SHE:300540 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	406.03	479.93	121.48	168.26	93.41
Short-Term Investments	-	264.61	-	-	-
Cash & Short-Term Investments	406.03	744.53	121.48	168.26	93.41
Cash Growth	-45.46%	512.87%	-27.80%	80.14%	35.99%
Accounts Receivable	593.76	548.52	634.55	470.72	614.88
Other Receivables	32.91	43.93	61.87	63.09	55.4
Receivables	626.66	592.45	696.42	533.81	670.28
Inventory	294.99	280.09	222	152.16	109.2
Other Current Assets	86.71	110.93	148.08	112.34	72.19
Total Current Assets	1,414	1,728	1,188	966.57	945.08
Property, Plant & Equipment	176.72	178.18	180.02	153.95	127.25
Long-Term Investments	137.97	35.28	288.91	273.13	19.37
Other Intangible Assets	14.71	15.54	14.56	15.22	16.09
Long-Term Accounts Receivable	308.62	76.88	3.73	-	-
Long-Term Deferred Tax Assets	63.21	66.02	64.33	61.76	60.78
Long-Term Deferred Charges	1.24	0.92	1.08	0.35	0.47
Other Long-Term Assets	-	-	-	-	4
Total Assets	2,117	2,101	1,741	1,471	1,173
Accounts Payable	376.94	404.83	266.69	229.37	246.05
Accrued Expenses	38.24	49.79	36.72	21.63	26.03
Short-Term Debt	51.94	83.93	95.82	41.6	228.14
Current Portion of Long-Term Debt	15.67	27.08	2.96	19.62	0.42
Current Portion of Leases	2.5	2.8	4.28	1.09	0.51
Current Income Taxes Payable	6.7	8.1	0	0.17	0.68
Current Unearned Revenue	297.35	216.52	164.87	139.11	73.85
Other Current Liabilities	74.92	81.27	81.68	35.37	45.03
Total Current Liabilities	864.24	874.33	653.03	487.95	620.71
Long-Term Debt	66.8	82.4	55.65	-	19.6
Long-Term Leases	1.1	2.4	4.97	5.19	0.09
Long-Term Deferred Tax Liabilities	3.73	3.82	3.28	2.16	0.84
Other Long-Term Liabilities	24.08	18.12	3.88	-	-
Total Liabilities	959.95	981.06	720.82	495.3	641.24
Common Stock	229.56	165.38	164.78	160.69	124.69
Additional Paid-In Capital	753.72	844.61	830.79	791.14	341.76
Retained Earnings	159.18	107.29	34.92	2.28	27.37
Treasury Stock	-31.44	-44.92	-39.24	-	-
Comprehensive Income & Other	21.27	22.37	20.29	13.45	12.2
Total Common Equity	1,132	1,095	1,012	967.56	506.02
Minority Interest	24.64	25.04	8.25	8.12	25.78
Shareholders' Equity	1,157	1,120	1,020	975.68	531.8
Total Liabilities & Equity	2,117	2,101	1,741	1,471	1,173
Total Debt	137.99	198.62	163.69	67.49	248.76
Net Cash (Debt)	268.04	545.91	-42.2	100.77	-155.35
Net Cash Growth	-50.90%	-	-	-	-
Net Cash Per Share	1.18	3.40	-0.19	0.46	-0.89
Filing Date Shares Outstanding	229.56	231.53	230.7	224.97	224.97
Total Common Shares Outstanding	229.56	231.53	230.7	224.97	174.57
Working Capital	550.16	853.68	534.96	478.62	324.37
Book Value Per Share	4.93	4.73	4.38	4.30	2.90
Tangible Book Value	1,118	1,079	997	952.34	489.93
Tangible Book Value Per Share	4.87	4.66	4.32	4.23	2.81
Buildings	109.07	109.04	108.68	104.47	103.21
Machinery	126.33	118.19	98.23	51.88	52.09
Construction In Progress	2.08	-	9.74	26.72	-

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