SHE:300876 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	86.79	79.43	181.04	405.7	243.03
Short-Term Investments	-	-	80	50	80
Trading Asset Securities	-	-	5	55	180
Cash & Short-Term Investments	86.79	79.43	266.04	510.7	503.03
Cash Growth	9.26%	-70.14%	-47.91%	1.52%	-0.85%
Accounts Receivable	135.41	155.62	129.2	94.37	68.9
Other Receivables	1.13	0.29	1.87	1.59	1.13
Receivables	136.54	155.92	131.07	95.96	70.02
Inventory	71.95	94.42	45	69.85	36.69
Prepaid Expenses	0.05	-	-	0.2	0.57
Other Current Assets	64.95	94.51	59.16	35.24	64.26
Total Current Assets	360.28	424.27	501.26	711.96	674.57
Property, Plant & Equipment	953.38	752.46	715.23	307.79	98.97
Long-Term Investments	3.93	1.93	24.89	5.83	1.15
Goodwill	-	3.28	12.84	-	-
Other Intangible Assets	212.65	218.26	60.06	48.82	59.23
Long-Term Deferred Tax Assets	0.07	0.11	3.28	2.38	1.51
Long-Term Deferred Charges	6.86	8.34	8.64	9.88	11.63
Other Long-Term Assets	353.53	260.51	141.69	150.22	93.43
Total Assets	1,891	1,669	1,468	1,237	940.49
Accounts Payable	107.13	52.35	51.82	11.44	10.67
Accrued Expenses	13.55	14.57	11.31	9.75	8.93
Short-Term Debt	158.11	346.96	91.59	40.98	74.23
Current Portion of Long-Term Debt	36.38	8.21	3.88	0.2	-
Current Income Taxes Payable	0.03	0.09	3.8	5.75	2
Current Unearned Revenue	1.53	5.57	7.52	7.99	10.35
Other Current Liabilities	10.6	47.29	5.23	1.23	2.36
Total Current Liabilities	327.31	475.05	175.13	77.34	108.54
Long-Term Debt	390.32	305.55	309.24	252.99	19
Long-Term Unearned Revenue	7.07	4.81	5.78	5.9	4.83
Long-Term Deferred Tax Liabilities	0.76	4.97	8.62	10.31	-
Other Long-Term Liabilities	44	-	-	-	-
Total Liabilities	769.46	790.38	498.78	346.54	132.37
Common Stock	108.72	96	96	96	96
Additional Paid-In Capital	788.67	457.4	457.97	454.77	454.56
Retained Earnings	135.41	197.35	281.01	278.73	257.56
Treasury Stock	-12	-12	-	-	-
Comprehensive Income & Other	-	61.17	61.17	61.19	-
Total Common Equity	1,021	799.93	896.15	890.69	808.12
Minority Interest	100.45	78.85	72.95	-0.35	-
Shareholders' Equity	1,121	878.78	969.1	890.33	808.12
Total Liabilities & Equity	1,891	1,669	1,468	1,237	940.49
Total Debt	584.81	660.72	404.71	294.17	93.23
Net Cash (Debt)	-498.02	-581.29	-138.67	216.53	409.8
Net Cash Growth	-	-	-	-47.16%	-19.03%
Net Cash Per Share	-5.06	-6.08	-1.44	2.25	4.27
Filing Date Shares Outstanding	108.03	95.32	96	96	96
Total Common Shares Outstanding	108.03	95.32	96	96	96
Working Capital	32.97	-50.77	326.13	634.62	566.03
Book Value Per Share	9.45	8.39	9.33	9.28	8.42
Tangible Book Value	808.15	578.39	823.26	841.86	748.89
Tangible Book Value Per Share	7.48	6.07	8.58	8.77	7.80
Buildings	392.14	386.16	337.21	10.25	10.25
Machinery	434.72	423.75	141.92	78.91	79.05
Construction In Progress	285.5	54.09	306.97	258.1	43.41

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