SHE:300956 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	195.75	198.56	82.55	136.72	143.86
Trading Asset Securities	-	30.14	120.14	208.74	-
Cash & Short-Term Investments	195.75	228.7	202.68	345.46	143.86
Cash Growth	-14.41%	12.84%	-41.33%	140.13%	383.87%
Accounts Receivable	909.13	769.18	563.77	412.85	710.43
Other Receivables	37.07	20.28	11.11	7.55	18.38
Receivables	946.19	789.46	574.88	420.4	728.81
Inventory	527.17	421.39	461.82	339.88	392.57
Other Current Assets	63.98	56.79	66.64	11.45	13.93
Total Current Assets	1,733	1,496	1,306	1,117	1,279
Property, Plant & Equipment	1,388	1,337	1,065	883.63	818.15
Long-Term Investments	1.99	1.99	1.98	-	-
Goodwill	0.07	-	-	-	-
Other Intangible Assets	67.37	68.45	70.07	67.43	68.55
Long-Term Deferred Tax Assets	8.1	15.94	25.07	23.64	25.67
Long-Term Deferred Charges	12.18	13.84	11.34	4.28	2.57
Other Long-Term Assets	195.55	29.83	9.39	10.68	17.99
Total Assets	3,407	2,964	2,489	2,107	2,212
Accounts Payable	929.77	879.14	748.83	403.39	580.79
Accrued Expenses	22.8	19.46	21.35	14.62	18.48
Short-Term Debt	652.71	425.13	207.33	176.34	373.33
Current Portion of Long-Term Debt	21.04	3.67	0.26	-	-
Current Portion of Leases	45.41	17.64	12.08	11.07	9.95
Current Income Taxes Payable	3.34	0.04	0.01	-	1.35
Current Unearned Revenue	0.17	0.31	-	0.76	-
Other Current Liabilities	65.25	40.54	4.35	3.17	6.4
Total Current Liabilities	1,740	1,386	994.21	609.36	990.3
Long-Term Debt	122.23	65.55	1.9	230.99	-
Long-Term Leases	74.24	39.25	15.44	9.59	31.44
Long-Term Unearned Revenue	75.22	80.94	87.43	77.23	74.6
Long-Term Deferred Tax Liabilities	1.84	3.59	13.96	16.95	21.5
Other Long-Term Liabilities	1.19	1.11	251.65	1.4	-
Total Liabilities	2,015	1,576	1,365	945.52	1,118
Common Stock	215.43	179.52	132	132	132
Additional Paid-In Capital	870.43	908.59	585.89	585.87	585.87
Retained Earnings	292.28	297.11	293.44	328.46	369.55
Comprehensive Income & Other	-2.91	-0.12	109.38	109.38	-0.05
Total Common Equity	1,375	1,385	1,121	1,156	1,087
Minority Interest	16.21	2.43	3.46	5.64	6.89
Shareholders' Equity	1,391	1,388	1,124	1,161	1,094
Total Liabilities & Equity	3,407	2,964	2,489	2,107	2,212
Total Debt	915.63	551.24	237.02	428	414.72
Net Cash (Debt)	-719.88	-322.53	-34.33	-82.54	-270.86
Net Cash Per Share	-3.29	-1.57	-0.18	-0.43	-1.51
Filing Date Shares Outstanding	215.43	215.43	190.08	190.08	190.08
Total Common Shares Outstanding	215.43	215.43	190.08	190.08	190.08
Working Capital	-7.41	110.44	311.82	507.83	288.87
Book Value Per Share	6.38	6.43	5.32	5.50	5.72
Tangible Book Value	1,308	1,317	1,051	1,088	1,019
Tangible Book Value Per Share	6.07	6.11	4.95	5.15	5.36
Buildings	690.44	574.31	450.33	293.63	283.98
Machinery	970.49	924.51	740.18	672.12	489.98
Construction In Progress	6.66	90.69	181.76	140.01	135.45

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