SHE:300907 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	253.85	234.59	143.62	181.87	255.51
Trading Asset Securities	98.47	40.06	79.12	25.03	-
Cash & Short-Term Investments	352.33	274.65	222.73	206.9	255.51
Cash Growth	28.28%	23.31%	7.65%	-19.02%	-29.86%
Accounts Receivable	753.52	407.45	277.4	255.34	238.11
Other Receivables	4.85	3.63	2.6	4.46	6.53
Receivables	758.38	411.07	280.01	259.8	244.64
Inventory	372.87	228.88	217.82	264.74	328.56
Other Current Assets	49.73	17.89	24.93	40.44	42.98
Total Current Assets	1,533	932.49	745.49	771.89	871.69
Property, Plant & Equipment	302.38	303.15	318.75	347.39	341.1
Long-Term Investments	10.35	10	10	-	-
Goodwill	150.94	-	-	-	-
Other Intangible Assets	137.1	64.15	73.68	22.17	26.72
Long-Term Deferred Tax Assets	28.37	20.41	18.62	20.75	15.29
Long-Term Deferred Charges	2.19	1.86	2.84	2.65	2.35
Other Long-Term Assets	11.96	3.01	1.55	6.4	9.46
Total Assets	2,177	1,335	1,171	1,171	1,267
Accounts Payable	488.82	356.63	247.29	259.33	368
Accrued Expenses	37.25	21.3	11.64	13.57	10.91
Short-Term Debt	505.61	158.97	117.7	94.03	135.2
Current Portion of Long-Term Debt	7.37	-	-	0.01	8.58
Current Portion of Leases	-	2.5	2.9	5.47	5.97
Current Income Taxes Payable	10.22	10.8	1.68	0.91	0.34
Current Unearned Revenue	18.12	1.16	1.02	1.13	1.59
Other Current Liabilities	161.6	15.63	2.43	4.6	1.85
Total Current Liabilities	1,229	567	384.66	379.05	532.43
Long-Term Debt	15.59	-	-	21.66	-
Long-Term Leases	2.56	5.36	2.78	9	15.4
Long-Term Unearned Revenue	5.67	7.31	8.95	9.28	5.89
Long-Term Deferred Tax Liabilities	21.84	2.01	1.61	2.98	-
Other Long-Term Liabilities	-	-	-	0.33	0.52
Total Liabilities	1,275	581.69	398	422.3	554.25
Common Stock	96	96	96	96	96
Additional Paid-In Capital	423.64	423.64	423.64	423.64	423.64
Retained Earnings	295.46	247.62	258.55	232.93	202.79
Comprehensive Income & Other	-20.28	-12.67	-5.17	-3.62	-10.06
Total Common Equity	794.82	754.6	773.01	748.95	712.36
Minority Interest	107.14	-1.21	-0.08	0	0
Shareholders' Equity	901.96	753.39	772.93	748.95	712.36
Total Liabilities & Equity	2,177	1,335	1,171	1,171	1,267
Total Debt	531.13	166.84	123.38	130.17	165.15
Net Cash (Debt)	-178.8	107.81	99.36	76.74	90.36
Net Cash Growth	-	8.50%	29.48%	-15.08%	-73.86%
Net Cash Per Share	-1.86	1.12	1.03	0.80	0.94
Filing Date Shares Outstanding	96	96	96	96	96
Total Common Shares Outstanding	96	96	96	96	96
Working Capital	304.31	365.49	360.83	392.85	339.25
Book Value Per Share	8.28	7.86	8.05	7.80	7.42
Tangible Book Value	506.78	690.44	699.33	726.78	685.65
Tangible Book Value Per Share	5.28	7.19	7.28	7.57	7.14
Buildings	-	136.75	141.73	76.2	74.68
Machinery	-	357.01	346.82	323.95	290.05
Construction In Progress	-	10.59	8.06	87.31	79.72

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