SHE:300554 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	79.59	114.53	110.62	97.46	34.14
Trading Asset Securities	78.29	65.06	35.05	-	145.88
Cash & Short-Term Investments	157.88	179.59	145.67	97.46	180.02
Cash Growth	-12.09%	23.29%	49.46%	-45.86%	5.34%
Accounts Receivable	130.39	157.69	253.7	222.83	133.77
Other Receivables	1.94	1.43	1.65	2.16	1.22
Receivables	132.33	159.12	255.35	224.99	134.99
Inventory	125.35	133.53	217.59	192.5	91.92
Prepaid Expenses	-	16.62	18.53	4.8	5.8
Other Current Assets	17.09	1.12	1.81	3.07	4.61
Total Current Assets	432.64	489.98	638.94	522.81	417.34
Property, Plant & Equipment	271.19	336.32	441.5	360.42	255.35
Other Intangible Assets	30.49	33.02	28.16	29.05	20.68
Long-Term Deferred Tax Assets	33.56	72.72	35.37	35.17	26.29
Long-Term Deferred Charges	0.64	0.96	0.73	0.39	0.66
Other Long-Term Assets	22.15	38.74	39.91	49.83	45.52
Total Assets	790.68	971.74	1,185	997.66	765.84
Accounts Payable	88.08	90.75	215.14	222.72	82.34
Accrued Expenses	9.65	16.11	25.75	20.11	18.03
Short-Term Debt	72.3	94.64	74.07	67.06	-
Current Portion of Long-Term Debt	40.64	9.55	-	-	0.59
Current Portion of Leases	-	-	0.81	0.4	-
Current Income Taxes Payable	1.51	0.03	0.94	0.47	0.96
Current Unearned Revenue	7.64	6.57	5.33	0.66	1
Other Current Liabilities	7.7	2.07	1.59	1.63	0.56
Total Current Liabilities	227.52	219.72	323.64	313.04	103.48
Long-Term Debt	31.75	61.87	29.76	-	141.39
Long-Term Leases	-	-	2.26	2.42	-
Long-Term Unearned Revenue	16.32	20.03	16.94	17.2	19.17
Long-Term Deferred Tax Liabilities	-	-	-	-	6.63
Total Liabilities	275.59	301.63	372.6	332.66	270.68
Common Stock	114.21	114.21	114.21	104.83	93.61
Additional Paid-In Capital	529.62	-	-	419.94	219.2
Retained Earnings	-141.94	17.13	167.2	140.29	127.46
Comprehensive Income & Other	-2.77	526.91	529.1	-1.95	54.89
Total Common Equity	499.13	658.24	810.52	663.1	495.16
Minority Interest	15.96	11.87	1.5	1.9	-
Shareholders' Equity	515.09	670.12	812.01	665	495.16
Total Liabilities & Equity	790.68	971.74	1,185	997.66	765.84
Total Debt	144.69	166.06	106.91	69.88	141.99
Net Cash (Debt)	13.19	13.52	38.75	27.58	38.03
Net Cash Growth	-2.47%	-65.10%	40.52%	-27.49%	-
Net Cash Per Share	0.12	0.12	0.35	0.29	0.41
Filing Date Shares Outstanding	114.24	114.21	114.21	104.83	93.61
Total Common Shares Outstanding	114.24	114.21	114.21	104.83	93.61
Working Capital	205.12	270.26	315.3	209.77	313.86
Book Value Per Share	4.37	5.76	7.10	6.33	5.29
Tangible Book Value	468.63	625.23	782.35	634.05	474.49
Tangible Book Value Per Share	4.10	5.47	6.85	6.05	5.07
Buildings	-	230.58	213.22	154.02	150.02
Machinery	-	299.72	364.69	284.42	235.77
Construction In Progress	-	8.74	22.74	66.87	4.47

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