SHE:300611 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	433.43	192.93	220.48	189.52	142.75
Trading Asset Securities	0.23	0.16	0.2	0.29	0.43
Cash & Short-Term Investments	433.66	193.09	220.68	189.81	143.18
Cash Growth	124.59%	-12.50%	16.26%	32.57%	142.42%
Accounts Receivable	703.39	681.09	628.69	437.5	400.5
Other Receivables	66.13	7.67	3.64	3.25	8.26
Receivables	769.52	688.76	632.32	440.75	408.77
Inventory	354.26	286.55	283.09	260.31	219.39
Prepaid Expenses	-	-	-	0.22	7.96
Other Current Assets	25.68	32.17	14	37.55	34.77
Total Current Assets	1,583	1,201	1,150	928.64	814.06
Property, Plant & Equipment	832.78	756.47	820.67	870.56	801.51
Long-Term Investments	28.01	19.09	-	-	-
Goodwill	10.78	10.78	10.78	31.73	59.05
Other Intangible Assets	167.1	110.56	113.45	116.82	122.58
Long-Term Deferred Tax Assets	13.03	7.2	4.7	8.7	13.03
Long-Term Deferred Charges	4.36	3.6	4.4	3.07	0.84
Other Long-Term Assets	18.36	62.41	7.72	9.62	24.28
Total Assets	2,658	2,171	2,112	1,969	1,835
Accounts Payable	395.2	364.25	387.25	318.64	271.71
Accrued Expenses	43.84	47.94	39.48	36.53	28.12
Short-Term Debt	496.01	255.98	300.04	201.99	188.01
Current Portion of Long-Term Debt	169.94	55.97	56.61	28.88	8.01
Current Portion of Leases	-	1.86	2.08	1.31	0.54
Current Income Taxes Payable	19.61	3.73	0.76	1.7	0
Current Unearned Revenue	3.12	2.79	4.44	5.02	3.32
Other Current Liabilities	34.95	7.17	5.57	10.86	19.34
Total Current Liabilities	1,163	739.69	796.22	604.94	519.06
Long-Term Debt	107.18	230.76	205	261.62	388.51
Long-Term Leases	3.1	2.17	0.42	1.35	0.34
Long-Term Unearned Revenue	32.83	25.41	24.55	26.23	23.43
Long-Term Deferred Tax Liabilities	-	0.44	0.83	0.26	0.23
Total Liabilities	1,306	998.46	1,027	894.39	931.57
Common Stock	211.07	211.07	211.07	211.07	178.96
Additional Paid-In Capital	568.62	547.84	547.84	547.37	257.61
Retained Earnings	480.75	359.82	263.53	229.15	275.66
Treasury Stock	-	-30.01	-30.01	-	-13.66
Comprehensive Income & Other	6	-1.16	-	-	100.86
Total Common Equity	1,266	1,088	992.44	987.6	799.44
Minority Interest	85.33	84.65	92.35	87.15	104.33
Shareholders' Equity	1,352	1,172	1,085	1,075	903.77
Total Liabilities & Equity	2,658	2,171	2,112	1,969	1,835
Total Debt	776.23	546.74	564.14	495.15	585.41
Net Cash (Debt)	-342.57	-353.65	-343.47	-305.34	-442.24
Net Cash Per Share	-1.62	-1.69	-1.60	-1.62	-2.60
Filing Date Shares Outstanding	208.86	208.1	208.1	211.07	177.46
Total Common Shares Outstanding	208.86	208.1	208.1	211.07	177.46
Working Capital	420.46	460.88	353.87	323.7	295
Book Value Per Share	6.06	5.23	4.77	4.68	4.50
Tangible Book Value	1,089	966.22	868.21	839.05	617.82
Tangible Book Value Per Share	5.21	4.64	4.17	3.98	3.48
Buildings	-	463.86	477.7	470.04	407.97
Machinery	-	1,397	1,343	1,233	1,148
Construction In Progress	-	9.55	20.74	81.85	81.6

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