SHE:300505 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	880.34	736.43	771.9	285.2	260
Trading Asset Securities	-	-	30.1	-	-
Cash & Short-Term Investments	880.34	736.43	801.99	285.2	260
Cash Growth	19.54%	-8.18%	181.20%	9.69%	-35.57%
Accounts Receivable	339.96	332.08	374.81	122.72	97.9
Other Receivables	27.87	20.59	35.18	12.75	2.25
Receivables	367.83	352.67	409.99	135.47	100.16
Inventory	856.73	678.19	468.36	851.82	396.73
Other Current Assets	106.33	45.63	81.83	73.71	97.33
Total Current Assets	2,211	1,813	1,762	1,346	854.21
Property, Plant & Equipment	1,570	1,577	1,552	1,495	1,342
Other Intangible Assets	186.98	166.58	169.11	153.07	91.85
Long-Term Deferred Tax Assets	3.02	0.84	23.23	0.66	0.48
Other Long-Term Assets	371.55	51.96	47.4	61.39	57.12
Total Assets	4,343	3,609	3,554	3,057	2,345
Accounts Payable	225.19	196.75	191.8	314.09	260.14
Accrued Expenses	47.77	35.04	30.36	32.98	23.18
Short-Term Debt	537.86	341.14	443.67	328.38	98.28
Current Portion of Long-Term Debt	120.26	227.71	74.09	121.66	27
Current Portion of Leases	9.52	0.03	0.03	0.02	0.58
Current Income Taxes Payable	27.05	6.77	3.24	10.23	14.48
Current Unearned Revenue	37.11	32.18	22.95	56.38	77.89
Other Current Liabilities	169.12	65.61	125.5	39.87	8.25
Total Current Liabilities	1,174	905.23	891.64	903.61	509.81
Long-Term Debt	78.06	102.12	210.75	263.84	278.37
Long-Term Leases	2.83	0.5	0.53	0.7	-
Long-Term Deferred Tax Liabilities	11.59	6.74	7.55	0.13	-
Other Long-Term Liabilities	75.52	-	-	-	-
Total Liabilities	1,342	1,015	1,110	1,168	788.18
Common Stock	274.87	274.87	274.87	224.69	149.79
Additional Paid-In Capital	1,282	1,282	1,282	663.49	738.38
Retained Earnings	1,356	984.4	838.58	930.04	612.96
Comprehensive Income & Other	5.62	-0.53	3.29	0.1	0.79
Total Common Equity	2,918	2,541	2,399	1,818	1,502
Minority Interest	82.91	53.76	44.62	70.15	55.15
Shareholders' Equity	3,001	2,595	2,443	1,888	1,557
Total Liabilities & Equity	4,343	3,609	3,554	3,057	2,345
Total Debt	748.53	671.5	729.06	714.6	404.23
Net Cash (Debt)	131.81	64.93	72.94	-429.4	-144.24
Net Cash Growth	103.00%	-10.97%	-	-	-
Net Cash Per Share	0.48	0.24	0.30	-1.91	-0.72
Filing Date Shares Outstanding	274.87	274.87	274.87	224.69	224.69
Total Common Shares Outstanding	274.87	274.87	274.87	224.69	224.69
Working Capital	1,037	907.69	870.54	442.58	344.4
Book Value Per Share	10.62	9.24	8.73	8.09	6.68
Tangible Book Value	2,731	2,374	2,230	1,665	1,410
Tangible Book Value Per Share	9.94	8.64	8.11	7.41	6.28
Buildings	1,038	999.56	953.61	824.85	597.47
Machinery	1,231	1,174	1,169	992.3	872.37
Construction In Progress	205.87	186.81	72.92	194.53	280.02

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