SHE:300920 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	255.83	387.21	476.89	601.4	631.27
Trading Asset Securities	51.05	10	-	-	-
Cash & Short-Term Investments	306.88	397.21	476.89	601.4	631.27
Cash Growth	-22.74%	-16.71%	-20.70%	-4.73%	-15.76%
Accounts Receivable	152.2	169.4	153.35	92.67	161.09
Other Receivables	3.99	4.77	7.83	21.81	14.49
Receivables	156.19	174.17	161.18	114.47	175.58
Inventory	91.46	78.03	68	72.93	95
Other Current Assets	17.82	7.27	4.99	7.6	30.28
Total Current Assets	572.35	656.68	711.07	796.41	932.12
Property, Plant & Equipment	620.94	580.06	514.92	479.3	359.03
Long-Term Investments	305	5	-	-	20
Goodwill	0.12	0.12	0.12	0.12	0.12
Other Intangible Assets	75.84	80.25	84.82	80.48	81.84
Long-Term Deferred Tax Assets	16.08	7.31	4.44	2.41	6.39
Long-Term Deferred Charges	0.04	0.38	0.3	0.49	0.67
Other Long-Term Assets	5.78	5.34	3.88	1.03	8.74
Total Assets	1,596	1,335	1,320	1,360	1,409
Accounts Payable	61.23	62.9	57.22	57.65	52.03
Accrued Expenses	6.97	13.55	11.41	8.16	10.81
Short-Term Debt	290.13	24.04	14.18	113.92	91.59
Current Portion of Long-Term Debt	0.48	-	-	-	-
Current Portion of Leases	-	0.78	0.78	0.91	1
Current Income Taxes Payable	8.81	3.26	0.64	0.42	7.95
Current Unearned Revenue	0.51	0.75	1.79	1.12	1.93
Other Current Liabilities	16.65	23.14	22.82	17.94	39.23
Total Current Liabilities	384.78	128.43	108.84	200.12	204.54
Long-Term Leases	0.05	-	0.69	0.08	1.33
Long-Term Unearned Revenue	26.1	26.1	26.1	26.1	22.32
Long-Term Deferred Tax Liabilities	-	-	-	-	5.07
Total Liabilities	410.93	154.53	135.63	226.3	233.26
Common Stock	100	100	100	100	100
Additional Paid-In Capital	667.07	667.07	667.07	673.68	670.56
Retained Earnings	426.55	409.58	404.14	362.09	408.63
Comprehensive Income & Other	-10.48	-3.12	-2.76	-1.84	-3.53
Total Common Equity	1,183	1,174	1,168	1,134	1,176
Minority Interest	2.08	7.07	15.46	-	-
Shareholders' Equity	1,185	1,181	1,184	1,134	1,176
Total Liabilities & Equity	1,596	1,335	1,320	1,360	1,409
Total Debt	290.67	24.82	15.65	114.92	93.93
Net Cash (Debt)	16.21	372.39	461.24	486.49	537.34
Net Cash Growth	-95.65%	-19.26%	-5.19%	-9.46%	-22.17%
Net Cash Per Share	0.16	3.66	4.61	4.80	5.37
Filing Date Shares Outstanding	99.55	100	100	100	100
Total Common Shares Outstanding	99.55	100	100	100	100
Working Capital	187.57	528.25	602.23	596.29	727.59
Book Value Per Share	11.88	11.74	11.68	11.34	11.76
Tangible Book Value	1,107	1,093	1,084	1,053	1,094
Tangible Book Value Per Share	11.12	10.93	10.84	10.53	10.94
Land	-	28.06	-	-	-
Buildings	-	367.45	321.27	207.89	193.77
Machinery	-	258.45	230.3	196.79	163.46
Construction In Progress	-	66.85	64.36	142.46	39.79

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