SHE:300807 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	94.62	83	79.43	114.06	89.65
Cash & Short-Term Investments	94.62	83	79.43	114.06	89.65
Cash Growth	14.00%	4.50%	-30.36%	27.22%	-49.01%
Accounts Receivable	181.75	241.84	262.72	264.28	245.66
Other Receivables	1.81	2.25	3.66	4.86	7.02
Receivables	183.56	244.09	266.38	269.14	252.68
Inventory	56.52	93.59	80.56	110.95	152.68
Other Current Assets	5.3	12.04	8.4	15.38	28.46
Total Current Assets	340.01	432.72	434.76	509.52	523.47
Property, Plant & Equipment	175.62	193.28	204	197.81	206.38
Long-Term Investments	12.78	15.09	14.61	14.87	17.28
Other Intangible Assets	6.74	7.34	7.44	8.78	9.96
Long-Term Deferred Tax Assets	56.15	67.21	55.19	41.64	32.86
Long-Term Deferred Charges	3.55	4.46	4.56	-	-
Other Long-Term Assets	6.95	1.37	1.37	4.7	2.84
Total Assets	601.8	721.47	721.94	777.32	792.79
Accounts Payable	53.6	103.37	76.44	78.5	75.62
Accrued Expenses	9.32	19.13	14.25	27.21	17.77
Short-Term Debt	41.7	50	45	55.67	46.6
Current Portion of Long-Term Debt	18.05	1	1	-	-
Current Portion of Leases	-	0.33	0.29	-	-
Current Income Taxes Payable	2.27	0.01	0.52	0.93	1.26
Current Unearned Revenue	10.66	35.05	13.71	12.3	42.8
Other Current Liabilities	8.3	8.2	4.63	7.33	6.37
Total Current Liabilities	143.9	217.1	155.84	181.94	190.43
Long-Term Debt	-	17.8	18.8	-	-
Long-Term Leases	1.08	1.35	1.68	-	-
Long-Term Unearned Revenue	-	-	-	0.35	0.7
Long-Term Deferred Tax Liabilities	-	0.4	0.49	-	-
Other Long-Term Liabilities	0.77	0.72	0.62	0.22	-
Total Liabilities	145.74	237.38	177.43	182.51	191.13
Common Stock	68.04	68.04	68.04	67.85	67.85
Additional Paid-In Capital	361.27	361.27	361.27	361.52	359.09
Retained Earnings	28.54	56.47	115.77	166.19	174.7
Comprehensive Income & Other	-0.52	-0.52	-0.25	-0.26	-
Total Common Equity	457.33	485.26	544.83	595.3	601.65
Minority Interest	-1.27	-1.17	-0.33	-0.5	0.02
Shareholders' Equity	456.06	484.09	544.51	594.81	601.67
Total Liabilities & Equity	601.8	721.47	721.94	777.32	792.79
Total Debt	60.83	70.48	66.77	55.67	46.6
Net Cash (Debt)	33.79	12.52	12.66	58.39	43.05
Net Cash Growth	169.97%	-1.12%	-78.32%	35.63%	-73.23%
Net Cash Per Share	0.50	0.18	0.19	0.89	0.64
Filing Date Shares Outstanding	72.26	68.04	68.04	67.85	67.85
Total Common Shares Outstanding	72.26	68.04	68.04	67.85	67.85
Working Capital	196.11	215.62	278.92	327.58	333.05
Book Value Per Share	6.33	7.13	8.01	8.77	8.87
Tangible Book Value	450.59	477.92	537.39	586.52	591.69
Tangible Book Value Per Share	6.24	7.02	7.90	8.64	8.72
Buildings	-	201.59	201.39	194.06	194.06
Machinery	-	51.3	50.79	43.78	42.58

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