SHE:300649 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	92.86	195.41	136	158.25	250.04
Cash & Short-Term Investments	92.86	195.41	136	158.25	250.04
Cash Growth	-52.48%	43.68%	-14.06%	-36.71%	191.67%
Accounts Receivable	401.24	489.94	643.27	775.09	916.67
Other Receivables	2.5	2.53	3.29	5.87	5.31
Receivables	403.74	492.48	646.56	780.96	921.99
Inventory	0.21	-	-	-	-
Other Current Assets	5.7	2.86	2.61	3.05	1.66
Total Current Assets	502.51	690.74	785.17	942.26	1,174
Property, Plant & Equipment	173.85	167.1	173.95	177.16	187.43
Long-Term Investments	92.42	119.63	108.97	94.7	30.84
Other Intangible Assets	1.95	0.92	0.58	0.74	0.69
Long-Term Deferred Tax Assets	16.67	19.19	19.15	16.34	13.87
Long-Term Deferred Charges	3.59	0.32	0.28	-	-
Other Long-Term Assets	68.43	3.62	3.61	8.81	4.2
Total Assets	859.42	1,002	1,092	1,240	1,411
Accounts Payable	286.69	436.22	485.95	627.74	798.59
Accrued Expenses	14.67	29.06	38.9	53.38	60.52
Short-Term Debt	49.33	-	-	-	-
Current Portion of Long-Term Debt	2.83	-	-	-	-
Current Portion of Leases	-	1.76	0.7	1.59	2.85
Current Income Taxes Payable	5.02	0	0.07	-	3.35
Current Unearned Revenue	1.13	1.05	3.62	1.43	1.41
Other Current Liabilities	31.62	29.51	19.27	16.86	10.28
Total Current Liabilities	391.29	497.6	548.5	701	876.99
Long-Term Leases	12.36	3.37	1.43	0.29	1.17
Long-Term Deferred Tax Liabilities	1.36	-	-	-	1.31
Other Long-Term Liabilities	0.3	0.31	0.32	0.33	0.34
Total Liabilities	405.31	501.28	550.24	701.61	879.8
Common Stock	132.42	132.42	132.42	132.42	132.42
Additional Paid-In Capital	132.87	132.87	128.32	128.09	123.98
Retained Earnings	185.84	234.17	279.29	277.89	274.53
Total Common Equity	451.13	499.46	540.03	538.4	530.92
Minority Interest	2.98	0.79	1.43	-	-
Shareholders' Equity	454.1	500.24	541.45	538.4	530.92
Total Liabilities & Equity	859.42	1,002	1,092	1,240	1,411
Total Debt	64.52	5.13	2.13	1.88	4.02
Net Cash (Debt)	28.34	190.28	133.88	156.38	246.02
Net Cash Growth	-85.11%	42.13%	-14.39%	-36.44%	186.98%
Net Cash Per Share	0.21	1.43	1.00	1.24	1.88
Filing Date Shares Outstanding	115.81	132.42	132.42	132.42	132.42
Total Common Shares Outstanding	115.81	132.42	132.42	132.42	132.42
Working Capital	111.21	193.14	236.67	241.27	296.7
Book Value Per Share	3.90	3.77	4.08	4.07	4.01
Tangible Book Value	449.18	498.54	539.45	537.66	530.23
Tangible Book Value Per Share	3.88	3.76	4.07	4.06	4.00
Buildings	-	181.39	184.6	184.6	184.6
Machinery	-	24.53	29.72	27.37	27.35

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