,435	1,303
Long-Term Leases	0.58	457.45	48.18	3.5	3.66
Long-Term Unearned Revenue	50.44	56.99	55.25	40.32	35.55
Long-Term Deferred Tax Liabilities	15.1	15.12	16.29	17.16	0.08
Other Long-Term Liabilities	712.44	-	-	-	-
Total Liabilities	3,456	3,162	3,273	2,642	2,112
Common Stock	137.67	137.67	137.67	136.13	136.13
Additional Paid-In Capital	766.41	718.49	178.83	173.26	157.63
Retained Earnings	-272.69	-239.49	-251.75	-10.72	103.31
Comprehensive Income & Other	1.46	-0.36	-0.25	-0.16	0.21
Total Common Equity	632.85	616.31	64.5	298.52	397.26
Minority Interest	316.73	291.36	-	-	-
Shareholders' Equity	949.58	907.68	64.5	298.52	397.26
Total Liabilities & Equity	4,406	4,069	3,337	2,940	2,509
Total Debt	1,516	2,159	1,904	1,845	1,350
Net Cash (Debt)	-1,386	-2,096	-1,780	-1,717	-1,180
Net Cash Per Share	-10.07	-15.22	-13.00	-12.61	-8.66
Filing Date Shares Outstanding	137.6	137.67	137.67	136.13	136.13
Total Common Shares Outstanding	137.6	137.67	137.67	136.13	136.13
Working Capital	-614.02	-117.61	-722.63	-54.38	212.91
Book Value Per Share	4.60	4.48	0.47	2.19	2.92
Tangible Book Value	553.83	551.62	9.82	243.14	352.5
Tangible Book Value Per Share	4.02	4.01	0.07	1.79	2.59
Buildings	-	-	471.04	470.19	460.18
Machinery	-	2,135	1,429	1,281	511.06
Construction In Progress	-	511.96	363.97	93.24	511.89

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